Tips to Finding The Best Mortgage Broker Coffs Harbour
A mortgage is one of the biggest expenses most families will endure so it goes without saying that you want to make sure you get the right one that is suitable and compatible with your situation. Mortgage Broker Coffs Harbour prides themselves in taking the time to listen to their client’s needs and making it a priority to find the most suitable mortgage.
Sometimes the most suitable mortgage may not necessarily be the one with the lowest interest rates and fees. These days in the Australian financial sector, mortgages come in many different forms and shapes, and the mortgages available to the people of Coffs Harbour is no different.
Finding the right mortgage for you means finding the right mortgage broker – the right mortgage broker will go beyond finding the average loan to finding the perfect loan.
Most banks and lenders advertise their interest rates and mortgage features on the internet which is usually updated daily. What might be hard to find however and not is clear are any special conditions or terms of that mortgage which may end up costing the customer more in the long run. In addition, the time required on your behalf to compare and wade through multiple offerings from multiple lenders will take a significant time investment.
An expert mortgage broker will have this information already on hand, if not, they will spend their time researching current products on the market.
Take the time to talk to a few different mortgage brokers and meet with them to discuss your needs. You’ll need to inquire about their offerings in terms of interest rates and product features. Also you should feel comfortable with the personality of the broker – if you don’t trust him/her then the process will be very difficult.
Also discuss with the mortgage broker their fee schedule. Most brokers will not charge the client for a standard mortgage because they get paid from the lender, however there are cases where a broker may charge and you want to make sure you’re clear on the fees up front. If you’re looking for a commercial loan, then it is standard to expect to pay a fee because of the amount of work involved.
Another topic to discuss with the broker is their application time. Normally a half decent broker will do all the paper work for you which means that most of the application process and time will rely on them getting the work done. Try and judge their response if they are serious and value the importance of a timely application. Last thing you want it having made a decision and then waiting weeks for the broker to do the application.
Our preferred broker, Mortgage Broker Coffs Harbour, meets all these challenges and exceeds expectations. They have a 100% approval rate because of their experience and knowledge in the mortgage industry.