Why You Should Hire a Mortgage Expert

Guest Author: Greg Phelps, CFP®, CLU, AAMS

As a Fee-Only CERTIFIED FINANCIAL PLANNER™ practitioner, I’m skilled and knowledgeable in many aspects of financial planning, but not as strong in others. I know my limitations. I refer out trust work and estate planning, tax work and life insurance. I prefer the most qualified person doing my clients planning in the areas I’m not an expert.

Home loan advisers are no different. Some loan advisers are highly competitive in a 30 year fixed rate mortgage. Their rates and fees are low, their service is exceptional, and the process is smooth from quote to close. Those same loan advisers may have overpriced rates and fees for ARM’s (Adjustable Rate Mortgage), and may not even offer balloon loans or HELOC’s (Home Equity Line of Credit). But they’re great at 30 year fixed rate home loans!!!

If you want a 30 year fixed rate mortgage, you need a specialist in that type of loan or you run the risk of accidentally getting the loan adviser who’s great at 3 year ARM’s but horrible at 30 year fixed mortgages. Which would you prefer? A specialist in your specific type of loan or mortgage need? Or a generalist who can get your loan done…but at what cost to you the borrower?

A simple way to get the best deal on a home loan or mortgage is finding a specialist in your specific mortgage needs. A specialist will save you time, and most definitely money – because let’s face it… doctors have specialties, lawyers have specialties, and accountants have specialties – your mortgage broker does too!

Related resources:

Next Payday: Why not try our UK payday loans,there are no paperwork to complete,no credit checks,the quick payday loan company and one very easy application form,loans till payday.
Mortgage-Guy.com – Mortgage News and highlights of programs.
Free Mortgage Quotes – Whether you are purchasing a new home, or wish to refinance your existing home for a lower rate, we will work hard to find a mortgage that is customized especially for you. FHA available.
Mortgagesroom – Get most updated mortgage news here.
Mortgage Interest Rates – Your Mortgage News Source.