Why You Can Bank On Us
One in two Australian home buyers1 now borrow via a broker. With traditional banks on the nose thanks to an endless stream of bad behaviour stories, combined with tighter lending criteria for investors, have lead to better-educated consumers boosting mortgage brokers’ popularity over the past decade. There are, indeed, a raft of reasons to turn to a broker for your next home loan. Here are eight to get you started.
1 Freedom of choice
We give you access to multiple loans from multiple lenders. Compare that with the loan options you might be presented with by a single lender. At the end of the day, competition and choice are the most powerful benefits a broker brings to the table and it’s the reason so many Australians have one onside.
2 You don’t pay a fee
We don’t charge our clients any up-front fee to use our service. We receive payment direct from lenders in the form of a commission and are required by law to disclose the details of these payments. And contrary to some popular belief, the major lenders all pay the same rates of commission.
3 Save time
Why spend your valuable time researching home loans when we can do it for you? It’s our job to do the hard yards when it comes to your homework. We will make the most of your appointment time to get the necessary information to narrow down and present you with easy-to-understand options, saving you hours of online research and hard-to-translate comparisons.
4 It’s all about you
Our role is to find a loan that’s right for you. We aren't salaried bank staff, and that means we focus on finding a loan that is right for your unique circumstances. We also take the time to understand your financial situation and goals. Such as if you are planning to start a family, take a study break or save for an overseas trip.
We recommend a loan that makes financial sense for you.
5 More accessible finance
Stricter credit rules have prompted some traditional lenders to avoid borrowers that have previously had no troubles trying to borrow money. With access to multiple lenders and thousands of products, we are able to suggest an alternative option that’s right for you.
6 We make it easy
Buying a home and taking out a loan is an exciting and momentous milestone, but also a stressful process. We ease much of the pain points by dealing with the lender and managing your application process through to approval. We also arrange after-hours appointments to fit your schedule, rather than the schedule of just one bank or lender.
7 The latest legislation
It’s also our job to stay up to date with legislation so they can make the right recommendations for customers and ensure they meet lending requirements, which have tightened in recent years. We stay across industry, economic and regulatory shifts to avoid unexpected roadblocks for borrowers.
8 Home loan health checks
Just like you get a check-up with your GP, we run a regular health check on your home loan to see if it’s still right for you. Competition remains high in the mortgage market so it’s always a good idea to reconsider your options over the life of your mortgage to make sure it's right for you. You could be paying off your loan sooner and saving thousands on interest repayments with a product that is better suited to your needs.
1 www.canstar.com.au/home-loans/should-you-use-a-mortgage-broker