When getting a home loan, first home buyers often make the mistake of walking into a bank branch and asking branch staff for assistance. Although it’s not considered the most smart move by many experienced property investors, this is actually quite natural considering you’re doing your everyday banking with them all these years and there seems to be no problem with them.
However, have you ever wondered your bank manager will only sell whatever products their bank offers? Well, they are not going to recommend a competitor bank’s product to you, are they?
Did you know those home loan products the banks sell may not be suitable for you or they may not be the most competitive deal on the market?
Even if you just want to borrow from your own bank, you are still most likely to be better off using a Mortgage Broker such Mortgage Corp than a bank manager to help with their mortgage.
Here are the top 5 reasons Mortgage Corp’s home buyer and professional investor clients say why they choose Mortgage Corp rather than a bank manager
1.More Competitive Interest Rate
Did you know getting the most competitive deal on your mortgage is almost impossible as an independent borrower, as the biggest savings and heaviest home loan discounts are set aside for premium lender partners.
Mortgage Corp ‘Premium Broker Status’ with most major banks and other lenders can give us access to service not available through most brokers, including the most exclusive loan packages, discounted rates and generous terms, on our clients’ behalf.
What does this mean for you? It means that by working with Mortgage Corp, a premium broker, you’ll save thousands, have more flexible finance options, and jump the queue so you’ll not miss an opportunity or suffer the frustration of delays or stress.
2.More loan options
Unlike a bank that can only sell you whatever loan products they have available, Mortgage Corp brokers are not tied to any one lender, we will shop around on behalf of our clients in search for the most competitive interest rate for you. We have over 20 lenders’ loan products to choose from and we can negotiate a better deal and recommend a home loan that suits your needs and lifestyle. That’s a choice of hundreds of different loans.
Mortgage brokers’ service is usually free. You Mortgage Corp’s mortgage brokers are paid by the bank once the home loan is approved, so there is usually no out of pocket cost for you. And they will not get paid unless they get your loans approved, so you can rest assure that your Mortgage Corp brokers want to get the loan for you as much as you do. Even if you do not use their service, it is still worthwhile to get their professional opinions. After all, it is free.
4.Time and Hassle saver
Your Mortgage Corp broker will do all the leg works for you, research and compare different loan options; negotiate interest rate and terms with the lenders; fill out and submit all the paper work for you; and follow up with the bank and the other relevant parties to speed up the loan process. If you are ever stuck with anything, your Mortgage Corp’s broker is just a phone call away. This means more time for you to spend with your family or enjoy yourselves doing whatever you like.
5.Industry knowledge and expertise
Mortgage Corp mortgage brokers have over 10 years of broking experience and are MFAA approved credit advisers. They can answer any questions that you may have regarding getting a home loan and keep you well informed throughout the whole loan process.
Unlike the bank manager and many other mortgage brokers that may be able to help you with general loans but simply don’t have the skills, experience or resources to genuinely help home buyers and property investors maximise long-term wealth.
Loan Structuring Strategies
This is why with all of our new clients, we always start with a Loan Structuring Strategy session.
- We discuss your goals and analyse your current situations to make sure you have access to discounted rates and conditions available right now
- We unpack your entire lending strategy to-date and suggest ways to save interest, fees and tax
- We dissect your current loan structure and discuss ways to free up cash to grow your portfolio faster. And we explore how different lending options may help you achieve your financial goals sooner
To discuss how we can work with you on building and growing a solid property portfolio, book a Free Loan Structuring Strategy Session today!
About Mortgage Corp
Based in Mt Waverley, Melbourne, Mortgage Corp specialises in helping successful professionals and property investors access discounted premium rates, minimise loan approval red tape and apply strategic loan structuring for long-term investment success.
Unlike many mortgage brokers that may be able to help you with general loans but simply don’t have the skills, experience or resources to genuinely help property investors maximise long-term wealth, Mortgage Corp loan specialists help investors develop a strategic approach to property investing for long term investment success.
About Neil Carstairs
Neil is the founder of Mortgage Corp, an active property investor and awarding winning MFAA credited finance broker with more than 10 years mortgage broking experience. Currently, Neil is one of only 19 MFAA Certified Mentors in VIC/TAS region.
He is known for his strategic approach to investing and ability to reach fast, successful outcomes for clients where his industry peers could not.