What Is A Mortgage Broker And Why Do I Need One? A mortgage broker is essentially an individual or company who fill the role of an intermittent advisor. They help to find the right mortgage deals for their clients by working to bridge the gap between lenders and those individuals in need of a loan. When it comes to taking out a mortgage, trying to weigh up the pros and cons of numerous different offers from a number of lenders or loan providers can be difficult. Trying to search for the perfect loan for your needs can also be an incredibly time consuming process and can lead to lost sleep from the stress that is caused by it all. Moreover, private individuals will often find that they cannot get the best deals, instead being offered the best possible deals on the market. When deciding on a mortgage offer, it is important that you take the time to weigh up all of your options in order to find the best one for your needs and situation. Accepting a poor quality mortgage offer will result in you paying excessively high fees on your repayments and could end up with you being locked into a deal which is unfair or otherwise unsuitable. As such, finding the right mortgage deal is vital to ensuring that you are happy with your new home purchase—and, in turn, important for guaranteeing your long term happiness and health. As part of this goal, hiring a mortgage broker could provide the perfect solution to your needs. What Is A Mortgage Broker? A mortgage broker is a person or organization who works to bridge the gap between lender and client, often serving as an intermediary entity. They help clients with finding the right mortgage deal based on their personal and financial situation, while also taking into account the client’s desires and dreams for their new property. Mortgage brokers work with all manner of clients; from individual first time buyers to massive, multinational companies. They also deal directly with some of the biggest banks and lenders in the world, all with the aim of finding their client the perfect mortgage offer. A mortgage broker usually offers their services for free to a client. Instead, their primary source of income is usually in the form of a so called finder’s fee, which is paid to the mortgage broker by the bank as a commission. Why Should I Use A Mortgage Broker? Mortgage brokers have access to all of the biggest banks and can act as a negotiator to find you the perfect loan. Their expertise means that they will usually be able to offer you a better deal than if you’d done your own research. If you are in the market for a new home and are in need of a mortgage to do so, don’t waste your time any longer on trying to find a suitable mortgage offer; hire a mortgage broker through us at Growth Financial instead if you want to get the best deal! 310 Edward Street, Brisbane, QLD, 4000 website: growthfinancial.com.au Our Social Pages: facebook twitter youtube |