Mortgage Broker Melbourne CBD
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What is a mortgage broker and what does a mortgage broker do?
A mortgage broker is a person that arranges home loans between borrowers and lenders. A good mortgage broker will take the hard work out of the process and negotiate on behalf of the customer to ensure that they have access to the best home loans and products on the market.
They will complete the legwork on researching hundreds of products and support their customers through the application and settlement process.
Most mortgage brokers will not charge a fee for their services as brokers are generally paid an upfront and ongoing commission by the lender when the home loan has settled.
Choosing a Mortgage Broker
Choosing a mortgage broker can be like finding a needle in a hay stack. There are thousands of mortgage brokers that can access home loan products, but there is a small percentage that will provide the service that will fulfil your expectations and provide the knowledge required to make the process smooth and easy.
In the Melbourne mortgage Broking industry, word of mouth plays a huge role pointing you in the right direction. Most of the time, you will know someone who has dealt with a mortgage broker in the past and can refer you their details.
Find A Better Rate Home Loans provide a one stop, end-to-end solution for anyone looking to purchase a new home, refinance or help where the major banks can’t.
Contact us today for a non-obligational chat.
Do mortgage brokers charge fees?
Most mortgage brokers do not charge a fee to use their mortgage broking services and that includes us. Using our mortgage brokers to apply for a loan will benefit you from the extensive knowledge and years of experience without having to pay a dollar for our services.
We receive a commission by the bank or lender when you settle your home loan, so you don’t have to worry about any hidden mortgage broking fees or charges and you can be confident that we are working for you right through to settlement.
Once your loan has settled, the lender will continue to pay a monthly trail amount. It obviously pays for us to keep in regular contact and make sure that you are happy with your home loan and confirm there are no other options that may prove to be more competitive and beneficial for you.
It is easy to get one of our expert mortgage brokers to help you by contacting us here.
What do mortgage brokers do?
Our mortgage brokers have years of experience dealing with many different scenarios and circumstances and understand that every application is different. On many occasions, we have clients come to us advising that they have been turned away from lenders thinking that they have no hope of fulfilling their dreams. Having access to over 30 different lenders, provides the ability to assist with any type of circumstances.
A good mortgage broker will sit down with you and get a good understanding of your situation. We will then research the lenders that we have available and provide several options to you. We will then go through the available options and assist you to decide which product best suits your needs.
Once a lender has been chosen, we will then complete the application paperwork with you, submit it to your lender and keep you updated with the progress. Once approved, we will contact your conveyancer and assist you with completing the loan documents and finalise everything ready for settlement.
A good mortgage broker will basically complete the entire process for you and make sure that it is a good experience that you will tell your friends and family about.
What types of Home Loans can Find A Better Rate offer me?
The team at find a better rate home loans have worked within many different avenues of lending including the Big Four Banks as well as major mortgage broking companies. What this means for you is that we can offer our financial services in the following;
- Owner Occupied
- Home Loan Refinancing
- First Home Buyer Loans
- Investment Home loans
- Bridging Finance
- Self-Employed Home Loans
- Low Doc Home Loans
- Fixed and Variable Home Loans
- Reverse Mortgages
- Construction Loans
- Motor Vehicle Finance
- Most Commercial Lending
Although it is very rare that we are unable to assist you, if there is something that we cannot help you with, our Mortgage Brokers have built a large network to refer you to that can get the job done.