{"id":5435,"date":"2024-06-06T10:55:36","date_gmt":"2024-06-06T00:55:36","guid":{"rendered":"https:\/\/financialplus.com.au\/?p=5435"},"modified":"2024-06-06T10:55:36","modified_gmt":"2024-06-06T00:55:36","slug":"why-three-in-four-aussies-turn-to-a-broker-for-home-loan-help","status":"publish","type":"post","link":"https:\/\/financialplus.com.au\/why-three-in-four-aussies-turn-to-a-broker-for-home-loan-help\/","title":{"rendered":"Why three-in-four Aussies turn to a broker for home loan help"},"content":{"rendered":"
Borrowers are more spoilt for choice than ever before when it comes to home loans.<\/p>\n But who has time to sort through\u00a0over 100 lenders in the market<\/a>\u00a0to pick out a loan that\u2019s suited to your needs?<\/p>\n Your mortgage broker does.<\/p>\n But for the big end of town, increased competition can mean lower profit margins (and unhappy shareholders!).<\/p>\n That doesn\u2019t mean brokers are at war with any particular bank though, as a few articles stated in the Australian Financial Review over recent weeks (here\u2019s a\u00a0great non-paywalled response<\/a>).<\/p>\n As Mortgage and Finance Association of Australia (MFAA) CEO\u00a0Anja Pannek succinctly put it<\/a>: \u201cPositioning banks as competing with brokers is like saying Hilton hotels is competing with travel agents, instead of Hyatt and Sofitel. It completely misrepresents how the mortgage broking industry works\u201d.<\/p>\n What brokers do is streamline the home loan process. It\u2019s just one of the reasons why\u00a0mortgage brokers are the go-to choice for 74.1% of home buyers<\/a>\u00a0(and that figure has been steadily increasing!).<\/p>\n But our role isn\u2019t just about helping you find a competitively-priced home loan with the features you may need.<\/p>\n We go much further.<\/p>\n Here are three other ways you can benefit from the support of a mortgage broker.<\/p>\n Behind the friendly face of your mortgage broker is a serious legal obligation.<\/p>\nYou might have seen a headline or two about a particular big bank being at war with brokers. Nothing could be further from the truth. Our mission is \u2013 and always will be \u2013 putting you first. That\u2019s why three in every four borrowers now come to us for help.<\/strong><\/p>\n
We work in your best interest<\/h3>\n