It’s important to remember that there’s a lot of information to take in when it comes to finding the right home loan to suit your unique circumstances.
Thankfully, a skilled mortgage broker can help to alleviate more of the complex and burdensome tasks associated with finding a new home loan.
We’ve listed some benefits of using the services of a great mortgage broker.
You can talk to a mortgage broker at a time that suits you
Many mortgage brokers are often prepared to speak with their clients at a time that’s best for them. So, if you’re only free on evenings or weekends, see if your broker of choice is prepared to set up a meeting when it’s most convenient for you.
A broker can do the market research for you
Whatever your goals may be, doing your due diligence is an essential part of the home loan process. With an experienced mortgage broker at your side, you can rest assured knowing that all the aspects of the market research phase will be carried out to a professional standard.
Applications and paperwork are taken care for you
Whether you’re buying your first home or refinancing your existing mortgage, completing the application forms, and collating all the required supporting information and documents can be overwhelming. Mortgage brokers can take care of the hard work for you at each stage of the process, from your application right through to settlement, including sourcing pre-approval (if required), and investigating government grants, while keeping you regularly updated.
Brokers know the market and which lender is likely to favourably consider your application
Being turned down for a home loan by a lender can tarnish your credit history, which may affect your potential for approval if you apply again in the future. Thankfully, mortgage brokers have the expertise and specialist software required to navigate the home loan market and understand lenders’ appetites for approving loans. This translates to applying for home loans that offer you the best chances for approval.
Brokers can help you prepare for the unexpected
If your chosen mortgage broker is an ALI Group authorised mortgage broker, you’ll have the extra benefit of being offered Loan Protection Plan. None of us like to consider that things could go awry, but by having loan protection, you could maintain your financial security even if a serious life event prevents you from making an income and paying your home loan.
If you’d like to learn more about how our Loan Protection can provide you with financial benefit during times of need, please don’t hesitate to contact your local ALI mortgage broker today, or alternatively, request your mortgage protection quote here.
Loan Protection Plan is jointly issued by Hannover Life Re of Australasia Ltd ABN 37 062 395 484 (Death, Terminal Illness, Living and Accidental Injury Benefits) and QBE Insurance (Australia) Limited ABN 78 003 191 035 AFSL 239545 (Involuntary Unemployment Benefit). It is distributed by Australian Life Insurance Distribution Pty Ltd ABN 31 103 157 811 AFSG 226403 (ALI). ALI receives commission for each policy sold. Any advice provided is of a general nature only and does not take into consideration your personal objectives, financial situation or needs. You should consider the Product Disclosure Statement when deciding if this product is appropriate for you.