EZY LOANS AUSTRALIA · WHY USE A BROKER
Why Use a Broker?
Why using a broker is the smart way to go when it comes to finding the right finance for your situation.
What exactly is a mortgage broker?
More than half of all Australians taking out a mortgage do so with the help of a mortgage broker. There are literally hundreds of different loan products available right now. With so many lenders, and so many products under each of their brands, it is so important that you make the most of this when it comes to such a critical decision as who and what you choose for your home loan.
What a broker does, how they are paid, and why more than half of Australian borrowers now use one.
While all that choice makes it harder to pick the right loan yourself, it does mean there is likely a lending solution out there that will meet your needs. It is just a matter of finding it, and that is where a mortgage broker comes in. We shop around for a loan that is right for you and your circumstances. You could be a first home buyer, looking to refinance, looking to invest, or wanting to secure a competitive commercial or asset finance product. We stay up to date with constant changes in the home loan market and new products, so we can go in to bat for you and match you with the right solution, doing the hard yards to get you into the right deal.
Why not just go to a bank?
Firstly, it is hard for most people to choose. Which bank? Which product? What about building societies and credit unions? There is just so much choice. And with the Reserve Bank often moving official interest rates, and banks able to move their rates independently, it is an ever-changing market, not to mention all the new products constantly being introduced.
With choice comes complexity. It can get tricky to navigate through it all, and it can take a lot of your time (and sanity sometimes too). A mortgage broker will steer you through the complexities to find a loan that suits your needs, and not the needs of just one particular bank. We then deal with the lender and help manage the application process on your behalf through to approval.
That is why a broker makes sense. We do this day in and day out. We know the lenders and their products, and we are up to date with changes to lender policies, products and their different lending appetites. Banks enjoy working with brokers, as we do a lot of the work for them and may help speed up the application process. Put simply, having a broker in your corner makes it easier to find the right loan, saves you time and, hopefully, money.
When is the best time to use a broker?
Whatever part of the loan process you are at, and whatever type of loan you are looking for, we are here to help. It does not matter if you have 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 want to find out if there is a better borrowing option than the one you have. Any time is a good time to explore your options.
The first thing we do is catch up to understand what it is you want. We are, after all, your finance professional, so the better we get to know you, your financial circumstances and long-term goals, the better we can help you. It is not just about finding the lowest interest rate. There are other things to consider. For example, if you are 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, managing the process on your behalf.
LET'S KEEP IT SIMPLE
What a broker does for you
Working with Ezy Loans is designed to be simple from start to finish. Here is what that looks like:
It’s easier
We catch up with you at a time and place that suits — at home, at work or over a coffee, during the week, at night or on the weekend. We look at your current loans and circumstances, research and find the right solution, and take care of the paperwork, managing the whole process on your behalf.
It’s fast
We can get things moving quickly. We work with our lender networks and contacts, looking to secure your finance as fast as possible.
It’s more than just loans
Lenders will ask you to take out insurance on your new property. We can help you arrange cover to keep the approval process moving quickly.
It’s all about you
We work for you, not the bank. We get to know you personally to understand your unique circumstances, and from experience we know which lenders may have the product to meet your needs. We negotiate for what’s right for you, not what’s right for one particular lender.
Using a mortgage broker is the smart way to go
- We provide real choice, looking to find you the right deal
- We work with multiple lenders, not just one, keeping competition alive
- We may negotiate a better outcome
- We help at a time and place that suits you, doing the legwork for you
- Our aim is to save you time and stress, and get things moving as quickly as possible
We're here to help make it easier
If there is something you do not understand or need more of an explanation, please just pick up the phone or email today. Talk to Ezy Loans for free, obligation-free advice.
Written by Amrinder Singh – Mortgage & Finance Broker, Ezy Loans Australia. Credit Representative 505232, authorised under Australian Credit Licence 377294 (Mortgage Australia Group Pty Ltd).
This guide provides general information only and does not take into account your objectives, financial situation or needs. It is not financial, tax, credit or legal advice. All loans are subject to lender approval and eligibility criteria.
Ezy Loans Australia is a Perth-based mortgage and finance brokerage helping first home buyers, investors and refinancers across Australia secure the right loan with confidence.
Contact Info:
- 905 Hay St, Perth WA 6000
- amrinder@ezyloansaustralia.com.au
- 0432 066 362