Applying for a Mortgage? Consult a Mortgage Broker to Get Better Results
A mortgage broker’s advice is imperative if you wish to save much time and stress in locating the perfect home loan that can be specifically tailored to suit your particular circumstances. The number of home loan options are many and varied, the cheapest mortgage, at first glance, may contain many hidden costs and charges and it is a mortgage broker who deals with the many lenders on a daily basis who is best positioned to steer you in the right direction.
eChoice Home Loan Comparison Service
Take the stress out of applying for a home loan and save yourself time and money by working with eChoice. You’ll benefit from the latest mortgage matching technology and the most experienced and highly trained loan managers which combine to make sure you get the right loan for you now, and in the future. .
- Work with a friendly and attentive home loan manager who takes the time to understand your needs.
- eChoice works with you through every stage of the application and settlement period.
- Interest Rate of 6.55%
- Comparison Rate of 6.55%
- Application Fee of $0
- Maximum LVR With LMI: 90%
- Minimum Borrowing: $0
- Maximum Borrowing: $0
Mortgage brokers play a vital role is assisting home buyers from all walks of lives as well as professional investors. They provide advice that is unbiased and their opinion can be trusted because they are at ‘arms length’ from the lender and can therefore act as your personal advocate in all your home loan negotiations. Their expertise in the mortgage market will ensure your home loan application is a convenient worry free experience that will have you borrowing with the confidence that you have made the correct choice.
Some of the advantages in using a mortgage broker to find you the most suitable home loan will include the following factors:
• Most mortgage brokers don’t charge a fee for their services as they earn their living from commissions paid by the successful lender who finishes up getting your business.
• They have access to home loans that aren’t advertised widely and many of these mortgages have quite competitive interest rates and low or no charges.
• They know which home loans will cost you the most over the longer term and they will show you how to reduce the term of your loan thereby reducing your interest costs by many thousands of dollars.
• They will advise you when to stay with the bigger banks and when to use a smaller non-conforming lender.
• They will help you put your application together and make sure you have all the required documentation correctly attached which will save you much time in gaining pre-approval.
Mortgage brokers are of particular assistance for the following types of people:
• First home buyers who feel daunted by the whole process and are afraid of being stuck with a mortgage that is not suitable for their requirements.
• Existing mortgage holders looking to refinance, even with their current lender, as a mortgage broker is often in a better position than yourself to negotiate a better deal.
• When planning to invest in another property and looking for an investment loan with a suitable interest rate that will fit in with your financial planning ambitions.
• Looking to release a portion of the equity you have built up in your home so that you can carry out some renovations to increase the market value of your property, or for any other worthwhile reason.
• Anybody seeking to pay off their mortgage faster than they are presently able to achieve.
Home mortgages are often the biggest financial commitment most people will ever make in their lifetime. A home loan is a means of securing your home as well as the home of your dependents. It is, in reality, an investment for the future in many aspects. Because of this it is imperative that any advice sought on the different types of mortgages available and the correct manner in which to submit an application, be given with honesty and good faith. Mortgage brokers are the people who are trained to give such professional advice and this is why more and more people are turning to them for such assistance each year.
A mortgage broker is a business person whose role is to help anybody find the right mortgage and to fully explain to the home buyer why they believe this is so. They will work closely with all home loan applicants and give full support throughout the entire home loan process, and beyond. Many people make application for a mortgage feeling certain that their application will be successful only to find out a short time later it has been declined, whereas if they had known and had gone to a different lender their loan would have been approved.
Mortgage brokers know what the different lenders require in their applications and are aware of which lenders are more likely to accept certain individuals and who will be unlikely to do so. It is in their interests to only forward applications to a lender who will be most likely to give an approval as if an application they have assisted in is declined they don’t get paid for all the work they have put in.
Related posts:
- Homeside Mortgage Broker
- Guide to Mortgage & Finance Industry
- Mortgage Brokers in Darwin 0800 – Northern Territory
- eChoice Mortgage
- eChoice Home Loans
- Applying for a Home Loan
- How to Save on Home Loans
- Mortgage Brokers Disadvantages
- Mortgage Brokers in Perth 6000 – Western Australia
- How to Use an Investment Brokers for Property Purchases
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded Mortgage of the Year 2012 – this multi-award winner features 100% offset and a loyalty 0.25% rate drop after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
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