Reasons to work with a Mortgage broker

June 26, 2020

A mortgage broker is someone who plays matchmaker between property buyers and lenders. They work on the borrower’s behalf so can give you professional advice to match your needs with a suitable lending solution.

But there are more reasons to consider in working with a mortgage broker which are listed below.


Brokers save you the legwork

Mortgage brokers have regular contact with a wide variety of lenders. So the mortgage broker will do all the legwork in finding the right home loan for your needs and support you throughout the entire process.

Not worrying about all the legwork gives you more time to find your dream home.


Quick and easy loan comparisons

A good mortgage broker is someone who takes the time to explore your individual circumstances and goals. They would be someone who has access to a broad range of products and are accredited with the lenders to offer their products and can quickly identify the right options that would suit you.

And since they are not tied to any particular lender, they can compare loans without a bias.


Expert advice

Home loans are so much more than just interest rates. A mortgage broker can explain the various subtleties of different loans which can make a big difference in the long run. And having an experienced mortgage broker to help you evaluate the pros and cons can be extremely valuable to ensure you have the right loan for your needs.

A great mortgage broker can also provide a home loan health check further down the track. They can help you re-evaluate your loan and can also assist with your refinancing needs.


Assess and get approved

Mortgage brokers use specialised software to access the latest loan information across a range of lenders and match this against your individual situation and goals. This helps to quickly assess what your borrowing power really is, and which lenders are the most likely to be willing to lend you the money you're looking for. There are many steps in the loan process and a professional mortgage broker will help you from your initial steps, such as getting pre-approval right through to settlement.


No charge for our home loan service

While it may not always be the case, most mortgage brokers (including Euphoria Loans) offer their home loan service at no charge to their clients. The way it works is that the lenders pay the mortgage brokers a commission when the loan is settled.

Contact us for a no obligation consultation to tap into all the benefits and our experience with different lenders to help you find what suits you best.