3 most googled questions about mortgage brokers answered
Why use a mortgage broker?
There are many reasons why you should use a mortgage broker rather than deal directly with a bank:
- A mortgage broker works for you – a bank loan specialist ONLY works for their bank.
- Mortgage brokers understand, and can provide options from many different lenders. A bank specialist ONLY knows their own bank products and policies.
- A professional mortgage broker could find you a suitable loan with a discounted interest rate and extra features that could potentially help you pay off your loan faster.
- A mortgage broker has tools available that may give you options you didn’t know were available.
- With an ongoing commitment for the life of the loan, with annual health checks, Connect Mortgages will ensure that your loan always suit your situation.
How does a mortgage broker get paid?
Australian mortgage brokers do not usually charge a fee for their loan consultation as they are paid by the lenders for introducing loans.
What does a mortgage broker do?
- Mortgage brokers specialise in home and investment loans
- Determines your financial needs and does all the legwork for you, this includes finding the most suitable loan for you and your situation.
- Can answer questions such as How much can I borrow? Should I fix my rate? Can I use the equity in my home to do renovations or buy an investment property?
- Completes regular home loan health checks and makes changes to your existing loans on your behalf.
With home loans rates at a historical low it’s a great time to review your loans. To get started contact me, Jodi Hackford at Connect Mortgages, anytime on the details listed below.
Jodi Hackford
Lending Specialist
M: 0437 904 518
E: jodi@connectmortgages.net.au
Connect Mortgages ABN 70 434 322 668 Credit Representative 459191 is authorised under
Australian Credit Licence 389328. Your full financial needs and requirements need to be assessed
prior to any offer or acceptance of a loan product.
