What is objectively the best mortgage?

A mortgage loan can be solved with a bank employee, a financial adviser or an independent mortgage specialist.

Can the best mortgage deal be solved with a bank employee?

The bank employee has one bank to offer you. Even if he or she knows the offered mortgage loan perfectly, it does not mean that it is the best mortgage for you. Sometimes the bank adviser is so smart that you are convinced that it is the best mortgage option for you and, feeling good about it, you want to immediately start the whole process. It’s great when it’s so...

Question: “Can a bank employee objectively evaluate whether the product offered is really the best mortgage option for you when he or she has only one bank to offer and is remunerated for the results of that bank?”

Is the best mortgage solved with the help of a financial adviser?

A financial adviser has contracts with several banks, mostly through a financial advisory company. The goal of such a company is more or less to have a complete portfolio for their clients. However, the financial adviser obtains clients with the intention to make a complete analysis for them, resulting in financial security for the client, through insurance and deposits into various funds that promise yields. Financial advisers also receive the largest amount of money and often also the subsequent commissions for these financial products. The mortgage often serves them only a door-opener to the client and they cleverly offer insurance with it. They deal with mortgage loans only when needed and they rarely do it professionally, as the mortgage takes a lot more time than insurance, and the commission for it is much lower than the premium for insurance.