Why talk to a Middle Park mortgage broker?

You can save yourself a great amount of time, effort and frustration by using a independent mortgage broker. Trying to decide what type of home loan, and which lender to choose, is a big decision as a mortgage is usually a lot of money.  A mortgage broker can help sort through the loans available, from lenders such as Commonwealth Bank or St George Bank and find one that will match with your circumstances and financial goals.  When it comes to getting approval, having an experienced broker on your side will work in your favour.  A mortgage broker can track your application, chase up any extra paperwork needed by the lender, as well or organize settlement on your behalf.  And once settlement is completed, your mortgage broker will continue to track your mortgage and notify you when new products become available on the market that may benefit you. Basically, a good mortgage broker is your home finance contact for life.  Especially when considering first home buyers loan.

What does a Middle Park mortgage broker actually do?

Put simply, a mortgage broker works to find you a mortgage that will be competitive, yet still suit your life.  A mortgage broker knows the lowest interest rates, which loans offer the best features and knows some great tactics for paying off your home loan faster.   It is their job to locate home loans every day, to keep on top of changes in the market and offer you the best chance of getting a great mortgage.

How much will it cost me to use a Middle Park mortgage broker?

The services of a mortgage broker are usually free, instead brokers are paid a commission by the lenders.  The rate on your home loan is still the same regardless of the commissions paid to the broker so you can be sure you will not pay more on your home loan.  This means that you can get assistance with your home loan application, whilst still be confident that you are getting a competitive home loan.

Broker or 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.

What if I want to re-negotiate my existing mortgage?

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.