Tips for Working Directly with a Mortgage Broker

Mortgage Brokers RockinghamA mortgage broker is the person who acts on your behalf when dealing with a lender. A broker can help you apply and get approved for a home loan. Brokers provide assistance with paperwork, negotiating interest rates and helping you find a home loan for your needs. At The Mortgage Gallery, home loan Rockingham specialists are certified brokers who can help you get the loan you need for your dream home. Before working with any broker, it’s a good idea to ask a few questions so that you feel confident in the home loan process.

Find Out about Accreditation

The first question you should ask any broker is if they’re accredited by the MFAA. This is the agency that insures that Australian mortgage brokers have the education, experience and professionalism necessary to competently handle your loan. If a broker is not certified by the MFAA, they aren’t under the same rules and procedures that guarantee you’re dealing with a broker who can competently handle your loan.

All brokers at Smartline Mortgage Brokers Rockingham follow the guidelines and certification process put forth by the MFAA. When you work with our agency, you can guarantee that your home loan Kwinana, Baldivis or Rockingham specialists are competent and professional.

Have the Brokerage Explain Services

A good mortgage brokerage should be able to explain their services and how they benefit you. Ask why it’s better to use the broker rather than work directly with the lender. Find out what benefits the mortgage broker in Rockingham brings you as opposed to just going straight to your bank. Enquire about whether or not the broker uses different lenders to get you the best loan terms.

While the brokerage is explaining the services, be sure to ask about what you’ll need to secure a loan. Find out about the necessary paperwork, what financial information you’ll need to submit and how your credit history will affect your loan terms and conditions.

A good broker that wants your business will take the time necessary to explain everything to you. A broker should understand that not every borrower understands the lending process and many people don’t feel comfortable going forward with a loan if they don’t understand the terms and conditions.

At The Mortgage Gallery, our home loan Rockingham specialists pride themselves on top notch customer service and the ability to get you the loan you need.