If you’re looking to dive into the world of property investment and need a home loan, the usual first step is to turn to your bank to discover how much you can borrow. But have you considered consulting with a mortgage broker instead? There are many benefits of dealing with a mortgage broker over your bank that can see you get the best home loan that aligns with your unique needs. Read on to discover our top 5 reasons you should bypass the bank and hire a mortgage broker to do the hard work instead.
They Compare Loans From a Wide Range of Lenders
While your bank only has access to their own offer, a mortgage broker can search far and wide to compare home loans from a wide range of lenders in order to find an offer that meets your exact needs. This includes all major banks as well as international banks, regional banks and smaller lenders. With a much wider scope, you’ll have access to more home loan options that are right for your individual situation.
They Can Handle the Entire Process
A mortgage broker does all of the legwork for you, from sourcing and comparing home loans to handling applications and other paperwork, getting pre-approval and settling the loan. A good broker will even assist you beyond settlement in case anything changes down the road.
They Offer Expert Advice and Experience
The right mortgage broker will know the home loan process inside out. They’ll be able to explain the entire process to you, including the subtle differences between lenders and loan options, which can save you money. They should also be your one point of contact throughout the entire process, keeping you informed every step of the way.
They Use the Latest Software to Pre-Qualify Borrowers
Mortgage brokers have access to the latest tools and technologies that can pre-qualify borrowers and determine their true borrowing power to reduce the risk of being turned down by a lender. This means that your credit history will remain unmarked which works in your favour if you decide to apply for another loan in the future.
They Are More Flexible With Their Time
Most mortgage brokers are happy to schedule appointments that are convenient for you. Some may even be willing to work after hours or on weekends and meet at a place that is suitable to you.
Let Aquallis Finance Take Care of All Your Lending Needs
We’re a trusted mortgage broker on the Gold Coast with access to over 40+ lenders in Australia and can work with you to find a home loan that suits your needs. We offer an end-to-end service using the latest software and support you through to settlement and beyond. Give us a call today to discover the benefits of dealing with a mortgage broker and how we can help you to achieve your property investment goals.
