Mortgage broker Camberwell and my home loan.

So, you have decided to buy a house, maybe in Camberwell?  You think you know where you want to buy and how much you want to spend….  Using a mortgage broker will give you access to dozens of different lenders and hundreds of products and services.  Your mortgage broker will be able to help you understand the decisions you make because they usually deal exclusively with mortgages and have a vast knowledge of the home loan market:

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.

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.

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.

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.