Should I use a mortgage broker?

Mortgage brokers have access to thousands of different lending products, which means they can help find the right loan for you.

These days everyone is busy, it’s difficult to find the time to shop around, especially in an unfamiliar market.

For many, their bank is the first place they start when looking for a home loan, and that’s okay.

But most banks only have a limited number of home loans and a lot of the time they may not be right for you.

That’s where a mortgage broker comes in, they have access across the loan market, not just the Big 4 Banks.

A mortgage broker can save you time and money

We know it isn’t easy shopping around for a home loan provider. Should you use a big bank? Credit union? Building society? Or a mortgage broker?

That’s why Smartline offers obligation-free advice and can talk you through the range of options that are available to you.

So if you’re feeling overwhelmed by the range of options on the market contact us – there’s nothing to lose by talking to an expert.

Who are our home loan providers?

Smartline selects its home loan products from more than 27 different Australian home loan providers.

We regularly expand and change our list of home loan providers to ensure we are offering the most competitive home loan products to our customers.

How is your mortgage broker paid?

Your broker is paid an upfront commission by the bank or lender who provides the home loan. They also get paid a smaller amount by the bank or lender every month that you are still in your loan, known as a trail commission. However, if you decide that you no longer want to stay with the same home loan, or if you default on your loan payments, you reach a certain level of arrears, or if you pay the loan off altogether, your broker will no longer receive the trail commission.

This commission model is structured in such a way as to provide your broker with a significant proportion of the commission payment upfront for arranging the loan, while deferring some of the payment in the form of trail commission, so that your broker is incentivised to provide ongoing service to you over the term of your loan.

Why your mortgage broker is working for you

As part of  Smartline’s Melbourne Brokers,  I’m committed to getting the best outcome for you. I know everyone is different, that’s why I offer a range of products to suit your needs.

I’ll work with you from day one to make sure your borrowing experience is as smooth as possible.

 

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