What does a mortgage broker do?

September 20, 2016
Angela Kemp

Applying for a home loan can seem like a daunting process, that’s why our team of experienced mortgage brokers are here to help guide you every step of the way.

As your mortgage broker we do all the legwork for you, so you can relax! Your mortgage broker can compare hundreds of different home loans, prepare all of the paperwork for you, and can help you apply for the WA First Home Owner’s grant and any other grants which you may be eligible for.

So how does it all work? Read on to find out what happens when you meet with one of our mortgage brokers.

Meeting with a mortgage broker

At the first appointment, your mortgage broker will evaluate your needs by gathering as much information as possible about your financial situation, lifestyle and property goals. Your broker will be happy to answer any questions you may have in regards to home loans, just ask us!

Calculate your borrowing power

Once your mortgage broker has a clear picture of your financial situation, they will calculate how much you can borrow so you know exactly how much you can afford to spend. They will then search and compare hundreds of home loan products to find the one that best suits your needs, all at no cost to you!

Preparing your home loan application

Once we’ve selected the right home loan product for you, your mortgage broker will do all of the legwork! Your broker will prepare all of the paperwork, submit your home loan application and liaise with the lender on your behalf. Your mortgage broker will even negotiate directly with the bank to get the best interest rate possible for you!

No cost to you!

Our service is free of charge to our customers, this is because our mortgage brokers are paid a commission from the lender when your home loan is settled. Our brokers are paid the same rate no matter which lender you choose, giving you peace of mind that we will find the best loan for your needs.

Ready to apply for a home loan? Contact your local Perth mortgage broker on 9277 9888 to book your appointment today.

Find out more about our team of mortgage broking experts here.

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Posted in: Home loans

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