In recent years, Mortgage Brokers have become the top choice for Australians looking to secure home loans. New data from the Mortgage & Finance Association of Australia (MFAA) revealed that mortgage brokers accounted for a staggering 73.7 percent of all new home loans in the quarter ending June - marking the second highest result on record.
That’s nearly three-quarters of borrowers choosing brokers over banks and it’s easy to see why.
A record-breaking preference
Mortgage brokers are growing in popularity because they provide something that banks often cannot - choice.
Instead of presenting a single solution, mortgage brokers work with a range of lenders to find the best solution for each client. This means with access to a wide variety of products, across numerous lenders, you’ll get a range of options tailored to your unique situation. Whether you’re looking for the lowest rate, the most flexible repayment options or a combination of both, we work to streamline the loan process and personalise the experience to your needs, ensuring you get a loan that suits your financial situation and goals.
With more choice, you can feel confident you’re getting a loan that truly works for you.
Mortgage brokers educate and empower
When you work with a mortgage broker it’s not just about signing the papers. Brokers guide you through the mortgage process, helping you understand what’s required, meeting lenders' requirements and educating you about the broader financial landscape. This means you’re not only prepared to get a mortgage but also empowered to make well-informed decisions about your future.
Governed by legislation
Mortgage brokers are legally required to prioritise your interests. Unlike banks who are obligated to maximise profits for shareholders, mortgage brokers are governed by legislation that requires us to find solutions that suit your needs. This client-first approach ensures that the loan we recommend is genuinely the best fit for you, not just the most profitable for us.
Flexibility for all types of employment
With the rise of self-employment, freelancing and contract work more people are employed in non-traditional ways. Mortgage brokers excel in finding options for those outside the standard nine-to-five employment model, providing greater flexibility and accommodating unique financial situations.
Peace of mind through every step
Perhaps the most benefit mortgage brokers can offer is peace of mind. From the initial search for the best loan options to managing paperwork and negotiating terms, brokers support you through every step. We’re here to answer questions, address concerns and make the process as smooth and straightforward as possible, so you can focus on what matters most - enjoying your new home.
The data doesn’t lie. With nearly 75 percent of loans now being arranged by mortgage brokers, Australians are clearly recognising the benefits brokers bring. By offering choice, personalised services and support for diverse financial situations, mortgage brokers are reshaping the home loan landscape.
Reach out to Shane today on, 0493 284 919 or at shane@cphl.com.au for a no-obligation discovery chat and discover how Clear Path Home Loans can help you find the right loan tailored to your needs.
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