Things to Know About Mortgage Broker - PowerPoint PPT Presentation

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Things to Know About Mortgage Broker


Are you looking for a licensed mortgage broker? Our new mortgage brokers can provide professional advice to help you find the best mortgage finance solutions. Before using a mortgage broker here are a few things you need to know. For more visit or call on 1800 883 007. – PowerPoint PPT presentation

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Title: Things to Know About Mortgage Broker

Things to know about Mortgage Broker
What is a Mortgage Broker
  • Licensed and regulated financial professionals
    who act as a middleman between you and potential

  • Does not use his/her own funds to generate
  • Gathers paperwork from a borrower and passes that
    paperwork along to a mortgage lender for approval
    and underwriting
  • Lent with the name of the mortgage lender, and
    the mortgage broker gathers an origination
    fee from the lender as compensation for services

Pros and Cons of Utilizing a Mortgage Broker
  • Pros
  • Works on a borrowers behalf to get the lowest
    available mortgage rates and/or the best loan
    programs through several lenders
  • Saves the time of borrower during the application
  • Saves a large amount of money of borrower over
    the life of the loan

  • If a loan originated through a broker is
    declined, the broker applies with another lender

  • Cons
  • The number of lenders a broker accesses varies by
    his approval to work with each lender
  • A borrower has right of entry to lenders the
    broker does not
  • A loan officer from a large bank may keep a
    borrower on hold for an extended period of time
    due to the officers working with few borrowers
    at once

How to Choose a Right Mortgage Broker?
  • Ask friends and relatives for referrals
  • Learn all you can about the brokers service,
    communication style, level of understanding and
    approach to clients
  • Another big source is your real estate agent
  • Some real estate organizations offer an in-house
    mortgage broker as part of their suite of
    services, but youre not forced to go with that
    company or individual

Contact Us
La Verne Capital Pty Ltd. Suite 7/104 Wigram
Street, Harris Park NSW 21501800 883
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