Using a mortgage broker Portarlington
If you are new to the home loan market, or looking to make changes to your lifestyle, a mortgage broker Portarlington can be extremely useful. They can help you understand the home loan market and introduce you to many different lenders and their products. Your mortgage broker can offer you well researched products and access to affordable home loans:
- professional home loans
- no doc home loans
- interest only home loan
- home grant
Do I need a mortgage broker? Why can’t I just go direct to the lender?
Using a mortgage broker gives you more options. Through the mortgage broker you will have access to many different lenders and hundreds of products. If you applied for a loan directly with a lender, you would be limited to only their products and services. Often a mortgage broker can visit you in your own home, sometimes out of office hours, therefore saving you time and giving you more flexibility.
What role will the mortgage broker play in my loan request?
Mortgage brokers work to find you the best match between your situation and their panel of banks and other major lenders. They will look at your personal financial situation and then look at the deals that have the best features and the lowest price. They are also there to help you through the whole process, from the beginning, right up to settlement.
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.
What if I already have a loan with a my bank or lender?
Negotiating with your current lender can make some people nervous. A mortgage broker can use their knowledge of lenders plus experience to negotiate the best deal for you, even with your current lender. Your lender will know that it is the broker’s job to get you the best deal, and this can be a big advantage.