Why use a Mortgage Broker? |
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An AlphaLoan Mortgage Group broker:
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Why not go directly to the Bank? |
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Easy – why limit your choice? It’s crazy! You don’t go to a supermarket and only shop in one aisle – so why do it when shopping around for a home loan? A Bank or lending institution will only be able to provide you with products or services from its particular range. AlphaLoan Mortgage Group however will be able to provide you with a choice from 28 Banks and lending organisations with more than 500 products, ensuring that you get the right loan for your particular circumstances. |
Does AlphaLoan Mortgage Group have or market its own Home Loan products? |
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No - definitely not! Our business is about finding you, our customer, the most suitable product or home loan for your needs. We do not have any home loan products of our own. |
How do you get paid? |
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Simple – AlphaLoan Mortgage Group gets paid by the Bank or lending institution every time it settles a loan with them. It is important to note too that the fee for service provided by the Banks or lending institutions to AlphaLoan is not in any way, shape or form added to your home loan. As a result we do not need to charge a fee for most loans. It is unlikely that we will charge any fees if your situation is not complex, and you are keeping the loan for over two years. |
Who regulates AlphaLoan’s activities? |
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AlphaLoan Mortgage Group operates as an Full Member under the governance of the Mortgage and Finance Association of Australia (MFAA). Membership of the MFAA comes with strict criteria regarding ethics and codes of behaviour. Transgression of these ethics or codes may result in the suspension of our license to operate. |
How do I know that a Mortgage Broker is not steering me to a particular loan because it will pay him/her the highest commission? |
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For one, this is highly unethical and AlphaLoan Mortgage Group is committed to maintaining the highest ethics in all of its operations. We also are committed to disclosing to you any fees we would receive as part of a home loan settlement BEFORE you make your choice of product. We do this to put your mind at ease so we can get on with the most important item of business; that is, getting YOU the best possible loan for your particular circumstances from our panel of 28 lenders. |
Why the name AlphaLoan Mortgage Group? |
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Many people have asked this question, and no, it is not to get at the front of the White Pages!!! One of the various meanings of the word “Alpha” is “best”. And this is what we do for you… that is… find you the best possible loan for your individual circumstances from our panel of lenders. Another definition of the word “Alpha” is “the brightest star in any constellation”. And when you think about it… that is what our role is in serving you. Out of the hundreds of home loan products available on the market, it is our job to find you the “brightest” or the “best” out of a countless range of choices. So there you have it… the real reasons why we chose the name “AlphaLoan Mortgage Group”! |
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