Why would I use a mortgage broker?

Finance-meeting

Why would I use a mortgage broker?

Can a mortgage broker save time?

The choices now available in the mortgage market can seem limitless and completely overwhelming. You can choose to research the subject, the lenders and their products yourself, or work with a mortgage broker who already has that knowledge. A good broker can also meet you where you need them to be, at a time that suits you meaning that you don’t have to take time off or go out of your way work to obtain a mortgage.

Mortgage brokers have access to multiple lenders?

All mortgage brokers have a panel of Lenders from which they recommend a loan. They have to become accredited with the lender to offer their product, and are required to keep up-to-date with their policies, standard and limited time offers.

Can a mortgage broker help me find a loan that is tailored to my circumstances?

The best deal is not necessarily the cheapest rate. A good mortgage broker will examine your circumstances and future plans to recommend a loan that is right for you. Having an appropriate loan which works for you can help you build wealth and potentially save you thousands in fees over the life of the loan.

How much will a mortgage broker charge me?

Any decent mortgage broker won’t charge a fee for their service as the lenders pay them a commission for the loans they write. Most lenders offer the same rate via the mortgage broker as they would directly, plus a mortgage broker could save you money in other ways.

How do I avoid any pitfalls?

Many products seem to offer a great deal but they could have penalties, fees and charges you may not be aware of. Or, they may not offer the flexibility you require in the future. A mortgage broker can help you avoid taking out a loan you might later regret.

Any questions? Let us help you. Call Chris today on 0490 075 039 or send an email to info@chardon.com.au