There are many ways to go about getting a mortgage loan through companies that specialize in financial advice if you are one of the many Americans in debt or simply low on cash. Many Americans have money tied up and are trying to find the best way to invest, how to save for retirement, or how to budget properly. The bottom line is: your personal finances are nothing to toy around with Lukas Lindler. Here are some tips and tricks on how to go about seeking financial advisory services that can land you suitable mortgage loans.
First, many banks offer financial advisory services to their members, but it would help to call ahead of time to find out exactly what they specialize in. This should happen after you have decided about exactly what you need counsel with in terms of a loan and if that is something with which your bank can assist. It’s very important to determine what you own, all of your assets, and any debts, all while keeping in mind what you can afford for your future. These could be any decisions that include you and your spouse’s joint bank accounts, stocks, bonds and mutual funds, other loans, investments, credit card debt.
One of the easiest ways to find financial advisement is to consult the National Association of Personal Finance Advisors. NAPFA is a professional association of Fee-Only financial advisors. This website has a list of advisors who have passed their screening services which should help customers distinguish between good advisors and not so great ones—and they might even help you avoid some of the scams out there on the market. Utilizing this list may just lead you to a financial advisor who can advise you on mortgage loans.
Another way to find financial advisory services is to run an ADV background check through the U.S. Securities and Exchange Commission for specific advisors in the area. Once you have found a few that hold CPAs, for example, make sure those specific consultants have had at least a few years’ experience in the type of advisement you’re seeking – in this case, mortgage loans. Performing this research will prevent you from wasting your time with inexperienced advisors or advisors who are more experienced in one area than another.
It’s important to do as much research on these facilities and others that are available in in your area. Face-to-face meetings are always the best so that the facilities and trust of your financial advisor can be experienced firsthand. Finding out the background of your advisor by requesting a CV, resume or portfolio summary is a perk you may want look out for when choosing a financial advisory service be they an individual or giant firm. This information should be available and easily accessible—one sure sign the firm is closer to reputable practice than not.