What is a Mortgage Broker?
A mortgage broker is a financial professional that helps home buyers and investors secure a home loan. They act as a middleman between lenders and borrowers and handle all the paperwork and admin of securing a mortgage.
Securing the right home loan for your needs can be complex and confusing, which is why many borrowers choose to work with a mortgage broker. They can assess your needs, your financial situation and your investing goals and match you with the right lender and loan product.
In many cases, mortgage brokers have access to loan products and rates that aren’t available to other borrowers and home buyers. That means you may be able to secure a cheaper interest rate or better loan terms by working with a broker (rather than going to the bank directly).
Plus, a mortgage broker can handle the entire loan application process from start to finish, taking a heap of paperwork and admin off your plate.
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