So, you’re ready to buy your first home.
Perhaps you’ve started saving for a deposit and are making the sacrifices to prepare for a mortgage.
Maybe you have your deposit and have even researched your market…but now what?
We advise you get yourself acquainted with a broker, stat.
For these few simple reasons:
A broker is a wealth of knowledge.
And knowledge is confidence. For something as major as a property purchase it’s important to know as much as you can – all your options, choices and benefits should be presented to you before you lock into an investment of this size.
Brokers work for you.
A mortgage broker’s job is to advocate for you – purely to find you the best solution for your unique situation. Capable of offering up non-biased advice and knowledge, and with their relationships with major lenders, a mortgage broker can tailor your solution to your specific requirements.
A bank can only really offer you one option, their option – and if your situation doesn’t fit their criteria, your offer will be declined. You can move on, but chances are if you go next door to another bank, you’ll be greeted with the same criteria, and be declined in the same way.
This process is exhausting, and, more often than not, a waste of your time. (If only someone was there to make life easier!)
Brokers make life easy.
Applying for a Loan is time consuming. Completing forms, providing supporting documents, not to mention all the research required to simply understand what’s going on.
And then there’s following up your application process, and keeping in touch with your Real Estate Agent, Solicitor or Conveyancer. All of this can really chew through your time.
A broker saves you a lot of that time.
Dealing with lenders on a day-to-day basis, we know how to wade through all those steps productively and professionally. We also have all the information on hand – across the board – and we can keep you informed every step of the way.
And best of all,
It won’t cost you anything.
It’s true. The service of a mortgage broker usually doesn’t cost you. It’s actually the lender that pays the broker’s commission after your loan settles.
Oh, and one more tip…
Start before you’re ready. Pre-approval is your key.
So, you have your deposit, maybe you’ve found a property and you need to act quickly. Or you’re heading to an auction and need to throw in a confident bid.
Engage in a mortgage broker in these early stages and set yourself up for pre-approval. Pre-approval will give you that edge you need going into bid for your home.
Pre-approval can be done even before you start looking for property.
For more info on pre-approval, see our earlier post, “Considering your next property purchase? Consider it sorted with Pre-Approval”
Still have a few niggling questions that might help steer you in the right direction? Or maybe you’re ready to make a move, get your foot in the door.
Put one foot in front of the other, make the first step and give us a call. It’s is that simple.
We’ll help guide you through the next few steps, maybe even beginning with how much you actually need to save for… and we promise, before you know it, you’ll have your foot in the door – of your new home!
Get in contact today, for a better tomorrow.