When it comes to purchasing a property, it is important that you select the right type of loan, and a local mortgage broker can help you do that.

But do you know what to look for when deciding on a Sydney mortgage broker?

Before you can choose a mortgage broker, it is important to understand what they do. A broker acts as an intermediary between borrowers and lenders. He or she has access to a wide range of products through a group of lenders that he or she is accredited with, and the main goal should be to find the best, and most suitable financing options for you using the information you have provided.

Finding the right loan and lender can be tedious and confusing. It’s a tough call to find the best home loan deal on the market unless you have detailed knowledge about it.

And that’s where the value of a great local mortgage broker comes in.

The right mortgage broker can help you save a lot of time and money!

Most brokers will have access to around 90% of existing products, discounts and deals from lenders so they’re the best authority on this thing.

In a recent interview, MFAA’s CEO, Siobhan Hayden estimated that 50% of loans for property purchase in Australia are through brokers. In fact, she also stated 70% of Suncorp Bank’s loans come through Broker Channels. The face of mortgage lending has changed over the last 10 years, and it is likely to continue even more along the path of bank and brokers.

Australian consumers are intelligent buyers.  They use social media more than many cultures already.  By the time they are ready to talk, most consumers will have visited sites, Googled information about loans, and probably are bombarded with an overload of data.