The start of a new year is a great time to review your finances. Engaging a mortgage broker now will give you a window of time to figure out what processes and practices you can improve upon.
Do you need advice on your home loan? Are you getting the best possible mortgage rates and terms? Do you have a mortgage plan customised to your needs? Are you using the equity in your property to its advantage?
Here are the top 4 reasons why a mortgage broker can help get your new year off to a great start.
Banks deal with all types of loans, whereas brokers are specialists in selling mortgage and mortgage related products. Whether you are a first home buyer, investor or re-financer, your mortgage broker has the knowledge to expertly guide you through the process. They stay up-to-date with new products, promotions and regulations and are a great source of information about all things home loan.
A Mortgage Broker gives Personal attention
There are many steps in the home loan process and a professional mortgage broker will help you through: taking care of the paperwork, managing the application process, assisting with settlement. They take the time to work one-on-one with you to evaluate your specific needs and find a lender that suits you personally.
Mortgage brokers have access to a large network of lenders, which puts them in the driver’s seat when it comes to securing competitive rates and terms that fit your situation. They deliver advice on your financial options, and unlike banks they are not necessary restricted to choosing the products of one lender.
Often people avoid refinancing their loan because it takes so long to compare one lender to the next. Mortgage brokers can save you the leg work by showing you multiple lender product offerings at just one visit. The amount of time they can save in phone calls and emails to make sure your loan is set up properly and approved on-time is priceless.