Building your first home can be incredibly exciting, but it can also be a little overwhelming. The financial requirements for building a brand new home are very different compared to purchasing an established property.
If you're looking to build your first home, an experienced and qualified mortgage broker may be the key to securing and managing your construction home loan seamlessly.
A mortgage broker will compare lenders and home loan products to ensure their clients secure the right deal for them. Their wealth of knowledge and experience means that they can guide their first home buyers through the entire home loan process, explaining the ins and outs of the application and answering any questions you may have.
Finding an excellent broker can mean your home loan journey is an easy and more affordable process. Here are just some of the benefits:
Mortgage brokers specialise in finding the right deal for you and your circumstances, by tailoring solutions from a wide range of lenders. They understand the latest market trends, and they have the specialist knowledge to present you with home loan options that best suit your interests and goals.
This is in stark contrast to heading directly to a bank, who only offer you their own home loan products. In many cases, brokers also have the ability to negotiate a rate that is lower than what is offered direct from a bank.
A broker will take the time to understand your lifestyle, financial circumstances and objectives, and use our knowledge and tools as construction loan specialists to thoroughly investigate and compare a panel of lenders, and then pinpoint the home loans with the features and benefits that match your needs.
Comparing lenders and products can take hours and lead to confusion, not to mention getting into the nitty-gritty details to make sure you're comparing apples with apples. Brokers ensure they are on top of all the latest rules, regulations and products, so you don’t have to be.
Brokers also have the highly intelligent software, intel, and relationships that make the entire home loan easier for you. This is even more important as you near settlement, as any little hiccups can be resolved swiftly and without you needing to do any last minute running around.
Knowing which deal is right for you is one thing, applying for it is another, and then there's progress payments and settlement to manage. We aim to make the entire home loan application process as stress-free as possible. A broker can help you understand your borrowing power (how much you can lend for your new home) as well as advising you on how to organise your finances and ensuring that all the paperwork is in place for a smooth approval.
We deal with your lender and other parties, so you don’t need to. We also use the latest technology and systems to gather your financial information, meaning less printouts and sorting through old bank statements, which equates to faster turnaround times. You'll also have our support through progress payments and settlements to ensure that any issues that may arise are resolved quickly.
We believe that your first home journey should be easy, trusted and free. While many mortgage brokers charge a fee (usually a few hundred dollars), you don't need to pay a cent for services at Geelong Finance Specialists.
Our expert mortgage brokers charge the lender for providing you as a customer, so our service to you is completely free. No hidden fees, no extra rate, just a tailor-made solution at no cost to you.
So, if you're ready to start your first home journey, get in touch with us today.