How Mortgage Advisors Can Help You Secure The Best Home Loan In Australia

If you’re looking to buy a home in Australia, working with Mortgage Advisors can give you a real advantage. Our team of home-loan experts help clients across Australia with tailored advice and access to many lenders.

Want to know more? Read on.

How Can A Mortgage Advisor Help Me Get A Better Home Loan?

An advisor will start by assessing your financial position to help you understand your borrowing power. After this, they will then compare loan products to help you find the best possible fit. Essentially, a mortgage broker works out what you can afford, shows you loan options and then explains the fees and features.

In practical terms, what this means is that working with Mortgage Providers will give you access to a broad panel of lenders and loan types, from standard home loans to low-deposit, bad-credit or guarantor loans.

So, instead of you doing all the legwork yourself, we can save you time and help you find more competitive terms.

What Are The Benefits Of Hiring A Mortgage Broker In Australia?

Hiring a broker brings at least two strong benefits.

First, you’ll gain access to specialised loan types that might not appear in general bank marketing. For instance, you could get access to loans for self-employed, expatriates or with waived Lenders Mortgage Insurance (LMI).

Second, the broker will handle much of the process, such as gathering documents, submitting applications, offering loan comparison services, and negotiating with lenders. This will help reduce your stress.

Mortgage Providers’ home loan experts are accredited, trained and backed by more than 40 lenders, which means you’ll get better interest rates, more preferable terms, more flexible features and a faster turnaround when working with us.

Can Mortgage Advisors Improve My Chances Of Loan Approval?

Yes, in many cases they can. Because our advisors help you prepare and present your application properly, you will avoid most of the common pitfalls that can undermine your efforts.

Mortgage Providers can even help with services for self-employed applicants or those with bad credit, who benefit greatly from tailored support. We can also help you navigate various loan refinancing options.

If your advisor understands what lenders will look for and can guide you properly beforehand – such as helping you with loan pre-approval advice – then your chances of getting approved will improve significantly.

How Do I Choose The Right Mortgage Advisor For My Needs?

The first thing you should do is check your advisor’s credentials. Are they licensed or accredited? Are they associated with an organisation like the Mortgage & Finance Association of Australia (MFAA)?

You should also find out how many lenders they work with and what specialities they might have. For example, some advisors work more with commercial clients, while others work primarily with private clients.

A good advisor will always ask you about your goals and circumstances before moving ahead with a plan. Only after that will they then present multiple loan options rather than pushing a single product on you.

At Mortgage Providers, you’ll find a broad range of home-loan types, which means we offer a whole suite of services to clients of all kinds.

Ultimately, since a mortgage is a big commitment, you need to choose someone you feel comfortable with. You want to work with an advisor who explains things clearly and gives you multiple choices.

What Fees Do Mortgage Advisors Charge In Australia?

You should ask us at Mortgage Providers directly about our fee structure.

In Australia, some brokers are paid by the lender once a loan settles, which means you might not have to pay a direct upfront fee at all. Others might charge you a brokerage fee or require upfront payment for advice – it all depends on the services you need.

The key is to make sure you understand the costs before proceeding so you’re not caught unawares.

Transparent brokers like Mortgage Providers will tell you how they are paid and what you’re paying for so that there are no nasty surprises.

If you’re ready to work with trusted home-loan experts in Australia, contact Mortgage Providers today and speak with our team of mortgage advisors who can guide you through the entire process.