2007-01-24 07:38:14 · 6 answers · asked by NEIL E 1 in Business & Finance ➔ Other - Business & Finance
Do both, as well as researching on the internet.
The only people who won't be biased will be those that you pay. So if you were to go to Barclays they would look at only their policies or those that they are affiliated to.
And it's the same with Mortgage brokers who work for free - they earn their commission off the mortgage providers.
But a decent amount of looking around yourself - and the internet is fantastic as a benchmark - will help. First thing though; get the different basic mortgage types explained to you.
2007-01-24 07:41:52 · answer #1 · answered by Felidae 5 · 0⤊ 0⤋
Banks do the same job! Ask for a personal review or to be referred to a financial mortgage advisor and they will offer you advice that is just as good as a mortage company
2007-01-24 07:48:26 · answer #2 · answered by shell010287 1 · 0⤊ 0⤋
On average, the guy at the bank doesn't know a whole helluva lot. They move those guys in and out like chess pieces, because the banks only pay them on what they close. Mortgage advisors, depending on how long they've been in the industry, will be able to look at your whole situation, see what's good and what's bad, and tailor a deal based on that. You will, however, pay more for the mortgage advisor at closing, but a good one will be able to get you the best deal and be able to get you to closing with minimum headache.
2007-01-24 07:45:21 · answer #3 · answered by togashiyokuni2001 6 · 0⤊ 0⤋
It all depends. I am a mortgage processor and I have worked for brokers, mortgage banks and banks. If you have great credit and a perfect history and the loan should run very smooth then go to your local bank but if you have ok credit or bad credit and may have some kind of problems come up I would either go to a mortgage broker or mortgage company. There are many more options that way. Good Luck!
2007-01-24 07:49:02 · answer #4 · answered by Crash 4 · 0⤊ 0⤋
banks have mortgage advisors but they usually can only give advice on that banks products
an independent mortgage advisor can look at the whole market to arrange the most suitable mortgage for your needs
they should all be regulated by the fsa
as part of their interview and fact find they will explain fully all the different types of mortgaes and will advise on the one that best suits your need and give you a written explanation of why
2007-01-24 07:42:17 · answer #5 · answered by Anonymous · 1⤊ 0⤋
go to an adviser make sure they are total market and they will find the best deal for you
2007-01-24 07:45:23 · answer #6 · answered by happybluebeauty 2 · 0⤊ 0⤋