Home Loans

Why use a Mortgage Broker

Buying a home is likely to be the largest transaction you will ever be involved in with most people usually needing to obtain a home loan to assist in the completion of the purchase. The process of selecting the most suitable home loan is an important part of the financial arrangements and a mortgage broker can advice you in this respect.

What is the role of a Mortgage Broker?

A mortgage broker acts as an unbiased intermediary between you and the bank or financial institution in negotiating a home loan on your behalf from the extensive panel of lenders at the broker’s disposal.

As part of the home buying procedure the broker will meet with you to carry out a detailed fact find to establish the type of home loan that will best meet your requirements taking into account such things as your income/expenditure and details of the property you wish to purchase. The broker will recommend the home loan that is the most suitable for you and guide you through the complicated application process.

A mortgage broker not only deals with first home buyers but can also assist you in looking to move to another property, refinance an existing loan to get a better deal or assist should you be looking to purchase an investment property.

What are the benefits of using a Mortgage Broker?

A mortgage broker has access to so many lenders that collectively offer hundreds of home loan options that would have taken you a considerable period of time to identify, locate, contact and analyse whereas a broker can do all that in a matter of an hour or two ensuring that the most suitable home loan is chosen.

In guiding you through applying for a home loan the broker will be able to answer any questions that you may have in relation to the process and will ensure that you are making the correct decisions throughout. In the unlikely event that your home loan application is declined your broker will do everything that he or she can to find an alternative lender that will assist.

Most mortgage brokers do not make a charge to their client in respect of the extensive, professional service they provide as most are remunerated by the lender so, on that basis, why would someone not wish to avail themselves of utilising the services of an experienced mortgage broker. 

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Scott & Co Wealth Management Pty Ltd, ABN 76 122 387 035 is an Authorised Representative of Apogee Financial Planning Limited, an Australian Financial Services Licensee with its registered office at 105-153 Miller Street North Sydney NSW 2060.

Apogee Financial Planning will not be responsible for any advice given in relation to home, vehicle & equipment finance.

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