Home Loan Acquisition Is Changing
The way people shop for home loans is changing.
In the past, you used to rely on banks and brokers to get all the information you needed about home loans, but thanks to the internet, today’s borrower can often get their search started in the comfort of their own home.
In the past, it was all about talking to someone face to face and setting up a plan for how much you wanted to borrow - and while this is still an important stage of the process, it’s often no longer the first step.
One of the most convenient ways to get your search started is the online home loan calculator.
It may not give your exact borrowing capacity but it will give you an idea of how much you may be eligible to borrow.
It makes it easier to get a rough understanding of what is out there - and where you stand - so you can go into a meeting with a mortgage broker with basic information.
This also helps you to ask the right questions and get the most out of the meeting with your broker.
To get a more detailed information on your situation, talk to a Loan Market mortgage broker today.