A mortgage broker is the “go between” for a borrower and finds the right loan from all the lenders. The individual service is dependent on your individual needs….do you need to leverage off the brokers Experience, or leverage off the Convenience, or is it all about the interest rate?

Expertise: Most successful property investors use a broker as the broker knows how to structure the lending to integrate the financing plan with the overall investment strategy. Similarly for a first home buyer who is seeking advice, they use a broker to  guide them through the entire process.


Choice: In one spot you should get access to a wide rage of lenders (25+), to assess your position and match your needs to all the banks who are competing hard for your business. A professional broker will provide a variety of options from a variety of lenders.

Convenience: Your broker will do all the leg work, paper work and handle the entire process from start to finish, making it as hassle free as possible.

Your MAXIMUM BORROWING POWER can be as much as $100,000 different from one lender to the next…similarly a better interest rate can save you well over $100,000 in interest and save years off your loan.

There is no cost to you to use a mortgage broker…they get paid by the banks to process the home loan applications…..find a good one and benefit from their Expertise, Choice and Convenience.

The best way to find a professional broker you can work with is from a recommendation from friends, family, or from other professionals. In the digital age you can also quickly check on the credentials of a broker by looking at their online profile. Do they have the right qualifications and experience? can they also do commercial lending and equipment and car loans (a full finance brokerage)? Lastly, call the broker and talk to them.

A professional broker will be happy to discuss their qualifications, credentials as a broker, and their own  personal experience in investing, building, etc. If you are not 100% comfortable with the talk then ask yourself why…are they not genuine in wanting to help people? are they not experienced in investing? building? are they too busy? do they offer genuine choice across all lenders? is it just not a good “fit”/ “feel”?

Housing is your biggest purchase… your broker should help make it a professional, rewarding, and enjoyable experience!

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DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.