More reasons to keep in touch with your mortgage broker

A mortgage broker is an invaluable person to have in your life. Most people will approach a broker when it is time to buy a house, which is exactly what you should do. But even when your home loan has been finalised, you should keep your broker on speed dial because you never know when you may need their help.

Your broker can continually offer you counsel throughout the life of your home loan. It is a good idea to check in with your broker annually – perhaps think about giving them a call around tax time.

Keeping in touch will allow you to be updated about the different home loan products that have come onto the market since you acquired your home loan.

Various home loans offer different features which can help you get more out of your mortgage. It’s worth talking to your broker about how these different features may suit your changing circumstances.

For instance there is options in some home loans to make extra repayments when your income allows you to put more money into your mortgage but then when a big financial change happens – for example you are about to have a baby, some home loans allow you to redraw the extra money you have previously put towards your home loan.

Your broker can keep an eye on the market and advise you when different home loan features become available. He or she can also provide accurate information about whether it will be worth switching lenders.

To get more detailed information on your situation, talk to a Loan Market mortgage broker today.

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