Aussie Home Loans blog

Get the most out of your home loan.

  • Home
  • Buying Your Property
  • Money Smarts
  • Maintaining Your Property
  • Ask John Symond
  • Life and Style
  • Customer Stories

Category Results

Tag Results

Author Michelle McKinnon Results

Meet with a Broker

Mortgage brokers – definitely worthwhile

October 30, 2018 By Michelle McKinnon Leave a Comment

mortgage brokersFrom independent rate hikes to tighter lending criteria, Aussie CEO James Symond, explains why a conversation with your Aussie Broker is definitely worthwhile.

“Information is power in the current mortgage market,” says Symond. “But most home buyers or home owners don’t have the time to thoroughly research their options – and that could mean missing out.”

Already, more than one in two (59.1%) home loans are arranged with the help of a mortgage broker according to Comparator.

“Over the last 27 years we have seen a phenomenal rise in the number of people turning to brokers. It’s testimony to the service and value that mortgage brokers provide,” notes Symond.

Lenders are looking for their preferred borrower

Adding to the complexity of the market, Symond says home loan lenders are focusing on different types of borrowers.

“Lenders are all competing for their own slice of the home buyer pie,” he explains. “Some are targeting first home buyers with a large deposit. Others are targeting refinancers. The trouble is, consumers have no way of knowing which lender covers their particular needs.”

Are comparison sites helpful?

“All information that home buyers can pull together is good, provided it is taken in context,” says Symond. “However, there is no substitute for a face to face meeting with someone who can dive deeper into your needs. That’s what a mortgage broker does – and unlike a website, your broker will be with you for life.”

According to Symond, relying on comparison sites can even lead to disappointment. “We see this all the time,” he says. “It can be a big time waster, and very demoralising, to apply for a loan that seems to tick all the boxes only to find that you’re not eligible.”

Flex your buying power

Along with the right home loan, Symond says it’s important not to pay too much for a home.

“In a market that’s softer or stabilising, buyers can’t afford to be emotional,” he explains. “This is not the time to pay silly amounts over what you intended. Stick tightly to your buying budget.”

Record low interest rates and weaker home values in a number of cities are giving first time buyers excellent buying opportunities, and Symond says first home buyers are definitely on the comeback trail.

“We are seeing a meaningful rise in first home buyers across the country,” notes Symond. “First home buyers are really on the front foot. They know there are pockets of value they can afford to buy in.”

Having the right home loan matters

Nonetheless, having the right home loan in place can be the thing that gets buyers across the line. “No matter whether you’re a first home buyer or an existing home owner, pick up the phone and make an appointment with your local Aussie Broker,” says Symond.

He adds, “For over a quarter of a century we’ve helped 1.3 million Australians find a new or better deal on their home loan.”

This article was originally published in October 2018 and has since been updated.

You may also be interested in 5 things to look for in a mortgage broker,
Mortgage Broker or Bank – do you know the difference? and 5 ways a mortgage broker makes choosing a home loan easier

Related posts:

trust your Aussie Broker4 good reasons to trust your Aussie Broker mortgage brokers5 things to look for in a mortgage broker local aussie brokerHow a broker helps when lending criteria is tightened Smiling millennialsWhy young buyers are talking to brokers

October 30, 2018 Michelle McKinnonLeave a Comment 

Filed Under: Buying Your Property Tagged With: borrowing-strategies, first-home-buyer, mortgage-broker

Meet with a Broker
Property Guides
Tools and Calculators
Repayment Calculator

About Michelle McKinnon

Michelle is the PR & Content Manager at Aussie and a self confessed foodie. She’s eaten her way through more than 40 countries and is hungry for more trips abroad! Proud to be a Sydney-sider but boasting a dual passport Michelle is keen to indulge her wanderlust and return to Spain and Italy for more flavour filled adventures.

Search the Aussie Blog

Borrowing Calculator
Repayment Calculator
Property Guides
Meet with a Broker

Connect with us

Popular Posts

  • Buying Your First Home With Little or No Deposit Buying Your First Home With Little or No Deposit With the property prices where they are today there has...
  • If you’re thinking that it could be a good time to buy your first home but aren’t sure about how you can get your foot onto the property ladder or if you have saved enough

    More...
  • 7 easy ways to add ‘wow’ to your outdoor area (and value to your home) 7 easy ways to add ‘wow’ to your outdoor area (and value to your home) Outdoor space is highly prized by home buyers, but ther...
  • Outdoor space is highly prized by home buyers, but there’s no need to spend a fortune on professional landscaping. Our seven simple projects can add value to your lifestyle – and your home. Don’t underestimate

    More...
  • Five reasons you may transfer home ownership Five reasons you may transfer home ownership While selling on the open market is an obvious one, the...
  • While selling on the open market is an obvious one, there are several other reasons why you may be transferring home ownership. Here are five of these reasons, plus guidance on your legal and financial

    More...
  • House number numerology: Do you live in a lucky house? House number numerology: Do you live in a lucky house? For numerologists, a property’s number can say a lot ab...
  • Discover what the best house numbers are, according to house number numerology. When you’re in the market for a new home or investment property, there are plenty of boxes to tick - large kitchen, off-street parking,

    More...
  • Construction loans and how they work Construction loans and how they work With residential property prices rising across our capi...
  • With residential property prices rising across our capital cities, it’s no surprise that we’re also seeing a rise in construction loans as savvy home owners and buyers look for a cheaper alternative to buying and

    More...
The fine print Moderation Policy

Aussie is a trade mark of AHL Investments Pty Ltd. Aussie is a subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124. © 2019 AHL Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786.