With so many different lenders and credit providers to choose from, you may decide to get a finance or mortgage broker to do the legwork for you. Brokers can help you find out about suitable loans or credit packages and arrange special deals.

 

Mortgage brokers have regular contact with a wide variety of lenders, some of whom you may not even know about. The alternative to working with a broker is to call up dozens of lenders and compare their mortgage terms and rates on your own. A broker saves you the time and headache of having to do that. 

 

Some lenders work exclusively with mortgage brokers and rely on them to be the gatekeepers to bring them suitable clients. Brokers may also be able to get special rates from lenders due to the volume of business generated that might be lower than you can get on your own. 

 

There are several different types of fees that can be involved in taking on a new mortgage or working with a new lender, including origination fees, application fees, and appraisal fees. In some cases, mortgage brokers may be able to get lenders to waive some or all of these fees which can save you hundreds to thousands of dollars. 

 

 

Your n1 loans broker will:

 

Evaluate your needs

Your n1 broker will work with you to get a detailed picture of what you need from a home loan.

 

Calculate borrowing power

Your mortgage broker will calculate how much you can borrow so that you know the price range you can afford.

 

Compare your options

Your broker will compare and contrast hundreds of home loan products from up to 40 lenders, including the big four banks.

 

Give expert advice

The banks are competing hard for your business. Your broker will provide expert advice to help you choose the home loan deal that's right for you.

 

Do all the legwork

Your broker will do all the paperwork and follow through the entire process with the lender from start to finish, making it as hassle-free as possible for you.

 

Pre-approval

Your broker may even be able to get you pre-approval on your home loan so that you can make an offer on a property or bid at auction with confidence.

 

All at no cost to you!

Your broker will do all of this at no charge to you because the lenders pay us a commission when the mortgage is settled. This doesn't affect the deal you get from the lender.