Since 2013, banks and mortgage advisors have had to pay the costs of mortgage advice directly to the consumer instead of incorporating it into the mortgage interest. This allows consumers to immediately see how much they have to pay for mortgage advice and moreover they can compare the costs of different advisors. If you compare these costs, you will soon notice that independent mortgage advice costs much more than advice from a bank. Is this independent advice a good choice?
Independent mortgage adviser
Whether independent mortgage advisers now work independently from their own small business or are affiliated with a large mortgage adviser, they never work in the interest of a particular mortgage lender. They look at your financial situation, the expectations for the future, your spending scope and your wishes for the mortgage. Based on this data, the adviser can calculate your maximum mortgage and advise the mortgage that suits you best.
You can follow this advice and arrange things through the mortgage adviser, such as an offer from the mortgage provider. If you decide to take out a certain mortgage, you pay the mortgage costs separately to the mortgage provider.
If you opt for advice from the mortgage provider, he or she will also review your financial situation and link up with the mortgage advice. But he only advises mortgages from the bank for which he works, so there is a good chance that you will not end up with the lowest mortgage interest rate.
If you ultimately take out a mortgage, you pay the closing costs separately
Tip! With a mortgage it is best to also take out a term life insurance policy. Banks and independent advisers also charge closing or brokerage fees for this. So compare these costs also before you decide how to close them.
Independent mortgage advisor costs
An independent mortgage adviser charges more costs than an adviser from the mortgage provider. These costs quickly differ by around 1,000 euros, depending on the consultant. But in the end you save on mortgage interest again and often this difference in mortgage interest easily compensates for the higher costs. That way, with the more expensive advice, you are even cheaper.
At most banks and at most independent mortgage advisors you can conduct an intake interview free of charge. This way you can already make an estimate of which option is the cheapest for you. You can also request quotes from the various advisors to compare costs.