Mortgage Brokers Offer More than “Just the Lowest Rate”
Announcement posted by Smartline Rockingham 08 Jul 2015
Mortgage brokers from Smartline Rockingham reveal why “just finding the lowest rate” isn’t good enough for their level of customer service.
Rockingham, WA, 08 July 2015 - The mortgage brokers at Smartline Rockingham have been helping clients in the Rockingham area obtain loans since 1999. In that time, they have seen repeat customers and a high rate of referrals. They attribute this to their high standard of customer service. According to Justin Smith, Principal Mortgage Broker at Smartline Rockingham:
“People come back to us because they know we care. They know we are thorough and will employ every means at our disposal to fit them with a home loan that is perfect for them.”
According to Mr Smith, one size does not fit all when it comes to a home loan. In a recent post on the company’s blog, Mr Smith identified five general types of homebuyers and what kind of loan may be the most effective for each type. The following is a brief summary of the five types.
The Budgeter
According to Mr Smith, budgeters prefer a predictable loan so they can keep it within their budget. They don’t feel that the benefit of lower interest is worth the risk of higher interest when they can arrive at a monthly repayment that will work within their budget. For the budgeter, a fixed interest rate loan allows them to best achieve their objective of a consistent, workable budget.
The Saver
Those who save a sizeable portion of their earnings every week often do better with a more flexible option. Variable rate loans can often provide this option. While the saver will have to adjust to higher interest rates when they rise, a variable rate loan also provides more flexibility than a fixed rate loan.
The most useful benefit for a saver is that variable rate loans allow borrowers to make extra payments without penalty. Those who like to save often like to make extra payments to pay their loans off faster.
The Practical Optimist
Those who are practical but optimistic often feel better with split loans: part variable and part fixed. This allows them to have the consistency of a fixed rate loan but also allows them to save money when interest rates drop. They also have the flexibility of being able to pay off the variable portion of the loan faster without penalty if they want.
Entrepreneur
Those with an entrepreneurial bent often prefer a home equity line of credit. This is like a variable rate loan that comes with a credit card. It allows the homeowner to deposit or withdraw their funds as they need to. Many choose to deposit all of their earnings to save on interest and they withdraw what they need for expenses as they need it.
Investor
Investors often acquire interest only loans for a period of one to five years. This allows them to save on expenses while building equity in the property.
According to Mr Smith: “These profiles are a great start, but the only way to truly know which loan is right for you is to talk to a mortgage broker.”
The mortgage brokers at Smartline Rockingham have been serving the Rockingham area since 1999. They specialise in knowing which lenders prefer which kind of client. They have built a reputation on finding the right home loan for the right client on a regular basis. To learn more about Smartline Rockingham or to enquire about what home loan may be right for you, call 1300 958 730 or visit their website: http://www.mortgagebrokersrockingham.com.au/.
“People come back to us because they know we care. They know we are thorough and will employ every means at our disposal to fit them with a home loan that is perfect for them.”
According to Mr Smith, one size does not fit all when it comes to a home loan. In a recent post on the company’s blog, Mr Smith identified five general types of homebuyers and what kind of loan may be the most effective for each type. The following is a brief summary of the five types.
The Budgeter
According to Mr Smith, budgeters prefer a predictable loan so they can keep it within their budget. They don’t feel that the benefit of lower interest is worth the risk of higher interest when they can arrive at a monthly repayment that will work within their budget. For the budgeter, a fixed interest rate loan allows them to best achieve their objective of a consistent, workable budget.
The Saver
Those who save a sizeable portion of their earnings every week often do better with a more flexible option. Variable rate loans can often provide this option. While the saver will have to adjust to higher interest rates when they rise, a variable rate loan also provides more flexibility than a fixed rate loan.
The most useful benefit for a saver is that variable rate loans allow borrowers to make extra payments without penalty. Those who like to save often like to make extra payments to pay their loans off faster.
The Practical Optimist
Those who are practical but optimistic often feel better with split loans: part variable and part fixed. This allows them to have the consistency of a fixed rate loan but also allows them to save money when interest rates drop. They also have the flexibility of being able to pay off the variable portion of the loan faster without penalty if they want.
Entrepreneur
Those with an entrepreneurial bent often prefer a home equity line of credit. This is like a variable rate loan that comes with a credit card. It allows the homeowner to deposit or withdraw their funds as they need to. Many choose to deposit all of their earnings to save on interest and they withdraw what they need for expenses as they need it.
Investor
Investors often acquire interest only loans for a period of one to five years. This allows them to save on expenses while building equity in the property.
According to Mr Smith: “These profiles are a great start, but the only way to truly know which loan is right for you is to talk to a mortgage broker.”
The mortgage brokers at Smartline Rockingham have been serving the Rockingham area since 1999. They specialise in knowing which lenders prefer which kind of client. They have built a reputation on finding the right home loan for the right client on a regular basis. To learn more about Smartline Rockingham or to enquire about what home loan may be right for you, call 1300 958 730 or visit their website: http://www.mortgagebrokersrockingham.com.au/.