It’s truly a buyer’s market. There are so
many different mortgage lenders and offerings available for those wishing to
buy a house in Adelaide, and the selection can be confusing. Why don’t you work
with a mortgage broker who can do the legwork for you? Brokers don’t just find
the most about suitable mortgage loans for you based on your situation—they can
also arrange special deals and save you a lot of money in the long run. Of
course, it’s wise to shop around before you hire an adviser. Do some research
yourself, to ensure that the loan is indeed suitable and competitive to meet
your needs.
The key is to find a reliable
full-service finance broker that can negotiate with banks, credit unions, and
other lenders on your behalf to arrange a home loan. They can present to you a
wide variety of options and help you select the deal that makes most sense for
your goals. They also manage the entire application and approval process
through to settlement.
You might be wondering—who pays the
broker? In most cases, the credit provider gives the broker a commission. Some
brokers do not work for commission and will instead charge you a service fee
directly. Ask the mortgage broker about his or her fee structure and think
about whether you are comfortable with it. Don’t be afraid to consult multiple
brokers and compare their fees.
You also have to check that if the broker
is licensed. Financial brokers in Adelaide (and the whole of Australia) cannot
operate without a proper license. Search the professional registers of the
Australian Securities and Investments Commission (ASIC) to check if the
mortgage broker you are talking to is indeed licensed. You can also call ASIC
at 1300 300 630.
