When looking to purchase a home either as a single or couple, choosing the right home loan options can be very overwhelming. Sorting through a myriad of home loan options from different lenders and having the time or resources to sift through them all can be daunting. That is where a mortgage broker comes in. In the June 2024 quarter, 73.7 % of all new home loans in Australia were written by mortgage brokers. This is a significant contribution to helping Australians achieve their home aspirations.
Many borrowers choose the services of a mortgage broker for peace of mind. According to MFAA CEO, Anja Pannek, “Australians are living through a cost-of-living crisis with every dollar counting in household budgets. It’s essential they have the right support and guidance when it comes to their home loan,”.
Have you used a mortgage broker before?
Yes I have. I will be using a mortgage broker again.
Yes I have. I will not be using a mortgage broker again.
No I have not. I will be using a mortgage broker.
No I have not. I will not be using a mortgage broker.
Would you like to compare your home loan options? Use on online too to compare home loans today.
Here are some reasons why many borrowers seek the professional services of mortgage brokers for their home loans rather than going direct to a lender.
Access to trusted professional advice.
In the midst of the current cost-of -living crises and with money very tight for many households, it is vital to know and ensure that you are getting competitive home loan which is better suited to your specific needs and requirements.
Mortgage brokers are trained finance specialist who can guide you through the complex lending landscape, offer tailored support and guidance. We understand the different home loans in the market and can provide options specific to your financial situations and goals.
Bound by the best interests duty (BID), we are legally required to always act in the best interests of our clients providing assurances that we are on your team when it comes to finding the tailored home loan for you.
Streamlined loan finance process.
Whether this is your first loan or you are seasoned property investor, you can appreciate the amount of paperwork and resources required to complete and settle a loan. This can be overwhelming, exhausting and for many can result in sleepless nights.
Mortgage brokers streamline this process We liaise with different lenders, manage the paperwork and provide ongoing support and assistance.
Overall, you'll always have a finance specialist by your side to support you through the loan process.
Panel of lenders.
Have you tried getting a loan directly from a lender, the options available are only from that specific lender and this may not be best suited to your needs.
At UZO Finance, we have access to a full panel of lenders (over 30 lenders), so we can compare the market and find a mortgage that is suitable for you. We will help you pick a better suited home loan from hundreds (if not thousands) of options out there.
Since the commissions we receive are pretty similar across lenders, there is no incentive to recommend one lender over another. This ensures that we are always acting in the best interest of our clients.
With a mortgage broker, you can increase the chances of getting a better suited home loan as we will compare the market.
Tailored and holistic finance solutions.
Everyone's financial situation and goals are different. That is why it is important to get a tailored and holistic advice for your home loan.
Lenders are generally focused on securing your business here and now.
As mortgage brokers, we take a holistic approach to understanding your financial situation and goals. We will take the time to explain our recommendations and the benefit(s) of any home loan feature (offset, redraw etc).
At UZO Finance, we do not "sell" any home loan product to you, but rather we make recommendations after reviewing your current financial situation and future financial aspirations. Our home loan recommendations are to support your unique goals.
With a mortgage broker, you can increase the chances of getting a better suited home loan as we will compare the market.
We are a specialist finance broker in residential, commercial and development finance lending. We can support you with:
Development finance
Residential home loans including refinance
Contact us today and let's discuss your home loan needs.
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