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If you’re considering a home loan and want to find the best deal out there, what are your options? Mortgage brokers provide many Australian home buyers with a start-to-finish service when it comes to sourcing and applying for a home loan that suits both their budget and specific needs.
In this guide, we’re going to look at the pros and cons of speaking to a home loan broker and how much they cost. These days, there’s no need to be in the dark about home loans, their features, or to get a lousy deal. Savvy partners with the best and brightest fully approved mortgage specialists all over Australia so all homebuyers can get great advice and assistance from a local qualified home loan specialist – and save money.
For many years, mortgage brokers played a vital role in the Australian home loan industry. Before the internet, it was a lot more challenging to find information about how the home loan process works, the fees, the complexities of interest rates, and even the different features available – like fixed or variable-rate repayments, and even split-rate repayment options, for example.
Despite the advantages of the internet, there’s perhaps an even wider choice of products and options around today, so some homebuyers still prefer to sit down with a broker and discuss their needs before they commit to a home loan. There are some real advantages to doing that:
The job of a mortgage broker goes beyond finding the lowest interest rate. Once they’ve done that, they’ll look for ways to make borrowing even cheaper. They can draw on a range of specialist features and mortgages to do that, such as:
You don't have to pay a cent to compare home loans with us, enabling you to do so at any time.
You can fill out a simple online quote via our form without having to worry about sorting through heaps of paperwork.
With a panel of reputable mortgage lenders behind us, you can rest assured you'll be comparing high-quality options.
They can save you a lot of time running around. It’s almost impossible to compare every single interest rate and home loan option out there, but a good broker will deal with a broad selection of lenders, so you can be sure you see an accurate representation of the best deals and features available.
Brokers have long-term, valuable relationships with dozens of Australia’s top mortgage lenders, so they can sometimes access lender options that only come through home loan brokers.
Like most things financial, home lending has a language all of its own, and it can be challenging to negotiate that all by yourself. Brokers know the landscape and products, plus they can quickly assess products and offers based on experience within the industry.
Like any profession out there, some brokers are great at their job, while others just want to make a fast buck from borrowers. There's no guarantee of getting the best deal, but you have a far greater chance of success if you stick with MFAA or FBAA-approved brokers.
Although most get paid by lenders, some home loan specialists may charge you a fee just for sitting down and talking to you. A personal recommendation is always excellent if you can get one, and you can also connect with approved, vetted home loan specialists by enquiring with Savvy.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
