Work with a Mortgage Broker Tweed Coast
For consumers new to the housing market, using a mortgage broker Tweed Coast 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:
first home loans
variable rate home loans
credit card home loans
first home ownersWhat can the mortgage broker offer me that the direct lender cannot?
You can of course, apply direct to a lender, however you would not be able to consider the full range of options available, instead you would only have access to that lender’s services and products. Using a mortgage broker offers you more choice and often a greater chance of approval. A mortgage broker can also assist you all the way through the process, helping you right up until and including settlement.Responsibilities of a mortgage broker.
The main responsibilities of your mortgage broker are to offer you a range of options and then help you to get the best deal that is right for you. They will look at your financial situation, what your long term and short term property goals may be and then help you select the correct match of home loan. Your mortgage broker will also be able to guide you through the settlement process.How much will a mortgage broker cost me?
You do not pay the mortgage broker for their services. Instead, the mortgage broker is paid by the lender once the home loan settles. The interest that you pay on the home loan is usually the same as if you had gone to the lender directly. How much the lender pays the broker does not affect the cost of your home loan.Will a mortgage broker be able to help me negotiate with my current lender?
Yes, using a mortgage broker when negotiating with your current lender has many advantages. Firstly, if you are not comfortable negotiating yourself then your mortgage broker will be able to negotiate on your behalf, armed with their experience and knowledge of the home loan market. Secondly, the lender will know that the mortgage broker is working to get you the best deal and this can be a big advantage.