There are a lot of benefits when you talk to your mortgage broker. Here’s one of the comments of those who sought out their mortgage broker for advice.
“If I hadn’t discussed with my mortgage broker all the things that I wanted, no way would I have saved thousands in interest on my home loan. Let’s admit it, who wants to shell out more cash to the banks than they have to?”
His broker presented him with various choices, which included a basic loan that has a 12 month honeymoon rate. He further mentioned that while it was attractive to pay a little much less every month, he had plans to travel in a couple of years and so getting little bit ahead on his loan is his goal.
If he gets an offset account, he can slowly build up on his savings, decrease his home loan interest fees and not pay any tax on the cash he saved.
Obviously, a basic low rate of interest home loan makes a lot of sense under the right circumstances. However, do not make the mistake of believing that the huge banks usually have the best interest rates. You’ll find many smaller lenders available who are enthusiastic to do business with you.
They usually have lower overheads or various financing arrangements, and so they have greater chances to drop some extra points off their home loan interest rates.
It’s free to speak to a mortgage broker about which kind of home loans would fit you. You can save a lot in interest payments and refinancing charges.