5 Reasons Why You Should Use A Mortgage Broker
If you are looking to purchase property, refinance your mortgage or buy an investment property you could save yourself thousands of dollars by using the services of a qualified Mortgage Broker in Brisbane. A Mortgage Broker can access many different lenders to find you the best solution for your needs. If you go into your bank you will only get told about their products.
- NO COST TO YOU
Mortgage Brokers make borrowing money easy with no extra cost to you! There is generally no cost for their services of a Mortgage Broker as the Bank pay a commission to them. So it is in the Mortgage Brokers best interest to get you the best rate possible for home loans, or they don’t get paid.
2. TAILORED STRATEGIES
Mortgage Brokers are able to understand your individual needs and create the most appropriate solution for you. When borrowing money there are many options and difference banks have different specialities. Do you have the time or knowledge to compare every lending institutions policies and work out what is best for you?
- RESEARCH AND KNOWLEDGE
Mortgage Brokers have a large network of lenders that they work with to get you the most favourable mortgage rates and terms. The more lenders you have competing for your home loan, the more you save. Do you have the time to review every bank and building society to work out what product is most suitable to your needs?
- CAN NEGOTIATE LOWER RATES ON YOUR BEHALF
Mortgage Brokers have a relationship with the four big banks and smaller lending institutions. Sometimes there are special deals for clients who apply for their loan via a mortgage broker. They can also apply for a pricing discount to get you a lower rate. A Mortgage Broker can do this for a new loan or existing loan. Why give the bank any more than you need to!
- THEY DO ALL THE LEGWORK FOR YOU
A qualified Mortgage Broker can do all the leg work for you. Do you have the time to research all the different lenders to understand their rates and terms and conditions? It would take hours and hours and you won’t have access to the same information that Mortgage Brokers can access. This is what they do day in and day out. They specialise in loans!
If you are ready to finally purchase your dream home, need to review your home loan or want to purchase an investment property look to a qualified Mortgage Broker to help you. They can also help you find the lowest rates and fees for your home mortgage needs. The right home loan is just one step out of the home buying process that you will not have to be concerned about.