Why talk to a Merriwa mortgage broker?

It all comes down to more choice and the securitythat you found the best home loan available. Most people know that a bank, such as Citibank or St George 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 home buyers grant.

 What is a Merriwa 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 St George 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.

Will it cost me anything to talk to a Merriwa mortgage broker?

The service provided by most brokers is generally free to borrowers, as the broker is paid by way of commissions and fees from the lenders. This allows people to have access to a professional mortgage broker without having to pay the broker for the services they provide. Regardless of what commission the broker is paid, you will not pay more on your home loan.  However, a professional and honest broker should always declare their commission to borrower.

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

If you go directly to the lender they will only promote their own products giving you less choice.   Mortgage brokers have access to a greater range of lenders and products for consideration.  Good mortgage brokers can also assist in the application step and negotiate a better deal with the lender on your behalf.  So whether you are buying your first home, or looking to invest in a second property, or simply looking to release some of the equity in your existing home, a mortgage broker can be your best chance of getting a great deal.

I am pretty happy with my current bank

Mortgage brokers are experienced in all types of negotiations and as they deal with mortgages every day, they know what each lender can typically offer.  Your current lender will already have all your details and credit history, so your mortgage broker can talk to your current lender and see if any new home loan options are available that would suit you.  Sometimes changing your mortgage comes with fees and charges, and your mortgage broke will be able to talk you through these to make sure it makes financial sense to renegotiate.  Circumstances change, and from time to time people do need to change the terms on their home loan.  Mortgage brokers understand this and work on your behalf to negotiate a great new home loan for you.