Why work with a Local Mortgage Broker?

by | Oct 13, 2022 | Business Loan Help

When you’re in the market for a new home, one of the biggest decisions you’ll make is how to finance it. Research shows that 69.6% of Australians used a mortgage broker instead of dealing directly with the bank in the first quarter of 2023, and for good reason. Here are just a few of the reasons why mortgage brokers are a better choice for most homebuyers:

  1. Mortgage brokers can help you find the best rates and terms as Mortgage brokers work with a variety of lenders to find the best rates and terms for your unique financial situation. They have access to a wider range of mortgage products than just one bank does, which means they can often find you a better deal than you would be able to secure on your own.
  2. Brokers can save you time and hassle. Applying for a mortgage can be a time-consuming and stressful process, especially if you’re not familiar with all the paperwork and requirements involved. A mortgage broker can guide you through the process from start to finish, helping you fill out the necessary paperwork and ensuring that you meet all the requirements.
  3. Brokers can also help you plan for your future goals so that what you do now doesn’t impact what you want to do in the future, or if it does they can work around how you will work through that together.