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A mortgage feasibility consultant's job is to ensure that the mortgage plan you have decided on with your bank and the loan you have taken out to buy a house, business, or land is within your economic means. Among other things, the consultant may assess your financial capital; broker a better deal with your bank, or examine available lenders to make sure you receive the best possible rate for your mortgage. A mortgage feasibility consultant might be able to tell you if refinancing is an option, or may know about market fluctuations that might jeopardize your investment. The mortgage consultant will discuss with you your equity and solvency, and negotiate deals with the lender, especially in cases of bad credit. Usually it is free to meet with the consultant, as they take their fee only after you have closed a deal with the lender.
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