Choosing the right mortgage broker in Perth
With Perth experiencing a property boom thanks to the continuing strength in the resources sector, the competition among mortgage brokers in Perth is high. For the Perth homebuyer, this is great news because the increased competition means that you will have a far better choice when choosing a mortgage broker to help you get the best possible home loan deal. Here we provide some tips on finding the right Perth mortgage broker.
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Find a mortgage broker with a wide choice of home loans
When choosing a mortgage broker, you need to feel confident that they will get you the most appropriate home loan at the lowest possible interest rate. So, the first thing you need to look for in a Perth mortgage broker is the range of home loan products that they can offer you. If a mortgage broker deals with only a few home lenders, then they may not be able to get you the best possible deal. When speaking to any Perth mortgage broker or when researching on their website, make sure to check their product range and list of home loan providers.
Do they know their products?
You should also feel confident that they know the products that they offer. They should understand the fees and charges and be able to compare interest rates among other home loans. If they do not have a good understanding of the home loans they are offering, then perhaps you should try another Perth mortgage broker. Also, make sure that they can explain everything to you in plain English.
In order to get the best possible deal, they will also need to ask you about your current financial situation and future plans. If they do not, then they will not be able to offer you the most suitable home loan product.
Mortgage brokers in WA
Mortgage brokers in WA are not licensed financial advisors which means they are under no obligation to find you the best deal. Mortgage brokers in WA should not ask you for an upfront fee. In fact, most WA mortgage brokers only receive commissions from the home lenders and will not ask you for a fee for service at all.