What is a Mortgage?

A mortgage is a loan acquired by a borrower to buy a house or land.

Who is a mortgage adviser?

A mortgage adviser is also some kind of mortgage broker, especially an independent mortgage broker. Those mortgage advisers are having a piece of great knowledge about the mortgage-related field. Their ideas are valuable to a borrower as they are experts in that field. They are with a variety of mortgage ideas and methodologies that may suit the borrower.

Mortgage Advisers are three types,

• some are similar to loan officers. So, they are bound only to specific lenders only
• some are dealing with a specific and limited lender only. Hence, they are with limited variations and accesses
• some are opened. They are dealing with a wide range of lenders

Why choose mortgage advisers

• Mortgage advisers are the best and experienced in the field. So, they can direct the borrower towards the borrower's dream of purchasing a perfectly fitting mortgage.
• When a borrower doesn’t get the help of a mortgage adviser, then the application submitted by the borrower refers to “execution-only”
• mortgage advisers will refer to the financial status and documents of a borrower and they will inform the borrower whether the loan types he is interested in are affordable to himself.
• Mortgage advisers may have close business relationships and deals with lenders. Hence, sometimes it may be an advantage to the borrower.

If not hope to have help from a mortgage adviser?

Not seeking an adviser may be a decision of the borrower. It's not compulsory to contact a mortgage advisor for the mortgage process by a borrower. But not getting the service of a mortgage adviser may cause several risky consequences for the borrower.

• Without proper guidance, the borrower may choose an unaffordable mortgage plan.
• The mortgage application will be in the form of “execution-only”
• will result in costly casualties in the future
• without proper guidance the borrower may be rejected by the lender.
• All responsibilities will have to be tolerated by the borrower only

When to contact a Mortgage Adviser?

It's very important to choose a mortgage adviser before selecting a lender or mortgage plan. The borrowers, though he is a first-time or not, has to seek advice from the mortgage adviser. Choosing a mortgage plan and a lender must be done under the guidance of a mortgage adviser. 

So, it is so important to contact a Mortgage Adviser at the very first moment you decide to have a mortgage.

Leading Mortgage Advisors all around the world

[according to a list in Investopedia,

• Benjamin Graham

known as the father of value investing

• Warren Buffet

known as the “oracle of Omaha”. One of the leading successful millionaire in the present

• Peter Lynch
• Dave Ramsey
• Suze Orman

Leading Mortgage Advisor Organizations

in the UK

• UK Mortgage Broker
• Maple Leaf Financial Services
• Mortgage Concepts Associates Ltd
• HCG Finance
• Turquoise Money Ltd

in the USA

• Mortgage Wealth Advisors
• Capital Mortgage Advisors
• Trussle Mortgages