MORTGAGE BROKERS – working for YOU
Why use mortgage brokers, and how they can assist buyers of real estate? Here are some of the reasons:
Firstly, some people looking to buy a property simply go to see their bank, and may not realise that they may be missing out on the best possible finance deal. This means, the right deal that suits the buyer, not the bank.
Secondly, there are literally hundreds of different loan products available right now. While this makes it harder for you to choose the right loan, it does mean that there’s an ideal lending solution for you out there. It’s just a matter of finding it for you – and that is where a Mortgage Broker comes in.
thirdly, your bank will have its own range of housing loan finance products to sell you. However in many cases these might not be the products that are best suited to your particular financial situation. On the other hand, a professional Mortgage Broker will carefully analyse your position, and then shop around various banks and lending institutions on your behalf. By doing so, the independent Broker is able to ensure that YOU have the benefit of selecting the right housing loan product that suits YOU.
Fourthly, using a Mortgage Broker costs you nothing as the Broker is paid a fee by the banks and lending institutions. Not using a Broker might end up being an expensive exercise for you as you may not have the opportunity to compare loan products.
written by NOEL AVENELL
Licensed Real Estate Agent
AUSTRA GROUP Pty Ltd