Are you looking to secure your dream property?

Getting the home that you want usually means getting a mortgage you can afford.  

You’ve figured out your budget. You know what you are able to afford. So applying for a mortgage is the next step.

You can choose to get a loan from a bank or use a mortgage broker to find the best fit loan to suit your goals. The choices you make can save you time and potentially thousands of dollars.

There are plenty of differences between a loan from a bank and obtaining one using a mortgage broker. You will definitely want to pay attention to the differences so that you can see why using a mortgage broker is a good idea. 

Got a question? Check out the top mortgage broking FAQs right here.

Here are 10 benefits of using a professional mortgage broker to help you secure your home loan.

#1 - Mortgage Brokers...are flexible

Mortgage brokers are flexible and they will fit in bookings around your schedule.  

This comes in handy, especially with the busy lifestyles that we all lead. When you deal with a bank, they are not flexible with bookings at all. In many cases, you are put into their time schedule and it can be a rigid one. 

#2 - Mortgage Brokers...offer support

The support that you will find with a mortgage broker is immense. You can rely on them to give you their undivided attention and the support that you need to have in order to make informed decisions.  

You never feel alone when you work with a broker but at many times with a bank, you are the lone soldier without any assistance.    

This is key according to life coaches who explain “the process of securing a home loan can be confronting and stressful. Finding a lender who offers support, outside of the financial sphere, can significantly reduce this stress. Mortgage brokers can help to reduce the friction of the home loan process.”

#3 - Mortgage Brokers...provide comparisons

Mortgage brokers allow you to find comparisons and details of loans. This is assisted with printouts on pricing and more.  

Once again, a bank will not do this for you. You will have to do all the homework and research yourself and this can be extremely time-consuming.    

#4 - Mortgage Brokers…match your needs with best fit loans 

A mortgage broker works to match your financial needs to the best suited loan.

Speak to your broker for options so that you are more equipped to make the right decisions at the right time. 

With banks, you will not receive the ability to seek their comparison knowledge on a regular basis.

#5 - Mortgage Brokers...have a selection of loans 

There is a huge selection of loans through a mortgage broker that you will have access to choose from. They have a large variety that you can select from. This allows you to get the one that will fit best with your needs.  

#6 -Mortgage Brokers...help with your application

Help with the application process is easy with a mortgage broker. They are there to help fill it out all the way throughout the process. With a bank, you need to fill it out yourself without any help.

#7 - Mortgage Brokers...source lending solutions

Mortgage brokers will find you an array of solutions that will work for you. They have all kinds of different options that you might like to know about.  

With detailed explanations, a broker will work with you to find the best solution that is possible for your situation. With a bank, you will only receive one type of loan and it may not work for you.

#8 - Mortgage Brokers...assist with credit repair

Assistance with the credit repair that you need is what a mortgage broker can also help with.   You will not find this with bank loans.  

According to the credit experts from Concept, “in many cases, an improvement in credit can be a benefit that will make the terms of your mortgage better. Fixing credit problems is something a mortgage broker has expertise at.”

#9 - Mortgage Brokers...are a professional service

A mortgage broker offers the service that you need when you want it. They can provide an all-inclusive experience that will benefit you in the long run and this is something that a regular bank cannot do for you.

#10 - Mortgage Brokers...are there for you

You will enjoy the time that you spend with your mortgage broker. They will become a friend and confidant that you can entrust with your information. Banks are less personable in what they do and it is more about numbers than people because of the nature of their business.  

Are you ready to secure your home loan?

A mortgage broker is someone that you can depend on. When it comes to your financial future, it’s important to be in good hands.  

At all times, your mortgage broker should listen to what you have to say. If you ever have any questions, you can ask them with the comfort and ease that you want and you will receive the answers that you need to be informed.  

The home buying process is both exciting and frightening at the same time. For this reason, you need professional support that puts your fears to rest. And helps you to feel as though your best interests are in mind at all times.   

Looking for professional support to secure your home loan? Chat to the experts at Infinite Financial today!