Before purchasing a home, it's important to understand the difference between going directly to a lender and using a mortgage broker. Check out the key differences below:
PRODUCT RANGE: Mortgage brokers have access to no less than 20-30 lenders with over 1000-2000 products. When you go direct, you are limited to what the lender offers.
PRODUCT MATCH: Mortgage brokers take the time to understand their client's situation and needs. This information and access to a wider range of product significantly improve your chance of finding a product that suits you best.
CREDIT SCORE: A credit check run by a lender gets recorded as an enquiry on your credit file. Multiple enquiries can adversely impact your score. Checks run by mortgage brokers do not get recorded. When doing your research and exploring your options, using a broker will ensure there is no impact on your credit score.
CONVENIENCE: As well as having access to a wider range of products, mortgage brokers are a lot more flexible with timings. You are restricted to office timings and locations when using a direct lender.
Find out how Pivotal Financial can help you on 07 3007 9088 or for more information Contact Us
