Frequently Asked Questions

What is a mortgage broker?
A mortgage broker specialises in helping individuals and businesses obtain mortgage financing. They act as intermediaries between borrowers and lenders, researching and sourcing mortgage options from a variety of lenders to find the best possible rates and terms for their clients needs. Mortgage brokers guide clients through the application process, including the pre-approval, documentation, and underwriting stages. They also help clients with refinancing, transfers, providing guidance and support throughout the entire mortgage process.
Is it worth going through a mortgage broker?
A mortgage broker can be a valuable resource for individuals seeking a mortgage as they have access to a wide range of lenders, negotiate for competitive rates and terms, save time and offer guidance throughout the mortgage process. With their in-depth knowledge of the mortgage market, a mortgage broker can help clients navigate the various options available, understand the pros and cons of each option, and provide expert recommendations to find a mortgage solution that meets their unique financial needs and goals.
What’s the difference between working with a broker or bank?
By working with multiple lenders, mortgage brokers offer a wider range of home loan options, compared to the limited loan options offered by a single bank. It is in their best interest to get you into one of their products but this may not be in your best interest. Dealing with a mortgage broker allows you to access multiple loan options by simply consulting with one person – your mortgage broker. With their extensive network of lenders, mortgage brokers can help you find the best home loan option that meets your unique financial needs and goals.
How to choose the right broker?
To choose a good mortgage broker, look for someone with experience and a positive reputation, access to a wide range of lenders, and who communicates professionally and transparently. Ensure they are licensed and accredited, and enquire about their fees and charges. A good mortgage broker will work in your best interest and help you find the best mortgage solution for your unique financial situation.
How much does it cost having a mortgage broker?

The fees and costs of mortgage brokers can differ based on the broker and the services they provide. Some brokers may charge an upfront fee or a percentage of the loan value. At Finance Empire, we generally don’t charge any additional fees to borrowers for our services, we receive a commission from the lender directly. If a fee is going to be charged this will be communicated in our initial conversation.

How do I get started?

That’s easy. Book in your initial discovery call with one of the Finance Empire team. Once we have had our chat we will be able to guide you through the next steps.

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