Services Offered by Mortgage Brokers

Mortgage brokers primarily assist their clients with finding suitable home loans or mortgages. They assess the financial circumstances of their client, compare various loan options from different lenders, negotiate terms with lenders, and guide their client through the application process.

A mortgage broker has access to a wide variety of loan products and lenders, some which may not be available to you directly. They can save you time by comparing these options for your specific needs and negotiating on your behalf. As they have an understanding of the industry and its requirements, they can also make the application process smoother.

Typically, mortgage brokers are paid commission by the lender once a loan is successfully arranged - so there shouldnt be direct cost for you. However, some brokers might charge fees for their service separately from what they receive from lenders, especially if your case is complex or involves additional work. Its important to discuss fee structures before proceeding with any brokers service.