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Should I Use a Mortgage Broker?
With so many options on the market, shopping for a competitive home loan can be overwhelming. But there is an easier way, and that’s to enlist the support of a qualified mortgage broker.
What are the benefits of using a mortgage broker?
One of the primary benefits of using a mortgage broker is saving time and money. Allowing someone else to do the legwork frees you up for other things – such as finding your dream home.
In addition to finding you a range of highly competitive loans to choose from, some of the better mortgage brokers offer personalised services that focus on more than just rates. The more information you can provide to your broker about your personal circumstances and financial situation upfront, including proof of income and expenses, the better they’ll be able to tailor their recommendations to suit your specific needs.
While some mortgage brokers charge for their services, an independent mortgage broker, such as one from iSelect, offers their services at no cost. Instead, they may earn a commission from the lender when they successfully match a customer with an appropriate home loan.
Mortgage brokers vs banks
While banks and other institutions often have their own lenders, you may find their advice is swayed towards the products they offer rather than trying to get you the most suitable home loan rates.
An iSelect mortgage broker is different. They are not affiliated with any lenders, so they’re able to compare home loans from more than 20 different institutions to find the one that’s right for you.
Remember, if you do choose to work with a mortgage broker, you don’t need to rely entirely on the information they give you. You’re free to do as much of your own research as you want to ensure you’re getting the most suitable deal for you.
Finding a great home loan is easier with the right support. Call 13 19 20 to speak with one of iSelect’s qualified mortgage brokers ans start comparing home loans today.