Are You Sick Of Your Bank Controlling Your Life?
Craig Schulze
Founder of The One Shot Movement ??| Author ??| Speaker ?? | Investor ??| Podcast Host ?? | Coach ??
In 2022 your bank is squeezing more money out of you. Month after month, your bank increases the interest rates on your home loans and credit cards.
If you feel stuck, stressed, frustrated and helpless that your bank is not your best friend then there is a solution.
Here are 7 reasons for you to change from a bank to a broker
1. Using a mortgage broker can offer you access to competitive interest rates that the major banks don’t always provide.
2. Mortgage brokers are knowledgeable about the lending industry and can help you search for products that fit your specific needs with lower rates than your current bank.
3. If you have a great broker they act independently of any particular lender and come without any pressure or bias in their negotiations, giving you more assurance that you will get the best deal possible.
领英推荐
4. Using a mortgage broker can also save you time, as they can do most of the legwork associated with searching for loans and negotiating with lenders on your behalf.
5. Brokers have access to more lenders than just the four major banks in Australia, which gives them a broader range of options when it comes to securing acceptable loan terms and conditions at lower rates than those offered by big banks.
7. A mortgage broker will also be able to assess your situation and make recommendations on how different loan types could affect your interest rate in the future – something banks may not be willing to do for fear of losing customers.
Ultimately, interest rates have a large bearing on the cost of funding a mortgage. For every uptick in interest rates, be it fractional or not, borrowers can expect to pay more each month in instalments. The RBA have put rates month-on-month consistently in 2022 and recent proclamations allude to further rate hikes come 2023.
People have the attitude that rate rises have to happen and you can not do anything about it.
The solution is simple. Don't put up with the high-interest rates any longer and drop me a DM today to speak to one of our experienced mortgage brokers about how we can help you achieve your homeownership dreams! Or contact me direct at [email protected] and I can organise your free consult.