More and more Australian homeowners are turning to a mortgage broker to help them better understand their options. With hundreds of different lenders and thousands of home loan mortgage products to choose from, finding the right home loan has never been more daunting.
Finance brokers also called credit advisers are well positioned to provide the answers and help you get the right mortgage products. In fact, half of all Australian mortgages are now arranged through a broker.
Mortgage brokers have access to a large network of lenders and as a result their clients have the best choice of rates and products. With a large network of major lenders to choose from, your broker can source your ideal mortgage option from banks, credit unions, non-traditional lenders and more.
Experts in our field
Mortgage brokers are specialists providing expert advice and guidance on mortgage products, interest rates and current housing market conditions. Their knowledge is derived from selling only mortgage and mortgage related products.
One stop shopping
Shopping at several banks can be frustrating, inefficient and extremely time consuming. Your mortgage broker can show you product offerings from a large panel of lenders with just one visit.
Preserve your credit rating
Rate-shopping on your own can actually be hazardous to your credit rating. Every time a lender checks your credit, an entry is recorded on your credit file. Too many enquiries and your credit rating can weaken, possibly affecting the rate and terms of your mortgage.
A Mortgage Broker offers personal attention
Mortgage brokers are able to work one-on-one with each individual client, evaluate their specific needs and find a lender that suits them personally. You will ultimately receive a mortgage plan that is customized for you and meets your unique requirements.
A free service
The services of a mortgage broker are at no cost to you. In general, the lender pays a commission to your broker for the services and solution provided and this is always disclosed to you.