More than half of Australia's home loans are written by mortgage brokers, and there's a reason so many Australians are turning to them for help – who wants to spend their time comparing rates and sorting through the massive number of loan products?
As industry professionals, brokers can take stock of your personal situation, then examine a wide portfolio of loans from several different companies to find the best product for you.
They will also help you out when it comes time to fill out all the necessary paperwork, and they'll even help translate the sometimes-confusing industry jargon into plain English. For this reason, a broker should be considered by anyone who is pressed for time or unsure of the details regarding home loan financing.
Because brokers are paid on commission, they're here to help you find the perfect loan. At the end of the day, isn't that what we all want?
Missed payments and unpaid debts are hurdles that may deter you from getting a home loan, but it doesn’t mean it’s impossible! We lay out how you could get a mortgage even with a not-so-ideal credit rating