Insurers' journeys to build a mastery in the IoT usage
Mortgage advisor
1. Mortgage Advisor:
Withoutprovidingthe wholeamountof the property,youcanget the real propertybyfollowingthe
processof Mortgage. Mortgage isthe agreementbetweenthe twoparties.Mortgage loanisspecified
for the real property.Buyerpaysthe loanwhichhe has got fromthe lenderwithtime totime including
interest.Itispaidinthe formof installments.If the buyerstopstopay the loanor he cannotpay
anymore loan,thenthe propertycanbe sealedbythe bankand he will notbe gettingit.Lenderisgiven
the conditionallyrighttothe real propertyof the borrowerso that incase,if itfailstorepay the loan,
thenhe wouldhave itspropertyinhand.Mortgage isbasicallythe securityforthe lendersothathe
wouldnotlose itsloan. Residential mortgage is the mostbasicone.Bankhasthe claimoverthe real
propertyof the borrower.Incase, if the borrowerfailstorepaythe loan,bank can sell the house or
propertyto clearthe debt.Mortgage advisorcanhelpyouto decide the bestoption.Ithelpsyouto
choose the betterside.Mortgage advisorismore similartothe mortgage brokerwhichcan helpits
clienttochoose the bestcompaniesandfinance etc.Itis an intermediate personwhohelpsboththe
lenderandbuyer.Ithelpsinmanydifferentprocesses.Difference betweenmortgage advisorand
mortgage brokeristhe difference betweentheirexpertise andjob.The twopartiesinthe mortgage loan
can be individualsorbusinessesorcompanies.Mortgage advisorcanhelpinmanydifferentways.There
are differentkindsandtypesof mortgages.Eachtype hasits ownspecificationsandeachone of them
shouldbe usedaccordingto the situation.Advisorhelpsitsclienttochoose the besttype.Ithelpsto
reveal bothsidesof eachmortgage option.
Besidesall these instructions,mortgage advisorcangive advice onthe protectionof mortgage.Howit
shouldbe protectedtosave fromany disaster?Repaymentsandrefinancingisthe importantandwide
issue inthe mortgage.Advisorcanhelpoutinthisregard as well.Advisorcandiscussdifferentfinancing
aspectsas well withyou.Mortgage advisorcanhelpinthe applicationprocessaswell justlike mortgage
broker.Applicationprocessneedsconcentrationandknowledge tobe carriedout.Anyindividual whois
doingitfor the firsttime needsadvisormusttodo itrightly.
If you wantto become the mortgage advisor,itisneitherthe bigdeal.Anycustomerservice
representative inanybankcan leadtowardsthe mortgage advisor.Financial advisorisone stepahead of
the mortgage advisor.Youhave to pass the certainexamto become the specialistadvisorandthenthe
nextstepisfinancial advisor.While findingthe mortgage advisor,the mostimportantthingtobe
noticedisthat mortgage advisorshouldbe unbiased.Unless,youhave notsignedonthe paper,all the
informationisatno obligation.Youshouldnotfeel pressurizedatall while gettinginformationfromthe
advisor.