3 reasons why a mortgage broker will make your home loan easier

When you think of a home loan, words like stress free, simple, or saving money probably don’t come to mind. Stress and confusion would probably be closer to the truth, but it doesn’t have to be that way with the help of your local mortgage broker.

They will work in your favour, in order to get you the fairest deal and the most suitable home loan possible, often at no cost to you. Not convinced? Let’s look at three reasons why the right mortgage broker can make your home loan easier.

The entire process will be managed for you

There are so many little details to sort out when it comes to your home loan. Leave them in the hands of an experienced professional, who will talk with you to understand your financial situation then tailor a loan solution to you.

This will include negotiating with your lender, selecting the most suitable products for you and explaining the entire process in plain English. Great brokers don’t stop there either – they’ll stay in touch after your loan is organised in order to help with questions, problems or changes.

It’s no wonder that, in a 2016 First Home Buyers Australia survey, 38 per cent of buyers said mortgage brokers were the most trusted and useful service during the process.

Access to a number of loan products

Interest rates, fees and charges can vary by as much as 2 per cent from just one lender. Plus there will usually be a range of different products available, each customisable and suited to a different type of borrower.

A mortgage broker will wade through the offerings from countless lenders, selecting the most suitable option for your situation from a selection of thousands.

With their expert knowledge, you can be sure that your loan will do what it’s supposed to.

It’s often free

Depending on the broker, there is a good chance that you’ll be able to make the most of their expertise at no charge at all (this is one case where something that seems to good to be true isn’t). Lenders usually pay mortgage broker fees, so you’ll have a helping hand through the entire process at no (or very little) cost to you.

If you’re still weighing up your options, get in touch with us for a no obligation chat.