The risks of applying for a mortgage loan without advice

Buying a house or apartment is an extremely important process for your assets, and you wouldn't want anything to go wrong. That's why getting advice to choose the right mortgage loan is crucial. Doing it on your own involves several risks because very few people are familiar with the details of mortgage loan products and processes in depth. Here are some of the risks you can avoid if you approach one of the advisors at Tu Hipoteca Fácil.

Unfamiliarity with the process

Applying for a mortgage loan and buying a house is something we do only a few times in our lives, and there are many details that we may overlook without realizing it. Without the support of a mortgage advisor from Tu Hipoteca Fácil, you may make mistakes that could delay your approval process, lead to the rejection of your loan application, or end up paying unexpected financial costs.

With the support of our advisors, they will explain all the details of the mortgage loan, such as interest rates, insurance, capital amortization, and payment details, among others, as well as guiding you through the entire process, so you are fully aware of all the important aspects of this significant asset-building process.

Deceptive non-bank institutions

Unfortunately, there are still financial institutions today that offer quite bad mortgage loans but mask them with marketing strategies. These so-called "miraculous" loans start with fairly accessible conditions, but over time, they become much more expensive or difficult to repay, becoming a tremendous headache for the applicants.

The advisors at Tu Hipoteca Fácil are well aware of these types of institutions, so we eliminate any bad loan options right from the beginning and only offer you the best available choices in the market.

Choosing a not-so-good option

There are mortgage loans that are not considered deceptive or miraculous but are not the best option for you or even the best option available in the market. Without the support of a financial advisor, you might choose a loan with a variable interest rate or with a duration longer than 15 years, which is not recommended.

If you go through this process with a mortgage financial advisor, they will find a mortgage loan with the best available conditions in the market for you.

Remember that at THF, we offer free advice to help you start building your assets today. Schedule an appointment on our official website www.tuhipotecafacil.com.