Why Use a Mortgage Broker?

by | May 25, 2023 | Mortgages

What is a mortgage broker?

Mortgage broker: an intermediary who matches home borrowers with potential lenders in order to obtain the best possible mortgage terms for the borrower.

Fiduciary relationship

But a mortgage broker is so much more than that. A mortgage broker is someone who will always have your best interest front of mind and go above and beyond what typically a regular financial institution can offer you as a consumer.

Reasons to use a mortgage broker

The mortgage broking process is quite simple. We ensure that we handle all the legwork for you, so you can focus on the exciting parts of purchasing your new property.

When engaging a mortgage broker for the first time, they will use this opportunity to gain all the relevant information required to properly understand the situation. They will work with you to uncover what you want to achieve not only in the short term, but in the long term as well.

Using this information combined with our product and industry knowledge, we then search our panel of 40+ lenders and narrow down 3 of the most suitable products to your situation. The benefit of this is that you are not restricted to one lenders products or solutions, as we have access to a wide range of products on the market to suit your situation. We run through these options with you in depth, field any questions you may have and come to a decision on which one you would like to move forward with.

We then handle everything throughout the application stage. Typically, we would have already obtained all the necessary documentation required, so we can handle the liaising with the lender all the way through till your loan becomes unconditionally approved.

But your relationship with a mortgage broker should not end here. Once your loan has settled, our post-settlement process begins. We understand that as you progress and grow through life, your requirements and objectives change as well. We believe that a good broker should be here with you throughout the journey, and help you grow into your future goals. Whether that means upsizing into a family home, a forever home, an investment property or downsizing for retirement, we aim to assist you on that journey all the way through.

Conclusion

Overall, we as brokers understand that purchasing a property is usually the largest financial transaction an individual will make, and everyone should have someone in their corner fighting for them to get the best possible outcome. If you are ready to discuss your goals or ambitions in the property market, and want to learn more about your potential, feel free to reach out for a chat with us.

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