When someone is looking to buy a home, they may choose to work with a mortgage broker. A mortgage broker acts as a middleman between the borrower and lenders to find the perfect mortgage option for their client.
Orchard Mortgage Brokers on the Sunshine Coast can help you obtain the loan you need, whether you’re looking to buy a property, refinance, or get a car loan. Our experienced finance brokers work with you to find options that suit your situation and needs.
What do Mortgage Brokers do?
A mortgage broker acts as a go-between who works with lenders or banks to arrange a home loan. Their job is to find the ideal mortgage option for you.
A good broker works with you to:
• Understand your needs and goals.
• Work out what you can afford to borrow.
• Find options to suit your situation.
• Explain how each loan works and what it costs (for example, interest rate, features and fees).
• Apply for a loan and manage the process through to settlement.
— source, Moneysmart
Bank vs Mortgage Broker
When it comes to obtaining a loan, you may have asked yourself this question: Should I use a bank or a mortgage broker? Chances are your goal is to find the ideal rate and lowest fees for your loan.
While both options can help you secure financing, there are some differences between the two that you should consider.
Banks
Banks are financial institutions that offer their own loan products. If you choose to work with a bank, you will be limited to the loans that they offer. Example, if you got the NAB bank, they can only offer you a bank loan with NAB. Working with a bank can be beneficial if you have an existing relationship with them or if you have a strong credit history.
Mortgage Broker
On the other hand, a mortgage broker can provide a wider range of options and streamline the mortgage application process. They will present multiple mortgage options from various lenders, providing personalised solutions for you based on your individual needs, goals and budget.
Brokers offer the benefit of negotiating on your behalf to source the most affordable rate for you. This is because they have relationships with multiple lenders and may be able to leverage those relations to achieve a more suitable deal.
Overall, the choice between a bank and a mortgage broker will depend on your individual preferences, circumstances and needs.
If you want access to a wider range of loan products and want help comparing rates and fees, working with a mortgage broker may be a good option.
How to Choose the Right Mortgage Broker for You
Finding a licensed and experienced mortgage broker can be done through various ways such as getting recommendations from people you know, searching through a mortgage broker professional association, or checking with your lender or financial institution.
It is essential that the mortgage broker you choose is licensed and experienced to ensure that you are getting all the help in finding the ideal home loan for your needs.
Our Financial Loans & Services
When it comes to finding the right financial solution for your needs, you want to work with brokers who have many years of industry experience, up to date knowledge and your interests in mind.
Michael Wills has more than 26 years in the financial industry. He is a wealth of knowledge and has helped many local Sunshine Coast people with their financial needs – from helping first home buyers to investment property owners.
At Orchard Mortgage Brokers on the Sunshine Coast, our experienced finance brokers prioritise your needs throughout the loan process.
Whether you’re buying a home, refinancing, or getting a car loan, we work with you to find a loan option for your specific circumstances.
Home Loans & Mortgages
Getting professional advice and finding the right lending option is key when committing to a mortgage, which is often the biggest financial commitment in one’s lifetime.
Orchard Mortgage Brokers is committed to finding the optimal home loan for your specific circumstances from a selection of around 30 lenders.
Refinancing Loans
Orchard Mortgage Broker can assist you in refinancing to a better loan option if you already have a home loan. We can help you evaluate interest rates and fees from different lenders and locate a loan that is suitable for your needs.
Car Loans & Car Finance
If you need a car loan, Orchard Mortgage Brokers can help you find the right loan options. We can explain the different types of car loans available, such as secured and unsecured loans, and help you understand the costs involved.
Investment Property Loans & Finance
Orchard Mortgage Brokers can help you in buying an investment property. We can explain the different types of investment property loans available and help you understand the costs involved.
Personal Loans and Finance
If you need a personal loan, talk to our team of finance brokers. We can explain the different types of personal loans available, such as secured and unsecured loans. We can also answer any question you might have about personal loans and finance.
Business Finance and Loans
Orchard Mortgage Brokers offer assistance in obtaining loans for businesses. We can provide information on the various types of business loans available, including overdrafts and lines of credit, and guide clients through the entire loan process.
Equipment and Asset Finance
If you need finance for equipment or assets, such as machinery or vehicles, a mortgage broker can help you find the ideal option.
Orchard Mortgage Brokers can explain the different types of equipment and asset finance available, such as chattel mortgages and hire purchase agreements.
New Build and Construction Loans Sunshine Coast
If you are building a new home, we can assist you in finding the perfect construction loan. We will explain the different types of construction loans available and help you understand the expenses involved.
Why do our clients keep coming back?
We pride ourselves on our friendly and efficient manner when dealing with our clients.
We communicate often and always keep our clients updated on progress of the loan application. We understand that many people can become overwhelmed, and it is our responsibility to make sure that you feel supported and informed throughout the entire process.
We’re proud to have helped many local Sunshine Coast residents with their financial needs, from first home buyers to investment property owners.
Don’t just take our word for it – see what our clients have to say!
“I had the pleasure of working with Orchard Mortgage Brokers not once, but multiple times, and I cannot praise their services enough! Over the years, they have been my go-to partner for mortgage services, and each time, they have exceeded my expectations. Their team consistently goes above and beyond to guide me through the entire mortgage process.”
— Ekaterina G.
“Orchard Mortgage Brokers has been our go to for 16+ years. The Orchard Mortgage Broker’s excellent team have always delivered products tailored to our needs efficiently and with minimal fuss. No need to look anywhere else if you’re on the Sunshine Coast!”
— Ian B.
“We had the pleasure of dealing with Orchard Financial Group for our 4th or 5th time and could not be happier with the service we are continually provided with by the Orchard team. Everything we asked for was completed with a priority and nothing was a problem. Thank you very much, Orchard.”
— Cameron G.
Get Personalised Home Loan and Lending Advice from Michael Wills
Mortgage brokers can be a valuable resource when it comes to finding the ideal loan for your needs. They can help you understand the different types of loans available, find optimal loans, and manage the loan process from start to finish.
If you want to find the right finance solution for your needs, speak to a Sunshine Coast mortgage broker with finance and lending experience.
Licensing statements: Orchard Mortgage Brokers (Qld) Pty Ltd ACN 671 112 137 Trading As Orchard Mortgage Brokers is an authorised Credit Representative 556459 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