A skilled mortgage adviser makes getting a mortgage easy. They tailor your application to fit bank policies, not only securing approval but also the best terms. This personalised service and financial expertise is something you won't find by going directly to a bank.
A good mortgage adviser should:
- Massage your mortgage application to present you in a better position than if you went to the bank directly
- Tell you if you need to reduce your credit card limit so the bank will approve your lending application
- Move your mortgages between the banks to free up equity so you can borrow more
- Change your loan terms so your income looks better to the bank, or if needed
- Consolidate your short-term consumer debts into your home mortgage so you get the bank’s tick of approval.
Each bank has a 20+ page lending policy document dictating how they assess your mortgage application.
A good mortgage adviser won’t just know the policies, they’ll help you adapt your application so it fits the bank’s policies.
This is why choosing a mortgage adviser offers a significant advantage over going directly to a bank.