Should you use a broker or bank?

In 2021 the Mortgage & Finance Association of Australia revealed that 66.9% of all new residential home loans were written up by mortgage brokers.

This poses the question of why many people are choosing to use a broker than work directly with banks. Working with a broker during your loan process gives you the potential to save thousands in unnecessary fees that you could face by working directly with a bank. Australia has 53 banks and by working with a mortgage broker they will work to find which bank can offer you the best rate. Brokers also take care of all the necessary paperwork to keep the loan moving through, and best of all working with a broker is FREE you don’t have to pay anything out of pocket.

At Concise Finance, we have a team of experts who can advise you on the best course of action. It's time to reap the rewards - let us do the hard work for you!