10 Oct, 2019
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First Home Buyers Loan,Home Loans,Investment Loans Comments Off on 8 Reasons For Choosing A Mortgage Broker Over a Bank

Clients often are uncertain about the benefits of a Mortgage Broker Brisbane over a bank to get their Home Loans approved and to know the stamp duty discounts. Below are some benefits worth considering.

Reasons To Choose A Mortgage Broker Over A Bank

1. Why Use Brisbane Home Loans?

  • We work with a panel in excess of 43 lenders
  • We have more options for loans than any one bank
  • We are 100% interested in getting the best deal for our client, not the lender
  • Our service is second to none
  • We do all the hard work. We find the right deal, prepare the paperwork and manage the loan application for you
  • We constantly keep you up to speed on progress

2. How Does Brisbane Home Loans Save You Money?

There is a natural tendency to borrow from the bank that has your savings account without considering other options. The lending industry is very competitive and many lenders hungry for your business. Getting the best deal is about the rate, the overall fees and the flexibility for the loan to meet your future financial and investment needs. Our Finance Specialists are always up to date with new products, deals available and incentives provided by all lenders. They are also aware of any negative costs associated with specific products at any one time. This expertise provides savings to our clients as we find the right deal for you. Over time these savings can result in significant financial benefits to you.

3. How Do Brisbane Home Loans Help Get My Loan Approved?

How your loan is presented matters and so does the lender chosen for your specific loan. The same loan presented differently can be approved or declined. Our Finance Specialists know what it takes to get your loan application approved by the right lender. If necessary, our Finance Specialists will work with you and offer suggestions of what could be done to improve your financial position prior to applying for a loan. Any potential deterrents to approval are identified and discussed with options provided to remove them.

4. How much can I borrow?

Often this is the first question we’re asked. Our Finance Specialists can help you work out how much you can borrow. Often, the answer can differ by the lender as their policies differ greatly. We provide our clients with multiple options available and explain the differences so that you can make an informed decision.

5. What is a Pre-Approval?

A pre-approval provides clients an indication of the maximum amount of money that a lender will allow you to borrow. A pre-approval provides comfort of what you can borrow and allows you to negotiate your dream home with confidence. Pre-approvals are generally limited to timeframes but can be extended. Online pre-approvals are generally only indicative. Brisbane Home Loans can arrange a pre-approval for you at no cost.

6. Can I be Confident That You Will Do Everything Possible to Secure A Loan?

The lending industry is complex which changes daily as individual lenders modify their lending policies and their appetite for specific types of loans. At times, circumstances surrounding a specific client can add difficulty and complexity to your loan. This requires expertise to identify the right lender and product specifically for your property and your loan. This takes time and experience. We don’t shy away from complex deals and work effortlessly for our clients providing the deal is possible.

7. How do We Get Paid?

We receive a commission from the lender once the loan has been drawn. This is the case for 95% of our loans. In specific situations, depending on the size of the loan, the term of the loan and the complexity of the loan, we may charge a fee for service, however this is rare, and we always disclose this to our client’s up front.

8. How Does Brisbane Home Loans Assist First Home Buyers?

Buying your first home can be exciting, complex and terrifying at the same time. Brisbane Home Loans provides First Home Buyers guidance and support in their journey through the First Home Buyers Club. We offer assistance in identifying strategies for savings a deposit and also understanding the options available to you as a First Home Buyers, through grants, superannuation savings and deposit guarantees that will assist you. www.brisbanehomeloan.com.au/register