WHAT DOES A MORTGAGE BROKER DO?

I was recently interviewed about the current market by Mortgage Broker Maryanne from 360 Mortgage Solutions and in return, I asked her to write a guest post on my blog for me. Below is her explanation of what a mortgage broker actually does. (Watch the interview here.)

GUEST POST FROM 360 MORTGAGE SOLUTIONS:

As a Mortgage Broker I love nothing more than helping my clients to achieve their financial goals, but how is it I do that?

I fell into a job working for one of the major banks, and to be honest it was (in my mind) a stepping stone until I finished my University degree and became a school teacher.
Fast forward 10 years on, and I was still working in that bank, in fact I stayed there for over 13 years and what I learnt was invaluable.

I learnt how money works, how to compare the right loans, the real way, how to avoid paying interest on your credit card, risks of lines of credit and much much more.
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This provided me with really important knowledge, knowledge that (in my opinion) should be taught at school. Knowledge that, unless you have someone in your life to teach you, you may never know and therefore may make the wrong financial decisions.
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WHAT DOES A MORTGAGE BROKER DO?

So what do I do as a Mortgage Broker? I provide my clients with options to help them achieve what they are looking to achieve as well as educating them about their finances. This means they not only achieve the goals they are looking to achieve but they learn more about their finances along the way.
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In addition to providing options for clients, because I am a Mortgage Broker I also have the flexibility to:

• Shop around – I have access to over 30 Lenders with far more products, unlike a Bank, I can tell you who has a better deal
• Work around you – I go to my clients, at a time and place that suits them
• Ongoing Support – I work with my clients on an ongoing basis now and in the future
• Financial Knowledge – I love sharing tips and tricks to help my clients save money
• Network Support – I have a network of experts to help my clients as well as discounts on insurance and courtesy trailer to help with the move
• No Cost to you – I get paid from the bank or lender at settlement which makes my service free to my clients
• I work even when your bank is closed.

Maryanne from 360 Mortgage Solutions

HOW DO I GET THE BEST DEAL FOR MY CLIENTS?

When I meet with my clients I ask a lot of questions. These questions help me to understand what my client needs in terms of lenders and helps me to put a plan in place to help them get there.

My advice from client to client is different and that’s because everyone is different. For example I had a client who was purchasing their first home recently and after getting to know more about the family I discovered that they would need a lender who can offer them additional discounts to help them grow their property portfolio. We put them under a package loan with a lender that will allow them to grow as this was their main goal.

I also had a client recently who was at risk of losing their property as they had let bills get on top of them. Our plan for them was very different and involves stages to help them pay out the debts, get on top of their credit rating and eventually move to another lender which will offer them a competitive rate. The goal for this client was to get their finances sorted out and sleep comfortably.  

This is why I love what I do, for every client there is an option and unfortunately when you go to your Bank, they will only be able to talk to you about the options they can provide within that Bank. As a Mortgage Broker, with access to over 30 different lenders (and private funders too) I can tailor a specific solution to help my clients now and into the future.
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Written by: Maryanne from 360 Mortgage Solutions
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GET IN TOUCH WITH 360 MORTGAGE SOLUTIONS

If you would like to get in touch with Maryanne from 360 Mortgage Solutions, give her a call on 0412 862 811 or email her at maryanne@360mortgagesolutions.com.au

You might even see her at some of my open homes. :-)