With so many loan products offered by all the lenders, it can be quite difficult trying to figure out whether or not you’ve got the best deal on your home or investment loan.
Doing your research and comparing what’s out there in the market is one of the most obvious ways to find out whether you’re getting the best deal.
But it can be time consuming and overwhelming for those without specialist knowledge of the mortgage sector.
It’s good to shop around, and yes you can use comparison websites, but because lenders call like products different names, it can get very difficult comparing apples with apples.
“Brokers know the special names and pricing, so it’s worthwhile working with one as not only will it save you time but you’ll also get a well-rounded understanding of the advantages of each product,” says the MFAA.
That understanding of each product’s pros and cons is essential, because the best deal isn’t necessarily just the one with the lowest interest rate.
It comes down to finding a loan that suits your plans. You may want to pay the loan off quickly, use it to fund renovations or investment down the track, or to pay the lowest interest and fees over the life of a loan.
At Craig Tracey Lending we will help you compare all the lenders and loan products out there, plus we go a few steps further to help you get the best deal. You will get all the information you need to get the best deal – we call it your Borrowing Plan.
Click here to find out more about getting the best deal: Get the best deal