1. Provide Solutions
A good broker is able to offer suitable solutions with help of their expansive panel of lenders and mortgage products available to them. An experienced broker will usually have long standing relationships with a range of lenders.
2. Be cost effective
Using a broker doesn't necessarily cost more. Often it costs less because brokers have knowledge of the market and the ability to negotiate competitive premiums on your behalf. They stay up-to-date on the latest features and loans available so that they can give their clients the best solutions for their individual circumstances.
3. Reassure any doubts
A broker should make you feel comfortable, confident and content during the whole process. It is important that the broker takes the time to assess your financial situation and lifestyle to ensure the loan type and amount you're looking for is in fact the right fit for you and your circumstances.
4. Proven Qualifications
It is compulsory for mortgage brokers to provide credit advice by an Australian Credit Licensee holder. However, we believe it is important for brokers to continually improve their qualifications and training by joining associations and keeping up to date.
5. Create a lasting relationship
Understanding our client's needs is important to us, while your first home loan may be a significant step, it can also be a likely start of your property-purchasing journey, paving the way for your second and perhaps third investment.
Therefore a good broker should understand how important it is to stay connected with you.
This could be through a yearly phone call or even a simple email every few months offering you tips on how to manage your mortgage or reduce your repayments, refinancing or other subjects that may interest you in the future. Good relationships are important in any industry.