The Bad Rep
Mortgage brokers have been given a bad rap over the years. People seem to think that they are expensive and not worth it. However, this is a misconception. In Australia, mortgage brokers are actually free to use and can save you a lot of money in the long run. Here we will debunk some of the myths about mortgage brokers and explain why they are worth your time!
Firstly, while some mortgage brokers do charge fees, most don’t. Thus making them very affordable. However, Loan Location mortgage brokers DO NOT charge fees for our mortgage broking services.
Access to Lenders
Secondly, mortgage brokers have access to a variety of lenders and products that you may not be able to find on your own. This means that they can help you find the best deal for your specific situation. They also know about any special offers or discounts that lenders offer which could save you even more money in the long run.
Finally, mortgage brokers are experienced professionals. They can help guide you through the often complicated and confusing process of applying for a home loan. This means that they can save you time and energy by dealing with lenders on your behalf and helping to arrange everything from start to finish.
We hope that this article has helped debunk some of the myths about mortgage brokers being too expensive or not worth it. While their fees may seem high upfront, in the long run they could end up saving you money by helping you secure better rates and terms on your mortgage! So don’t let misconceptions stop you from taking advantage of all the benefits a mortgage broker can offer. In Australia, they are well worth it!
The Team at Loan Location are always happy to help you obtain the best absolute, Home Loan product on the market.
Furthermore, if you need any further information about any of the above, then please enter in your details and we will be in contact with you shortly.
If you would prefer to book in with one of our senior mortgage brokers, then click the “book now” link
