We all aspire to the nice things in life but rarely do we find the ideal job that gives us job satisfaction. Before deciding on any career, you have to identify your strengths and weaknesses and decide on what career path you want to follow. Having decided that you would like to pursue the mortgage advisor career, you need exposure. The more potential employers that you can meet and talk to, the better the chance of finding that mortgage advisor job.

The mortgage market is a recession proof business, as when times are good and consumer confidence is high, people tend to borrow for cars, holidays, home improvements and many other things. Then, when consumer spending has peaked and the economy slows down, many people experience difficulty repaying their debts and meeting their other financial commitments. In such circumstances, it is often necessary for them to consolidate their debts into one lower monthly repayment by remortgaging. Remortgage clients, debt consolidation, raising capital for home improvements, financing the purchase of holiday homes are all solutions that a mortgage advisor will be able to provide and it will keep them very busy in times of recession.

* Are you intent on being successful?

* Are you determined to become a high earner?

* Would you like to be in charge of your own destiny?

* Do you think that you would enjoy helping people with their finances?

Most mortgager advisors working for banks, building societies and estate agents work on a salary plus a bonus system and the employer keeps the bulk of the commission income generated from the sale of mortgages and insurances. The packages on offer to the employed UK mortgager advisor can range from a minimum of £15,000 pa plus car and bonuses, to £35,000 pa plus car and bonuses, dependent upon what part of the country you work in.

The self-employed mortgager advisor however can determine his/her own income but this can depend on a number of factors.

· How skilled are they?

· Do they arrange insurances?

· Do they and can they charge a broker fee?

For the right person the job of a mortgager advisor can be extremely satisfying and for the successful once the world is their oyster as the opportunities are endless. Let your imagination run away with itself and picture the nice house, the quality car, the white sands on holiday and the clothes that you have always dreamed of.

For the inexperienced individuals who cannot expose themselves to the potential employers there is help available. Employment agencies, referral systems and inside knowledge are all areas that will help the determined mortgager advisor job seeker.

As the Marketing director of Money Marketing Limited a UK company that trains budding mortgage advisors to CeMAP standards and beyond, we have established a number of UK contacts with potential employers and employment agencies to help our CeMAP training delegates to find mortgage advisor jobs within the UK mortgage market.

If you would like help with locating the ideal mortgage advisor job, we have access to over 1400 mortgage advisor jobs in the UK. Visit our website at http://www.mortgage-advisor-jobs.co.uk or contact Helen on 01254 686111 for more information about mortgage advisor jobs

Article Source: http://www.superfeature.com

The author is the Marketing Director of Money Marketing Limited a company dedicated in helping individuals in becoming a mortgager advisor with CeMAP training courses and then assisting them in finding mortgager advisor jobs

Gone are the days when we took out a mortgage and stuck with it for life, until the debt had been completely repaid. The remortgage market is big business these days, and taking a look at the options available could considerably improve your finances. What are some of the reasons for considering switching your mortgage?

1) Get a better deal: Are you sure that your current mortgage is the best one you can get? The market is very competitive and mortgager providers are desperate to attract new business, usually by offering special deals to people who switch their mortgage over to them. As well as aiming for a lower interest rate and lower monthly repayments, remortgage could net you other benefits such as cash back, free home insurance, or other valuable extras depending on the deal.

2) Lock in a low rate: Interest rates are at historic lows, even taking into account the recent rise. Many experts are predicting that rates will begin to rise again over the next few months and years, leading to more expensive mortgages. By replacing your variable rate mortgage with one that has a rate fixed for a few years, you can protect yourself against future rises in the interest rate.

3) Release equity: As house prices have gone through the roof over the last decade or so, many people find that they are sitting on a large amount of equity in their home - the difference between how much their house is worth and what the outstanding mortgage balance is. Taking out a remortgage that will pay off your current mortgage and also give you some extra funds is an effective way of unlocking some of this stored wealth, providing you with the funds you need for home improvements, a holiday or wedding, or any other large expense. It is often cheaper to raise the money with a remortgage than by, for example, taking out a personal loan.

4) Debt consolidation: It's well known that the public as a whole are in debt to a level never seen before, with easy access to relatively cheap credit providing the temptation to 'live now and pay later'. Nonetheless, the money has to be repaid at some time, and credit cards and the like aren't an ideal way of obtaining long term credit. Taking out a remortgage large enough to cover both your mortgage and your other debts will simplify your finances, leaving you with a single monthly repayment to make, which will usually be for a smaller amount than your total repayments at the moment.

5) Change your mortgage type: People's circumstances change over time, and what might have been an ideal mortgage a few years ago when you took it out might not be the most suitable for your current needs. Maybe you want to switch from an interest-only mortgage to a capital repayment one, or you might want to take advantage of some of the more recent features of mortgages such as flexible payments or offsetting - a remortgage can give you the chance to get a deal more in tune with your current circumstances.

Bearing all the above in mind, a remortgage might seem like an ideal way forward for restructuring your finances. It's important to remember though that the decision to remortgage is not to be taken lightly, as you could potentially be putting your home at risk if you get it wrong, and so it's essential to seek the advice of a properly qualified mortgage advisor if you are in any doubt.

Article Source: http://www.superfeature.com

Nicholas Hunt is a contributor to 1Stop Finance UK, your source for remortgages, mortgager and homeowner loans.

When it comes to home equity loans, there are mainly two different options: A second mortgage loan or a home equity line of credit. The following article will explore the reasons why a second mortgage is a much better choice than a home equity line of credit in most occasions and especially given the current market conditions.

Second Mortgage Vs. Home Equity Lines of Credit

A second mortgage loan is just like a regular mortgage loan, it is a secured loan guaranteed by the same asset as the first mortgage and holds an interest rate that can be fixed or variable. The flexibility regarding the interest rate type is the distinctiveness we will focus on in this article.

Home Equity lines of credit on the other hand, let you borrow and repay as much money as you want till you reach certain limit fixed by the remaining equity on your home. However, once you repay part of the money borrowed, you can borrow again without requesting a new loan. This revolving line of credit is not as flexible when it comes to interest rate type. Equity lines of credit ALWAYS come with variable interest rate.

Interest Rates, The Key Issue

Interest rate is always an issue to be taken into account. When in times of low interest rates, one tends to forget about it and concentrate on other benefits; however it should always be the center of our attention when considering the possibility of applying for a loan.

Certain recent events have proved that the above is true. Those who are stuck with a variable interest rate loan are now regretting their choice since in the past months, the interest rate charged has been escalating dramatically. And nothing seems to suggest that this trend is coming to an end in the near future.

Those who have selected fixed interest rate loans are praising themselves for being so conservative and they deserve the praise. They are saving thousands of dollars in interests while at the same time having the confidence that their monthly payments will remain static for the whole life of the loan.

Summing up

As explained above, home equity lines of credit do not offer the possibility to select a fixed interest rate, so you are always risking the possibility to end up paying a higher interest rate due to changeable market conditions. And given the current state of affairs, with this interest rate increasing trend, the home equity line of credit option doesn’t seem the way to go.

Thus, second mortgage loans are the best option for you. You can simply borrow just the amount of money that you need or you can always borrow a bit more, as long as you can afford it and keep it in a savings account if you plan to use it in a near future. Second mortgage loans are the right option if you are considering home equity loans especially due to the instability of current market conditions that can skyrocket interest rates at any time.

Richard Revis is an expert in the financial industry and knows exactly how to aid you in getting approved for the loan or credit card you need. He has helped a lot of people to obtain personal loans, home loans, car loans, unsecured credit cards and many other products regardless of their credit situation.

Though it may seem impossible, refinancing your home loan after going through bankruptcy is feasible as long as you can meet certain requirements. Finding the right lender is however, a challenging task.

Refinancing After Bankruptcy is Possible

Refinancing a home mortgage is probably one of the few financial transactions that someone who has gone through bankruptcy can achieve within a small period of time after the bankruptcy has been discharged. Since a mortgage loan is secured by an asset, the usually extremely low credit score bared by someone with a bankruptcy in his credit report isn’t that detrimental.

Raising your Credit Score

Moreover, refinancing a home loan is an excellent opportunity to raise your credit score and improve credit history. The monthly payments you make will be recorded into your credit report and this will contribute to a continuous increment on your credit rank.

However, since you won’t be able to apply for a refinance home loan till six months after your bankruptcy has been discharged. You need to work hard during this period in order to build a good credit history so as to make sure you get approved for your refinance home loan.

Getting Ready for Applying

In order to do so, you need to make all your payments on time including your current home loan installments. This is essential since any late payments or missed payments may be an obstacle between you and your refinance home loan.

If you haven’t done so yet, open a bank account, either a checking or savings account and get a credit card. If you can’t get approved for an unsecured credit card, don’t hesitate, apply for a secured credit card and start using it and making regular payments. All this will help you build a healthy credit history and will ensure you get approved for a refinance loan.

Search for a Lender and ask for Loan Quotes

The search for a suitable lender is the main task you need to complete. You can refinance with the same lender that is currently handling your home loan, but don’t stick to the first offer you receive. Request loan quotes with every lender you run into and even request online quotes as you’ll be able to get much better deals this way.

Pay attention to Interest Rates and other fees

You need to pay special attention not only to the interest rate and fees charged by the lender that will refinance your home loan, but also to any punitive fees that your current mortgage loan lender may charge for pre-cancellation of your loan. These fees and costs may turn refinance too onerous to even consider the possibility.

You may have to pay a slightly higher interest rate since you’ve got a bankruptcy on your credit report, however, don’t let lenders take advantage of this situation. This kind of loan is secured by collateral so there is no reason to charge high interest rates, no matter how low your credit score is.

Richard Revis is an expert in the financial industry and knows exactly how to aid you in getting approved for the loan or credit card you need. He has helped a lot of people to obtain personal loans, home loans, car loans, unsecured credit cards and many other products regardless of their credit situation.

By refinancing your mortgage loan you can not only reduce your mortgage monthly payments but you can also get extra money for paying off other outstanding loans, credit card balances and bills. By refinancing you will get a single and lower monthly payment.

What are the benefits?

Refinancing your home loan has many benefits. For starters, you can get a lower interest rate and thus a lower monthly payment. If the market conditions have improved since you were granted your current home loan, chances are that you will be able to get a refinance home loan with a significantly lower interest rate and thus, you’ll be able to save thousands of dollars throughout the life of the loan.

If this is not your case or if your credit score does not allow you to get a competitive interest rate, you may still want to get your monthly payments reduced. To do so, you can request an extension on the refinance loan length so you’ll have more monthly payments due but considerably lower ones.

A refinance mortgage loan is basically a home loan that is requested with the sole purpose of paying off the outstanding mortgage loan in order to get more suitable terms to satisfy the borrower’s needs. However, it is possible to request a refinance mortgage loan with a loan amount higher than the remaining of the outstanding loan. With the extra money which is secured by the equity you’ve built on your home, you can do whatever you want.

This type of refinance loan is known as cash out refinance loan and has become increasingly popular since its appearance about twenty years ago. As stated above, there is no particular use for the extra money you can get with these loans but in this article we intend to suggest a use that can be extremely beneficial.

Consolidate your debt with a Cash Out Refinance Loan

Once you get approved for the refinance loan, your outstanding mortgage will be immediately paid off with the main portion of the refinance loan amount. If you use the remaining of the cash to cancel all the other debts or at least as much debt as possible, you will be consolidating all or almost all your debt into a single loan with lower interest rates and lower monthly payments.

This procedure can save you thousands of dollars in interests. Think about the high interest rates charged by credit cards, unsecured personal loans, store cards, payday loans, etc. All this high interest rates, fees and costs will come to an end and you won’t have to worry any more about missing payments or paying late. You’ll only have to remember about a single loan payment.

As you can see, consolidating your debt with a refinance home loan will not only reduce your debt and monthly payments but it will also bring peace of mind to your life, it will bring to an end those sleepless nights and harassing calls from debt collectors. It is definitely a win-win situation, just make sure you get enough loan quotes from different lenders in order to select the best offer available and keep an eye on the small print.

Article Source: http://www.superfeature.com

Richard Revis is an expert in the financial industry and knows exactly how to aid you in getting approved for the loan or credit card you need. He has helped a lot of people to obtain personal loans, car loans, unsecured credit cards and many other products regardless of their credit situation