What are some of the benefits of using a mortgage broker?

When looking at setting up a home loan, most people will head straight to their bank, unaware they could be missing out on some major perks that come with using a mortgage broker. Using a mortgage broker to choose your home loan offers a variety of benefits, some of which you might have never considered, so we’ve outlined some of the major benefits below:

​ADVICE

Home loans are much more than just interest rates. A mortgage broker can explain the various features of different loans, which can make a big difference to your bottom dollar. Factors such as the ability to make extra repayments or having access to a loan offset account may end up being key factors in your selection process. Having someone to take you through the pros and cons of different options can be extremely valuable in ensuring you end up with the right home loan for you.

CHOICE

Mortgage brokers have access to an extensive range of policies and packages, and because they deal with an array of lenders directly, brokers can even access policies you may not otherwise be able to find. There are a huge number of policies out there to choose from, which can often be confusing and time consuming to sort through on your own.

TIME

Using a mortgage broker means you save valuable time by having someone on your side, putting in the hard yards for you. Your broker will assess your needs, borrowing capacity and overall financial position, then find the loan options most suited to you.

Your broker will walk you through the finer details, making sure you understand the entire process, from pre-approval through to settlement and beyond.

COST

While it's not always the case, most mortgage brokers can offer their home loan service FREE of charge to their clients, because the lenders pay a commission when the loan is settled. This means you can tap into all the benefits listed above at no cost to you.

Whether you need assistance to purchase your first home or you’re looking for an investment property, we have specialist brokers with expert knowledge and an extensive range of lenders to ensure you get the best possible deal!

 
Happy home hunting!