The key issue when deciding how to obtain a home loan is one of trust. A home loan is probably your biggest single expense and the difference between the cheapest loan and a more expensive one can amount to thousands of dollars in the long run.
Which is probably why, every year, more people use people like us to help them get a loan, with less people going straight to their existing financial institution or researching the market themselves?
Between 30 and 40% of Australians use a broker when obtaining a home loan and this number has been steadily rising since the introduction of the mortgage broking industry. In some states, as many as half of all loans are organised by brokers.