So what does a Mortgage Broker/Advisor actually do?

This is a question I get asked all the time and quite frankly there is no simple answer. It really depends on what our client needs from us.

A Mortgage Broker used to be someone who simply put together and coordinated applications of behalf of their client and received a commission from the lender. Some brokers also sell insurance and give investment advice.

At Morgan Financial Solutions we have made a conscious decision to become specialist lending advisors. We also have business partners who specialise in Insurance and Investment Advice who we get to contact our clients regarding these services. We believe in specialist advice for our clients.

So the question really should be what does a lending advisor actually do? At Morgan Financial Solutions talk to our clients about what their goals are and look for the best option to help them attain those goals. We also help people through the whole process from when they recognise they need a loan to when the money hits their bank account.

Some of our clients use our service simply because of the convenience, some because they have tried to do things themselves and have been unsuccessful. We are now seeing more and more clients coming direct to us as they realise they have no idea what to do themselves. They realise that they need specialist advice, after all if they are buying a house it is probably the most expensive thing they have ever purchased.

Recently we have:

• • Helped clients purchase their first home

  • Helped save a client from a mortgagee sale

  • Restructured a client’s commercial and residential lending saving them $ 8,000 per annum in interest costs

  • Arranged a number of personal loans for clients

  • Helped clients purchase Residential Investment property