A mortgage broker in Maroochydore can help sort through your options for finance that is perfectly suited to your financial situation.
When the deposit is saved and you are ready to take the leap into home ownership, your next job is to get financing. When you aren’t exactly sure what to look for, the number of lenders available can be overwhelming.
Why Use a Maroochydore Mortgage Broker for Your First Home Loan
A mortgage broker is a middleman between homebuyers and lenders who can organise a home loan on your behalf. All mortgage brokers are required by law to act in your best interests.
Mortgage brokers can help you sort through the following details when buying homes, which is an excellent advantage when you are new to the property market. They can also assist you with:
● Working out your borrowing capacity.
● Understanding the inner workings and overall costs of the different loans on the market.
● Working through the loan application process right through to settlement.
● Finding the most affordable interest rates.
● Refinance options.
Home buyers don’t usually pay mortgage brokers directly. Instead, they earn commissions from the products they sell. Some mortgage brokers may charge a fee in addition to their commission. If you aren’t clear on what sort of value you are getting, make sure you look around to see what other mortgage brokers are charging.
Here are a few more advantages you can benefit from when choosing to work with a professional mortgage broker in Maroochydore.
Mortgage Brokers Can Help You Research Home Loans
Banks are not the only lenders in town, so your research could take you all over the map when searching for house finance that will work for you. Mortgage brokers have all this information available at the click of a mouse, some of which you may not even know about.
If you want to make sure you are in the know about competitive loan rates available without all the legwork, your local Maroochydore mortgage broker is the person to ask.
Professional First Home Buyers Advice
When you need home loan advice you can benefit from a professional mortgage broker who will provide helpful advice based on what they know will work for your situation.
A broker can analyse your budget with a practiced eye and tell you exactly what you can afford. This alone can prevent a lot of wasted time from looking at properties that are outside your price range.
How To Help Protect Your Home Loan Credit Rating
Each time you apply for a home loan and are turned down, it will reflect on your credit rating. Because your mortgage broker has already worked out your maximum borrowing capacity, you won’t be applying for loans you can’t afford.
Mortgage brokers work with lenders all day, every day, and so have a deep understanding of their approval preferences. In short, when you apply for a loan through a mortgage broker, you may significantly increase your chances of success and you may be surprised that you can get into your new home much sooner than you thought you could.
Want To Know How We Help First Home Buyers Get a Loan?
We listen to your situation very carefully. We ask all the right questions. We spend a lot of time researching for you. Our entire team at Orchard Mortgage Brokers work really hard getting all the information we need, from you and from our lenders, to help you make owning your own home a dream come true!
We will support you all the way through the process, from your first phone call to signing on the dotted line!!
If you are feeling overwhelmed by your finance options when searching for your first home, reach out to us.
Save yourself the heartache and don’t waste time trying to do it all yourself.
Call Nicky Orchard or Luisa Lopez, our Sunshine Coast mortgage brokers who have helped many new home buyers get into their first property.
We Provide Complimentary Appointments with Nicky Orchard and Luisa Lopez
Our experienced mortgage brokers will help you find the right loan for your needs. Whether you’re looking to buy or sell, we’ll make sure you get the loan that works really well for your situation.
Licensing statements: Credit Representatives 364849 and 532460 are authorised under Australian Credit Licence 389328 General disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.