WHY SHOULD YOU USE A MORTGAGE DISTRIBUTOR?
Unless you have the time to talk to bankers from all 12 banks and 2 finance companies that provide mortgage loans in Singapore … but even so you may get confused as every banker will pitch to you their loan package as the best.
Here’s a look at some benefits of using a mortgage distributor :
- Work with someone professional and well-versed with mortgage loans and the various packages from all the banks and and who will recommend to you independently.
- Have someone who does this full-time to monitor market rates & pricing, who can then help you to review your packages every now and then taking into account the latest regulatory changes, not unlike financing planning and review with your financial consultant. That way you can be assured of the best deal at any point in time in the midst of your busy schedule, truly as our tagline goes – the smart way to leverage!
- Learn from the collective experience of all borrowers out there as your mortgage broker shares ideas, strategies to get higher credit, and what pitfalls to look out for in the management of one’s credit profile.
- Go to the same mortgage consultant whom you have built up trust and relationship over time when you need to look at financing of more property types like commercial, overseas property etc. Contrast that with calling up the same banker who did the loan for you 2 years ago – do not be surprised he has already left the bank!
- (If you like) Submit your income and credit documents only once to your personal mortgage consultant who then does the legwork for you to submit to all the bankers on your behalf. This is especially useful for those who is applying to a few banks at the same time.
- Best of all the service comes free of charge. This is because banks, besides their own branches, do distribute their mortgage products through external channels and pay us a small distributor fee in recognition of the work we do. (Note: You still get the same package and interest rates whether you go direct to the bank or if you choose to work through a mortgage distributor. And you can easily validate this.)
One last reason why you should choose to work with us – here at MortgageWise we do show our appreciation to all our clients by rewarding them with useful departmental store vouchers (based on loan size approved) when they get their new loan or refinance their existing loan through us. See our Rewards Programme. Not that this is the most important. We rather focus on our advice and service, but just a little gesture to thank you for your business and support.