Review: mortgage broker St George
For consumers new to the housing market, using a mortgage broker St George can help you to understand the home market before you make your purchase. A mortgage broker can introduce you to different lenders and many different products, therefore allowing you to look at all the options in a cost-effective and organized fashion:
interest only home loan
no doc home loans
redraw home loans
home buyers grantI already have a good relationship with my bank. Why use a mortgage broker?
Firstly. when using a mortgage broker you have access to many different lenders thus giving you more options and a greater chance of approval. Going directly to one lender limits the options. Secondly, many mortgage brokers can come to you any time, even after hours. And finally, a mortgage broker can save you time by looking into all the lenders and products on your behalf.What does a mortgage broker actually do?
Your mortgage broker will work for you to find the best loan for you according to your financial situation. They will consider your financial needs and situation and then match as closely as possible from their pool of lenders which may include banks as well as other major lenders. They will also help you through the settlement process.My mortgage broker didn’t charge me for their services?
Mortgage brokers work on a ‘contingency basis’ and are paid by the lender when the settlement is completed. You pay nothing to the mortgage broker for their services. Regardless of what the lender pays the broker, you will not pay a higher interest on your home loan.Will a mortgage broker be able to help me negotiate with my current lender?
It is always better to get someone to negotiate for you if you are unsure yourself. A mortgage broker will have much more knowledge than you may regarding home loans and therefore is highly likely to be able to help you get a better deal with your current lender.