Working with a

broker

When navigating the world of finance, there are countless options available to you from hundreds of lenders. That’s why more than seven out of ten Australians choose to work with a broker.
working with a broker

What does a mortgage broker do?

A mortgage broker can help you understand your borrowing capacity and options when it comes to purchasing property. Loan Market brokers compare a panel of over 60 lenders to create a shortlist of products that suit your needs and play hardball with lenders to ensure you get a competitive rate. 

Loan Market brokers will:

Work in your best interests

Research the market to find the right loan for you. Negotiate a competitive deal on your behalf. Only recommend products and services that are suited to your needs.

Save you time and hassle

Do the legwork for your application. Meet on your terms, online, offline, anytime.

Be by your side, always

Here for your today, tomorrow and future goals. Help you with a range of financial needs, from home loans to business loans.

Why use a broker?

By choosing to work with a broker, you can save yourself time and be sure you end up with a product that is right for you. Going directly to a bank will limit your options to the products they offer. A Loan Market broker has access to over 60 lenders and thousands of products. This means they are more likely to find a loan that suits your needs and offers a competitive rate.

A Loan Market broker is also by your side from start to finish. They can help you understand your borrowing power, suggest loan products, manage the application process and ensure settlement runs as smoothly as possible. And it doesn’t end there. Your broker can also help you with other loans, including car loans, and check your loan remains competitive over time. This could mean negotiating with your current lender or finding one that is better suited as your circumstances or the market changes.

What is the process when working with a broker?

When you meet with your Loan Market broker, they will take time to understand your circumstances and goal. They will then calculate your borrowing power and let you know if you are eligible for any schemes or grants. Then they will show you which products are suited to your needs and take charge of application through to settlement.

It will look a little like this:

Discovery
You answer some questions online about your circumstances and goals.

Meeting
Your broker will talk through your needs, calculate your borrowing power and discuss your options.

Game Plan
After further in-depth research, your broker will present you with your personalised Game Plan, providing tailored solutions and recommendations to meet your goals.

Application
Your broker negotiates with your lender of choice and prepares your paperwork. Once you have signed, your broker will do the legwork to get it approved.

Approval
This is the moment we live for. Getting your loan approved. Once the lender gives the nod, your broker arranges the paperwork for you to sign.

Settlement
There is a lot that happens on settlement day, and your broker works closely with your lender to ensure it runs as smoothly as possible.

Today, tomorrow and beyond
Your broker is by your side for life. From checking in to make sure your loan continues to be competitive to helping you find the right car loan.

Does it cost money to see a mortgage broker?

Many services offered by a mortgage broker are free to you*. They get paid by the lender you choose. If a service is a little more complex and fees are involved, you will be told upfront so you can make an informed decision.

*Your broker may charge a fee to cover additional time required by our team. Any fees will be discussed with you in advance so you can make an informed decision before proceeding with your application.

Your next step

starts here.

Make it happen

Let us know what your goals are and we will connect you with a Loan Market broker directly.

Find a broker

Find a broker close to you, or set up a video call at a time that suits you.

You might find this

interesting

Borrowing power calculator

Find out how much you may be able to borrow to purchase property.

Budget planner calculator

Understand how much money you have coming in compared to what you spend using this calculator to help you identify where you could save.

Loan repayment calculator

Understand the amount you will need to pay your lender before you apply for a home loan and ensure you can comfortably meet your repayments.

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