Securing the Best Financing Options
Why should I engage the services of a mortgage advisor in Singapore when I can easily apply for housing loans myself?
Imagine this: You have just placed a deposit for a property which is a huge investment (Possibly the biggest type of loan in your lifetime) but you realized you have miscalculated your budget and financing. What a horror! This is the worst nightmare that can ever happen. You could have avoided such mishaps from happening if you had engaged a Redbrick Mortgage Advisor to assist and walk you through the planning of numbers and shortlisting the most suitable financing options. With us guiding you step-by-step, you need not worry about missing out on securing the best financing for your new property purchase!
Mortgage advisors in Singapore (especially Redbrick’s) go beyond just assisting on application for housing loans on your behalf to save time. Let me walk you through on how important it is to engage us for our advisory and services to secure the best financing options!
With a monthly transaction volume of millions, we have the experience of recommending the most suitable and best financing options to you. You can compare the various mortgage products offered by different financial institutions on your own (there are hundreds of packages out there in the market) but it is likely that you will be spending unnecessary time and effort. Further, choosing the right package is not straightforward as loan packages offered by financial institutions come with various features i.e. lock in period, partial prepayment allowance, waiver of penalty due to sale (just to name a few).
Another lesser known advantage of transacting a high volume of loans with each financial institution is that mortgage advisors often are able to negotiate for better rates that are not publicly available. small percentage difference could translate to thousands of dollars in savings.
Finally, with a good understanding of the market, we can tailor a bespoke plan suitable to your individual needs for your mortgage loan to save you money in the long run. This is unlike going direct to the banks where bankers assist on the mortgage loan application which is purely transactional and may not suit your financial needs.
How Redbrick Mortgage Advisors in Singapore work
We are with you from the beginning of your house hunting journey all the way until you sell off the property. It is not just a one-time transaction and you don’t hear from us after. By engaging our services (which does not cost you at all), you free yourself from all the tedious research and paperwork.
Other than just looking at packages offered by the different financial institutions, we also run through numbers for initial calculations based on your income profile to come up with an indicative figure for loan eligibility be it for a new purchase or to refinance your existing home loan. Shortlisting and review of the different loan packages thereafter are bespoke based on your preferences and needs.
We also handhold you through the whole loan application process and provide assistance with collation of documents required by the financial institutions. After submission of required documents, we will liaise with the shortlisted financial institution where you are taking a mortgage loan from on your behalf to ensure a smooth application process.
Benefits of engaging Redbrick Mortgage Advisors include:
– Ensuring a smooth and hassle-free application process
– Saving time and money
– Getting bespoke advice and services
– One stop solution
Choosing the Right Mortgage Advisor in Singapore
After knowing the benefits and importance of engaging mortgage advisors, the next question you would ask is: how do I choose the right mortgage advisor?
You would want to consider the years of experience that the mortgage advisor has. If you have a complex scenario, you will want to find someone with more experience. Experienced mortgage advisors are likely to have various solutions catered to your needs. This also means that they are more likely to assist in the shortest time possible.
Here are some questions you can consider asking when looking for the right mortgage advisor in Singapore:
1. Is the mortgage advisor from a large firm?
Mortgage advisors from larger mortgage advisory firms are likely to have more bargaining power with financial institutions. You can also check on the reviews they have received from their clients from their webpage or through social media. Furthermore, they are likely equipped with up-to-date training from the firm to ensure they are kept abreast of industry updates.
2. Does the mortgage advisor answer all your queries in detail?
Mortgage advisors who are just out to close deals may miss out on explaining the essential details which are crucial. This can lead to misinformed decisions which can be costly! It may also be a sign that they do not know the industry well enough and you definitely want to avoid working with such advisors.
