Save money by being proactive with your mortgage

Finance.Often borrowers mistakenly believe that all lenders are the same and that there is no scope to reduce loan costs.

But that’s far from the truth. Those who have already sought assistance from yourTrusted Mortgage Broker will know this to be true. So, if you haven’t yet worked with a Trusted Mortgage Broker, get in touch and start saving.

All lenders are not the same                 

There is actually a good deal of difference between lenders on interest rates, fees and credit policies, and borrowers can potentially save thousands of dollars by engaging a mortgage broker to find you the best deal. Did you know that some “cheap” home loan products which are advertised to the consumer have many hidden fees attached to it? Your Trusted Mortgage Broker will always bring this to your attention.

Get organized

It’s important to ensure that your ‘financial house is in order’, as there is no point in asking your lender for a better deal if you’re always late making loan or credit card repayments for instance.

Save and keep credit in check

Borrowers have the best chance of success if they have a savings record, are up-to-date with all of their bill payments, and have resisted signing up for any additional debt.

This is increasingly important as more and more of your repayment history is being recorded on your personal credit file, which is carefully scrutinised by lenders.

Lenders look at the credit limit on your credit cards as a liability you may have in the future, even if you don’t currently owe a cent.

Informed people get a home loan health check

A ‘health check’ with an experienced Trusted Mortgage Broker who has access to information on home loans from multiple lenders can prove very helpful.

Trusted Mortgage Brokers have access to a vast array of products and services across a panel of lenders.  As such, they can tailor a solution to suit your unique personal requirements.

Often, just going to another bank for a better product offering may give you the leverage needed to negotiate with your preferred lender – and a Trusted Mortgage Broker will do all of the negotiation on your behalf.

Trusted Mortgage Broker has a great range of mortgage calculators to help with all those tough decisions that come with finding the right loan. Have a look at our calculators on our website to help you further. www.trustedmortgagebroker.com.au/calculators/

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About the Author

Sue Hayter

Sue's service commitment is fantastic. At Trusted Mortgage Broker we work with our clients to ensure they understand their options, know exactly how much they can borrow and ensure they choose the right home loan and the right lender that is not unsuitable to their individual needs.

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