The reason to work with a Singapore Mortgage Advisory Broker to assist you with your mortgage – There are many things you should pay attention to when you work with property. Buying property is a very stressful thing and when you are working with things that may cost a few million dollars sometimes, you will have to be very careful because you can be losing a lot of money if you make bad decisions.
When you are making decisions with a property, it is not just the price of the property that matters. It is also the mortgage loan that goes with it. If you get lower interest rates, you can expect to save a lot more than those that are paying maybe 1 to 2 % more than you. Those savings can translate to better use of capital in other means such as renovations works or buying another unit altogether and you will be able to make more profits than someone who does not monitor this
So why should you work closer with a Singapore Mortgage Advisory Broker you might ask. There are many reasons and of course each of them involves lots of cost savings that will make you a much better property investor than most people.
Firstly, the information out there is very complicated, you might be able to sort things out by yourself, say get a spreadsheet and email 10 banks and then realizing which one is the cheapest and have the best terms and also which one has the best rates and such. But did you know for a the Mortgage Advisory Broker, he or she does this on a daily basis and gets updates faster than you can even know, because rates can shift every two to three weeks. By the time you receive a reply from all the banks you might need to request for a second quotation again which can be a very frustrating process for someone who has a full time job and life to live.
Secondly, promotional rates can appear once in a while and you might not be in the best position to know about it. If you are not in that position to learn about the promotional rates you might miss out on it. This is when you should be on the database of a Singapore Mortgage Advisory Broker who will be able to keep you updated on a regular basis through a database that they might do a regular blasting of information to or you can also consult them when you hear wind of some kind of promotion.
Thirdly, the usage of a Singapore Mortgage Advisory Broker is absolutely free to anyone who needs one who can advise them. The fact is that the banks will pay a small introductory fee to the brokers that assist them in closing a mortgage case and this is a market practice. So you actually get a service for you that is free.
So you should seriously considering getting your Singapore New Home Loan Mortgage done with a broker.
Thank you for reading our article on “The reason to work with a Singapore Mortgage Advisory Broker to assist you with your mortgage”.
If you are keen to work closely with a Mortgage advisor, we recommend Avant Mortgage.