mortgage broker

Who is a Mortgage Broker?

A Mortgage Broker helps you in the process of financing your loan. They work with lenders to find the right home loan to suit your needs.

Generally, a Mortgage Broker will start by sitting down with you to learn about your goals and requirements. They will assess how much you can afford to borrow and loan options to suit. If you have any questions related to your loan including interest rates, fixed vs variable, and fees, they will be able to assist. A Mortgage Broker will support you in applying for the loan and manage the process right through to settlement. 

If you are looking to purchase a new home, working with a Mortgage Broker will make the process as seamless as possible and save you time researching financing options. The best part is that it is usually 100% free for you to engage with a Mortgage Broker!

How do Mortgage Brokers get paid?

So if you arent paying a fee, how does a Mortgage Broker get paid?

Mortgage Brokers receive a commission from the chosen lender. Some Mortgage Brokers get paid a standard fee regardless of what loan they recommend and other brokers get a higher fee for offering certain loans.

What’s the catch?

There isn’t a catch when it comes to working with a Mortgage Broker, however, you do have to be careful when choosing the right person.

You should always check their experience and credentials. It is also important to know that they have relationships with several lenders so that you have plenty of options when it comes to choosing a lender. 

We recommend meeting with a Mortgage Broker and getting to know them well before using their services. You need to feel confident that they have your best interests in mind and that they will be able to support you with a very important financial decision.

How to find the right Mortgage Broker?

You may have friends or family members who have a recommendation for you, otherwise, you can look at your current network of financial providers.

At APS, we have a team of experienced and trusted Mortgage Brokers who are here to make your experience as easy and seamless as possible. As a not-for-profit organisation with plenty of connections in the industry, we always have your best interests in mind. 

Learn more about our free Mortgage Broking service.