More than half of all Australians taking out a mortgage are doing so with the help of a mortgage broker.
There are literally hundreds of different loan products available. With so many lenders, and so many products under each of their brands, it’s so important you make the most of this when it comes to such a critical decision as to who and what you choose when it comes to your home loan.
Whilst this makes it harder for you to choose the right loan, it does mean that there’s likely a lending solution out there that will meet your needs. It’s just a matter of finding it. And that’s where a mortgage broker comes in.
So why use a Mortgage Broker?
Because they can save you time and money.
As the home loan market becomes increasingly complex, more people are turning to finance broker . Here are some of the reasons.
A Mortgage Broker can save you time
The choices now available in the mortgage market can seem limitless and completely overwhelming. You can choose to research the subject, the lenders and their products yourself, or work with a finance broker who already has that knowledge.
A Mortgage Broker gives you choice
All finance broker have a panel of Lenders from which they recommend a loan. They have to become accredited with the lender to offer their product, and are required to keep up-to-date with their latest offers.
A Mortgage Broker can help you find the right loan
The best deal is not necessarily the cheapest rate. A good finance broker will examine your circumstances and future plans to recommend a loan that is right for you. Having an appropriate loan which works for you can help you build wealth.
Most Mortgage Brokers don’t charge you
Most finance broker don’t charge a fee for their service as the lenders pay them a commission for the loans they write. Most lenders offer the same rate via the finance broker as they would directly, and a finance broker could save you money in other ways.
A Mortgage Broker can help you avoid pitfalls
Many products seem to offer a great deal but they could have penalties, fees and charges you may not be aware of. Or, they may not offer the flexibility you require in the future. A finance broker can help you avoid taking out a loan you might later regret.
Using a mortgage broker is a smart way to go:
- They provide real choice, looking to find you the right deal
- They work with multiple lenders, keeping competition alive
- They may negotiate a better outcome
- They help at a time and place that suits you
- They do the legwork for you
If you need a recommendation for a Mortgage Broker, please give Kath a call on 0458 912 906!
