What is a mortgage broker and what do they do?
A mortgage broker is very much like an insurance broker in that they will:
identify your requirements;
identify mortgage options that meet your requirements;
act as your advocate in negotiations with lenders; and
arrange all paperwork necessary to secure the mortgage.
Effectively, in a market where you are literally spoilt for choice, the role of a mortgage broker is to wade through the good, the bad and the ugly and ultimately arrive at a solution that best meets your current and future needs.
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