One of the main questions we get asked at Trusted Mortgage Broker is, ‘Why use a mortgage broker in the first place?’ Here’s a rundown of some of the benefits:
When you engage an experienced, professional mortgage broker, you get a whole lot more choice. Trusted Mortgage Broker gives you access to over to 25 lenders.
Comparing hundreds of home loans from dozens of lenders means we’re able to identify the right loan for you and, depending on the loan product, we can also negotiate a discount on your loan which can save you money over the life of the loan.
A quality mortgage broker will do all the legwork on your behalf. This includes liaising with the lenders, conveyancers, settlement agencies, real estate agents, accountants and builders.
One of the best answers to the ‘why use a mortgage broker’ question is that the importance of informed decision-making cannot be underestimated. There are hundreds of mortgage options out there, but what one is best suited to your particular situation? Every lender seems to use different terminology and product features, and of course every home loan is accompanied by lots of terms and conditions. So between the sheer variety of options and the overwhelming fine print, even making an ‘apples-for-apples’ comparison of lenders is a daunting task, let alone making an actual decision!
A good mortgage broker will carefully assess your situation before calling upon years of knowledge and contacts to identify exactly the right mortgage for you.
If you’ve been refused a mortgage by one lender, you won’t necessarily be refused by everyone. But knowing what lenders are more lenient and what lenders are very strict requires more than just a comparison of their websites. All lenders have different credit policies and overarching restrictions on who they’ll lend to. By engaging a broker with specialist knowledge of lender policies, you significantly reduce the risk of being declined.
An experienced and professional mortgage broker will also look after you for the life of your loan, and make sure the bank is looking after you. They’ll proactively stay in contact with you, periodically checking that your loan is still right for you.
Still wondering ‘why use a mortgage broker’? If you are, why not come to one of our info sessions? You’ll be pampered with lots of assistance to help you on your journey to purchasing your dream home in Australia.
Specialist mortgage broker Sue will guide you to find a solution to purchase a property Excited? You should be Come and find out how Sue helped others who never thought they would own a property