When it comes to your home loan, should you take the road less travelled, or the road more often travelled?

Mortgage brokers are now writing 71.8% of home loans and there are lots of compelling reasons for this.

Commitment, a professional approach, and trust have been identified by our MFAA CEO Anja Pannek as some of these reasons.

At Build & Protect, we couldn’t agree more.

It’s very true that Australian’s can apply directly to a lender for a home loan. You might be a first home buyer and applying for a home loan for the first time, or you might be onto your second or third purchase and had a couple of rodeos at the lending process.

But did you know there is a high chance of getting a decline when applying directly to a lender?

Firstly, knowing how much you can really borrow isn’t as straight forward as going online and putting a few numbers into an online calculator- these are not accurate and can be misleading.

Secondly, how do you know that you are applying for the right product? Does it have features that are going to help you achieve your goals? Have you defined your goals (yet)? How is the product you have selected priced compared to the market? How much research have you done and how much product knowledge do you have to know it’s the right one?

This is not to say that you should have the knowledge, skill, and experience in finance to deeply understand your own situation and know the best strategies and products across the market- that’s why there are professionals. It’s much like visiting your GP or medical specialist.

At Build & Protect, not only have we travelled down the lending road countless times, but we also aim to optimise the finance process to reduce time and stress for our clients, and to provide them with proven strategies and advice on how to achieve their goals. In fact, it’s our mission to deliver an unparalleled finance experience, every time.

Have a fantastic week.

The team at Build & Protect Financial Services