We know that figuring out who to reach out to to get a home loan can be a challenge and for veterans on DVA incapacity or Comsuper Class A or B pensions, or those on pension from the impacts of their time in the emergency services, that can be even harder trying to find a bank or a broker who understands these payments, the frequency of them and the longevity of them.
Then for serving members or veterans who may be able to access entitlements such as DHOAS or HPAS can add another layer of complexity to finding a broker or bank who gets these things.
One of the biggest benefits of using a mortgage broker is choice. Different lenders assess applications differently, and what may be declined by one bank could be approved by another. Brokers understand lender policies, credit requirements, and borrowing criteria, allowing them to match clients with lenders that are more likely to approve their application. This can be especially valuable for self-employed borrowers, investors, first home buyers, veterans, or people with more complex financial situations.
Plus, brokers are often willing to help give you an understanding of your borrowing capacity before you go and buy a property, so you don't over pay for a property that you may end up getting declined on a loan for.
If you are starting or on your property journey, want to look at your refinancing options for a mortgage you already have, or get an idea on your borrowing capacity, then reach out to us to speak with a mortgage broker by clicking below: