Please reach out at 0499 549 594 or
simon.halman@affinityfs.com.au if you cannot find an answer to your question.
The mortgage broker acts as an intermediary between the client and the lender in terms of home loans and the mortgage process. The mortgage broker works with you, the client, to find the right kind of home loan that works within your financial budget and works within the type of home that you need.
The mortgage broker makes their money by being paid a commission by the lender.
The broker will primarily make sure you can afford the loan and that also assumes you can afford the loan at higher interest rates. They will then find you the cheapest interest rate on the product which meets your needs. We usually set up a time to meet so you can ask as many questions as you like. They will then collate all the information, package an application how the lender wants to see it and then submit the application on your behalf.
A mortgage broker works as a “finder” for lending institutions to find clients who need lending services. Think of it this way, clients in search of a home need lending services, lending institutions need clients to borrow money from them to purchase homes. This is where the mortgage broker comes into play and tries to pair clients with lenders to facilitate home loans to help out both.
A mortgage lender is the lending institution that was referenced in the above paragraph. Mortgage lenders don’t go around scouting for clients as that’s what mortgage brokers do. Mortgage lenders have the much-needed capital sought out by clients to purchase homes with.
Working with a mortgage broker is most beneficial to you as the broker will do all of the legwork on your behalf in terms of researching the best lender to go with in your unique financial situation. If you had to do the research yourself, you would be saddled with making multiple phone calls, inquiries, and possible travel to each lending institution directly.
Affinity Financial Services, utilize the most state-of-the-art systems and algorithms to match up clients with lending institutions to get the best rate possible and the best chance for having your loan approved.
We start with a consultation with one of our representatives to get a better sense of who you are and what financial goals you have. We’ll get the proper paperwork in order from you during the consultation and get the process started in finding the right lender for you.
We’ll provide updates during every step of the process until final approval of your home loan.
Copyright © 2022 Affinity Financial Services - All Rights Reserved.
Simon John Halman (Credit Representative Number 507802) and Halsim Pty Ltd (Credit Representative Number 539330) are credit representatives of Purple Circle Financial Services Pty Ltd ABN 21 611 305 170 Australian Credit License Number 486112.
Affinity Financial Services ABN 31 658 392 691
Powered by GoDaddy
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.