{"id":22148,"date":"2022-08-08T16:44:14","date_gmt":"2022-08-08T06:44:14","guid":{"rendered":"https:\/\/www.purefinance.com.au\/interest-rate-real-talk-june-2022-2\/"},"modified":"2022-08-10T13:29:40","modified_gmt":"2022-08-10T03:29:40","slug":"what-makes-a-good-mortgage-broker","status":"publish","type":"post","link":"https:\/\/www.purefinance.com.au\/what-makes-a-good-mortgage-broker\/","title":{"rendered":"What makes a good mortgage broker? Here's what we think"},"content":{"rendered":"\n
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Let\u2019s be honest, there\u2019s a lot to sort out when buying a home. The process can be confusing and often overwhelming, especially the first time round. That\u2019s why many prospective home buyers choose to work with a mortgage broker.<\/p>\n\n\n\n

However, not all mortgage brokers are created equal, and while most claim to be working solely in their clients best interests, the unfortunate reality is that it isn't always the case.<\/a> On the flip side, a good and ethical broker can be a powerful way to help you achieve your goal of home ownership (particularly if your situation is a little bit \u2018out of the box\u2019) whilst also saving you time and money in the process. Plus, being a free service means that mortgage broking remains one of the few financial services that is accessible for everyone.<\/p>\n\n\n\n

Now, considering that we are mortgage brokers ourselves (we actually like to use the term \u2018mortgage advisers\u2019 - more on that below) we\u2019re obviously going to say that engaging a mortgage broker is a good idea. Don't worry, we're also rolling our eyes...<\/p>\n\n\n\n

But in all seriousness, with almost every member of our team hailing from outside of the finance industry, we\u2019ve always been driven to create the kind of finance company that we\u2019d want to work with ourselves.<\/a> So, we're putting ourselves in your shoes and as objectively as possible, we\u2019re listing the things that we<\/em> think make a good mortgage broker. In true Pure Finance style, some of them might surprise you (though, if you\u2019ve been around here for a while, they probably won\u2019t)! \ud83d\ude09<\/p>\n\n\n\n

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First up, what does a mortgage broker actually do and why would you use one?<\/h2>\n\n\n\n

Before we get into what makes a good one, let\u2019s have a quick chat about what a mortgage broker actually does, and why you might use one when getting a home loan.<\/p>\n\n\n\n

What is a mortgage broker?<\/strong><\/h4>\n\n\n\n

A mortgage broker acts as an intermediary between you and the bank when you\u2019re applying for a home loan. They\u2019re a financial services professional who helps property buyers access the right loan for their needs across a range of different lenders.<\/p>\n\n\n\n

What do they do?<\/strong><\/h4>\n\n\n\n

With an in-depth understanding of all the different banks and loan products that are available, they help property buyers navigate the complex world of home loans, from the research phase right through to application and then settlement - for free!<\/p>\n\n\n\n

What are the benefits of using one?<\/strong><\/h4>\n\n\n\n

While it\u2019s absolutely possible to apply for a home loan without using a mortgage broker, there are a number of benefits to having a good one by your side. Here\u2019s some of the main ones:<\/p>\n\n\n\n