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Many people head straight to their bank when it comes time to apply for a loan, but you may be missing out on significant benefits if you do. There are countless reasons why it pays to use an Accredited  Mortgage Consultant when shopping for your  loan, and even if you want to use your own bank for your mortgage, you can still use a mortgage consultant to process paperwork and manage the application on your behalf.  If your heart’s not set on using a particular lender, a mortgage consultant can be your best friend. There are five arguments as to why every borrower should seek out a qualified mortgage consultant when trying to obtain property finance:

1.Choice

The biggest advantage of an accredited Mortgage Consultant, over a bank, is choice. When you sit in front of a Mortgage Consultant you are sitting in front of 10+ banks and 50+ products versus visiting a banker who has access to only one bank’s products.

2. Experience

Ask your lending manager how long they’ve been helping people with home loans. Mortgage Consultants often own their own businesses and are committed to their clients in the long term, with many years of industry experience. Banks are big companies; they move their staff around and reward good performers with promotions, away from their customers.

3. Specialisation

If you’re looking for specialised assistance with your loan, it pays to talk to a specialised Mortgage Consultant . For example if you’re starting property investing, look for a Consultant who specialises in property investments. Bank staff often don’t have the training or experience in one area, but service whoever happens to walk in to the branch.

4. Follow Up

Following up the progress of your loan application is time consuming and frustrating. A good Mortgage Consultant  will have a system for chasing it up for you, keeping you informed and saving you time.

5. Personal Banker

Your Mortgage Consultant is like the perfect personal banker They know what needs to be done, they make sure it happens and because it’s their own business, they’re in it for the long haul. Bank staff change often, so even when you find a good personal banker, they may change jobs before you know it.

Our resident Debt Specialist Marc Ruhoff can be contacted on 0431 33 99 18 or marcr@navigatefinancial.com.au

About Navigate

Navigate Financial Group is a long-standing financial advisory business dating back to 1991. We are based in Sydney with offices in the CBD, Manly and Brighton-Le-Sands.