Choosing the right Melbourne mortgage broker

Finding the right home loan is no easy task thanks to the wide range of home loan options from both the more traditional banks and the newer non bank lenders. This wide choice of home loan products has helped to dramatically increase the number of Melbourne mortgage brokers helping home buyers in Melbourne find the right home loan. Here we offer some practical tips on how to find the right mortgage broker in Melbourne that will best suit your situation.

DOMDocument::loadXML(): Empty string supplied as input

Looking for a great value home loan with super fast approval?

Get Pre-Approval online & get a response in minutes with MyRate.

Step 1 Do you own research first

You don't need to sit for hours and hours pouring over the brochures from all the different home loan products available. That's why you go to a mortgage broker in the first place. Just be aware of the various options available and the type of benefits and the fees and charges. Also, you'll want to have an understanding of the different interest rates & home loan types on offer. It will definitely help you to have some understanding before you meet with any mortgage broker in Melbourne. We are here to help, use the wealth of information on this site as a reference.

You can start your research by visiting our home loan resources page.

Step 2 Research mortgage brokers in your area

Find out about the various mortgage brokers operating in your part of Melbourne. Speak with family, friends, colleagues and other professionals such as financial planners, accountants and solicitors for any recommendations. You can also search through our list of partners on our home loan resources page. Visit a number of websites. Ensure they are providing you useful information and its not just a big promotional sales pitch. Choose a mortgage broker that deals with a wide range of home lenders.

Step 3 Contact the mortgage brokers you are interested in dealing with

This will give you a good idea of what that particular Melbourne mortgage broker can offer you. Many mortgage brokers now have professional websites which will enable you to submit your contact details & they will contact you. When you contact your mortgage broker of choice consider:

Do they have a good understanding of the home loan products that they offer?
Can they explain the various home loan options to you in plain English?
Are they professional in their approach?
Will they visit you at a time convenient to you in order to understand your financial situation and explain the various options available to you?

Step 4 Choose the Melbourne mortgage broker you feel most comfortable with

Always choose a mortgage broker that you feel comfortable with. They should sit and listen to what you want and they should ensure that you fully understand your options. If you feel that they are trying to push a particular product onto you, then perhaps you should seek the advice of another mortgage broker.

Mortgage brokers in Victoria

Remember also, mortgage brokers in Victoria are paid by commissions from the home lenders they deal with. They do not usually receive a fee for service. And if they ask you for an upfront fee, then your best advice is to look elsewhere as mortgage brokers in Victoria should not ask for a fee before they provide you with any advice

DOMDocument::loadXML(): Empty string supplied as input

Digg this Post page to del.icio.us Post page to Furl

Home Loan Info.com.au

Home Loans Australia

Refinancing Information

Home Loan Information

Mortgage Broker Information

Featured Home Loan Information

Home Loan Redraw Facility How Can It Benefit You?

Today, there are many different innovative features available on home loans. Some of these features, including redraw facilities, can help you save money on the total interest costs of your home loan over the term of the loan. Here we look at the redraw facility and how it could benefit you.

Got no financial records? Don't worry, you may still get a home loan

If you have little or no financial records, in the past you would have found it very difficult getting a home loan. These days however, there are home loan options available to you with no doc and low doc home loans. Here we take a look at the home loan options available to those without the detailed financial records normally required by home lenders.

Useful tips for buying a house Guide to buying a house

Buying a new home can be a daunting experience whether you are a first home buyer or an existing home owner. Here we provide home buyers with some tips on buying a new house.

How interest rates are determined in Australia

In Australia, the interest rates used to calculate mortgage repayments are guided by the official interest rates set by the Reserve Bank of Australia (RBA). The RBA will change interest rates from time to time in order to control inflation. Here we look at interest rates including why they might rise or fall and the different interest rates that apply to home loan mortgages.

Canberra Home Loans Mortgage Information

If you are looking for information about a Canberra home loan, you have many options available to you when it comes to choosing your home loan. Here are just three home loan options you will have when seeking finance for your new home in Canberra.