Home Loan Brokers and Home Loan Negotiators

If you want help finding and choosing a home loan, mortgage brokers and home loan negotiators are a good place to start.

Home loan Negotiators.

Home loan negotiators are like streamlined mortgage brokers, and are free to consumers. They can nail the big banks down for the best terms on your mortgage fees, interest rate and other conditions.

Pros:

• Free, expert mortgage advice. To figure out what type of home loan is right and understand the tricksy features and fees
• A market professional to negotiate the best deal on your behalf
• Potentially lower rate and fees than advertised by the big banks

Cons:

• You do your own paperwork

Find out more about Mozo's Home Loan Negotiators.

Mortgage Brokers

There's a lot to choose from, and many mortgagees simply go with who they know. Here are Mozo's top tips for choosing a home loan lender... What do they do?

• Figure out the best home loans to suit your needs
• Negotiate on your behalf to get the best deal
• Handle the paperwork

What do I get?

• Mortgage brokers have special relationships with home loan providers, so you can get a great special deal
• It's free (kind of). Brokers usually take a commission from the mortgage provider, rather than charging you a fee
• You get expert advice and save yourself time

What's the catch?

• Brokers' special relationships can make their advice less than objective, so it's possible there's a better deal out there you don't know about

Always remember to...

• Find out how many home loan providers the brokers work with
• Find out the total cost of any recommended home loan
• Ensure your mortgage broker is a member of the Mortgage Industry Association of Australia

Compare mortgage brokers in your local area with Mozo.