Often when we’re in the market for a new home loan or mortgage the first place we go to for advice is either the bank or our mortgage broker. Most people don’t realise that some of the best home loans are available online – right at our fingertips!
Unfortunately both mortgage brokers and banks have a vested interest in selling us product because they gain commission or revenue from us when we purchase. Even independent brokers can be swayed by the dollar signs they get from certain products which means they may not be acting in our best interests.
There are ethical mortgage brokers out there, but the problem with mortgage brokers in general is that they do not have access to every product on the market. They usually have a portfolio of products from certain providers and don’t have access to products outside this range. By spending some time online, you can quickly and easily find a great home loan with very competitive interest rates available.
When you research online you have access to the same home loan comparison tables as your broker, as well as an array of mortgage calculators to make finding your new mortgage a breeze. Also you will have access to home loans and mortgages that are online-only – they do not have a physical shopfront. These mortgage and home loan providers offer some unique possibilities to the consumer and are well worth a look.
The Benefits of an Online Mortgage or Home Loan
The Benefits of Researching A Home Loan Online
Peace of Mind – Doing your own research and choosing your own product will allow you to feel happy and confident, knowing that the best decision has been made for you and by you! Doing your own homework means more money in your pocket over the long term.