Posted on 2017-12-08
These days, more and more Australians are turning to mortgage brokers to find competitive home loan solutions. In fact, over 52% of Aussies are now turning to mortgage brokers, according to a 2015 report by Deloitte.
This isn’t just a trend and it’s expected that the percentage of Aussies using brokers will rise.
Brokers are delivering exceptional value to borrowers who want to find the most competitive rates possible, or borrowers who need a customised loan solution such as a second chance mortgage.
But there are other reasons, too. Generally speaking, when you work with the right broker, you aren’t treated like a number. Your broker is there to work with you to find a home loan, refinance or business finance solution that speaks to your individual needs.
Here’s how your broker will have your back when you really need them:
We all like options. When we have options we are able to make an informed decision and we have greater peace of mind that the product we select is the right one. When you work with a mortgage broker, you have access to a wide range of products from a range of lenders as opposed to just one. Your broker also understands the products and they can give you knowledgeable advice about the pros and cons of each.
This is good because it means when you sign the paperwork, you have a really good understanding of how to use the features of your loan, and all bank fees are explained so there are no uncomfortable surprises. No one likes uncomfortable surprises.
One of the best times to turn to a broker is when you need a solution to a finance problem. This can include getting a new home loan or refinancing an existing home loan when you have bad credit. ABN or self employed loans also fall into the custom category, as well as unique income loans and loans for unusual properties. If you work with a good mortgage broker, they won’t judge your tricky situation, rather, they will have your back to give you the best chance for approval.
Most homeowners don’t have the time to educate themselves on the hundreds of products banks and non-bank lenders have. While there are many loan comparison sites, they often only list basic features of loans and do not give you solutions. That’s where your broker steps in to save you a massive amount of time and do all the leg work for you.
If you’re in need of a mortgage solution call one of our friendly brokers who can help find a loan suited to your unique circumstances. Call us today to get started.