Find out just how little time you need to spend to get a better deal on your mortgage.
Speaking to a broker to find out if you can get a better deal on your home loan shouldn’t be an overly difficult or long process.
In fact according to 5 times ‘Australian Best Mortgage Broker’ winner Aussie Mortgage Brokers, it shouldn’t take longer than five minutes.
That’s why you may have seen Aussie’s John Symond giving us a clear challenge - speak to Aussie Mortgage Brokers and they’ll tell you in five minutes if they can get you a better deal or not.
At finder.com.au we like to go the extra mile for our readers. That’s why we spoke to Stuart Tucker, Aussie’s Former General Manager of Marketing and Products to find out why you should consider using a mortgage broker to find you a home loan and what five questions you should ask a broker.
He also goes into the five question challenge and tells us just how popular it’s been.
Overcome your broker fears
Mortgage brokers can be an invaluable tool when searching for a home loan. If you’re busy you may not have the time to sift through the huge number of loans in the market. Going direct to a lender might not help either. As Mr Tucker says in the video below, going to one lender and browsing through their loans is a bit like going to a store that only stocks their own home brand products.
A broker deals with home loans every day, so it stands to reason they’re familiar with the different products out there and can suggest specific features which will help you.
They generally don’t charge you for their services, but rather the lender you eventually decide to take out your loan with.
Sit back, watch the video and learn a bit more about how a mortgage broker can help you.
Aussie Mortgage Brokers: 5 Questions in 5 Minutes
Stuart Tucker. Former General Manager Marketing and Products
finder.com.au: Why should someone use Aussie Mortgage Brokers?
ST: Choosing a home loan is a complex task. There are a lot of choices, lot of offers; there's lot of products in the marketplace. An Aussie broker compares those loans for you, does all the hard work and can save you money; but it can also save you time. The other option is to talk to all the banks, all the lenders and make your own decision. Otherwise, an Aussie broker can do that for you and save you time and money.
finder.com.au: What magic can an Aussie Mortgage Broker work in 5 minutes?
ST: In five minutes, with 5 simple questions, the broker can tell whether they can save that customer money and years off their loan.
finder.com.au: As a customer, what 5 questions would you ask a mortgage broker?
ST: What questions would I ask if I was a customer? The 5 questions, at least that I'd be asking, are things like this: Should I be on fixed or variable? Can I get a better deal than my current rate? What lender should I be with? Am I looking for flexibility down the track? Is an offset account important to me? Things like this, that really help the customer get the right loan for their individual circumstances.
finder.com.au: How is going to Aussie different to going direct to a bank?
ST: It's a bit like going to a supermarket, only it has their own home brand on the shelves; there's no competition. An Aussie Mortgage Broker compares a range of loans from a series of different banks to find the right one for the customer. They don't really mind which bank they go with, but they like to find the best loan for the customer's individual needs.
finder.com.au: What do you hope to achieve with this campaign?
ST: I think there's an angle. The reason we did this campaign in the first place is that people think it's an onerous task and difficult to see a broker. We want them to know that we can make it really easy. It doesn't take hours and hours to determine whether a broker can find a better deal for them; it's pretty simple. In 5 minutes, they'll have a good idea about it. It's about overcoming that fear about meeting with a broker.
Are people are taking up Aussie's 5-Question Challenge? They certainly are. We've had the offer out there for 18 days so far and the results so far have been overwhelming. We're about 22% up on the month to date against our budget, on customer inquiry. Our brokers are run off their feet helping out customers to find a better deal. We've been very happy so far with the response.