We’ll cut to the chase — using a mortgage broker makes your life easier and puts you in the best position to be approved for finance.
A good broker (like Arch – woo!) will get to know you, your situation and your goals, and then use their expertise and connections to find you a lender that works for you.
But – the truth is, you can go straight to the bank yourself and apply for finance without the help of a broker.
So, the question is, why use a broker? What are the benefits?
Let’s break it down.
Brokers are paid by the lender, not by you
Mortgage brokers are free.
We’re not saying we do this out of charity, but it’s the banks that pay our fees – not the client.
Just as home buyers are competing with each other for properties, banks are competing to lend money to the right people.
That’s why they pay us – not the other way around.
Not only do you benefit from our expertise, but just think about the time and effort you will save on searching for lenders yourself. And all at zero cost – it’s a no brainer!
We simplify the process
Instead of you applying with several different banks and lenders yourself, your lender will act on your behalf to find you a lender that is willing to offer you finance.
Think of us as your agent – moving and shaking around the big end of town, representing your best interests.
Banks are some of the biggest institutions in Australia, so it’s no surprise that the average person can feel overwhelmed by the process, or simply not have the time in their busy lives.
When you use a broker like Arch, we sit down with you to understand your:
- Financial situation
- Future goals
One we have all the information we need from you, it’s then our mission to reach out to banks, lenders and our contacts to find finance that’s perfectly fit for you.
As the loan application moves forward, we’ll also guide you through every step of the process, translating the financial mumbo jumbo into everyday language you understand.
We have the expertise to realise your financial goals
You may be swamped with terms you don’t understand, confusing jargon or just feel like you don’t know what step to take next; a broker will be able to answer all your questions.
Your broker will be able to answer common questions that all borrowers have, and explain the best solution for your particular situation, like:
- Choosing between a fixed and variable rate
- The difference between an offset and redraw account
- What kind of conditions you should have in your contract.
Essentially, Arch will be able to explain any part of the finance process that you are unsure of.
They have contacts
Mortgage brokers have extensive contacts in the finance industry – in banks, alternative lenders and the other third parties you need for a smooth and simple settlement.
After all, it’s our job to know what’s what and who’s who in the mortgage game.
In addition, different lenders offer finance packages that are more suited to certain profiles of borrowers than others. A good mortgage broker will have a network of contacts at their disposal and will be able to take everything they know about you and apply it to a lender they feel will be a good fit for you.
Finally, our market knowledge is often a massive help in those early stages of looking for a home. At Arch, we can supply you with suburb reports on any area you’re house hunting in, keeping you steps ahead of the competition.
Get in contact with Arch Brokerage today
Wondering where you can find a broker than can do everything listed above, and more? Well, it’s your lucky day – you’ve already found them.
Arch Brokerage is here to help you realise your dreams. We know that a mortgage is a tool to help you reach your end goal, but finding the right mortgage will benefit you long into the future.
And – it all starts with finding the right broker.
Get in contact with Arch Brokerage today for a zero-obligation chat and see if we’re a good fit for you.