Should I use a Mortgage Broker?

Why use a mortgage broker? – A Mortgage Broker will help and prepare new & existing homeowners to obtain competitive mortgage solutions for their unique situations.
We do this by providing expert advice and coaching on the recommended steps towards home ownership.
One of the main advantages of working with a mortgage broker is that they are negotiating interest rates and mortgage terms and conditions on a regular basis so know how far they can push the lenders and achieve the deal that best suits you. They do all the leg work for you, saving you time.
Why don’t I just go to the Bank myself? – We help assess all your options, whereas the Bank is restricted by being only able to present one view.
Clients find that having an experienced negotiator brokering their mortgage means that they access a range of financial solutions – some of which may not be presented during direct dealings with banks or other lenders.
Should I Use a mortgage broker or a bank? – Banks expect the client will negotiate with them to a certain degree, or accept the given rate, whereas mortgage brokers are more likely to negotiate harder for you, to get a lower interest rate.
Why choose Oliver Broomfield Mortgage & Insurances? – Our proven 6 step process is easy to follow and makes your finance application stress free. With our wealth of experience in the finance industry, we know how to get the best deal and set up the best mortgage structure for you.
Do we need to meet to organise a mortgage? – Our preferred option is to meet face to face, however we have many clients that obtain mortgage finance remotely and we have never met. There are many options such as zoom, messenger, what’s app, teams etc that work well for online video meetings.
Can my application be done via the internet? – Yes, we have an online application system or a pdf form that can be completed and returned via email.
You have the option of uploading documents directly into our system or you can send via email.
As mentioned, we prefer to meet face to face, but can also transact business over the telephone, by zoom, or email.
We will Save you Time – Following up the progress of your loan application is time-consuming and can be frustrating.
We have systems in place to ensure that all the required documents are sent to the lender and application follow ups are completed in a timely manner.
We will keep you updated on the loan application status at every step and ensure your timelines are met.
We Provide Advice – Advisers deal with lenders on a day-to-day basis and are familiar with the requirements of each lender. This ensures a smooth and timely assessment process.
Constant Change – There is constant movement of staff within the banks and finance companies along with a never-ending list of policy changes from banks, reserve bank and the gov’t. These updates are continually fed through to us to ensure we know who to send applications to and that current lending policies are adhered to.
Working for You – We become your advocate and work with the lender on your behalf. We ensure that everything that can be done, is done so you get the best loan for your requirements.
We Offer Choice – The biggest advantage of using a mortgage adviser over going directly to your bank is the choice.
Sitting in front of a mortgage adviser is like sitting in front of 20+ banks with hundreds of loan products – rather than just options from one bank.
Your Existing Bank – If your bank is the best option for you, we can still provide a service to you. We can compare your current lenders products and interest rates with other lenders to ensure they are the best fit for you and that their offer is competitive.
The answer to ‘should I use a mortgage broker’ is very clear. There are many compelling reasons to use the services of a mortgage broker. Checking google reviews will help to select a good broker for you.