Because they save you time and money
As the home loan market becomes increasingly complex, more people are turning to mortgage brokers. Here are some of the reasons why.
A Mortgage Broker can save you time
The choices now available to consumers in the home loan market can seem limitless and completely overwhelming. You can choose to research the subject, the lenders and their products yourself, or work with a mortgage broker who already has that knowledge.
A Mortgage Broker gives you choice
All mortgage brokers have a panel of Lenders from which they recommend a loan product. They have to become accredited with the lender to offer their product, and are required to keep up-to-date with their latest offers.
Mortgage Brokers can help find the right loan
The best deal is not necessarily the cheapest rate. A good mortgage 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 mortgage brokers don’t charge a fee for their service as the lenders pay them a commission for the loans they write. The majority of lenders offer the same rate via the mortgage broker as they would directly, and a mortgage 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 mortgage broker can help you avoid taking out a loan you might later regret.
Approximately 53% of consumers in today’s market now use the service of a mortgage broker when it comes to their home loan needs. With rates at historic lows and lender policies tight it’s not hard to understand why. Whether your a first home buyer, next home buyer or simply looking for a better deal, call your mortgage broker today to see what they can do for you.