Five ways a broker can save you

How does one keep up with all of the many changes currently being introduced by the dozens of lenders in the marketplace?

Fortunately, mortgage brokers are actively engaged on a daily basis so they know the ins and outs to take the hard work out of finding a great loan for you.

Latest market share figures show that mortgage brokers settled nearly 60% of all Australian home loans during the September 2018 quarter. These are just some reasons why:

1. Choice

Brokers can access a range of lenders and loan options, providing more choice than a single bank. More options means more chance to find a loan to suit your situation.

2. Convenience

With so many lenders in the market, a broker can compare lenders that can better suit your needs. Brokers also act as the main point of contact throughout the process, so you don’t have to chase multiple people to progress your application.

3. Expertise

Brokers deal with lenders every day so they are informed of any new laws and regulations, ensuring that you get the most up-to-date information.

4. Consumer advocate

Mortgage brokers can assess the specific needs of each client to find a lender that suits them. They can also act as your personal advocate with the lenders.

A broker’s business relies heavily on word-of-mouth. Maintaining a good reputation is crucial to their livelihood, so a broker will keep your needs top-of-mind.

5. Competition

Mortgage brokers play an important role in promoting competition in the home loan market. More competition means more value for homebuyers.

Contact your local Liberty Adviser to find out more about how they can help you into your next home.