What is a mortgage broker?
A mortgage broker negotiates loans on behalf of the borrower with the chosen lender (which is usually a bank or credit union). They will do the legwork in terms of finding the most suitable home loan options based on our clients specific needs. They sift through the hundreds of options available and then present the most beneficial option to their client. When a product is selected, they will assist the borrower through the application process, right through to the settlement process.
How much does it cost?
Home Loan House offers free mortgage brokering services. That's right, it is free of charge to the borrower. Brokers receive a commission by the lender when the mortgage settles.