Why talk to a Balgowlah mortgage broker?

It all comes down to more choice and the satisfactionthat you found the best home loan available. Most people know that a bank, such as NAB or Adelaide Bank is going to tell you all about the loans that they offer, and they aren't going to tell you about a better loan from another lender.  Compare that to a mortgage broker who knows exactly what each bank is offering, and talks to non-bank lenders too, comparing each home loan product carefully to see which ones really are the best choice for you.  This saves you valuable time, as your broker does the hard work for you, leaving you more time to find your dream home. Especially when considering first home loan.

 What is a Balgowlah mortgage brokers’ role?

The mortgage broker’s role is to show you what home finance is available from a panel of lenders including banks and non-banks lenders like Adelaide Bank and CBA and then help you choose the right home loan.  Your mortgage broker ca also help get it approved, settled and stay in touch afterwards. A good mortgage broker will also monitor your changing circumstances and the effect of interest rates and economic influences on your financial situation.

What do Balgowlah mortgage brokers charge for their service?

Generally, it costs the client nothing to see a mortgage broker.  Mortgage brokers so not charge for their services, instead they are paid a commission by the lenders.  This commission does not result in you paying more, the rate on your home loan is not affected by the commission paid to the broker.  All commissions should be disclosed to you along the way.  Good mortgage brokers are not influenced by these payments, instead they seek to get the best mortgage for you.

Why go to a Balgowlah mortgage broker instead of direct to a lender?

Wouldn’t you rather spend your lunch breaks actually eating?  Do you have weekends free to spend glued to the internet comparing prices, or out visiting dozens of lenders?  By using a mortgage broker you save yourself having to call, visit and compare dozens of lenders and their products.  A good mortgage broker will listen to your financial goals, consider dozens of home loan products then find the best matches for you.

Can a mortgage broker help me with my current lender?

If you already have a home loan and are curious as to whether you can get a better deal, you should be talking to your mortgage broker.  They can source and compare various other home loan products to see if there is another loan that would suit you better, taking into account every part of the loan such as fees, charges and added features, not just the interest rate.  It’s not worth changing your home loan for another that has a lower rate if it ends up costing you more in the long run due to fees or ‘hidden’ costs.  Your mortgage broker is experienced in the finer details of home loans and therefore is the best person to be scrutinising your mortgage.