A record 82% of home loans rely on mortgage brokers. Here’s why.

What does Australia have in common with the United Kingdom and the Netherlands? In all three countries brokers facilitate more than 80% of new mortgages. We explain why.

The numbers say it all.  

Last year, brokers in Australia arranged one home loan every 38 seconds.

Why have brokers become the go-to partner for home loan help in Australia?

The answer lies beyond initial home loan support, and can extend across your lifelong property journey.

82% of borrowers know they’re onto something special

There’s no shortage of home loans and lenders to pick from in Australia.

So, it’s not always lack of choice that sees home buyers partner with a broker.

However, there is a good reason why 82% of new home loans are arranged with the support of a broker – we take the time to explain the process.

One study found homebuyers often find home loans confusing.

That’s understandable. Taking out a home loan is something most of us will only do a few times in our lifetime.

And here’s the broker difference.

Brokers don’t just identify the loan that’s a good match for your needs. We take the time to explain how homebuying works.

We get to know you and your home loan needs. This way we can identify home loans that are a great match for your circumstances.

We also explain your borrowing power. So you can put together a realistic buying budget.

We also assist with your application, and liaise with your lender on your behalf, all the way to loan settlement.

Keeping your loan rate competitive

The service doesn’t end when you have purchased your home.

We believe it’s important to know if you are paying a competitive loan rate, no matter how long you’ve had your current loan.

With the Reserve Bank of Australia’s (RBA) cash rate currently sitting at a 15-year high, it’s become critical to be confident you aren’t paying more than necessary.

This is why we offer to provide you with frequent home loan reviews.

It’s a simple way to know if your loan still matches your needs – and if your lender won’t come to the table with a rate discount that rewards your loyalty, we can let you know if you could save by switching to a different loan or lender.

The upshot is that research shows more people who’ve taken out a mortgage through a broker are  confident they have chosen a competitive loan, compared to those who dealt with a lender directly. 

Helping you tick off your property bucket list

Once your first home is bedded down, chances are your financial goals may start to evolve.

You may decide to renovate your current home or upgrade to your next home.

When you’re ready to take the next steps on your property journey, we’re here to help.

We can explain your home loan options, and make it as streamlined as possible for you to achieve your property goals.

Call us today

Discover firsthand why over eight in ten home loans are organised through a broker.

Give us a call to experience the value we can bring to your homebuying journey.

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to your circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.