What is the difference between a mortgage broker and a lender?

A mortgage broker acts as an intermediary between borrowers and lenders. They have access to different loan programs from various lenders and can help you find the best loan terms for your needs. A lender, on the other hand, is a financial institution responsible for approving and funding loans.

What are the benefits of using a mortgage broker?

Mortgage brokers have access to a wide range of lenders and loan products which can be beneficial if you're looking for a tailored loan. They are also able to negotiate better rates than most individual borrowers. Additionally, they can provide valuable advice regarding the home buying process and help ensure that all paperwork is completed correctly and in a timely manner.

Does using a broker guarantee approval for a loan?

Using a mortgage broker does not guarantee loan approval. A broker can provide advice and assistance with the application process but ultimately loan approval is determined by the lender based on their criteria.

How often should I review my loan?

It can be beneficial to review your loan when you anticipate a change in income or other financial circumstances that could affect your ability to make payments. It's also important to consider refinancing if interest rates drop significantly compared to the rate on your current loan.

Mudgee

Loans in Mudgee

Loan Application, Refinancing & Consolidating Debt Assistance

Contact East Coast Finance Group in Mudgee

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Comprehensive Loan Services

With its relaxed atmosphere and numerous outdoor activities, there’s no wonder so many people are choosing Mudgee for their next property purchase. The mortgage brokers at East Coast Finance Group can guide you through the loan application process, help you consolidate your debts and refinance your current loan. We have access to an array of loan options from major banks and lenders across Australia.

Our loan services cover:

To find out more or to book a consultation with our team, contact us today on (02) 4956 9909.

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Book a Loan Consultation Today

Call (02) 4956 9909

Make an Informed Decision About Refinancing

If you're considering refinancing, it's important to weigh the benefits against the risks. On one hand, refinancing can be a great way to lower your monthly mortgage payment, save money on interest and tap into your home equity if you need cash. However, there are potential fees and costs associated with refinancing. That's why it's important to do your research and work with a reputable lender who can help you navigate the refinancing process.

Our team can help you evaluate your options, taking into account your rates/fees, credit history, savings and the features of your current mortgage. Ultimately, the decision to refinance is a personal one, but with our help, you can make an informed choice that meets your needs and financial goals.

We work with reputable lenders and boast extensive industry knowledge. Call East Coast Finance Group for an obligation-free chat with one of our friendly mortgage brokers.

Get In Touch

Contact Us

terry@eastcoastfinance.com.au

Find Us

Mudgee, NSW 2850

Call Us

(02) 4956 9909

Trading Hours

Monday: 9:00 am - 8:00 pm
Tuesday: 9:00 am - 8:00 pm
Wednesday: 9:00 am - 8:00 pm
Thursday: 9:00 am - 8:00 pm
Friday: 9:00 am - 8:00 pm
Saturday: Appointment Only
Sunday: Appointment Only

Frequently Asked Questions

What is the difference between a mortgage broker and a lender?

A mortgage broker acts as an intermediary between borrowers and lenders. They have access to different loan programs from various lenders and can help you find the best loan terms for your needs. A lender, on the other hand, is a financial institution responsible for approving and funding loans.
What are the benefits of using a mortgage broker?

Mortgage brokers have access to a wide range of lenders and loan products which can be beneficial if you're looking for a tailored loan. They are also able to negotiate better rates than most individual borrowers. Additionally, they can provide valuable advice regarding the home buying process and help ensure that all paperwork is completed correctly and in a timely manner.
Does using a broker guarantee approval for a loan?

Using a mortgage broker does not guarantee loan approval. A broker can provide advice and assistance with the application process but ultimately loan approval is determined by the lender based on their criteria.
How often should I review my loan?

It can be beneficial to review your loan when you anticipate a change in income or other financial circumstances that could affect your ability to make payments. It's also important to consider refinancing if interest rates drop significantly compared to the rate on your current loan.