In  finances , Independent Financial Advisors (IFAs) have been used by many people instead of mortgage brokers. The primary reason because of this is that you will find a crossover between the services they offer.IFAs and mortgage brokers usually receive their qualifications from exactly the same few training institutions. When a person receives their qualification in another of these fields they just need to complete a reduced number of exams to receive another qualification.That is one indication that mortgage advisors and IFAs undertake similar activities.Because mortgage repayment costs account for the largest expense in a normal household, getting the right product sometimes appears as a required element to prudent financial planning.It is for this reason, more than anything else, that people have already been embracing their financial advisor to source the right mortgage deal because of their needs. Many IFAs will have completed the qualifications and training essential to become a mortgage broker and will be able to assist their clients in obtaining a home loan easily.Mortgages may also be interlinked with insurance. Interest only products will usually require some sort of insurance to cover the function of the mortgagor being struggling to meet their obligations due to accident, sickness, or unemployment.IFAs have an in-depth understanding of the insurance market and may therefore offer advice such matters when a client applies for a home loan with them. Many mortgage brokers also offer insurance products to their clients being an additional service.Even though your IFA will not offer a mortgage broking service, it is likely that they will have the ability to refer you to someone who they regularly put their clients' business through.However they frequently do offer both services so if you already have an IFA and are looking for mortgage advice, it could not be essential to look for the services of a separate mortgage broker.