Why would I use a mortgage broker?

Why would I use a mortgage broker?

Because they can save you time and money.

As the home loan market becomes increasingly complex, more people are turning to a mortgage broker . Here are some of the reasons.

A mortgage broker can 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 finance broker who already has that knowledge.  Often going to the right lender for your circumstances can mean all the difference in getting your loan approved.

A mortgage broker gives you choice

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 latest offers.  There can even be lenders on their panel that are only available via a broker.

A mortgage broker can help find the right loan

The best deal is not necessarily the cheapest rate. A good finance 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.

Most mortgage broker’s don’t charge you

Most mortgage broker’s don’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, and a finance broker could save you money in other ways.

Finance broker can help you avoid 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 finance broker can help you avoid taking out a loan you might later regret.

In summary, a good mortgage broker can save you time and money, and give you peace of mind. They will also continue to serve you long after your loan settles.

 At Cornerstone Home Loans, we are MFAA approved, and have won many awards including Best Customer Service several years running and MFAA broker of the year.  Call us today to find out how we can help you achieve your finance goals – our service is at no charge to you.