Free
The services of a mortgage broker is free to the borrower because the bank pays a referral fee upon successful loan disbursement.Unbiased
Mortgage brokers offer unbiased recommendations since they are not tied to any one bank.Well-informed and professional
Mortgage brokers are well-informed of all the loan packages in the market and their accompanying features, compared to most borrowers, because it is their job. Besides matching you with the right loan, they can warn you about caveats and conditions of the loan contract, which if you are a lay person you may not be aware of. In addition, loan contracts have financial jargon that first-time borrower may be baffled with. A mortgage broker will be able to explain these to you in plain English. Most will even assist you with the paperwork in the application process. In short they take most of the hassle out of the loan process - from search to application. After reading this article, if you are persuaded into trying out a mortgage broker, you can try the friendly and helpful ones at www.iCompareLoan.com. The brokers there use home loan reports, generated from Singapore's most advanced loan analysis system (exclusive to iCompareLoan), to help you find the best fit package. Email them at loans@PropertyBuyer.com.sg or drop a note here.About Property Buyer http://www.PropertyBuyer.com.sg/mortgage We are a research-focused Singapore mortgage consultancy which helps you compare Singapore home loans either for new loans or refinancing. We use loan reports from Singapore's best loan analysis system (exclusive to us) at http://www.icompareloan.com/consultant/ to serve our customers. Our services are completely FREE to you as the banks pay us a referral fee upon loan disbursement. SMS: (65) 9782 8606 Email: loans@PropertyBuyer.com.sg