Mortgage is a special application required to make things possible. Different finance products are available in the market, so that customer requirements can be satisfied. It is a wide market comprising different progressions which should be necessarily met by the experts called mortgage advisor. The finance consultant is a person who offers advice or solutions on various problems faced by the customers. There are different types available to meet different customers.
It is a product where the customer will be charge fixed interest rate for the package obtained from any financial institutions. This type of package carries one major advantage that the customer can pay the same interest though the rate has been increased in the market. But the case reversed, if the rate gets decreased. If the CeMAP mortgage advisor is consulted, then suggestion will be provided whether the product chosen is right for the customer.
When variable rate is chosen, the client is required to pay the standard variable rate of interest. Almost every finance product carries interest structure which differs accordingly as per the fluctuation of the market. Sometimes, the rates may drop off and the payment will be made properly and vice versa. The flexible loans are also a kind of product designed to alter the repayments which suits the situation. This type of package charge interest daily or monthly basis, so that low class customers get satisfied from the service offered. In discount rate package, the interest rate is set for a specified period.
It is the obligation of the mortgage advisor to offer the special consultation to the clients on various situations and services. To offer the special consultation regarding financial assets, instruments, interest rates, solutions for the problem faced on credit and on different aspects, CeMAP training is required. Today, more number of people started joining the CeMAP training offered by the recognized institutions. Specific course of training will be provided for the advisor regarding various aspects, so that the consultant can offer effective training to the customer. The CeMAP exams are conducted for the trainees in an organized method covering required syllabus, mortgage updates and interest rates and still more. So, the service of mortgage advisor is more important and it is definitely need to be served.
