Finding a Mortgage Broker on the Gold Coast

Posted on: 31.05.2016

First Steps

Finding a Mortgage Broker and getting your finances in order should be your first step, before looking at properties. There are hundreds of Mortgage Brokers across the Gold Coast. Some that have been in the industry for 2 months and others 20 years +.

A home loan is often the biggest financial decision most of us will make in our lives. Ultimately you’ll need to be comfortable knowing that you’re with a knowledgeable, experienced mortgage broker. A good place to start is of course google, not to find a broker, but to do some research about home loans for yourself.

Home Loan Research

First, It’s important you understand a few of the basics, a few terms and definitions to check out are:

• LVR (Loan to value ratio)
• The pros/cons of both Fixed interest rate packages and Variable interest rate packages as well as other loan types. —> Check out different loan types
• The interest rates available at the time – Fixed rates and Variable rates. (These may be competitive and negotiable by your broker depending on the loan amount and LVR).
• What an Offset account is. —> Check out typical loan features
• What a pre-approval is.
• What documents you will need to prepare for an appointment with a Mortgage Broker. —> Check out document checklist

Finding a Mortgage Broker on the Gold Coast

Instead of clicking on the first Mortgage Broker that pops up on google and going ‘that’s the one for me’. Have a look through some of the others, look for consistency across their social media platforms and informative blogs. Check for reviews and testimonials.

Their Facebook business page ratings are a great way to cross-check for other satisfied customers, as the business cannot delete bad reviews this keeps it fair for the top performers and exceptional Mortgage Brokers.

Summary

So, now that you know the basics after doing your research, you’ll know reasonably early in the process whether their trying to help you or themselves.

All the best with your finance and property purchase. If you have any questions, please don’t hesitate to reach out and request a call or email at your earliest convenience.

Kind regards,

The Uprosper Team