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mortgage broker

Posted on by Mostafa Daher

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Do You Need a Mortgage Broker, and Why?

Mortgage broker can help you navigate through the various loan and  options available, to you and find the best interest rates and terms.

DB Finance can also help you manage your complex borrowing needs. before you start working with a DB Finance, it’s important that you understand the ins and outs of the process.

DB Finance licensed and regulated, member of FBAA and have external complaint body AFCA

What Is a Mortgage Broker?

Unlike a traditional mortgage lender, DB Finance Broker doesn’t fund loans. Instead, DB Finance helps find the best possible lender for you. DB Finance is a mortgage broker can act as a bridge between the borrower and the lender.

Since DB Finance has access to a variety of lenders for home, personal, cars and business, DB Finance can provide you with a wider selection of products and terms. However.

Unlike a traditional lender, DB Finance broker doesn’t close the loans themselves. Instead, they can help you manage the application to approval process by help you choose an ideal lender and gather all the necessary documents.

 

What Are the Advantages of Using a Mortgage Broker?

  • A mortgage broker like DB Finance can help you if you are buyer or refinancing your home to save time and stress by finding and managing the loan process because you are so busy in your day-to-day life and don’t have time and tools  to compare loans . DB Finance can help you with tools to access over 40 lenders. And can keep track of the details of the loan.
  • DB Finance as a mortgage broker can also help you find the best possible rate and terms, negotiate lower rates when possible,
  • A traditional lender. Whereas bank brokers only sell bank loans and do not even bother to tell customers about other offers, which DB Finance does.
  • DB Finance as a mortgage broker can additionally help you find the best possible rate and terms and help buyers save time and stress by finding and managing the loan process.
  • DB Finance can also in additions help non-traditional borrowers, who have less-than-perfect credit, or stopped trading for period of time find the best possible loan.

DB Finance as a mortgage broker can make the home-buying process easier, as can help you navigate through the various steps of the process.

 

Who Should Use a Mortgage Broker?

  • If you’re in the market for a home loan, refinance, SMSF, renovating or contraction loan and have no time and patience and need help from application to approval process, DB Finance can help you.
  • You’re not able to get a good credit score or been out of business for several years, and you’re not able to find a mortgage that will work for you. DB Finance can help you find the best possible loan for you.
  • You need help to access a network of lenders, as well as guidance regarding the loan process.

 

How Can You Find a Good Mortgage Broker?

Before you hire a mortgage broker, it’s important that you thoroughly research the company to find one that has the right personality and knowledge to help you with your home buying needs.

Before you start looking for a mortgage broker, it’s important that you talk to people who have already bought a home and have used their services. You can also check out the reviews of other people to see if they’ve had a good experience with the broker.

One of the most important factors that consumers should consider when it comes to choosing a mortgage broker is the quality of their service.

These are the third-party reviews that are posted on various websites such as Google. or reviews that are collected by the broker’s own website.

Talking to a mortgage broker can help you find one that has the right blend of professionalism, trust, and personality. It can also give you a good idea of the flow of the loan process.

Talking to a mortgage broker, will give you the necessary information to make an informed decision.

How Do Mortgage Brokers Get Paid?

A mortgage broker payment from lenders, it can vary depending on the type of loan that the broker is working with. Sometimes fees can be added to the loan amount like personal loans and in other cases will not be added like home loans

Home Loan Mortgage broker payment?

Independent Broker should  work 100% for the customers not the Lenders

Independent mortgage Broker should get paid by lenders for office work verifying and administrating the information from the client and lodging all application on behalf of the client only.

By using DB Finance Services its 100% free to customer, we charge no fees, and we are 100% working for customers,

we are member of FBAA (Finance Brokers Association of Australia Limited).

And we have external Finance Complaints authority for any complain AFCA (Australian Financial Complaints Authority)

 

How to Avoid Problems with Mortgage Brokers

It’s important that you research to make sure that you’re getting the best possible service and the broker is working for you . Doing so can help you feel more confident that you’ve chosen the right person.

Independent broker in Australia must be:

  • Member of FBAA or MFAA………………………………… (DB Finance Member of FBAA)
  • Member of external complaint body like AFCA (DB Finance member of AFCA)
  • Get your credit Quote…………………………………………..(DB Finance Provide Credit quote and 3 lenders to choose from, tell you how much you can borrow,  interest rate and repayment before application)
  • Not working for specific lender………………………….( DB Finance don’t work for any specific lender)
  • Also, important to make sure that they can communicate effectively with you and you.

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