Why Use a Mortgage Broker?

Many potential clients ask us why they would consider using us as opposed to going directly to the Bank themselves. This is a fair question if you ask me, so these facts will hopefully clarify this for you.

Mortgage Broker Sunshine Coast

Mortgage Broker vs. Bank?

Years ago everyone went to a bank, no questions asked, there really wasn’t an alternative.

The problem was that if one bank couldn’t help you, you would have to visit bank after bank until you found one that could. And even then, how could you really know whether you were getting the best deal in the market?

Then along came the mortgage broker. This was fantastic, as it also bought about significant competition into the heavily, big bank dominated market. This ultimately resulted in far more competitive pricing for all clients.

A mortgage broker is essentially a professional lending specialist who looks through all of the different lenders possible products and finds two to three loans that are not only the most competitive available from over 30 lenders, but also ensures that all the features and benefits that you require are included in the selection.

Ultimately you make the decision, however you know that the decision is based on your own parameters, and represents the most suitable and competitive loans available from a large pool of lenders.

The Lending Myth

The most significant myth that exists is the fear that you are paying more to use a mortgage broker than you would by going to the bank directly.

That simply is not true!

The Lending Specialist earns their commission from the bank, not from you the client.


Making it Easy!

Remember when you had your own bank manager that you could call to help you when you needed some extra funds to put that pool in, or to buy that investment property?

Relationships were paramount, and you returned to that person time and again as they looked after you. Now it is very rare to have that kind of relationship from a bank.

A Professional Lending Specialist can build that relationship with you and manage several lending relationships between several banks. For some investors for instance, they do not want all of their eggs in one basket, and having the same contact point for all of their loan facilities is a very convenient way of managing their lending.

We help you complete all of the necessary paper work, take the stress out of the application by managing the application through credit and as we know the lending policies of each lender, ensure that the loan is submitted with everything required to make it a smooth process.

So why choose a Mortgage Broker over a bank?

The most significant myth that exists is the fear that you are paying more to use a Professional Lending Specialist than you would by going to the bank directly. That simply is not true! The Lending Specialist earns their commission from the bank, not from you the client, and they will generally find a more competitive loan package than you can on your own.

  1. We do all the running around for you, saving you time and making the task of finding a home loan easy and unconfusing.
  2. We are members of the professional broker association, MFAA and have all completed our Certificate IV in Mortgage Broking.
  3. Our Professional Lending Specialists hold qualifications recognised within the industry and most consultants are degree qualified as well.
  4. We offer over 500 products from 30 different lenders.
  5. Loan Wize has been working in the industry for over six years…we did not just spring up yesterday!
  6. We provide you with a written contract for your protection which discloses all commission and payments received.
  7. We do not sell our own home loans and therefore are not an agent for one lender in disguise.
  8. All loan recommendations are based on listening to your needs, which are then analysed using advanced computer software that will provide you with a short list of loans to choose from.We then provide you with a formal comparison of any loans recommended including the upfront and ongoing fees and the comparison rates.
  9. After your loan is finalised, Loan Wize will be available for any further inquiries you may have.

Remember, we are professionals with many years experience in the finance industry, and our business is all about giving you total satisfaction. We understand how banks think, and therefore take the stress out of dealing with them directly. We become your personal advocate with the lender to ensure that your experience is a great one.

We are also here for you when you need to ask a question. Anytime!

What our clients say:

I have used Jon personally for my lending requirements…. I can highly recommend him and his associates…..I particularly like that he is local and understands the local market, but brings professionalism and expertise that he has developed over his career. Jon is an expert in his field having worked for one of the big four banks for numerous years…. I have no hesitation in recommending Jon for your lending requirements. Wayne Staal, Noosa

Jon helped me to get finance to purchase a rural property and through his experience and relationships with the lenders, the lending solution Jon provided for me was far better than anything I could of anticipated or achieved myself. He also managed to refinance my existing investment loans with a much better interest rate as well, making my new purchase much more affordable. I would definitely recommend Jon’s services to anyone seeking finance. Melissa Crossman, Emerald

I have known Tammy for over five years both on a professional and personal basis. I have always found Tammy to be competent, ethical and personable. She is highly qualified in her field and if you are looking for a loan broker who will look after you, then I highly recommend Tammy. Sharee Miller, Business Owner

Jon is a can do person. His knowledge of his industry is second to none and he always works to achieve the best possible result for his clients. He is very enthusiastic and a pleasure to do business with. David Clegg, National Distribution Manager, Barossa Vines

I have known Jon for some time now and have found him to be a true professional. He operates his business with honesty and integrity. It is always a pleasure to do business with Jon and the team at Loan Wize. Sue Copelin, Business Banking Manager, ANZ

Jon has vast knowledge and experience in all areas pertaining to finance. He is extremely client focused and passionate about helping creating wealth for all of his clients. I have referred some of my closest friends and family to Jon and have no hesitation about doing it again in the future. Tim Ford, Business Development Manager, OzInvest

I have known Tammy as a Finance broker for many years and was delighted when Loan Wize joined Connective in 2010. Tammy is friendly people person, always working diligently to achieve the best outcome for her clients. Tammy is well recognised within the Finance industry for her professionalism, integrity, lending knowledge and experience. Barry Jannese, Qld. State Manager, Connective

I would recommend Tammy to anyone. her knowledge of her industry is second to none & Tammy has a can do attitude. Tammy is very switched on & extremely client focused. David Clegg, National Business Development Manager, Investment Property Central

Caroline in her role as support officer always delivered excellent service.  She is always happy to answer questions and at all times she was extremely professional, dependable and courteous. The level of communication was exceptional.  There were many calls, emails and I always knew what stage my application was up to through to approval.  The information was conveyed in an easy to understand manner. I was extremely impressed with the professional standard which Loan Wize and Caroline delivers. Thank you. Naomi Coffison – Bundaberg QLD

As a nervous first time buyer, entering the Property market could have been quite daunting.  However, with the professionalism, knowledge and support that we’ve received from Caroline at Loanwize, our experience has been surprisingly stress free and simple.  I’d strongly recommend Caroline and all at Loanwize for their professional manner, attention to detail and great service. Nick Francis – Little Mountain

Tammy is a highly regarded professional in the mortgage industry and has a passion to provide clients with an outstanding level of service. Tammy recently attended an advanced course in mortgage planning to provide clients with a greater understanding how to assist clients to better manage their mortgage. Darryl Benn, Principal, The Mortgage Planner Group