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Hi Guys this is Avi from RedTie Mortgages
today we're going to talk
about Credit Guide
the credit guide is a document which is
send to you
as soon as you're going to take out a financial
advice. Broker has to send it to you once the
loan interview is over
or you've decided or he has
decided to give you a financial
assistance or advice so let's say the
loan interviews been done so you're
happy to go with your broker, so you have
you have built a trust and you like the
way he thinks and understands your
needs,what you want.It's important for
the broker to send it to you. It is going to
explain to you, who you're working with with! what company
you're dealing with and the aggregator
so next you will see a privacy statement
the privacy is very important these days
as we all know you might be getting
random calls from some mobile people who
are trying to sell you anything
that's where your information has gone out
from somewhere or they have acquired information from some source
it is very very imperative and important for the company
to keep your information private. No
point anytime we are going to share your
information with the third party. We assure you that your
information is safe we can only only
contact you in case we just want to
update your details
oh you can give us a call
if you want to tell us that you have
moved from you know your previous
address so that we can send you the
correspondence if needed to the right
address
apart from that in the document you
will see 'loan unsuitable'. As I talked
in the earlier video in the loan
process, what is 'loan unsuitable' is that
again the broker has to do a preliminary
assessment to make sure that you fulfill
the purpose of the loan. Simple as that and once
that's done you will see the
dispute resolution, how are you going to
do the grievances and all that so this
is a whole one paragraph on it that
tells you that so if you have a
grievance with your broker you contact
them. You have the address
website to go to and the phone
number for that. So brokers' responsibility
is to make sure that he ID checks you
To make sure that he is providing the assistance to the
right people and check the documents
That he has all the documents that are
needed and they are legit. So credit guide
outlays the basic processes before you
take out the loan. The most important of document
is the Fact Find. In our next video we will
talk about how you are going to fill the fact find correctly and why the information
provided in that document needs to be
very clear, to the best of your knowledge do
not forget to SUBSCRIBE, LIKE , SHARE
& COMMENT on this video. Till then be happy and
financially
Thank you