January 15, 2021
With interest rates at historic lows now is a great time to be a first home owner or property investor. But before you head down to your local bank branch, consider talking to your local mortgage broker instead.
Why see a mortgage broker?
Your bank is only going to ever offer you their product, so how can you ever be sure you're getting the best deal available?
With lowest interest rates in history currently available there are some fantastic home loan deals available from a range of lenders, not just the big banks, and we have access to hundreds of loans to help find you the best deal.
The big banks commonly don’t pass on the interest rate cut to customers. In fact, almost 70 per cent of the time that the Reserve Bank has dropped interest rates since the financial crisis in 2008, at least one of the big four banks have failed to pass on the cut in full.
When we shop, we tend to shop around for specials on things like chicken breast and avocados, and your home loan should be no different!
As your home loan experts, we will save you a considerable amount of time (and money!) by doing all the leg work for you by comparing a range of home loans from a variety of lenders to find the best deal to suit your situation.
Variable, Fixed, Offset, Redraw? Home loans can be a complex financial product but our brokers can walk you through the jargon and help you make an informed decision.
Also, it’s worth noting that each time you approach a lender to apply for a loan and are turned down, it will show on your credit history. Our brokers can assess your full financial situation and help you understand your borrowing power and loan serviceability without adding to your credit history.
We are also small local business who live and breathe mortgages. We speak to a wide range of customers everyday with unique financial backgrounds and goals. This means we know how to deal with even the most complex loan scenarios. Our home loan team knows the Perth property market and have a long standing relationship with our community.
Best of all, our home loan service is done at no cost to you because our brokers are paid a commission by the lenders when your loan is settled. More importantly, our mortgage brokers always act with your best interest at heart, so we are paid the same rate of commission regardless of which lender you choose to go with.
Why now is a great time to buy
The time to purchase property in Perth is right now – especially if you’re a first time buyer. In fact, industry experts say it’s currently a “buyer’s market” with real estate analysts predicting this year will be the ideal time to get into your own home. So with the word on the street being to ‘buy, buy, buy’.
We're here to help!
So whether you're a first home buyer, upgrading to your next home, getting into property investment, or wanting to refinance your existing loan, the team of local Yokine, Dianella & Morley home loan experts can help you make the right move. We'll be here for you at every stage of the process.
Contact us today to make a free appointment.