Don’t settle for a lackluster home loan when you could be getting the best deal possible! While it’s easy to just walk into your bank and accept their offer, you could be missing out on some major perks that come with using a mortgage broker as your personal loan consultant.
With access to over 30 different lenders, a broker will spend time getting to know you and your unique circumstances to identify the loan that is ideal for you. They’ll be transparent about costs, help you save time and hassle, and ensure that you always have a great rate. Don’t miss out on the benefits of working with a mortgage broker to get the right home loan.
1. Choice and advice:
Mortgage brokers provide the biggest advantage over going directly to a bank – choice. Sitting in front of a broker is like sitting in front of 20+ banks with hundreds of loan products – rather than just options from one bank. Even if you are set on using your current bank, a broker can still provide worthwhile benefits, by giving you advice on which product to choose from their range and liaising with them to ensure you get the loan when you need it.
Paris Financial brokers have access to over 30 different lenders, including big banks, non-bank lenders, credit unions, and building societies, providing you with hundreds of loan options to choose from. They also deal with lenders daily and have a deep understanding of what is required to process your application smoothly and quickly, which enables them to provide you with valuable advice.
Following up the progress of your loan application can be frustrating and time-consuming. A mortgage broker will take over all follow-up and paperwork and become the middleman between you and your chosen lender. They will also keep you updated on the loan application at every stage.
Having access to a wide range of loan products means that mortgage brokers can focus on getting the right loan for your life, which could also mean finding lower rates, loans with lower fees, or specific loan features to help you pay off your loan faster. This would mean paying less in the long run, just for using a mortgage broker instead of going directly to your bank.
4. No cost to you:
The service that a mortgage broker provides is usually at no cost to you, as the lender you choose will pay the broker after your loan settles.
5. Finding the perfect home loan and making sure it’s right for you.
Mortgage brokers spend time getting to know you and your circumstances to identify the loan that is ideal for you. This saves you from wasting time checking out loans that are not suited to your needs.
Mortgage brokers are required by law to act in their customers’ best interests. If you are not in a position to buy a home, upgrade to a new place, or refinance an existing loan, your broker will let you know.
6. Understand the loan costs:
Mortgage brokers will always be very transparent about the costs you can expect to pay no matter whether you’re a first home buyer, seasoned investor, or refinancer. This way, you will have a clear picture of how your budget shapes up, letting you make an informed decision.
7. Save the hassles:
The lending team at Paris Financial help you by ensuring that you have all the essential documents before you get started, submitting the details to the lender on your behalf, responding to any queries the lender may have, and keeping you up to date on the progress of your application.
8. Annual review: Ensuring you always have a great rate:
Your Paris Financial broker will conduct an annual home review at no cost to you. This helps to ensure that you always have a great rate.
In conclusion, if you’re looking to unlock your dream home and find the right home loan, using a mortgage broker is the way to go. A broker can provide you with an abundance of options, valuable advice, and save you time and hassle.
Plus, they can help you save money in the long run by finding the right loan product with lower rates and fees. Working with a mortgage broker like the experienced lending team at Paris Financial is at no cost to you, and they will always act in your best interest.
With a mortgage broker like Hayley Crow of Paris Financial, you can be confident that you’re getting the best deal possible and that your loan is tailored to your specific needs. Don’t settle for a mediocre home loan, contact our mortgage brokers today and start the journey to finding your dream home!