Australians consider mortgage brokers the most helpful service providers when purchasing their first property. This comes from a 2016 First Home Buyers Australia survey in which 38 per cent responded in favour of the humble broker as the most useful service available during this time.
Despite this positive result, so many prospective first home buyers are unsure of what exactly we do. To demystify our offering we've put together three of the most compelling benefits of using a mortgage broker to buy your first home.
When you sit down in front of your bank manager to discuss a home loan, they'll only present you products from their organisation. There may be six or eight options available to you.
On the other hand, any mortgage broker worth their salt will offer you access to products from 30 or more banks all with different features and rates. You may be choosing from over 100 loan products to find one that fits you to a tee.
More choice means your application is more likely to be accepted, your loan could be better suited to your needs, and you could find a lower interest rate.
With so much to choose from, you may think making a decision will be near impossible. But when you've got a mortgage advisor from Advantage Finance working in your interest, you immediately benefit from their wealth of knowledge and experience.
You'll have expert advice on tap from your loan's establishment through to its settlement and beyond.
That means you won't be stumbling around in the dark when it comes to selecting a mortgage. Instead you'll have a trained professional advising you every step of the way and assisting you in selecting a loan that best suits your needs.
Financial issues are the top cause of stress in the country, ahead of family problems and personal health, an Australian Psychology Society study found. We know better than most that dealing with finances and buying a home can be tough, and that's why we do everything in our power to make the process as easy as possible.
We do the legwork for you so that you don't have to spend hours poring over loan features. We deal with banks and help you make an application. We'll also stick around and offer assistance for the life of your loan – that means you'll have expert advice on tap from your loan's establishment through to its settlement and beyond.
Get in touch with the team here at Advantage Finance today to find out even more about how we can make buying your first home easier.