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What is a Mortgage Broker?

If you made it to this page, you would have clicked past the bold, enlarged, capitalised text that greeted you on our home page; the four words that just about sum up what we do here at The Newstead Group.


"WE ARE MORTGAGE BROKERS"


Yep - we didn't want you to miss it.


But you might be wondering - what is a mortgage broker? Keep reading to find out!




Let's start with the basics; our job as mortgage brokers is to use our industry knowledge to present you with products tailored to your wants and needs in a home loan. Whether you are a first home buyer, looking to refinance and find a better borrowing option than the one you currently have, or looking to invest - we will help you find the most competitive products amongst our panel of lenders that suits your unique position. Essentially, we want you to have more time to focus on the important things like finding your dream home, while we do the heavy lifting.


In Australia there are a multitude of banks and lenders offering a plethora of products that are constantly changing. It is our job to stay on the pulse of the industry and all of its complexities, so that you don't have to. With hundreds of home loans on offer, we draw on our industry connections and knowledge of policies, products and lending capabilities to present you with the most fitting options for you. With our connections, we can get things moving as quickly as possible to help you reach your goals sooner.


This speaks to the appeal of using a mortgage broker as opposed to going straight to the bank, or multiple banks if their policy doesn’t suit your scenario. Lenders rarely advertise their specific policies; you just have to know who does what well. This is where mortgage brokers come in; it is their job to have these memorised and have the ability to compare, clarify and do the hard yards behind the scenes to present you with the competitive lending options and products.

So, how exactly do we do this? Well – the first step is getting to know you! After booking in with us, during the first meeting we can really get the ball rolling or set out a clear timeline with a game plan in mind. (We have more info about this process coming soon so be on the lookout). We want to learn exactly what you want out of this journey so that we can provide you with the relevant advice and information to assist you with making a decision about what suits you. We want to set you up for success by understanding your financial circumstances and prioritising your personal goals and ambitions to find a home loan that will best fulfil these. To do this, we make ourselves available around the clock to assist you day and night – we are only a phone call or an email away! Once we agree on the right loan, we take care of the application and get everything in place, managing the process on your behalf.


So, to recap, we as mortgage brokers filter through the multiple home loan products and lending policies on offer from a range of lenders and provide you with the information and guidance to assist you to secure a home loan that suits your needs. We will liaise with the chosen lender on your behalf and we’re very much in your corner from day one until settlement. And it doesn’t stop there. Once settlement takes place, we’re still just a phone call away and we will intermittently check in to see how you’re going and where possible, even attempt to reduce your interest rate every year.



Wondering what our mortgage brokers can offer you? Get in touch with us here at The Newstead Group and we would be happy to answer any questions you may have.


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