How to choose
55% of Australians take out a mortgage with a mortgage broker… And 55% of Australian’s can’t be wrong! Mortgage brokers offer you what a single lender can’t – more choice and the expertise needed to compare lenders effectively. It’s important to keep in mind that customers who go direct to a bank will only be offered a product from that bank; for example, Westpac wouldn’t recommend you a product from ANZ and vice versa.
A broker has access to a large panel of lenders, which means that they are well-positioned to find the perfect product to suit your situation. If going directly to a bank is your preference, keep in mind it can become time consuming to investigate the products on offer from all the different lenders, and then work out which one of these is right for you.