Why Use a Broker?
Clients often are uncertain about the benefit of a Mortgage Broker or going direct to a bank. Below are some benefits worth considering.
- Mortgage Brokers have access to a number of different lenders;
- They can provide more options for loans than any one bank;
- They are 100% interested in getting the best deal for their clients, not the lender;
- They do all the hard work. They find the right deal, prepare the paperwork and manage the loan application for you; and
- They constantly keep you up to speed on the progress of your application.
1. How Does Using a Mortgage Broker Save You Money?
There is a natural tendency to borrow from the bank that has your savings account without considering other options. The lending industry is very competitive and many lenders hungry for your business. Getting the best deal is about the rate, the overall fees and the flexibility for the loan to meet your future financial and investment needs. Finance Specialists are always up to date with new products, deals available and incentives provided by all lenders. They are also aware of any negative costs associated with specific products at any one time. This expertise provides savings to our clients as we find the right deal for you. Over time these savings, can result in significant financial benefit to you.
2. How Do Mortgage Brokers Help Get My Loan Approved?
How your loan is presented matters and so does the lender we select for your specific loan. The same loan presented differently can be approved or declined. A Finance Specialist knows what it takes to get your loan application approved by the right lender. If necessary, they will work with you and offer suggestions of what could be done to improve your financial position prior to applying for a loan. Any potential deterrents to approval are identified and discussed with options provided to remove them.
3. How much can I borrow?
Often this is the first question we are asked. Your Finance Specialists can help you work out how much you can borrow. Often, the answer can differ by lender as their policies differ greatly. They will provide you with multiple options available and explain the differences, so that you can make an informed decision.
4. What is a Pre-Approval?
A pre-approval provides clients an indication of the maximum amount of money that a lender will allow you to borrow. A pre-approval provides comfort of what you can borrow and allows you to negotiate your dream home with confidence. Pre-approvals are generally limited to timeframes but can be extended. Online pre-approvals are generally only indicative. Your Mortgage Broker can arrange a pre-approval for you at no cost.
5. Can I be confident that they will do everything possible to secure a loan?
The lending industry is complex which changes daily as individual lenders modify their lending policies and their appetite for specific types of loans. At times, circumstances surrounding a specific client can add difficulty and complexity to your loan. This requires expertise to identify the right lender and product specifically for your property and your loan. This takes time and experience. You can trust that your Mortgage Broker will work effortlessly for you, no matter how complex the deal is, providing the deal is possible.
6. How Does a Mortgage Broker Get Paid?
A Mortgage Broker will receive a commission from the lender once the loan has been drawn. This is the case for 95% of our loans. In specific situations, depending on the size of the loan, the term of the loan and the complexity of the loan, you may be charged with a fee for service, however this is rare, and it will always be disclosed to you up front.
7. How Does Brisbane Home Loans Assist First Home Buyers?
Buying your first home can be exciting, complex, and terrifying at the same time. Our finance specialists here at Brisbane Home Loans provide First Home Buyers guidance and support in their journey. We help in identifying strategies for savings a deposit and understanding the options available to you as a First Home Buyers, through grants, superannuation savings and deposit guarantees that will assist you.
Take a look at how we’ve helped First Home Buyers all around Brisbane achieve their dream of homeownership.
Get a specialist on your side! Contact us using the form below, and we can chat to you about your options and set you on the right path for you home loan.
Why Choose Brisbane Home Loans
You're In Good Hands
Brisbane Home Loans is all about good old fashioned personal service without exception.
We Find The Right Deal For You
We take the time to listen to your needs and then search the market for the best products that satisfies your needs at the lowest possible cost to you.
We continue to work for you after the deal is finished, ensuring that we asess any new offers that become available which may improve your current deal.
One Stop Lending
We give our clients access to Personal Loans, Home Loans, Investment Loans and Commercial Loans. You always only deal with on person for all your lending services.
How We Work With Our Clients
We can meet clients in our office, in their home, their office or the local coffee shop. Our initial interview will helps us understand the clients needs in the short, medium and long term so that we can find the best possible lender for your loan.
The world of financing continues to be more and more complicated. Our Lenders have experience in finding the right product to meet the specific needs of each of our clients. During this phase, we identify two to three options that may be suitable.
Our Lending Specialists will present to you a number of options available outlining the differences, benefits and downfalls of each option presented. Our preferred option and reasons why, we consider this the best fit for you will be clearly explained.
Our Lending Specialists work with our clients to have all documentsation signed, submitted to the lending institution and processed through to approval.
We pride outselves on client service which is why our Lending Specialists establish a reasonable review timeframe where they touch base with our Clients to ensure everything is working as planned. During this review, the client is made aware of any new financing options in the market.
Brisbane Home Loans is not about one off loans. We truly care about our clients, which is why we stand by their side beyond the completion of the loan.
Being Our First Home It Was Great Having The Knowledge of Daniel & The team at Brisbane Home
We have been working with Daniel and the team at Brisbane Home Loans for the purchase of our first home, being first home buyers it has been great having the knowledge of Daniel & the team at Brisbane Home Loans to support us. We can’t thank them enough for their support and making themselves available to answer all of our questions. I’d highly recommend Brisbane Home Loans.
We Saved More Than 1% On Our Existing Home Loans
We didn’t realize how important it was to review our home load until we engaged with Daniel and Jordan at Brisbane Home Loans. They helped in submitting our application which resulted in a saving of over 1% in interest on our loans, plus a reduction in our on going bank fees. I would recommend this business and thank Daniel and Jordan for making the process so easy.
Sam and Nicky
It was Our First Home and We had No Idea. Thanks to The Team From Brisbane Home Loans
Daniel and the team at Brisbane Home Loans were super helpful and friendly to me as it was my first home loan and I had no idea! They answered all my questions and were very hardworking. Would definitely recommend to a friend.
They Made Buying Our First Home Easy and Fun. Thanks
The team at Brisbane Home loans have been super helpful and extremely professional to assist us with all our first home questions.
will be recommending them to everyone I know looking to buy!
Thanks for Helping me Turn my Dream into a Reality
Service was great, very informative and kept me up to date on all progress and all steps. Follow up after it was all done and dusted was also great. Took the stress out of it which was a great help for my busy life. I would totally recommend Dan and Jordan to anyone.
Thanks for helping me get my dream into a reality.
Car Loan Approved In Less Than 3 Hours – So Wrapped
I could not believe how quickly Jordan was able to organise my car loan. He was so helpfull and I am truly greatfull.