Because they can save you time and money.
As the home loan market becomes increasingly complex, more people are turning to mortgage brokers. Here are some of the reasons.
Mortgage brokers can save time
The choices now available in the mortgage market can seem limitless and completely overwhelming. You can choose to research the subject, the lenders and their products yourself, or work with a mortgage broker who already has that knowledge.
Mortgage brokers give you choice
All mortgage brokers have a panel of Lenders from which they recommend a loan. They have to become accredited with the lender to offer their product, and are required to keep up-to-date with their latest offers.
Mortgage brokers can help find the right loan
The best deal is not necessarily the cheapest rate. A good mortgage broker will examine your circumstances and future plans to recommend a loan that is right for you. Having an appropriate loan which works for you can help you build wealth.
Most mortgage brokers don’t charge you
Most mortgage brokers don’t charge a fee for their service as the lenders pay them a commission for the loans they write. Most lenders offer the same rate via the mortgage broker as they would directly, and a broker could save you money in other ways.
Mortgage brokers can help you avoid pitfalls
Many products seem to offer a great deal but they could have penalties, fees and charges you may not be aware of. Or, they may not offer the flexibility you require in the future. A mortgage broker can help you avoid taking out a loan you might later regret.
The only mortgage brokers to deal with: MFAA members
A good mortgage broker can save you time and money, and give you peace of mind. But, remember, only work with mortgage brokers who are members of MFAA – they are the Essentials of Borrowing.