Why You Should Choose A Mortgage Broker Instead Of The Bank
If you’re looking into buying your first home then you know how tough it can be to get a mortgage approval. Each and every first time buyer has a unique set of circumstances, which requires individually tailored financial considerations.
If you are an existing home owner then you have probably already had experience with the banks but you may not have spoken to a mortgage broker yet.
How Is A Mortgage Broker Different?
Managing large amounts of money like a mortgage should not be taken lightly, and that’s where a mortgage broker can help you.
Unlike banks, mortgage brokers help you find and manage a home loan that suits you and your individual situation and needs. The loan structure is important to help you get the best from your home loan, and a mortgage broker can also negotiate competitive home loan interest rates and in many cases this will be better than the rates that a bank would offer.
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.
Why Banks Cannot Offer The Best Home Loan
Loan officers in a bank are not trying to help you find the best mortgage, they’re trying to sell you one. The bank might have a few different types of home loans and they might seem to select the best home loan; however 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.
Really the loan officer is looking out for the banks (their employee’s) best interests, not yours.
Why Mortgage Brokers Can Offer The Best Home Loan
Unlike a loan officer at the bank, a good mortgage broker has access to a number of banks (plus non-bank lenders) and can look around for a home loan that suits what you need.
Here at Mortgage Link in North West Auckland are continuously monitoring the market, looking at the banks and other lenders every day to see what has changed. We’re not here to profit from you, we’re here to help you get the best deal you can.
Trust is a huge part of our business, and if we weren’t trustworthy, we wouldn’t have such a long list of satisfied clients, recommending us to their friends and family.
Contact one of the team at Mortgage Link North West today to discuss your situation.
