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Real Estate

How Estate Agents Can Help You in Mortgaging Your Property

Estate agents are more than just real estate experts. They are also financial advisors. This means that they can help you in mortgaging your property.

If you’re thinking of buying a home, it is important to know the different options available. When it comes to mortgages, there are many things that you need to be aware of. There are different types of mortgages that you can choose from depending on your needs and requirements.

There are different types of mortgages such as:

Fixed Interest Rate Mortgage- This type of mortgage has an interest rate which remains the same throughout the term of the mortgage agreement. This means that even if there is an increase in interest rates or inflation, your monthly repayments will not increase and will remain constant for the duration of your contract.

Variable Interest Rate Mortgage- This type of mortgage has an interest rate which may change over time depending on changes in market conditions such as inflation or economic changes within a country or region. The rate may increase or decrease depending on how these factors affect the economy at large and also how they affect your personal finances as well as those around you.

Estate agents are experts in property sales and mortgages, so they make an excellent point of contact for anyone looking to sell their home. Here’s how they can help:

Mortgage lenders will want to know that your house has been valued correctly before they lend any money. They also want proof that people will actually buy your house once it goes on sale. That’s why estate agents can help by finding out exactly what your home is worth, checking that it meets all legal requirements and presenting it in the best possible light to potential buyers. This will make lenders more confident about lending you money and increase your chances of getting approved for a mortgage.

A good mortgage broker will have an excellent knowledge of the local market and will be able to find the best deal in terms of interest rates and fees. He should have an extensive network of contacts within the industry, which means he can find the right mortgage for you whether it be fixed or variable rate, or a combination of both.

The best way to get started with a mortgage broker is to check out his website and look at some of his testimonials from previous clients. If he has been working in the industry for some time then he should have plenty of experience when it comes to finding the right mortgage for his clients.

If you are planning for mortgaging your property, Dowen Estate Agents can help you.