There are plenty of good reasons to use a mortgage broker and it is easy to say you should choose a mortgage broker instead of the bank, but let me explain two reasons why.
The two reasons we want to discuss today are;
- Making sure that you have the correct loan structures
- To ensure that you get the best interest rates
For first home buyers and those who already have a home and therefore a home loan these are good reasons to use a mortgage broker.
First Get The Loan Structure Right
Most people tend to focus on the interest rates that the banks offer and think that a lower home loan interest rate equates to a better loan when the fact is that getting the correct loan structure is the most important factor and will generally make the biggest difference to the actual interest paid over the term of the loan.
Banks have a range of different types of home loans and while they might seem to select the best home loan we know they will not tell you to go to another bank if they knew that what they could offer was not going to be the best home loan for you.
As mortgage brokers we help you find and manage a home loan that suits you and your individual situation and needs both to ensure that you get the best home loan now and that changes are made as required during the time that you have the home loan.
Here at Mortgage Link we can assist you in making a well informed decision about something that will affect you and your finances for a good number of years.
What About Interest Rates?
Of course getting competitive home loan interest rates is very important too.
A low home loan interest rate can make a big difference to your repayments and more importantly it makes a difference to how long it will take to pay off your loan.
Remember it is not just about getting the lowest interest rate now – it is about getting competitive interest rates throughout the term of your loans.
Great Reasons To Use A Mortgage Broker
A good mortgage broker has access to a number of banks plus non-bank lenders.
This means that the broker has the ability to source the best home loans and ensure that the lender offers you the most appropriate loan structure and the best mortgage interest rates.
Anyone can use a mortgage calculator, but your broker or adviser will also explain the various loan options to you and step you through what needs to be done to get the best from any home loan and ultimately pay your home loan off faster.
It’s now time to meet your new mortgage broker so contact us today and and we can discuss all the reasons that it is better it is to use a mortgage broker instead of the bank. Phone: 0800 100 939
