A mortgage broker acts as an intermediate between people looking to buy or sell property and lenders who provide mortgages. They help potential buyers find a loan provider with the best terms and interest rates to meet their financial goals.

 

 

You may want expert advice, support and suggestions on your journey to buying your ideal property. 

 

 

Brokers Have Better Access

 

 

Certain lenders work exclusively with mortgage brokers as they rely on them to bring in new clients. Brokers might also negotiate better rates from lenders due to the volume of business they generate for a lender.

 

 

Negotiate Fees

 

 

There are many fees involved throughout the mortgage setup process. Due to their relationships with lenders, a broker might be able to get some fees waived or lowered which could save you thousands. 

 

 

They Do the Legwork

 

 

A Broker will handle all the necessary paperwork, explore various options to present you with a selection, assess specialists like solicitors, handle the application process and keep you informed every step of the way, so you can focus on finding your ideal home. 

 

 

Experts In Their Field

 

 

A good mortgage broker will help you understand the ins and outs of the lending process, including what type of loan is best suited to your needs and how much money you might actually need. They are experts in the industry, so it makes sense that they know exactly what a lender wants to see in terms of documentation and credit history. A good broker will go beyond just giving you a list of lenders and loan products; they will provide expert advice about the best way to structure your financing and ensure you get the best rates possible.

 

 

Research Potential Suburbs

 

 

Once you’ve decided to purchase a house, you probably already have some neighbourhoods in mind. A good mortgage broker can help you find out about the area and gather information about housing costs, property values, and local schools. They can also gain insight into what kind of people live in the area, how much they’re paying for homes, and whether the area is in a growth phase or a downward phase.

 

 

Peel Finance Brokers – Your Local Mortgage Broker 

 

 

Need help securing a loan but overwhelmed with options and choices? We are here to help you. For almost 30 years, we have been servicing clients in Western Australia like you, and helping them secure a finance solution that works.