There are lots of answers to this question, and I’m a little biased, but the main reason is that we don’t have a preference over where you borrow your money from – we’re more concerned with matching the loan to YOUR needs.
When you go to your bank, they have a great knowledge of the products they’re offering. They know their limits, their guidelines and their scope and they match you up with a loan within their parameters.
But, as a mortgage broker, we have access to a whole panel of lenders and hundreds of loan products. We can compare far more options for you than one single lender has to offer. And if your situation is a little out of the ordinary, like you’re self employed or you have income from an unusual source (i.e. foster carers allowance), we’ll find a solution for you too.
We sometimes can even negotiate a better rate than if you approach the bank directly!
Our aim is to get you the loan product that matches your needs now and for the next few years.
And if your situation changes, we’re more than happy to re-finance and find another option for you that meets those new needs.
Plus we get invested in you and your dreams. We want your success. We want you to buy that house or investment property and we want you to pay off your mortgage as fast as possible.
We make sure that a quality application is submitted to the lender with all the required information and provide you with updates throughout the process and keep chasing the lender to make sure your application is progressing at the required speed.
And all this for no charge to you. We’re paid by the lenders – the same rate regardless of who we secure your loan with.
So why wouldn’t you go with a mortgage broker rather than your bank?
