Home loan brokers

Finding a quality home loan in today’s lending market is just as important as finding the right property. A mortgage broker will save you time and money, that’s why more Aussies are turning to mortgage brokers to help them source competitive home loans.
A good mortgage broker will help you find suitable home loan, negotiate better rates, lodge your home loan application and even monitor the performance of your home loan long after settlement.

Home Loan Brokers offers a full range of information on brokers, lenders, and the loans and credit industry. We make it easy for common borrowers to understand the process, from choosing a home to closing and finalizing your home loan. Learn more about brokers and get the information you need from our extensive article database.

TO find a good brocker ,you need to follow the following tips:

1 Contact state and local boards of Realtors for lists of mortgage brokers in your area. Ask your own real estate agent or friends for references.

2 Call recommended brokers and ask how many different lending institutions they work with.

3 Ask prospective brokers how they are compensated. Brokers work for either a flat fee or a percentage of the mortgage amount.

4 Ask what types of institutions, or individuals, the broker works with. This can be particularly helpful if you are having trouble getting a loan through conventional local lenders.

5 Ask about different loan programs that might be available. A good mortgage broker keeps a steady eye on the markets and can provide you with help getting a special deal, such as public money that is available for first-time buyers.