Navigating your loan
Thinking about a home loan? Brooke Rapson of Rapson Loans and Finance reveals why a mortgage adviser can save you time, stress and money, while finding the right loan for you.
PHOTOS JAHL MARSHALL
When you're looking at getting a home loan, working with a financial adviser can make a huge difference. Instead of going straight to a bank and being limited to their products, advisers have access to a wide range of lenders, including the big banks, non-bank lenders and even some specialist providers. That means they can compare a bunch of different mortgage options and help you find one that actually suits your situation.
They also know the ins and outs of lending policies, so if you've been declined or hit a wall with a bank, they might be able to challenge that decision or clarify things to get you across the line. It’s not just about finding a loan. It’s about finding the right one and getting it approved.
Advisers take the time to understand your financial goals, your current situation and how comfortable you are with risk. Whether you're buying your first home, refinancing or investing, they’ll tailor their advice to fit your long-term plans. And because they’re not tied to any one bank, they’re working for you and not trying to sell a specific product. They’ve got access to all providers and all products, so you’re getting a full view of what’s out there.
Another great thing is that they stick with you beyond the initial loan. When your fixed rate is up for review, they can help you reassess your options, refinance if needed or even plan your next move if you’re thinking about investing. They’re a solid resource to have in your corner throughout your financial journey.
The best part is that most mortgage advisers are paid by the lender, not by you. So you get all that support and expertise without having to fork out extra fees. That said, it’s always good to ask how they’re compensated, just to keep things transparent.
In short, having a financial adviser on your team can save you time, stress and money. They know the market, they know the process and they’re there to help you make smart decisions. If you're thinking about a home loan, chatting with an adviser is definitely worth it.