Aussie Mortgage Broker
A mortgage brokers act as an intermediary who sources mortgages on behalf of individuals or businesses. Traditionally, banks and other lending institutions have distributed their own products. However as markets for mortgages have become more competitive, the role of the mortgage broker has become more popular. In competitive mortgage markets many lenders use an array of rate offers and other incentives to attract customers. To many consumers, due to their infrequent purchases of mortgage products, the mortgage market may appear confusing and somewhat daunting. A mortgage broker can guide them through the process of selecting a suitable mortgage and offer mortgage and property related financial advice
Common duties a mortgage broker carries out on behalf of the client:
mortgage broker brokers
Assessing the market to find a mortgage product that fits the clients needs at the lowest possible interest rate.
Applying for a lenders agreement in principle (pre-approval) Gathering all needed documents (payslips, bank statements, etc.)
Completing a lender application form.
Explaining the legal disclosures.
Submitting all material to the lender.