For first home buyers in particular, the quickest way to understand the lending and property market conditions and the best loan for you is through talking to a mortgage broker. A mortgage broker has access to a large range of financial institutions and hundreds of financial products to suit your needs.
A mortgage broker provides you with options. Instead of you doing the leg work and chasing ten different banks for their best rate and compare their fees and charges, a mortgage broker will do all the hard work for you and provide you with the service a bank cannot. Your mortgage broker will provide you with an efficient and cost-effective method when looking at your home loan options. They have the expertise to structure your loan in a way which could save thousands of dollars during the life of the loan. They will let you know which lender has the right product which is suitable for your situation.
They will make the whole process easy and smooth for you and get the right loan for you by preparing all the applications and forms and submit it to the lender and liaise with them right to the settlement of your loan and even after that by being your credit adviser for future loans.