Aussies are discovering the benefits of using mortgage brokers in their search for a home loan, a recent survey has found.

“Mortgage brokers help guide you through the market and find a home loan appropriate to your individual situation. Brokers are there to help demystify the process of selecting a loan.” - Phill Naylor

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Mortgage Brokers Make Loans Light Work

Aussies are discovering the benefits of using mortgage brokers in their search for a home loan, a recent survey has found.

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Mortgage Brokers Make Loans Light Work

News: 22 July 2008
Aussies are discovering the benefits of using mortgage brokers in their search for a home loan, a recent survey has found.  The Home Finance Index, collated by the Mortgage and Finance Association of Australia, found that 75.1 per cent of respondents believed mortgage brokers took the leg work out of finding the right home loan and two thirds believed mortgage brokers were better equipped to find a loan suited to the customer’s circumstances.

MFAA CEO Phil Naylor sees brokers as a tool for making the home loan process less of a puzzle. “Choosing a home loan can be a daunting task,” he said. “Mortgage brokers help guide you through the market and find a home loan appropriate to your individual situation. Brokers are there to help demystify the process of selecting a loan.”

The index also found over 70 per cent of respondents turned to brokers for their wider range of home loans and expertise about products from numerous lenders.

Naylor recommends using MFAA accredited brokers because they must abide by a strict accreditation process and Code of Conduct. He added: “Mortgage brokers can provide you with a lot of information and choice, guide you to avoid pitfalls, saving you time and headache and ultimately, help find the right loan for you.”
 
By Katherine Vassallo
22nd July 2008

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