With all the comparison websites available it is has become easier for consumers to compare home loan products themselves and all from the comfort of their own home.
This is a good question!... The role of a mortgage broker is to not limited to just recommending suitable products for you. Your relationship with a mortgage broker should be on going. A good mortgage broker will provide advice in relation to debt products, manage the application process to ensure a smoother experience and continue to keep you updated during the life of your home loan.
When going D.I.Y. and relying on a comparison sites you many only be covering a limited range of available lenders. Mortgage broker will often have access to a much wider range. Comparison sites are remunerated by the lenders when they refer business; and similarly to how Google operates they often display paid 'promoted' products which are displayed at the top of the list.
Mortgage Brokers are highly regulated by ASIC and are required to fully disclose all commissions to their customers. Additionally, a mortgage broker should always be promoting the most suitable products to clients, opposed to the most profitable for themselves.
As a mortgage broker, it is our role to help you find a suitable product and at the right price. For some customers, the lender selected is based on their credit policy opposed to interest rate alone. It is these policy and product nuances which a mortgage broker can help you navigate and what a comparison website can't.
Get a Better Rate has been designed to provide you with all the tools to aid your research. When you are ready to proceed with an application, contact one of our brokers and we will look after all the paperwork for you. It doesn't cost you anything to just have a chat.