Why should I use a mortgage broker if i can go with a bank?

When we talk about a ‘loan product’ we are preferring to the thousands of options that are currently available for you for your loan. Each bank (for lender) has loans of different loan options – low doc, package loans, re-draw facilities, plant and equipment loans, fixed, interest only, interested in advance, variable, introductory variable… the issues you face as a consumer is ‘which loan is right for me?’ And that is where a mortgage broker comes in. IF you go direct to the bank, you will only be offered the loan options available through that one lender. As your mortgage broker, we do all the leg work for you. We are across many lenders and all of their loan products and our sole purpose is to find the right loan for your needs.

Do you have any professional accreditations?

Yes, we are the accredited Associate Credit Adviser and full member of the Mortgage Finance Association of Australia. To achieve this level of accreditation the MFAA requires the following:

Membership of MFAA

Professional Indemnity (PI) Insurance

A certified clean National Criminal History Record

A Certificate IV Finance and Mortgage Broking FNS40811 or FNS40810

A Diploma Finance and Mortgage Broking Management FNS50504 / FNS50311 (within a year of joining)

30 hours of continuing professional development per year

Do you charge a brokerage fee for getting my home loan approved?

No. We get paid a commission by the lenders. Our service to you is completely free of charge. We’ll do all the work for you; We’ll do all the negotiations, the paperwork, and the follow-up and there is no cost to you at all for this service.

How do you compare loans and determine which loan is best for us?

Firstly we need to establish your personal & financial circumstances and your loan requirements. Once we have this information, we’ll then use our in-house software to produce a shortlist of several suitable loans. we’ll advise you on the pros and cons of each option, but the final selection decision can be made by you.

Should I go fixed or variable?

I am only allowed to recommend a product based on what you say is most important to you eg “pay my loan off quickly” or “guaranteed repayments”. I do however, live by the following; “if you want flexibility take a variable rate loan, if you want budget certainty take a fixed rate loan, if you want both, then do both”.

Isn’t it more expensive to use a Broker?

This is depend on how much you have saved for a deposit and what you current expenses are. Give us a call and we can go into your options in more detail.

I am not in your area, can we still work together?

Sure thing! We are mobile brokers so we can come to you!

Which lenders do you deal with?

I am a Connective Brokers. This mean i have access to many lenders – these include the major banks, second tier lenders and credit unions. We can source you a loan from the lender of your choice.