Comparing services of Mortgage Consultants to Lending Institutions.
A comparison between respectable mortgage consultant and a leading lending institution (loans officer)
Mortgage Consultant Services
- Can offer more than 400 loan products.
- Works for the benefit of its client and All About Home Loans.
- Earns a commission from the lender only after your needs are satisfactorily met and the loan is finalised.
- Has a selection of many lenders with a broad range of policies, procedures and products to choose from.
- Does this for every client.
- Will emphasise the benefits from many lenders.
- Is completely impartial.
- Will track down what you need from a number of lenders.
- Will calculate your highest possible borrowing capacity from a number of lenders.
- Will allow you to make your own choice after showing you a number of options that could suit your needs.
- Wants to show you as many ways as possible for you to reduce your mortgage quickly and save you money.
- Is fully mobile (with laptop computer) and will be more than happy to come to you for your convenience. Unusual times can be arranged on a case by case basis.
- Is keen to ensure that all parties are kept well informed so that the whole process moves along smoothly.
- Provides peace of mind by helping you find the best loan to suit your unique needs.
Lending Institutions Services
- Can offer only a limited number of loan products.
- Works for the benefit of the institution.
- Is paid based on a salary, not results.
- Is restricted by one organisation’s policies and procedures.
- Is unlikely to tell you why you should be using another lender’s products and services.
- Is unlikely to highlight any deficiencies in the product range or service levels of the organisation.
- Will emphasise the benefits of dealing with the organisation.
- Is not impartial.
- May not have the particular feature or benefit you are looking for.
- May not be able to lend you the amount you need to borrow.
- Will try to convince you that one of the limited number of loan products will suit your needs 100%.
- Is not keen or well equipped to promote all the mortgage reduction strategies available.
- Is unlikely to want to see you outside bank hours or at your home.
- Spends little time keeping your real estate agent and solicitor up to date with progress on your loan.
- Won’t be able to give you the peace of mind that you have been given a number of options and have made the right decision.
