Expert Mortgage Brokers

A mortgage broker is a financial professional who works on behalf of consumers during a home loan selection process. First Choice Mortgage Brokers specialise in finding the best home loans for clients, as well as helping them prequalify and complete the mortgage application process.

Mortgage brokers work as the middleman for banks and lenders. Usually, they will recommend a range of home loan choices that best match a client’s financial situation from the panel of bank lenders whom they work with.

Many Australians get help from a mortgage broker to save time and money, ensuring that they are getting the best value on their home loan. Even for complicated circumstances, First Choice Mortgage Brokers can help you. For example, we have experience providing mortgages to individuals who have just moved to Australia, self-employed individuals and people who have intricate business finances.

Good mortgage brokers provide the following services:

• Calculate your borrowing capacity, requirements and goals, which depends on your income, expenses, savings and any equity you have.
• Provide strategic solutions that would work best for you—catering to your must-haves and nice-to-haves.
• Any financial advice, including stamp duty, lenders mortgage insurance, pest inspections, council rates etc.
• Describe how each loan options works, from interest rates, costs and loan features.
• Apply for the loans you want and oversee the whole application process from start to finish.
• Supply a written quote including loan type, loan amount, loan duration, interest rates and fees.

At First Choice, our mortgage brokers and finance brokers are available for anyone searching for property loans, loans for small businesses, personal risk insurance and any financial advice in Sydney. We help first-time home buyers, refinances, developers, company owners, and individuals seeking lines of credit, self-managed super funds, and commercial mortgages.

A mortgage broker will form a strong relationship with you and will work with you to ensure you receive a home loan that suits you and your requirements.

A mortgage broker will aim to understand your personal circumstance which will include your short term and loan term goals as well as your needs and requirements. Your mortgage broker will take into consideration what you’re borrowing amount based on your personal finances and income. A mortgage broker will provide you with knowledge surrounding the best loan for your circumstances and needs, explain any loan options you may have and highlight what is involved including costs such as interest rates and included fees.

A mortgage broker will then assist you with the process of applying for your loan and will liaise with banks on your behalf. At First Choice Mortgage brokers our mortgage brokers are available to assist anyone with any loan enquiries you may have. If you’re looking for quality financial advice in Sydney, don’t hesitate to reach out to First Choice today to get started with your loan process!

At First Choice, we have developed many close relationships with over 30 of Australia’s leading banks and lenders. Therefore, our clients have a better chance of finding the most attractive and suitable loan plan for them.

In contrast, a bank will restrict the options presented to you and will not compare their deals with competitors, so, you will only receive a one-sided opinion on your loan. Therefore, when dealing directly with a bank, you cannot guarantee you are getting the best loan. Mortgage brokers provide clients seeking a home loan with much more choice and flexibility. You can rest assured with First Choice Mortgage Brokers for the best deal to suit your needs.

Unlike a bank, our mortgage brokers provide personalised customer service experiences. Each of our clients gets an assigned consultant for the entire duration of the loan with one-on-one time, allowing you to develop trust on a personal level.

First Choice Mortgage Brokers also provides competitive options and affordable interest rates. Unlike a bank, we charge nothing for finding the best home loan for our clients; it is a complimentary programme.

Mortgage brokers also simplify the home loan process a lot more than banks. We deal directly with the preliminary assessments and loan lodgements, so you don’t have to and with a much quicker approval rate. All our clients have to do is supply the required documentation and fill out the initial application.

Unlike bank consultants who are bounded by strict lending policies and loan procedures, First Choice Mortgage Brokers supply clients with specialised loans and flexible plans.

Don’t forget when dealing directly with a bank they can reject you! This can become frustrating as your loan procedure becomes longer and more repetitive. Don’t waste time; speak with a First Choice Mortgage Broker who can provide you with more options than offered by your bank.

At First Choice, our loan finding services are complimentary for clients. This is because our mortgage brokers are paid with a commission from banks as we supply clients to them, but the commissions are only paid after the home loan has been settled. Commissions are a percentage calculated by a number of factors, including loan-to-value ratio (LVR), size of loan etc.

It is a popular misconception that mortgage brokers advise their customers on unsuitable loans in order to maximise their commissions.

In reality – there is no ulterior motive behind your mortgage broker’s decision. We suggest a few good options for each of our clients and leave the final decision up to you. As holders of an Australian Credit Licence, it is actually against the law for us to assist you in applying for an unsuitable loan.

Since a mortgage loan is a long-term commitment, even a slight increase of interest will quickly add up. You could save thousands of dollars if you hire an experienced mortgage broker over a mortgage broker with limited expertise.

In fact, there are many differences between mortgage broker agencies and mortgage broker specialists themselves. For example, a large number of Australian mortgage broker agencies are owned by big banks!

• The Commonwealth Bank owns Aussie Home Loans (CBA).
• Several banks are shareholders of Mortgage Choice, which is listed on the Australian Securities Exchange (ASX).
• Fast, Plan and Choice are owned by a division of NAB Advantage.

Many more mortgage brokers in Australia are private businesses with little public information about their owners. But First Choice is a wholly owned Australian company with no lenders as partners.

Our mortgage brokers are up for a challenge! Along with the most complicated and complex problems, we can find solutions to any client’s needs and requirements.

Don’t just take our word for it! Check out our Client Reviews, which detail our strong expertise and knowledge as we are some of the country’s best mortgage brokers. If a bank has turned you down, we will help you find another option to accept your home loan.

Our professional mortgage brokers at First Choice will work with you to restore your credit history and locate a lender to consider your case.

When choosing a mortgage broker, it is important to find a mortgage broker who is experienced in the field and is highly reviewed either through personal recommendations or online reviews to show previous positive and successful experiences. It is possible to find a mortgage broker in Sydney through your lender or bank or through a mortgage broker professional association.

Reach out to the team at first Choice Mortgage Brokers to get started on your home loan application with the best mortgage broker in Sydney!

When meeting with a mortgage broker for the first time you may have several questions to ask them, which is why it is important to come prepared with all questions and queries you may have. Some of the most common questions people have for mortgage brokers include:

• Are there fees I will be up for when accepting this loan?
• Is this the best loan for my circumstance? Why?
• What is the impact of features and fees of my loan and how will it affect my repayments?
• Are there features that come with this loan?

Yes, a mortgage broker will be able to provide you with multiple options based on your personal circumstances and preferences. If you have preferences it is important to get your mortgage broker know as many people have an idea on the lender they are wanting to use for their loan, such as be the bank you are currently with. The role of a mortgage broker is to provide you with options and show you the comparisons between each lender and possible differing interest rates which make a significant difference to a long-term loan such as a home loan.

First Choice Mortgage Brokers are here to assist you at every step along the way to ensure the loan process is seamless. Our mortgage brokers will provide you with all relevant options and provide you with alternatives based on your preferences such as inclusions of features or searching for the lowest interest rate.

Working with a mortgage broker is beneficial for many people. Firstly, mortgage brokers have access to a wide range of lenders and products, which means they can help you find the best deal that suits your unique circumstances and needs. They can also negotiate with lenders on your behalf to get you better interest rates and terms.

Secondly, mortgage brokers can save you time and effort. Instead of having to research different lenders and their products yourself, a mortgage broker can do the legwork for you and present you with options that are most suitable for you. This can save you a lot of time and stress, especially if you’re not familiar with the mortgage market.

Lastly, mortgage brokers can provide valuable advice and guidance throughout the mortgage process. They can explain the various types of mortgages and the pros and cons of each, as well as answer any questions you may have. This can help you make informed decisions and avoid potential pitfalls.

A lender is a financial institution that makes loans directly to you. Such lenders are required to decide whether or not to approve your loan application, as well as decide what interest rates and loan terms to offer. Depending on your individual financial situation and credit score, lenders may make numerous offers. You will need to do some research and gather various quotes from different lenders to explore your borrowing options.

On the other hand, a finance broker does not lend money. The responsibility of a broker is to supply borrowers with the best financial advice in Sydney and help them find the best lender for their circumstances. They essentially work as the ‘middleman’ between the borrower and the lender.