Wednesday, March 18, 2020

What can you expect from a Mortgage Broker Melbourne?

Are you in the search for the best Mortgage Broker in Melbourne? Then, this article is the one you need to know all about selecting a Mortgage Broker in Melbourne. Although many Mortgage Brokers are claiming to offer the best loan product, we have hand-listed some of the essential qualities which you might expect from a good Mortgage Broker. So, let’s dive into the topic without any further ado.
More work with fewer dialogues

Does your Mortgage Broker talk a lot without providing you with the best solution? Then, maybe this is the best time to think of changing your broker for a better choice. Being one of the leading channels for solving your financial woes, you can expect them to answer your questions. This step is required as they need to understand your requirements and simultaneously curate the best home loan product. No matter what your needs are, starting from arranging a new loan or consolidating all your debt, they can help with everything.

They can offer more options

Unlike traditional banks, the Mortgage Broker can provide a variety of options when it comes to your loan requirement. This is because they are not limited toa product range offered by one lender, but they have access to over 100 products to suit different profiles. So, you won’t have to move from one Mortgage Broker to another in case any discrepancy occurs. What’s more? You can also get the best interest rate as Mortgage Brokers are updated with various promotions extended by banks at any given time, so you have access to the best interest rate in the market.

More chances of approval

When you opt for a Mortgage Broker in Melbourne, you can always expect more chances of approval. Different banks have their own policy when evaluating your loan application. The policies are not exposed to borrowers. The success of the application is uncertain to borrowers until the loan application is lodged and assessed by the bank. Having this knowledge available to brokers, brokers know it upfront which lender will approve your loan, the size of the loan and criteria sought by each lender. A broker could also advise whether you should apply for a loan or wait until you satisfy other conditions such as more savings, more income, reduced short term debt such as credit cards, the acceptable security type, security value, and the list goes on. This will save a greater degree of your time, stress and unnecessary trail in your credit file.

Hence, when you are looking for a faster and streamlined loan approval, choosing a Mortgage Broker might be the most viable option for you.

They do all the paperwork

Applying for a mortgage loan by yourself can take most of your time, as you need to fill in lengthy forms. Thus, when you hire a mortgage broker, they do the work for you so that you can get the best value. Their work includes a comparison of interest rates, investigation of credit policies and selection of the best loan for your requirement. Although this step may seem old school, it prevents you from paying a hefty amount of interest over time and a high level of stress.

Customer service is always prioritized

Unlike Loan Officers working in a bank, the remuneration structure of mortgage brokers is not set, and hence, they only get their fee after they successfully close a deal. Thus, if you are looking for a more lenient and customer-oriented approach, then a Mortgage Broker is the best option. This implies that they must maintain greater accessibility to their clients and simultaneously provide a quick and productive solution in case of an issue.

How is Rands Financial Services topping as a Mortgage Broker?

Being one of the well-known and highly reputed Mortgage Broker in Melbourne, Rands Financial Services provides a wide range of services. These include home loans, debt consolidation services, investment property loans, commercial loans, car loans, personal loans, and many more. Moreover, they are also available in various suburbs, including Berwick | Clyde North | Cranbourne | Cranbourne North | Fountain Gate | Hampton Park | Narre Warren | Narre Warren South| St Kilda| Caulfield| Melbourne CBD. Furthermore, having a customer-oriented team, Rands Financial Services often brings attractive deals and discounts for their clients. So if you are seeking to buy your first home, an investment property or looking forward to consolidating your debt, contact us today for a free assessment and decide what we do our best.

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