Monthly Archives: November 2017

Three Reasons to Use a Mortgage Broker as a First Time Buyer

The world of mortgages is a confusing and often slightly overwhelming experience for most homeowners, particularly first time buyers on the lookout for their first home and with very little previous experience.

With lots of business jargon flying around and so many different options on offer, it’s hard to work out which mortgage is the best fit for you. However, with lots of people wanting to get a foot on the property ladder as early as possible, it’s important you get the best deal for you and your partner.

Here, we’ve found three reasons why first time buyers should use a mortgage broker to help them get their first mortgage.

To give advice

As a first time buyer, you probably won’t have much previous experience with mortgages and might not even know your borrowing from your lending.

While researching on the internet can get you a fair amount of the way in understanding mortgages, it’s much more helpful to have a professional on hand who can help you navigate the pitfalls of the business. They can explain all the lingo and the specific terms of mortgages, preventing you from making some costly mistakes that could come back to bite you down the line.

They also have the business knowledge to help you make the best judgment for your own finances. They will know which lenders to steer clear of and which ones you have the most luck with approving your application, preventing you from lowering your credit score by having multiple rejections.

This post by Search Mortgage Solutions offers you more information for first time buyers.

More choice

When you go direct, you often only have a limited choice of lenders who deal with direct enquiries. When using a mortgage broker, they can give you more choice.

While this depends on the status of the mortgage broker, if you opt for one that has access to the whole of the market (which we would recommend), it means they can compare all of the options available to you across the range, rather than being pigeon-holed into a small number of lenders.

And, frequently, some lenders will only go through brokers meaning you can get access to some that would otherwise be restricted to you.

Convenience

One of the best reasons to use a mortgage broker is also one of the most practical ones. Mortgage brokers will do a lot of the legwork for you, conducting the time consuming research required to compare lots of different choices.

They can also cut out the work required to apply for a loan. Once you have provided your mortgage broker with all of your details, they can then fill in all the applications required to get approval.

They will also talk to lenders on your behalf, providing you with updates as you go rather than you having to spend hours on the phone negotiating your terms.

For more information on using a mortgage broker, visit this post by the HomeOwners Alliance.

 

Selling Home Fast With a Cash Property Buyer

Do you have a plan to sell your house? If you are planning to sell your house then you must have done a basic real estate sur24.vey. It is now clear that economic conditions are reflected in the state of the real estate industry. With the fall in property values, the difficulty to pay mortgages lead to foreclosures; but that is not the purpose of selling property.

In a well-run economy, most people will be able to sell the house quickly and also the price that suits their expectations. But, this does not happen in conditions of economic recession. You can contact real estate agents to sell your house faster. This is ideal if you have a lot of time and have no problem waiting months together until a good buyer comes along. A good buyer also means paying a real estate agent for a reasonable fee according to the deal.

Selling home fast may not be entirely possible through a real estate agent for those who are running against time. In the scenario of your banker waiting at your door for the mortgage payments, you wanting to relocate immediately or wanting to sell the house due to other commitments, you surely wish to have a deal that is quick and guaranteed. This is the main reason that more and more people today prefer to sell their home to cash property buyers.

Working with buyers of cash properties has become much easier with the internet. A simple search will give you a list of buyers of cash properties that are ready to get a free estimate for your home. You can get free valuations and as such, this will be a deal where you make great savings from the beginning. With a buyer of cash properties you can save on legal costs because all legal issues will be taken care of. However, it is important for you to choose a cash property buyer who has a good track record. You can ask your family or friends, you can also read consumer testimonials on the company website.

24,Famous and reliable buyers will make it a smooth sale with no hassles or tensions at all. Past records or performance is a clear indication of how individual buyer companies or cash buyers can be trusted. Make sure that you have your future plan clearly, because with the cash buyer, the offer can be submitted immediately and the deal closed within just a week. If you want to rent back home you should make it right from the beginning. With a good company, there is a lot of flexibility that you enjoy and you can ensure a lucrative deal.

A professional cash buyer will contract with you immediately. The location of the property or the current condition is not much of a concern. Make sure you find a good money buyer before you sign on the dashed line. With a reputed buyer by your side, you can sell the house quickly and also have all the cash you want right away.