FinancingMortgage & Finance

Calling Mortgage Brokers

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Remember the old days when seeking a Home Loan we would visit our local bank branch & personally speak with the manager. You’d be on first name terms, would discuss how your day has been, how well the kids are going at school and generally catch up with each other. You hadn’t seen one another since aunt Gladys’s birthday BBQ three months ago. Those days are gone forever and now we are numbers and profit – nothing more.

Mortgage Brokers are awesome

Mortgage Brokers changed the mortgage model for all eternity with a more personal approach, visiting clients homes & sharing a cup of coffee. Getting to know you and you knowing them.

A broker’s job is to compare mortgages offered by lenders and find one which suits your specific needs. Bank employees are paid even if your mortgage is declined or you go somewhere else, whereas a broker is only paid when you have the mortgage approved and in your hot little hands.

A good mortgage broker will follow up and ensure your mortgage is performing for you, and potentially move you to another lender if a better deal comes along. They do all the work!

Brokers are nearly the most important person in your house hunting life, we recognise that and call upon Western Australian brokers, big or small, to join us and blog your thoughts, market directions and your unique insights.

Personal Experience

We recently built a new home in the Mandurah area. My wife has been a loyal customer for a major Oz bank for 35 years and she decided our mortgage should be with them as well. She said “they know me & I’ve been with them for ages”. I tried to convince her banks have changed and they don’t care how long you have been a customer – it counts towards nothing! The deal offered by her bank was passable, but it required a lot of work and time off from her job – chasing things up etc.

We decided to at least meet with a broker. Win win for us! They found us a better deal and did all the running around. We said “This is our deposit, these are the plans, this is the block” and they sorted it. In two years time when the fixed interest rate expires they will find us a better deal and move us to another bank if we so choose. Again, they do all the work!

It is in your best interests to speak with a number of respectable brokers.

If you are a broker, use the Contact link at the bottom of this page.

Author: Craig | Email | Website |

Webmaster for WoZ Builders & various other sites. Computer programmer for 30 years with emphasis on Windows Applications & Databases. Three children & five grandchildren. My wife, of 25 years, and I recently built a new home in Mandurah. Our building experience highlighted need for WoZ Builders website.

Craig

Webmaster for WoZ Builders & various other sites. Computer programmer for 30 years with emphasis on Windows Applications & Databases. Three children & five grandchildren. My wife, of 25 years, and I recently built a new home in Mandurah. Our building experience highlighted need for WoZ Builders website.