It’s easy to walk into the local bank and talk to a lender, or apply online for a home loan, but it may not always be the best option.
When you’re buying a house, do you go to one real estate agent, decide you will buy a house from them, and choose from what they have on the market?
Do you make the best of what may actually be a poor fit for your circumstances (it’s okay, one of the kids can sleep in that second living room we don’t need)? No? Of course not – why would you limit your choices in this way?
It’s really no different with the loan you use to pay for that home. Every lender, including the big four banks, second-tier lenders and specialist lenders, offers different products with different features, some of which will suit your goals and lifestyle, and some of which will not.
As your mortgage broker we are also your credit adviser, by working with us you can take advantage of our expert industry knowledge to help you sort through those multitudes of lending options and, unlike a bank lender, can find the one that most closely fits your needs.
You can expect, when it is time to make a final decision, that we may offer two or three alternatives that would all be suitable, with a recommendation for one in particular that stands out as best for you.
Assistance offered extends well beyond the loan products. Whereas you may be purchasing your first house (or perhaps fourth?), we work with purchasers in your position every day, explaining what is required, guiding. We understand that you do not know what you do not know, we help you cover that.
Then following settlement we maintain contact. All banks will raise rates to long term customers, whilst offering special deals to others. This needs to be monitored.
Things change - changes in the economy, changes in your personal circumstances: Your best option today may not be your best option tomorrow. Your bank will not assess and advise you on potential benefits of refinancing. We will.
Currently in Australia 59% of home loans are settled via a mortgage broker, with a 96% satisfaction level from those borrowers. You are probably one of those borrowers! If not, why not?
Of course, credit advisers earn commissions. This doesn’t mean your credit adviser is not on your side. It does mean we will not invoice you for our time.
Whether you see a credit adviser or a bank lender, that person in front of you earns money by selling you a home loan.
The difference, then? The bank lender is there to sell you one of their loans. The credit adviser is there to help you locate a product from a wide choice of lenders, that works in your best interests, so that you come back to them when you’re thinking about refinancing, and so that you are comfortable recommending them to your friends and family.
It’s quite simple really.
Integrity Finance Australia– Changing Lives
Daryl Borden, your Dingley Village Mortgage Broker, Ph. 03 9511 8883 ACL 392184