The increase in use of finance brokers has been driven by customers wanting to get a better understanding of the options available on the market, the value of having a professional mortgage broker who can streamline the application process and also help them through the life of the loan when it comes to requesting discounts, reviewing their loans and refinancing.
As housing affordability, cost of living and increasingly complex processes are rolled out in the application of residential mortgages, mortgage brokers provide a vital service for no cost, helping more Australians get into a home loan sooner.
Market analysts believe this trend is set to continue with an increasing growth in second-tier lenders who are largely growing their business from mortgage brokers, as well as decreasing branch availability of the mainstream lenders.
Why Should You Go For A Mortgage Broker?
- Access to more lenders than you can access directly
- Most brokers charge no fees, whilst dedicating their time to finding the right loan products which can help buy your next home, save money and pay it off sooner
- As home loans and lenders become more complex, a good mortgage broker can help you understand what is the right lender for your needs based on interest rates, fees, features, online banking features, fixed vs variable interest rates, the ability to draw equity in the future etc.
- Mortgage Brokers are part of your local small business community, putting more money back into the local community
Are you looking for a mortgage broker in Melbourne who can help you with your current home loan or help you apply for your next one?
Contact us today for a discussion on how you can build a better financial future.
