Finding the Right Home Loan: Why More Aussies Are Choosing Mortgage Brokers
Finding the right home loan can be quite a confusing ordeal. Should it be fixed or variable? Take the traditional route of a bank or work with a small lender? So many options result in a paralysis by choice.
Now, however, more and more Aussies seem to be turning to mortgage brokers for help. In fact, mortgage brokers now handle around 76% of all new home loans in Australia. To put it into perspective, that is three out of every four people choosing expert support instead of doing it alone.
Allow us to state some reasons why this shift has occurred.
Better Chances of Getting Approved
Banks have their individual selection criteria. One might say no, another yes. What this said criteria is, well, that’s anybody’s guess.
Brokers can help here tremendously. We understand which lenders suit your situation, especially if you’re self-employed, have multiple income sources, or need something a little more flexible.
At Infinitive Finance, we work with a wide range of banks and lenders. That means you’re not stuck with one option. We aim to match you with the one that’s most likely to say yes.
More Choice, Less Hassle
Working with us, you’re provided with choices; plural, not singular. We search through our options to find a loan that best fits your goals and situation, and provide you with something that works. Banks offer their own loans. That’s it. Brokers, on the other hand, have access to many lenders and loan types.
You Might Qualify for Offers You Didn’t Know About
Teachers, healthcare workers, and self-employed people: did you know you can get special deals? Loans for lower rates and/or easier approvals? That’s right. There are plenty of nuances in the lending business and Infinitive Finance keeps track of them. If there’s something available that suits you, we’ll let you know and help you apply for it.
A Broker Works for You, Not the Bank
The biggest difference between you dealing with a broker and a bank is that the bank keeps their interest first, no pun intended, and we keep your goals first. We recommend loans that actually match your requirements, not the ones that earn us the most commission or fetch the bank the most return. We’re on your side. We’ll lay out all the options clearly and help you make an informed decision.
We’ll Take Care of the Paperwork
It should come as no surprise that home loans take time. There’s paperwork, forms, and lots of back-and-forth with the bank.
When you work with us, we handle all that for you. We’ll guide you through pre-approval, help with the full application, and stay in touch until settlement. Even after your loan is settled, we’re still here if you need a review or want to refinance later.
Need Help Making the Right Financial Move?
Buying a home is one of the biggest financial steps you’ll ever take, and it pays to have the right people in your corner in both the short and long haul.
At Infinitive Finance, we make the loan process clear and straightforward. Whether you’re buying your first home, refinancing, or exploring your borrowing power, we’re here to help you make confident financial decisions.
Want to Explore Your Home Loan Options?
Contact us today and see why more Australians are using brokers now than ever before.
