When it comes to financing your home, the local bank is not your only choice
Purchasing a home is the largest single investment most Australians will make during their life.
When in doubt, borrowers often turn to what they know, feeling assured that the major banks are their only or at least their ‘safest’ bet.
There are, however, options outside the ‘big four’ banks, with mortgage managers and originators proving to be a genuine alternative and well worth looking into.
Mortgage managers or mortgage originators, operate similarly to banks except that they specialise in lending.
Mortgage brokers are smaller than the big four, but their service levels certainly aren’t; in fact, service is an important reason why you should consider them.
Their smaller size makes it easier for them to offer a higher level and more personal service than many banks.
Turnaround times are another big drawcard for looking beyond the big four banks, with these smaller insitutions often able to act much more quickly to service your financing needs
The broker proposition
Mortgage brokers are an excellent first point of call when it comes to looking across the full spectrum of home loan products that are available.
Not only can a mortgage broker help you secure the most competitive rates available, they can also help you assess your current financial situation and select a lender and product to meet your individual needs and circumstances.
Here are a few reasons why a mortgage broker could be your best option:
Secure your loan more easily
Provide a wide range of options
Find a product tailored to your personal needs
Have expertise to help you avoid any pitfalls
Contact a Choice Home Loans broker
Find a broker
Use our broker services search tool to find brokers available in your area
This article is written to provide a summary and general overview of the subject matter covered for your information only. Every effort has been made to ensure the information in the articles is current, accurate and reliable. This article has been prepared without taking into account your objectives, personal circumstances, financial situation or needs. You should consider whether it is appropriate for your circumstances. You should seek your own independent legal, financial and taxation advice before acting or relying on any of the content contained in the articles and review any relevant Product Disclosure Statement (PDS), Terms and Conditions (T&C) or Financial Services Guide (FSG).