Using a Seaforth mortgage broker

When arranging a mortgage without specificadvice, many people are so eager and they may take shortcuts and fail to fully understand the contract they are signing.  This can result in not knowing whether they are getting value for money. Often they are disappointed when their home loan doesn’t give them what they wanted, or they are caught out by hidden fees.  Using a mortgage broker gives you the peace of mind that the home loan you choose will work and can provide advice and assistance to make sure you are properly protected.  Especially when considering first home owners loan.

What will my Seaforth mortgage broker do for me?

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 Commonwealth Bank 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.

Why don’t Seaforth mortgage brokers charge for their services?

The services of a home loan broker are free.   Instead, brokers get paid commissions by the lenders.  The amount you pay for your mortgage does not change, no matter what the commissions are.  You pay the same as if you had gone directly to the lender yourself.  And reputable mortgage brokers are not influenced by the commissions offered by a lender, instead they work to offer you unbiased advice.

Can’t I just go directly to my bank?

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.

Want to negotiate a better deal with your 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.