MYTH: One Mortgage Loan Fits All
Mortgage Brokers exclusively favour preferred lender/s
Our response: Unequivocally, 100% false
In the world of mortgage loans, one fundamental truth stands out above all others: not all borrowers are alike, and consequently, not one loan can adequately meet the diverse needs of every individual. This lies at the heart of our role to you at Go Mortgage. We want to serve as an invaluable guide when navigating the complex landscape of mortgage loan financing.
We know that as the same size shirt will not fit everybody, so the notion of being able to have an exclusive allegiance to a single lender is untenable, as it fails to accommodate the unique circumstances and preferences of each client. In this article, we delve into why the ethos of ‘one loan does not fit all’ underscores our lender selection process to ensure optimal outcomes for every client.
Our objective as mortgage brokers is to potentially streamline the loan process for you, saving you money, time, and effort. With access to a vast network of over 60 lenders, offering a diverse array of products, we provide you with unparalleled choice and ensure we identify the most suitable loan for your specific requirements. This stands in stark contrast to dealing directly with one lender, who may be constrained by their own product offerings. Different lenders have different policies and there may be some who would not even be able to offer you a loan option. So, to walk away empty handed is certainly not an option for you and it is not an option for us. Our ultimate goal is to get you into your dream home.
So, what do we do? We meticulously explore every available option in the market, ensuring that the solutions we propose closely align with your goals and unique circumstances. Your financial journey is important to us, and we are here to accompany you through it with transparency and expertise.
We consider choosing the right lender as a tailored approach where the key considerations for you are:
Interest Rates and Fees
We will compare interest rates, fees, pay out costs, and other associated expenses across multiple lenders to ensure you secure a competitive mortgage deal.
Loan Products and Options
With access to over 60 diverse lenders and their range of loan products, we will be able to compare and tailor our recommendation to align with your specific requirements, whether that be a conventional loan, FHB grant + loan, investment loan, SMSF loan, or refinance loan options.
Customer Service and Support
Beyond financial considerations, we also evaluate the quality of service provided by different lenders, considering factors such as responsiveness, transparency, and overall customer satisfaction.
Flexibility and Eligibility Criteria
This one is probably the most important! Depending on your unique financial profile, some lenders may offer more flexible eligibility criteria or specialised programs that cater to specific borrower demographics, such as first-time homebuyers or self-employed individuals.
By conducting thorough research, leveraging our industry expertise, researching and negotiating on your behalf, we will ensure that you receive impartial and comprehensive guidance throughout the loan process.
The Bottom Line: Your Best Interests Come First
In essence, the role of Go Mortgage to you is rooted in professionalism, integrity, and a commitment to serving the best interests of our clients. Rather than succumbing to the misconception of favouritism towards specific lenders, we adhere to stringent ethical standards and regulatory requirements to safeguard your financial well-being.
So, the next time you embark on your homeownership journey, rest assured that we are dedicated to finding the right lender for you—one that offers the optimal combination of affordability, flexibility, and reliability. With their expertise by your side, you can navigate the mortgage landscape with confidence and peace of mind.
Remember, when it comes to securing your dream home, your mortgage broker is your trusted ally, working tirelessly to turn your homeownership aspirations into reality.
So, remember to call, email, or visit our socials and website for all things Go Mortgage 🧡.