People often ask us, “Why should I choose a mortgage broker over my bank?” There are plenty of answers to this question. Here are five benefits that you get with a mortgage broker over a single lender such as your bank.
When you are asking your bank for a home loan, you only have access to that lender’s products. When you talk to a mortgage broker at Smartline Rockingham, you have access to 28 lenders who offer a combined total of more than 300 products. Not only is there a much better chance your needs will be met, there is also a better chance of a “yes.”
Your bank manager or whoever is handling the loans may not have a lot of experience. Those who are good are usually promoted to jobs that don’t involve customer interaction. On the other hand, the two mortgage brokers at Smartline Rockingham have more than 48 years combined experience.
Greater Depth of Knowledge
Because mortgage brokers tend to stay in the business for their entire business careers, they tend to learn more than the friendly people at your bank do. They have a lot more specialised skills than the average bank loan manager. Are you a property investor? It is better to have a mortgage broker with a lot of experience brokering loans for investors. At Smartline Rockingham, we have that knowledge.
Better Follow Up
Mortgage brokers tend to have better systems in place to follow up and let you know where your application stands. This saves you time and worry.
Your Personal Banker
A lot of clients compare having a mortgage broker to having their “own personal banker.” It is a mortgage broker’s job to take your information, determine which lenders are right for you, help you complete the loan application, submit the loan application and follow up relentlessly to make sure you get the best possible terms and interest rates.
To learn more or for a free consult, call us today: (08) 9527 1800.