Some people think that it’s easier to get a mortgage through their own bank. They know them, that’s where their bank accounts and credit cards are, so it just makes sense and should be easy, right? WRONG!
There are some things that your bank will probably never tell you:
- They have a limited number of home loan options available to offer you and they’re often incentivised to sell you certain products like insurance and credit cards.
- Interest rates and fees can be negotiated.
- You’ll usually save more money on interest in an offset account than you’ll earn in a term deposit.
- Your loan application is assessed by a computer, not a person.
- You should shop around for the loan that best meets your needs at a competitive rate.
The real advantage of going to a mortgage broker is that we have access to hundreds of loan products from our panel of 20 lenders. We’ll look at your financial circumstances, discuss what you need from a loan and then match you to whoever is the best fit. If speed is your driver, we know who turns around applications fast. If you’re self-employed, we know who offers a good product to low doc applicants. If you’re an investor, we know who has good options on investment loans.
If you’re just looking for a loan that has all the features you need with a competitive interest rate, we’ll find one to suit you. If you have no idea what you’re looking for, we’ll help you there too.
Using a mortgage broker to secure your next home loan makes good sense.
As a Mortgage Choice broker, we’re paid the same commission regardless of which loan you choose. The best part is that there is no charge to you! You get all that advice, service and knowledge at no cost!
Take the easiest AND smartest route next time you’re in the market for a loan. We’ll look after you.
