Using a mortgage broker can be beneficial for a lot of reasons. Endless reasons really. The main role is to simplify everything and do the hard work for you.
A few more points to note include:
We have access to a wider range of mortgage products, beyond what your bank can offer: As we’re not tied to a single lender or a small panel, we’re able to access many different lenders who offer different rates and varying criteria. Meaning we can help find you the best available product for your specific situation.
Time saving: Shopping for a mortgage can be very time consuming and not to mention stressful. Besides, you must have better things to do? We can help you save time by doing the research and paperwork on your behalf and presenting our findings back to you, justifying our recommendation. We’re also on hand to help you understand the ever evolving complex mortgage market.
Expert advice: We’re trained and experienced in the mortgage market. We’re regulated to give you the best possible advice on your current situation. We’re here to help you understand the different types of mortgages, interest rates and other important factors that you need to consider when applying for a mortgage.
Potentially better deals: As brokers we might be able to secure you a better mortgage deal or interest vs if you were to go directly to a lender. This is because brokers have relationships with lenders that can offer ‘broker only’ mortgage deals. Likewise, some lenders only work with brokers, so we would be able to access their rates (and criteria), whereas you couldn’t do so directly.
Personalised service: As a mortgage broker we can provide you with a personalised service and help you navigate the mortgage process from start to finish. We can also answer any questions you have along the way. Not everyone’s situation, income or credit history are the same so it’s never one size fits all with mortgages.
It’s FREE – why wouldn’t you? Some brokers give all this away for free! Us included. So what are you waiting for?
Jokes aside, using a mortgage broker can be a smart choice for people looking to save time and money or to find the mortgage product available for their financial situation.
Just make sure you’re using a broker who isn’t tied to a very small or limited panel of lenders; which we’re not!
