Are you thinking about buying property? If the answer is yes, congratulations!
To help, here are our Top Mortgage Broker Myths debunked By Lime Group
1) Only Use Mortgage Brokers If You Have Bad Credit
Some people believe that mortgage brokers are only for those people who have credit issues. You can certainly access the skills of a mortgage broker if you have bad credit, but it isn’t a requirement!
Most people who use the service of Lime Group are the same ones who could go to the big banks. They simply recognize that a broker can save them time and money and are the logical choice for the job.
2) Mortgage rates are the same everywhere
Another common misconception is that it doesn’t matter where you go because you’ll be paying the same mortgage rate. This is almost always incorrect.
Similarly, choosing your current bank as your lender doesn’t always mean you get preferential treatment when it comes to loan rates. You should always shop around instead of assuming that you’re getting the best deal.. Better yet, let us do all the hard work for you!
3) Mortgage Brokers Are Expensive.
This is one myth that absolutely needs to be busted! We don’t charge for our time, in fact we can save you money, and in several ways.
Let us take the hassle out of obtaining a home loan. We’ll shop around for the best deal possible, at no cost!
4) Mortgage Brokers Deal with One Lender
It’s true that some brokers do work for a bank or single lender, but at Lime Group we don’t. We pride ourselves in providing all the options and we can compare the rates from dozens of lenders to get our clients the best deal available!
We do the work and you get the best options! Oh, and did we mention its a free service?
If you have any questions of your own or would like a consultation with one of our experienced Mortgage Brokers please contact the team or request a callback here.