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Working with a mortgage broker can provide a range of benefits that your bank cannot.
When considering the best way to secure a mortgage, many people naturally turn to their bank. However, this might not always be the most advantageous route. Here are three reasons why opting for a mortgage broker, like Amy Kemp, might be the better choice.
One of the most significant advantages of using a mortgage broker is the access to a wide array of loan products. Unlike banks, which can only offer their own loan products, a mortgage broker can compare more than 30 lenders and their hundreds of loan products. With the ability to tailor their search to your specific needs, mortgage brokers can significantly increase your chances of finding a loan that offers the best terms and conditions for your circumstances.
Another critical factor that sets mortgage brokers apart is their legal obligation to act in your best interest. Under the Best Interest Duty, mortgage brokers must prioritise your financial well-being when recommending a loan product. This contrasts with banks, which are primarily concerned with selling their own products. By working with a mortgage broker, you gain an advocate who is focused on finding the best loan for you, not just any loan.
As your financial situation evolves, especially if you plan to grow your property portfolio, your lending needs will likely become more complex. This is where the expertise of a mortgage broker truly shines. A skilled broker, like Amy, can guide you in structuring your loans in a way that maximises your tax benefits and interest savings. Banks, on the other hand, may not have the incentive or the specialised knowledge to provide this level of strategic insight. Proper loan structuring can lead to significant savings over time, making it a critical consideration for anyone serious about building and managing their wealth through property investment.
With over 15 years’ experience in the finance industry, Amy has a deep passion for lending and helping clients achieve their financial goals. Her extensive knowledge, combined with a warm and bubbly personality, makes her an invaluable partner in your financial journey.
Brokers can significantly increase your chances of finding a loan that offers the best terms and conditions for your circumstances.
Our mortgage brokers and team of finance specialists will work with you to understand your goals, look at where you are today and help find you the best finance that suits your needs for today and tomorrow.
DPN were proudly recognised as a Mortgage Professional Mortgage Professional Australia Top Brokerage for 2023 for our work helping Australians with competitive finance solutions.
The information provided is general in nature and should not be taken as advice as it does not take into account your personal circumstances, needs or objectives. Individual lender criteria applies to the approval of credit products. Terms and Conditions and lending criteria apply and rates are subject to change.
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