Most home loans are written for a 30-year term. Since home loans are usually written according to the financial situation of the borrower when the loan is taken out, a loan that was great in the beginning can end up not serving the borrower as well a few years into the loan. In our time as mortgage brokers in the Baldivis and Rockingham areas, we have seen a lot of people’s situations change over the years.
According to a recent poll by Roy Morgan Research, customer satisfaction for home loans is down from last year, even though interest rates have continued to drop. In addition, consumers are indicating less confidence in the big banks.
So how do you tell if your loan is serving your current needs? Having a mortgage broker take a look at it is a wise move. At Smartline Rockingham, we have helped numerous Baldivis residents refinance their loans when their financial situations change.
We are always happy to give your home loan a checkup. Just as you go to the doctor to get checkups on a regular basis, having a mortgage broker check your loan out on a regular basis can help you keep your home loan “healthy” and serving your current needs.
Competition Produces Results
As humans, we tend to be creatures of habit. However, if your “habit” is getting all of your loans from “your” bank because that’s how you’ve always done it, you may be costing yourself thousands of dollars over the length of your home loan.
Different lenders have different terms. They assess credit in similar but different ways. What this means to you is that one lender may be more friendly to your circumstances than another lender. That’s why it’s wise to go to a mortgage broker and have them see if they can get you a better rate or better terms.
Call the Mortgage Brokers at Smartline Rockingham
At Smartline Rockingham, we have 28 different lenders to choose from. After we go over your financial situation and your home loan, we can send your information to the lenders with the terms most friendly to your situation.
Call (08) 9527 1800 today.
