Kym Nitschke of Nitschke Nancarrow discusses several key ways a mortgage broker can help you successfully get through the application process for your next personal, home, or business loan.
Do You Really Need a Mortgage Broker?
Mortgage broking is one of the invaluable services we offer at Nitschke Nancarrow. You may have wondered whether or not a mortgage broker is necessary to secure a loan.
With so many diverse loan options available in Adelaide, how can you make a wise choice?
Consulting a mortgage broker provides many advantages. Consider six of the ways that a broker can help smooth out your loan application process.
- Takes all of your financial circumstances into consideration.
You may not fully realise just how your current financial situation affects your loan prospects. A mortgage broker carefully assesses your situation and will make recommendations which best meet your needs.
- Does the research to provide you with a variety of banks and loan options to choose from.
The first loan option your local bank offers may not be right for you. To determine what’s best, you have to do a lot of research. Do you have that kind of time? The experience and knowledge of a broker will put a greater range of loan choices within your reach.
- Negotiates and handles all dealings with the mortgage lender.
Because there is a broker to manage the process, you don’t need to have any interaction with your loan provider. This too saves you on time – and headache!
- Organises the mortgage process from start to finish.
There’s no need to worry about compiling important documents or meeting deadlines. Your mortgage broker will ensure that everything happens exactly as it should and you’ll be kept up-to-date on the status of your application. At no point will you have to feel alone or lost in the process.
- Has an established relationship with the loan provider.
Mortgage brokers, in general, are already familiar with the procedures of many local banks. This means that they will be well-versed in the options the bank provides. This also helps to enhance communication during the loan process.
- Handles issues which you don’t need to be bothered with.
As the middle man, your broker will spare you the hassle of addressing annoying problems with your mortgage lender. Instead, you can use your time to focus on planning for your new home or business. Most things will be taken care of before you are even aware that there was a problem.
A mortgage broker could make you next loan application process an easier experience than you ever realised. Call Nitschke Nancarrow at our Adelaide office on (08) 8379 8950 or send me an email to learn more.