Mortgage Advisers | Mint FS

Mortgage advisers are professionals who help people buy homes. They work with borrowers to make sure they get the best mortgage possible.

Mortgage brokers are not licensed to give advice about mortgages. They may offer advice about mortgages, but only if they have been hired by the borrower.

A mortgage adviser works directly for the lender. He or she helps lenders decide whether to approve a loan application. If approved, he or she then helps the borrower choose the right type of home loan.

A mortgage broker works for both the borrower and the lender. He or her job is to find the best loan for each person's situation

Bespoke Brokers often charge fees for their services. These fees vary depending on how much time and effort they put into finding the best loan for the borrower.

Let to Buy

The phrase "let to buy" describes the practice of renting out one's current residence in order to make a down payment on a new home.

Let to buy mortgage A let to buy mortgage is a type of mortgage where the borrower pays interest only until they have paid off the loan. Once the loan is fully repaid, the lender then repays the remaining balance at no additional cost to the borrower. 

Fixed Rate Mortgages Fixed rate mortgages are a type of home loan where borrowers pay a fixed amount of interest each month. If rates go down, borrowers may benefit financially if they lock in their interest rate for a longer term. However, if rates rise, borrowers could end up paying more than what was originally agreed upon.