Rather than you sifting through dozens of potential lenders, home loans and interest rates, it’s a broker’s job to crunch the numbers and provide you with the best options.
You can walk into your nearest bank or lender, you can trawl through all the options online and apply for a loan without leaving your seat, or you can seek out a mortgage broker. A mortgage broker can take care of the entire application process — organising your documents, speaking with the bank, pushing the process along, and acting as your only point of contact all the way up to settlement and beyond. The great news is that organising an appointment and simply having a conversation with a broker is completely free!
There are many lenders offering hundreds of Home Loan products and deciding on the best option can be a difficult task for most people. The lenders will advise that their loan is the best for you but will not suggest that a competitor has a more suitable product available. This is where a good mortgage broker with a large panel of lenders can be very useful in providing options and guidance to find the most suitable home loan for your particular needs.
What Can Brokers Do For You?
Assess your financial circumstances
Your mortgage broker will take the time to discuss your needs and circumstances with you. This gives them the opportunity to determine which type of loan is most suitable.
Find a suitable loan for your situation
Evolved Property find brokers that know how to assess your financial circumstances and find a suitable home loan for your situation.
Manage the process & provide advice at every step
There are many steps in the loan process and a professional mortgage broker will help you from your initial steps, such as getting pre-approval (where your loan is “approved” based on certain conditions such as loan value) right through to settlement.