The role of a mortgage broker is to guide you through the home loan journey and help you choose the right product or feature for you.
Our role is to work closely with a panel of lenders — from the big banks, to the smaller lenders you may not be as familiar with — to ‘shop’ the home loan market for you. But our job isn’t just about comparing home loans. We stay on top of market trends and changing lender requirements, so you can be confident in the recommendations we provide.
Even before you are ready to buy a home, we can offer valuable support by explaining the home buying process and working with you to ensure you achieve your property goals.
How does a mortgage broker save you money?
Some people choose to stick with the bank they already have accounts with — but they could be missing out on a competitive home loan option elsewhere.
Brokers have up-to-date knowledge of the home loan market — different types of lenders, new loan options, the conditions attached to a low-rate loan, and more. This just means your mortgage broker can find competitive deals that are right for your needs, present you with options, and help you avoid more expensive or unsuitable loans.
If you’re a first home buyer, a mortgage broker is knowledgeable about the programs available that you can take advantage of when buying your first home.
How does a mortgage broker help me secure loan approval?
As a home loan expert, your mortgage broker knows what it takes to get your home loan application over the line with the right lender.
They’ll explain any steps you may need to take to tidy up your finances before applying for a loan and identify any possible red flags that could work against you. They’ve helped many others and know what to look for — chances are, they could find something you may have missed.
What do I need to prepare when meeting with a broker?
It’s never too early to start planning for your first or next home. If you’re at the very beginning of your home-buying journey, just bring along a list of the questions you’d like to ask.
If you’re closer to buying a place of your own, it’s a good idea to gather bank statements, payslips, and other necessary documents that will give your mortgage broker a better idea of where you stand financially. After reviewing your documents, your mortgage broker will also be able to explain any steps you could take to help your home loan application get the thumbs up from the right lender.
With the support of your broker, you’ll be well-placed to understand more about how buying a home works, and what you can do to start making your property goals a reality.
You can organize a 1 on 1 virtual meeting with us at calendly.com/maverickfinance
We understand the emotional journey that many of our clients face when seeking finance, so we do our best to make things as simple and stress free as possible.
If you’re looking to buy your first home, purchase your next one, invest in property or refinance your current home loan just let us know. We would love helping you achieve your home ownership, so please get in touch.
Maria Papa is a senior property and finance expert specialising in home loans, investment loans, and self-employed loans. If you have questions, you can email Maria at firstname.lastname@example.org.
Your full financial situation will need to be reviewed prior to acceptance of any offer or product.