IN Mortgage Broking

 Hiring someone to help you secure a loan seems a little silly at first. How hard can it be? Find the best interest rate, walk into the bank and sign across the dotted line.

Unfortunately, many people do make bad decisions when it comes to home loans. And it’s not due to lack of research. As Perth property broker Mr Mark Thomas puts it, it’s smart research that makes a difference.

“The advantage of a broker is that they have access to many loans from a variety of banks, so they have the ability to find the most suitable loan for your personal needs,” he said.

Mr Thomas has been in the mortgage broking profession for only a few years. Despite this, he has secured a loyal client-base that continues to grow steadily.

We asked him about the biggest mistakes people make when looking for a home loan.

“Although important, the interest rate is not the only feature you should be looking for in a home loan, and it'd be a mistake to only look at this when choosing a home loan,” he said.

“You need to be fully aware of the fees involved, and the loan needs to be structured in a way that works best for you, now and into the future.”

Mr Thomas believes that a good mortgage broker is defined by the after-care he or she provides. This support varies according to the client’s needs.

“Many first home buyers find the process rather daunting, so I ensure these clients are given extra support,” he said.

“I ensure that those investing in property are provided with a non-complicated loan that will help progress their property portfolio.”

If you think a mortgage broker will make your life a little easier, Mr Thomas recommends getting in touch with one several months before going forward with a purchase.

And if you’re thinking of leaving your job, wait till you are settled on your new property as a premature departure may delay your ability to finance a property.

But aside from the elements we can control, what about the impact of market conditions? Mr Thomas gave us his insights.

“It is very difficult to pinpoint where the market is heading however we are certainly seeing some very promising signs,” he said.

“I believe that the client's current and projected future is more important than the perceived market conditions, because you cannot control the market, however you can tailor a loan to accommodate the path in which the client is heading."

If you would like to speak with Mr Thomas from Sicuro Finance Group about securing a home loan, call 0413 333 118.