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| Why use a mortgage broker |
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Brokers are now the number one choice for consumers seeking a home loan or to refinance their existing loan.
Businesses also use finance brokers to help them with their finance needs from car and equipment leasing to loans to help their businesses expand. What can a Mortgage Broker do for me? Brokers work with clients to determine their borrowing needs and ability, select a loan suited to their circumstances and manage the process through to settlement. What are the benefits of using a Broker? • They do all the legwork for you and visit you in a convenient location. Our Services to you are free! The lender pays the Broker an up-front and trailing commission and therefore we are able to meet the costs associated with arranging the loan for you. Any commission we receive from the Lender does not get transferred onto the customer. For example if you were to go directly to the bank for the same loan product, the interest rate and fees would be the same as if you used a broker and in some cases the broker will negotiate you a better deal. We do not receive any other benefits from lenders, such as rewards, holidays, gifts etc. If you don’t settle the loan then we don’t get paid our commission, so we are committed to get the best possible outcome for you. To borrow with confidence, only deal with an MFAA-accredited Mortgage Broker.
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