Mortgage Brokers
Many people are unfamiliar with mortgage brokers and the benefits they can offer. The information provided here will
explain the purpose of a mortgage broker and the advantages they provide to a loan applicant
What is a mortgage broker?
A mortgage brokers is a financial expert in the mortgages sector. This means that they are highly experienced in the
home loans industry, and are up-to-date with the financial climate and all loan products available on the market. Moreover, mortgage brokers do not
charge any fees to their clients - their income is via commissions paid by lenders. For a client,
a broker can assist in the following ways:
- Finding the best available home loan to suit your needs, taking into account
your current and future financial situation. With a professionally selected home
loan, you can save thousands of dollars in loan repayments
- Determining your borrowing power, taking into account your current and future
financial standing
- Determining your eligibility for the government's first home owners
grant or savings accounts
- The measures used by lenders to determine if you qualify for a given loan can be very complex. A broker will liaise with lenders to determine
your eligibility for any loan product
- Selecting the parameters of a loan (for instance, the number of years for which a fixed rate loan should be fixed) can be very difficult for
the average person to work out. A broker, with their extensive knowledge of the financial climate, will be able to help you select the best options for
your loan.
- The quantities of paperwork associated with taking out a home loan can be huge. Your mortgage broker will handle all of the paperwork required
for you to take out your loan
- Keeping you up-to-date on the progress of your loan application at all stages of
the application process
- Your mortgage broker will be available throughout the life of your loan to help you with any queries or problems you experience
Why should I choose a Green Choice Mortgages broker over any other broker?
Green Choice Mortgages brokers have a number of advantages over other mortgage brokers in the industry:
- Access to the most advanced, up-to-date loan tools in the industry
All Green Choice Mortage Brokers are members of National Mortgage Brokers (nMB), one of
Australia's largest mortgage broking aggregators. The lender, qualification, comparison, and applications tools provided by nMB are updated daily, and allow a broker to make the best
decisions for your needs. For more details on the tools our brokers use, have a look at our Green Choice broker mortgage tools page.
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Independence
Green Choice Mortgages brokers are independent of lenders, so they will always choose the best availalble product for you from our entire panel of over 30 lenders, regardless of the
lender supplying that loan. Our rigorous code of conduct means that brokers will
always act in the best interests of their clients.
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Environmental responsibility
Green Choice Mortgages donates 20% of all profits to environmental charities. For more information about why we do this, please visit our about us page.
If a mortgage broker is paid a commission by lenders, what stops them from recommending lenders who pay the highest commissions?
Our brokers adhere to a rigid code of conduct which ensures that they always put their
clients first, endeavouring to provide the best possible advice and service to their clients.
How can I arrange a consultation with a mortgage broker?
To get in touch with one of our nationwide mortgage brokers, please visit our online applications page, and a broker will be in contact with you shortly.