What does a mortgage broker do?
We sometimes get asked what, exactly, a mortgage broker does – and, no, it’s not a silly question.
As your broker, I provide expert loans advice and represent your interests with lenders. That means I:
Take the time to understand your unique personal circumstances
Compare home loans for you – including interest rates, loan features and fees
Explain the pros and cons of different lenders – including their processing times and customer service
Recommend lenders and loans that suit your unique scenario
Negotiate with lenders to help you get a competitive interest rate – and possibly special discounts too
Advise you on how to structure your loan
Maximise your chances of approval by presenting the loan application in a way that’s tailored to that lender’s unique requirements
Manage the loan application process on your behalf, saving you time and stress
As you can see, brokers do a lot of work on behalf of borrowers, using their technical knowledge and spending whatever time it takes to get the right outcome. Best of all mortgage brokers are paid by the lenders so you do not need to pay for our professional services.
If you have any questions about the home loan process, give us a call.