4 reasons why you should use a mortgage broker
When it comes to investing in property and building a large portfolio, a good mortgage broker will play a significant role in boosting your personal wealth.
The popularity of mortgage brokers has increased significantly in recent years, so why is it important to use these specialists rather than directly engaging a lender?
Here are 4 reasons.
- A good broker can strategically arrange your finances and loans so you can access a higher volume of credit.
- A good broker can structure your finances to suit your individual circumstances (i.e. your financial capacity, investment goals and life circumstances).
- A good broker will have access to a wide variety of lenders. In Momentum Wealth’s case, more than 40.
- A good broker will save you time and money as you won’t have to shop around to find the best deal.
There a number of benefits to using a mortgage broker, but it’s important to note that not all brokers provide the same level of service.
It’s critical to engage a broker that specialises in investment loans because they will have a deeper knowledge and more experience with such transactions, whether it be for the direct acquisition of a residential property, to finance a residential development, to invest via a SMSF or to purchase a commercial premise.
Overall, a good mortgage broker will provide the right advice and recommendations that will help you to build a larger property portfolio much faster.
Before you even start your search for an investment property, you should engage a broker who specialises in investor loans to gain a comprehensive understanding your financial capacity.