WITH the raft of home loan comparison sites available online these days, many house-hunters are choosing to do their research solely with them.
But, Aussie’s founder and Executive Chairman John Symond said this can be a mistake, as they may give the cheapest interest rate – but they don’t give you the wealth of information a broker can.
“The comparison sites are good because they give you an idea of what may be out there,” he said.
“But at the end of the day, you need to sit down with a professional accredited broker who has got access to hundreds of different loans.”
“A broker can take you through the process, can assist you through the maze and ensure that the process as easy as possible because buying a home can often be a stressful process.”
Mr Symond said a broker can take the time to explain all of the different products, the different fee structures and also has intelligence on which lenders are experiencing delays in their processes.
“The broker will also know which lenders are fast-tracking approvals because with so much business going through the Big four banks, some have experienced delay in processing loan applications,” he said.
“It’s no good going to a bank because their interest rate is a smidgen under the others, if they’re taking a month to process your loan you could lose the property.”
“Go and let the broker do the hard work for you, and the best thing is – it’s a free service.”