Buying a new home is something that you do not do very often, and if it’s your first home then you have never gone through the process before.
It is easy to feel like a fish out of water.
That is where an adviser (or mortgage broker) can offer a lot of help.
Get Good Advice
As a mortgage adviser I have experience that I can share.
Getting a home loan is something that a good adviser will be doing all of the time and they know what a good home loan looks like both in the way it is structured and also making sure that the interest rates that you are being charged are fair.
It is even more important when you are not getting a standard home loan. Some of the non-standard home loans or construction loans for new builds are going to be that little more difficult, and therefore it is even more important to make sure that you have access to some expert advice.
I know some people say good advice is hard to find, but having had almost 20-years in financial services there is a fair bit of information and real life experiences that I am able to share.
Tap Into An Advisers Professional Networks
Just as importantly is the professional networks that an experienced adviser has.
When you are buying a new home you will be dealing with a number of people – from the real estate agents, the building inspectors, property valuers, solicitors and insurance brokers or companies as well as your mortgage broker.
If you do not already have contacts for these people then a good place to start is with your adviser who can introduce you to people from their professional networks.
An adviser will have many of these professionals on tap and available to help you. They have dealt with many of these people in the past so know which ones tend to be the most professional and therefore are able to offer you the best advice.
Dealing with your bank directly may mean you miss out on this level of support.
This is one more reason to use a mortgage adviser.