Brokers are in demand when it comes to home loans.

More and more Australians are choosing brokers when it comes to getting a home loan. Recent numbers sourced by Mortgage and Finance Association of Australia (MFAA) have shown that broker demand is on the rise.

We all know that getting a loan is tough these days, but brokers have helped aussies secure more than 46.1 billion in home loans from January to March this year, which is the highest the study has seen since it first began in 2012. Mr Mike Felton, MFAA CEO mentioned that ‘customers continue to flock to mortgage brokers, which in my view is a clear reflection of the positive customer outcomes being produced.’

And how do you know which broker to use?
The study showed we like to tell our mates when we’ve had a good experience with a broker and why wouldn’t we. After all, they pretty much do all the work for you from researching and comparing loans to the application. The study showed that ‘for more than five years, broker clients have continued to refer brokers to other consumers as indicated in the growth of market share, which is a true measure of customer satisfaction’. Review sites also offer a helping hand with a bunch of client feedback such as product review, where Loan Market are currently ranked 4.8 out of 5 (we’re pretty chuffed about that).

Remember, a Loan Market broker can definitely, sort you out if you’re on the lookout for a loan by comparing loans from a panel of over 30 lenders. If you haven’t reviewed your loan for a while, with interest rates at an all time low with some lenders, now's the time to jump on it and see if there is something more competitive out there.

Read the full story on the MFAA website here