“If you want something done right, you better do it yourself” doesn’t exactly apply when you’re getting a home loan.  It is therefore important that you work with professionals, including a mortgage broker.

Your broker understands how mortgages work, which could ease off a lot of pressure and stress from you. Here are more reasons why using a broker makes sense:

1. They give you the power of choice. When you do things on your own, your options for lenders are severely limited. What’s more is that you’ll probably focus only on bank lenders where in fact there might be better deals from non-bank ones. When you use a mortgage broker, you can take advantage of his vast network of lenders. What is means to you is that you will have a wealth of options, thereby increasing your chances of finding a loan that truly fits your needs.
2. They help you avoid costly mistakes. Some deals may look great on paper, but not until you finally figure in the fees, penalties, and charges involved. Having a broker on your side would help you make aware of these pitfalls so that you can avoid them altogether. The loan that your broker will recommend you make not seem the cheapest, but it’s the best one according to your personal circumstances.
3. LC Home Loans offer their services for free. If you really want to save money, then this might be the most compelling reason yet to get a broker. How it works is that lenders give brokers a commission from the loans that they write, so you won’t have to pay them. Aside from that, the deal that you’ll get from going to a lender directly will likely be the same as when you use a broker, so why not get his services from the get go?
4. Save research time. Contacting banks and comparing loans online can take time. I have the software, bank contacts and systems in place to quickly filter through the loan products meaning you don’t have to.
5. Save money. With access to over 1400 financial products and direct bank contacts, I can source, negotiate and structure the most suitable home loan for you, which can save you thousands over the course of your home loan.