At Gap Equity Loans, our lenders generally do not lend on raw land without significant…
More homeowners in Costa Rica are turning to mortgage brokers to help them better understand their options. Here’s why.
Here are 8 Reasons to Use a Mortgage Broker in Costa Rica!
If you go directly to one lender, you will only be offered one option. Mortgage brokers have relationships with several different lenders and are knowledgeable in each lender’s range of options. The more lenders you have competing for your home loan, the more you can save. This is especially important these days when the banks are saying “no” more often.
Mortgage brokers are specialists who can provide expert advice and guidance on mortgage products, interest rates, and current housing market conditions. They know what needs to be done, they make sure it happens and because it’s their own business, they’re in for the long haul.
Independence and Objectivity:
Mortgage brokers work for you and can make objective and impartial recommendations on financing solutions through many lenders. A mortgage broker is a trusted advisor who provides unbiased advice on your financial options. Brokers are committed to you in the long-term.
Access to the best rates:
A lower rate can save you thousands of dollars over the life of your loan. Mortgage brokers have many lenders trying for their business and as a result, you are more likely to receive a lower rate.
Mortgage brokers act in your best interest and do all the negotiating to secure competitive rates and terms that borrowers could never achieve on their own.
Time and energy:
Shopping for a lender can be frustrating and extremely time-consuming. Mortgage brokers can shop dozens of lenders in the time it takes you to find one private lender on craigslist.
Mortgage brokers work one-on-one with each individual client, evaluate their specific needs and find a lender who suits them personally. Brokers specialize in home equity loans and are commission-based, so it is in their best interest to get you the best rate possible, or they don’t get paid.
Mortgage brokers help their clients complete and submit the necessary paperwork and documentation required by the lender. As well, the broker can walk you through all the steps leading up to the closing of the mortgage transaction.
If you’re looking for the best home equity loan in Costa Rica don’t leave it to chance, complete our simple online Loan Request Form for a free evaluation today.