Nearly 60% of home loans in Australia today are settled by mortgage brokers. This number is expected to rise, according to most lenders. Brokers have made the mortgage lending sector more attractive. They offer home loans that are matched to the requirements of borrowers from multiple lenders to help them make informed decisions and save money.
Get The Most From Your Home Loan
To arrange their home loan, many home borrowers in Australia prefer to work with a mortgage broker. Why? The reason is that mortgage brokers have access, among other lenders, to home loan deals from non-major banks as well as credit unions. This allows borrowers to access smaller lenders that might be cheaper than if they had visited the big banks directly.
Another reason Sydney mortgage brokers are becoming more popular is that they can help you get the best rates. Many home borrowers have felt aggrieved over the recent out-of-control turn rate increases by the four big banks in the last few months. Many borrowers are now questioning whether they have the best possible home loan deal. Many borrowers are now turning to mortgage brokers to find better home loan deals.
The industry is also undergoing increasing regulations, which will only make it more difficult for consumers to trust mortgage brokers. The Advisor says that increased regulation will boost professionalism and improve the reputation of Australian mortgage broking. Customers are more comfortable choosing brokers than bank branches when they feel safe in a well-regulated sector.
First Home Buyers Be Here For Treat
The government introduced the First Home Super Saver program to encourage first buyers amid the cool property prices in Sydney. Many states offer stamp duty exemptions as well as substantial first-home owner grants for those who purchase their first home in Australia. Sydney mortgage brokers can offer valuable assistance to first-home buyers by providing information and guidance about the financing process and offering competitive rates. They can also gain long-term clients and valuable word of mouth publicity in return.
Many investors have turned to mortgage brokers to help them due to the stricter regulations imposed by APRA for investment lending. Professional mortgage brokers can help investors secure competitive rates and keep them informed of policy changes.
Brokers Have Plenty Of Time To Win
Brokers have many opportunities in 2018. While our broker partners are busy helping homebuyers save on their home loans, Sydney Brokers is constantly improving the technology and tools that we provide to our brokers to better serve their customers.
Our AI-backed platform uses broker behaviour to provide qualified leads for them regularly and keeps their marketing costs low. To keep customers accountable, Sydney Brokers must have a minimum of 4/5 customer ratings to continue to receive leads. Our brokers also have access to an advanced CRM dashboard that includes all the tools necessary for the efficient management of leads. This includes custom reminders, document collection, and other digital functions. This allows brokers to manage clients easier and also allows them to provide better customer service.