Mortgage brokers are a great resource if you're concerned about finding the best home loan. With a wealth of knowledge and experience, they can help you pull together everything you need for your application and recommend the best solutions.
The best thing? Mortgage brokers usually come at no cost to the borrower.
About Loan Market
Loan Market has been helping Australian and New Zealand borrowers since 1994. It now has more than 600 mortgage brokers across the country who can meet with you to discuss your loan either in person or online.
It has a trusted partnership with real estate network Ray White, but has no affiliation with a particular bank or lender.
What lenders does Loan Market work with?
Mortgage broker groups have access to a panel of lenders. Loan Market compares more than 60 lenders and thousands of home loan products.
Lenders include:
- Adelaide Bank
- Alex bank
- AMP
- ANZ
- Bankwest
- Bendigo Bank
- Beyond Bank
- Bank Australia
- Bank of Melbourne
- Bank of Queensland
- BankSA
- Commonwealth Bank
- Firstmac
- Great Southern Bank
- Heritage Bank
- ING
- Macquarie Bank
- ME
- MyState Bank
- NAB
- People's Choice
- Pepper Money
- P&N Bank
- Resimac
- St George
- Suncorp
- Virgin
- Westpac
- Ubank
What can a Loan Market broker help me with?
Loan Market brokers can help borrowers who are looking to buy and refinance, as well as other more specific scenarios. These include:
- Buying your first home
- Refinancing your home loan
- Buying the next home
- Investing in property
- Construction and renovation
- Borrowing through your SMSF
- Commercial property
Many of them can even help in other areas of finance, like:
What does a mortgage broker like Loan Market do?
A mortgage broker takes a look at your financial situation and needs to find the best home loan for you. That doesn't mean they just look at the lowest rate.
A Loan Market broker will:
- Fee-free service: There is no cost to the borrower for using a mortgage broker. It doesn't come out of the loan either. The lender will pay the broker a commission.
- Save you time on comparison: Brokers will spend the time comparing loans so you don't have to. They also have relationships with lenders so they understand what the lender's appetite is before you apply. They can also negotiate for a better deal on your behalf.
- Recommend a selection: Brokers will provide you with 3 home loan options to choose from and explain why they've picked them, simplifying your decision-making process. There's no obligation to use one of these options if you're not happy with them.
- Application assistance: Beyond simply comparing the loans, mortgage brokers provide a full service where they will help you gather all of the relevant documents and they'll fill in the application for you.
- Ongoing service: Your mortgage broker will usually continue to check in with you to make sure you're happy with your loan over the following years. They'll do checks to make sure you're not missing out on a better deal anywhere else, and they can help you refinance if you are.
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