Are You Getting a Ruff Deal On Your Mortgage?

Contributed by Craig Dadds from Objective Wealth

If you're thinking of doing some capital improvements to your home, reducing loan payments or looking at purchasing; perhaps it is time to have a chat to a mortgage broker to ensure the banks don't give you a ruff deal. 

So what exactly is a mortgage broker?

There are literally hundreds of different loan products available right now. While this makes it harder for you to choose the right loan, it does mean there's an ideal lending solution for you out there. It's just a matter of finding it. That's where a mortgage broker comes in.

We shop around for you to find a loan that is right for your circumstances. You could be a first home buyer, looking to refinance, building your investments or looking for a commercial finance product. 

We stay up to date with constant changes in the home loan market and new products. This means not only can we go in to bat for you and match you with the right solution, but we can also negotiate great rates on your behalf.

Why not just go to a bank?

Firstly, it's hard for most people to choose. Which bank? Which product? What about building societies and credit unions?

There are a lot of options out there, and with the Reserve Bank moving official interest rates and banks moving them independently, it's an ever-changing market. Not to mention all the new products that are constantly being introduced. With choice comes complexity. It can get tricky to navigate through it all. 

It can take a lot of your time (and sanity). A mortgage broker will steer you through this to find the loan that suits your needs and not the banks. We then deal with the lender and manage your application process through to approval.  

When is the best time to use a broker?

It doesn't matter if you've just started thinking about buying, have already found the perfect house and want to quickly sort out your finance, are looking to unlock the equity in your current property, or are wanting to find out if there is a better borrowing option than the one you currently have - any time is a good time to explore your options. 

The first thing we do is meet you and understand what it is you want. We are, after all, your personal finance professional, so the better we get to know you, your financial circumstances and long-term goals, the better we can match the right product for you. 

It's not just about finding the lowest rate, there are other things to consider. For example, if you're thinking about starting a family, flexibility is an important feature. Or if you want to renovate, easy access to equity can help. With so many products, you have so many choices. Once we agree on the right loan, we take care of the application and get everything in place for the approval process and see it through to settlement. 

We work for you, not the banks. We go in to bat for you to get you the right mortgage.

Craig Dadds

Objective Wealth and Mortgages