Why should you use a Mortgage Broker?

May 09, 2023 by Con Zagas

I’ve had plenty of discussions with people about using a Mortgage Broker to help with their home loan and, at times, have had a response over why when you can do it yourself. In a way, they are right; you can do it yourself. You can jump onto your device and search for different products to compare and apply directly with a lender.

A Lot of the time, when we get down to the actual reason, it usually comes from a bad experience with a mortgage broker that leads them down the DIY path.

There are plenty of reasons to use a Mortgage Broker that are often overlooked. Let’s take a look.

• Saves you time.
  Many of us are time-poor; reviewing different lenders will take extra time out of your week to review. Allowing us to handle your home loan means we can give you that time back to spend with your family or focus on some of those hobbies you’ve been putting off.

• We handle all of the work for you
  We will handle everything from assessment to settlement. All you need to do is provide us with the information and supporting documents. In addition to the assessment, we negotiate rates and fees with lenders, handle your application directly with the lender's assessors and liaise with any third parties such as real estate agents, accountants, conveyancers, financial planners etc.

• Complex or unique scenarios
  Complex scenarios are often difficult to navigate; you might be self-employed, a company or trust applicant, SMSF, Investor with multiple properties, various income streams etc., or your situation might just be unique such as taking maternity leave, Just started a brand new job, using a guarantor or a first home buyer needing advice on how to navigate the market and schemes. Having a mortgage broker on your side will help guide you in the right direction and suggest how we can structure your loan to maximise your chances for approval.

• Access to multiple lenders
  With access to over 30 lenders and hundreds of products, we can assess your scenario and provide you with the most suitable options available today. This gives you peace of mind that the lender you choose is the right option for you.
  
  
• Home loan ongoing support & maintenance
  Our work doesn't end at settlement. We are with you on your whole journey. We can negotiate your interest rate on your behalf, help with any changes or variations to your loan, and provide you with a review of your home loan each year. Let us know if there are any changes to your situation, and we can review your loan anytime.

• Best of all - Our Services are completely free!
  The lenders compensate us for introducing you to them and for ongoing support; that means there are no costs to using our services. With the current cost of living situation, you can rest assured that any help we provide will not come out of your pocket.