Why You Should Go to a Broker, Instead of Your Bank

Why You Should Go to a Broker, Instead of Your Bank

Hope you remember the last time you went grocery shopping. You must have spent at least a few minutes comparing brands and contemplating which products provided the best value for money. Similarly, while availing of a loan, people look for the lowest home loan rates.

If you expect that level of options from the supermarkets, why wouldn’t the same logic be applicable for our home loans?

A broker’s task is to compare the rates for you. They are not just experts but additionally have access to a wider database of lenders who are all wanting your business. A broker is in the position of negotiating with those lenders and finding you the right value-for-money loan to suit your lifestyle.A broker’s job is to do the comparing for you. Not only are they experts but they have access to a huge database of lenders who are all wanting your business. A broker is in the position to negotiate with those lenders and find you the right value-for-money loan to fit your lifestyle.

The best mortgage brokers have access to more lenders. So, you’re more likely to hear a ‘yes!’ They are categorically trained in mortgages and know the art of structuring your loan to suit your objectives. They act as your personal banker, facilitating you through every step of the home loan process. They’ll remain your broker forever! You’ll receive ongoing help and advice whenever needed during the life of your loan, including all sorts of commercial property loans.

It is my passion to help and guide people like you to find the right home loan. If you wish to talk to me regarding how I can guide you through this journey, feel free to contact me on Primary Phone or click the button below so I can schedule a callback.

Refinancing to Minimize My Repayments

The primary idea of refinancing is switching from one loan to another. There are a lot of reasons people choose to do this. However, one of the commonest is because they wish to reduce the repayments on their home loan. It is really very easy.

If you find a lower interest rate than what you’re presently on, you’ll have to pay less interest on a weekly and monthly basis. When you compute those savings across a few years, you can potentially save thousands of dollars for yourself.

For example, if you had an interest rate of 3.3% per annum on a loan size of $500,000 for 30 years your monthly repayments would be $2,190. If you then found another interest rate of 2.64% per annum your repayments would drop to $2,012 a month, saving you $178 a month. That’s almost $2,136 yearly! If this is something you’re interested in, we’ll need to do some other computations and have a look at your loan structure to ensure that refinancing is the right choice for you. If you wish to have a chat about how you can reduce your repayments, feel free to call me on Primary Phone or click the button below and I’ll get back to you shortly.

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