Have you considered using a mortgage broker to find the right loan for you? Some mortgage brokers are not tied to one bank or financial institution and it is in their best interests to secure the right loan for you.

Brokers offer a service to borrowers which involves matching a borrower’s needs with a loan from the panel of banks or financial institutions of the broker.

Brokers provide choices
Mortgage brokers offer various loan packages from banks and financial institutions.

Brokers save you time
A good broker has all necessary information of the available loan packages in the market and therefore are able to provide you with the various options detailing the loan packages available. This enable you to compare the interest rates, repayment schedules, fees and other features of the various loan packages, eliminating the time consuming process of mortgage research.

Brokers simplify mortgages for you
The general public finds themselves confuse with the various loan packages available and sway by the banks’ aggressive advertising of the best rates. Worse still you will not read the fine prints and comprehend the shortcomings of such loan packages. Over the years, borrowers have found themselves with a home loan which is just not right for them, leaving them to put up with it or pay huge penalties to get out and take a better deal elsewhere. Brokers will uncover and simplify the process and explain the pros and cons of the loan packages available.

Brokers offer impartial and unbiased advice
A bank officer is familiar with the loan packages of his bank only and therefore not able to offer the best (as well as impartial and unbiased) advice to you. Brokers are able to give impartial and unbiased advice on the pros and cons of each loan package.

Brokers’ services are FOC
The best part of the deal is it doesn’t cost you any money! Brokers are paid by their panel banks and financial institutions. The fee payable to the brokers does not increase the interest rates and fees payable by you to the bank or financial institution. You pay the same interest rate and fee, regardless whether you obtain the loan package concerned through a broker or direct from the bank or financial institution