In the Canberra area within the Australian Capital Territory (ACT), you may notice that there are is a big rise in the real estate market. Whether you’re buying your first home, wanting to have your dream home built, or whether you’re wanting to refinance your mortgage and not go through a specific bank, you are more than likely going to have to rely on a mortgage broker. In this guide, we’re going to give you some of the best advice on how to find the best mortgage broker.
What Makes a Good Mortgage Broker?
One of the biggest things that you’ll want to make sure of isn’t that your mortgage broker is just looking to close a “sale”. Instead, the best brokers actually will put customer service as their primary forte, and for good reasons. They’ll happily tell you about any commissions that they’ll receive. You want a mortgage broker to have a great attitude and be willing to tackle a lot of paperwork for you so you don’t have to do all of it with your busy life.
Check References, and Experience
When it comes to finding a good broker, don’t ever hesitate to look at reviews on the company to see how many of their 5-star reviews actually exist or are legitimate. Ask around, and see if anyone can give you a good word. Also, don’t just jump on the fact that some people are going to leave a bad review on search engines either, as often times, competitors actually pay people to do this to help boost their own reputation while hindering their competition’s.
You’ll want to make sure that your mortgage broker is qualified and fully educated, as well as have a Finance and Mortgage Broking certificate. Don’t just believe that this is enough though. You’ll also want to know just how long they’ve been in service as well.
Look Into their Lender’s List
Also called a lender panel, most brokers only have access to a variety of banks and lending companies that they can use. You’ll want to know exactly what lenders they have on this panel, and how many lenders they’ll have on the list. You’ll want to choose a broker that has a good number so they can regularly draw on them to make sure that you get the home loan you’re going to need.
Say What Again?
Making sure you understand every single technical term and lingo is important. Sometimes you may not understand a quip or phrase, and you need to ask them to explain it for you. The best mortgage brokers are willing to explain anything to you in layman’s terms so that you’ll understand every single detail of your loan process. They’ll also make sure that you get every single bit of what they say in writing.
When you’re wanting the best home loans Canberra, you’ll want to head over to Grapevine Mortgages, where they have years of experience in providing hassle-free experiences to hundreds of borrowers in the area. They offer their services free to you, and you can get the same interest rate or a better one by using their service, rather than having to do all of the hard work by yourself.