More Australians are using mortgage brokers than ever before – highlighting the growing value borrowers place on comparing lenders and loan options.
Brokers facilitated a record 81.6% of new home loans in the June quarter, according to Cotality data commissioned by the Mortgage & Finance Association of Australia.
That market share has increased by 27.7 percentage points over the past eight years.
Why borrowers are changing how they shop
For consumers, the appeal often comes down to choice and convenience.
Different lenders can have different:
- Interest rates.
- Borrowing policies.
- Serviceability calculations.
- Loan features.
- Eligibility requirements.
That matters even more when rates are elevated and household budgets are under pressure.
With lenders offering different rates, policies and features, a broker can help you compare your options and make a more informed choice.
Buying or refinancing? I can compare lenders with you and help you understand which options may suit your circumstances.
