5 Reasons You Should Prefer An Independent Mortgage Broker Over A Bank Manager

1. 5 Reasons You Should Prefer An Independent Mortgage Broker Over A Bank Manager Looking for an investment loan and need advice? We suggest you should consult a property investment mortgage brokerrather than walk in to a bank asking for assistance from the branch manager. Here’s why: Better Interest Rates: The bank manager knows about deals offered by his bank. But an independent mortgage broker knows about all the home loan discounts and deals for a wide range of banks and lending institutions. And if you’re dealing with a broker with a ‘Premium Broker Status,’ you get access to services that are ideally not available to most clients. This means you get access to the best home loan packages with flexible payment options and not miss any opportunity to save money. Better Loan Options: A bank can only offer loan products from their own bank. But Mortgage Brokers don’t work for any bank and do not restrict their advice to a particular bank or banks. They discuss the client’s financial situation to pick an option that works best for them. A typical mortgage broker deals with around 20 lenders and can negotiate a better deal – one that suits your lifestyle. Saves Time And Energy: Have you ever tried to get work done through a mortgage broker? They can not only allow you to compare different loan options but also help to negotiate interest rates and payment terms. And once the paperwork is completed, they’ll follow it up with the relevant parties to speed up the loan process. Of course, like anything, you need a good mortgage broker not just any broker. Industry-Wide Knowledge: Premium mortgage brokers have many years of experience in brokering and are accredited with many banks. Rather than speaking to a bank manager who is more concerned about loan offerings in his bank, it makes sense to consult an independent mortgage broker in Melbourne. Mortgage Services are generally Free: Since mortgage brokers do not cater to a particular bank, you get to choose from a bank that offers you a great deal. Most mortgage brokers in Melbourne offer services for free –they’re

2. paid by the bank a commission after the home loan is approved. You aren’t paying a thing, yet getting expert advice. In fact, you can ask for advice from them even when you don’t want to use their service –it’s free after all! An independent mortgage broker will not only analyse your financial situation but also discuss ways to save cash so that you get to develop a profitable property investment portfolio. About Author: Mortgage Corp is an MFAA accredited Melbourne mortgage broker specialising in building property investment portfolios.