The mortgage brokers at Smartline Rockingham have seen business increase on a yearly basis, with the exception of a few Global Financial Crisis troughs, since we began brokering home loans in Rockingham in 1999. Part of this is because of housing growth, but part is because more and more Australians are choosing to have a mortgage broker find the right loan for them instead of trusting their bank or their favourite lender.
Here are some reasons why we think even more Australians will use mortgage brokers in the coming years.
Continuation of Current Pattern
From 2010-2015, the annualised growth of the mortgage broking market is 4.1%. Current estimates, which we see as pessimistic, still call for annualised growth of 2.1% in the next five years. Even if the current predictions are correct, this still represents significant growth. But the prospects for growth go far beyond the current numbers.
More People are Doing the Math
Traditionally, prospective homebuyers would apply for a loan at their bank. If they were approved, they would celebrate and never question the rates and terms of the loan. But mortgage brokers changed all that.
The bottom line: if you visit a mortgage broker at Smartline Rockingham, you are more than 28 times more likely to get the most suitable home loan for your financial situation. At Smartline Rockingham, we have access to more than 300 different home loan products; they come from 28 lenders. That’s a rough average of 12 different home loan products for each lender.
If your bank or your current lender is “average,” you will have your choice of 12 different home loans. If you come to Smartline Rockingham, you will have your choice of more than 300.
More and more people are becoming aware of these numbers and around half of Australians who want to buy a home are now going through mortgage brokers. As fast as information gets around nowadays, it is only a matter of time before a much higher percentage of homebuyers use a mortgage broker.
Call Smartline Rockingham Today
If you want more information or you want to discuss a home loan, call a mortgage broker at Smartline Rockingham today: (08) 9527 1800.