If the time has come to purchase a home and you’ve been perusing the real estate market, it’s possible you’ve also been considering the mortgage options that might work best for you. In the event that you’re already spending a lot of time looking at homes and trying to sell your own, here are a few reasons you may want to leave your mortgage considerations to a professional.

Qualifications You Can Count On

If you’re new to the world of home purchasing and have concerns about learning the ropes on your own, a mortgage advisor can be a great way to navigate the market and get the information you need without having to do all of the legwork. Because a mortgage advisor has to have the necessary qualifications to give you advice, they’ll be able to guide you through available options so you can find the product that is best suited for your financial situation.

A Knowledgeable Expert On Your Side

Between putting in offers on a home and dealing with lenders, it can often feel like you’re between a rock and a hard place, and getting squeezed financially. However, the ideal mortgage advisor will be someone who is there solely to assist you and provide you with viable options. Instead of a very specific set of options provided by the bank, an advisor will be able to identify products your lender might not suggest, which means you’ll have more options and a representative who will be able to recommend the best ones for you.

The Inside Scoop On The Industry

It’s the job of a mortgage advisor to be on top of the market, have a comprehensive knowledge of the products out there and be familiar with the lenders, so this means less research and a lot more expertise for you when it comes to any final mortgage decisions. Not only will they have the know-how in the industry you’re heading into, they’ll be aware of the information the lender requires and may be able to score you a better deal when the time to make a decision comes.

Finding the ideal lender for your mortgage can be a struggle in times where there are so many small details to deal with, but a mortgage advisor can work to simplify the process. If you’ll soon be applying for a mortgage and are considering your lender options, you may want to contact one of your local mortgage professionals for more information.

The housing market is in a constant state of flux, and with the changing shape of real estate there will most definitely be notable trends to watch out for in the next year. Whether you’re approaching the market with caution or are ready to dive in without worry, here are some things to watch out for in 2016.

A Slow Growth Outlook

One of the most worrisome impacts of a slowed economic outlook is how it can affect people’s monthly payments, and this is slated to be a significant concern over the next few years. With the possibility for lowered global gains in 2016 and the job loss that can stem from this, it may be the case that many borrowers end up falling behind on their payments a little more this year. While this doesn’t pose a significant worry in the short term, it may become problematic in the event of a sustained downturn.

Bring On The Millennials

It’s definitely the case that few have struggled to make their way in the economic world as Millennials have over the last few years. However, according to Trulia.com, approximately 80% of those polled between 18-34 want to make a new home purchase before 2018. While many Millennials will be deterred by rising interest rates and will instead stick around their parents’ house a little longer, there definitely stand to be a few more wading into this market with growing savings and better job opportunities.

An Ever-Shifting Market

When it comes to real estate, prices on a day-to-day basis are constantly in a state of flux but that trend is expected to become even more extreme in 2016. While the rent and purchasing price for homes in metropolitan areas will continue to increase with demand, the prices of homes in smaller centers will actually diminish. So, while real estate prices are constantly on the rise and it may be a good time to get into the market, a home in a place a little less popular may provide a bit more bang for your buck in the coming year.

With the real estate market and the world economy experiencing significant fluctuations in the last few months, there are bound to be many ups and downs in the market this year. If you’re considering a new home in 2016 and would like to know more about your options, you may want to contact one of our mortgage professional for more information.

If you’re planning to buy a home in the near future, you’re probably already looking at mortgages available through your bank and other lenders. But before you choose a mortgage and sign on for a loan worth hundreds of thousands of dollars, you’ll want to carefully consider whether you’re truly better off with the DIY approach or whether a mortgage advisor might be able to help you. Mortgage advisors are trusted professionals who work with private clients to get the best terms and rates available.

Here are just three reasons why finding an experienced mortgage advisor is in your best interests.

A Mortgage Advisor Can Give You An Independent Second Opinion

Oftentimes, when dealing with your bank, it can feel like there aren’t that many options available when it comes time to find a mortgage. And although many banks do offer loyalty rewards through their mortgage offerings, that doesn’t necessarily mean the mortgage itself is a good deal.

A mortgage advisor is someone who has seen hundreds of mortgage deals and knows what kinds of terms and rates you can reasonably expect. Before signing on for a mortgage, have an independent advisor review your contract to spot potential problem areas.

A Mortgage Advisor Has Access To Better Rates

When you walk into a bank or lender as a consumer, your lending officer is going to provide you with the bank’s standard market rate for the average borrower with your credit rating and income. But just because you’re getting a standard rate, that doesn’t mean you’re getting a good rate.

A professional mortgage advisor has access to an extensive network of lenders with a variety of offerings, which means your mortgage advisor can almost certainly get you a better rate than what your bank offers. And on a purchase as large as a mortgage, every interest point matters.

A Mortgage Advisor Is A Strong Negotiator

When it finally comes time to make a deal, most first-time homebuyers simply accept mortgage terms without much second thought. After all, getting approved for a mortgage at all is great news for many. But just because you’re offered a mortgage, that doesn’t mean it’s the best mortgage you could get.

A mortgage advisor is an experienced negotiator who knows what the banks and lenders can offer you – and knows when they’re holding back. That’s why you’ll never want to walk into a negotiation without a mortgage advisor on your side.

Working with a professional mortgage advisor can make the mortgage process easier and help you to get a better mortgage. To learn more about how a mortgage advisor can help you, contact your local mortgage professional today.