Navigating the world of home loans can feel overwhelming. With so many options—major banks versus smaller lenders, fixed versus variable rates—it’s easy to see why more Australians are seeking expert guidance.
In fact, Mortgage Brokers now assist with a record 76% of all home loan applications. That’s three out of every four borrowers choosing Brokers over going it alone.
So, what’s behind this growing trend? Here’s why more Aussies are relying on Mortgage Brokers for their home loan needs:
Every lender has different rules when it comes to assessing your borrowing capacity. What one bank is willing to lend could differ greatly from another. Mortgage Brokers are well-versed in these differences and know which lenders are more likely to work with your financial situation.
If you’re self-employed, have a unique income structure, or simply want to increase your borrowing potential, a 1st Street Broker can help you find the right lender and improve your chances of approval.
Mortgage Brokers have access to a wide panel of lenders, offering you a broader selection of home loan products than any single bank. They’ll take the time to understand your goals and financial circumstances, then recommend a loan that genuinely fits your needs.
Banks, by contrast, will only promote their own products—whether or not they’re the best fit for you.
Some lenders offer special deals for certain professions—like doctors, teachers, or self-employed individuals. A Mortgage Broker can connect you with these opportunities that you might not even know exist.
Plus, Brokers often have the ability to negotiate better interest rates or loan terms on your behalf. If you approach a lender directly, you’re left to negotiate those terms on your own.
Brokers are legally bound by a Best Interests Duty, which means they must put your financial interests ahead of their own. They’re focused on finding a loan that truly aligns with your goals—not just making a sale.
Applying for a home loan involves a lot of paperwork and fine print. A 1st Street Broker takes care of all that legwork—from gathering documents to liaising with lenders—making the process far less stressful.
Whether you’re just starting to explore your borrowing power or reviewing your loan after settlement, a 1st Street Broker can guide you every step of the way.
Buying a home is likely one of the biggest financial decisions you’ll ever make. Working with a Mortgage Broker can make the experience simpler, smoother, and potentially more cost-effective.
If you’re ready to explore your options, get pre-approved, or review your current loan, reach out today—and see why more Australians than ever are choosing to work with us.
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We can help get you into your new home.
We’ve worked with clients across Australia to access the different first home owner grants (FHOG) as well as the various stamp duty and other concessions that may be available depending on which state you are in. We can talk you through your various options as well as helping you compare things like buying vacant land vs. an established home.
Use our online calculators to work out how much you can borrow, loan repayments, stamp duty and lots more.
