Why would I go to a Mortgage Advisor/Broker and not the Bank for a Loan?
🏦 Many people head straight to their bank when it comes time to apply for a home loan, but do you know there is another alternative? Did you know that Mortgage Advisors are helping home buyers with 57% of all new housing Loans in Australia. With Industry bodies predicting this number to be over 70% in the future.
🏡 There are countless reasons why it pays to use a Mortgage Advisor when shopping for your home loan, and even if you want to use your own bank for your mortgage, you can still use a mortgage broker to process paperwork and manage the application on your behalf.
The top 5 reasons as to why every borrower should seek out a qualified Mortgage Advisor when trying to obtain property finance:
1. Choice
🙋♀️ The biggest advantage of a Mortgage Advisor over a bank is choice. When you sit in front of a Mortgage Advisor you are working with more than 40 banks & lenders and 150+ home loan products. This is especially important at a time like now, when Mortgage Advisors can negotiate a discount on your interest rates, save you money and recommend the best lender and loan for your personal circumstances. A Bank is not suited to all customers; they cater to a specific client whereas Mortgage Advisors have multiple Lenders that will lend to clients with differing circumstances.
2. Get to know “you”
🙋♀️ A great Mortgage Broker gets to know you. They want to get to know you and your family and build a relationship to support you in the future, regularly reviewing your Loan and ensuring you always have a competitive offer. A great Mortgage Broker understand your circumstance and what you want to achieve so they can provide the most suitable solution for now and in the future.
3. Simplify the Process
🙋♀️ Mortgage Advisors work with you and the key professionals involved in buying a property to make the transaction seamless. A great Mortgage Advisor educates and supports you throughout the process and works with the key professional stakeholders to keep the process moving forward.
4. Take the stress out of getting Finance
🙋♀️ Following up the progress of your loan application is time consuming and frustrating. A great Mortgage Advisor will have an efficient system for chasing up the bank, keeping you informed and saving you time. They are always available to support and assist the client and keep in regular contact with updates.
5. Personal Banker
🙋♀️ Your Mortgage Advisor is like your own personal banker. They know what needs to be done, they make sure it happens and because it’s their own business, they’re in it for the long term. Building a relationship with your Mortgage Advisor means you always have a trusted partner to assist you with your lending needs.
✨ Greater Geelong Finance has a great range of home loan options with a panel of over 40 lenders visit our website to learn more about frequently asked questions. Have a look at our FAQ Page on our website to help you learn more. https://greatergeelongfinance.com.au/faq/
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