Mortgage Brokers are the Go-to Option for Home Loan Borrowers

Between January and March 2024, 74.1% of all new home loans were arranged by mortgage brokers, marking the highest mortgage broker market share on record. In fact, during the March 2024 quarter, the value of loans arranged by mortgage brokers was $81.47 billion — a 3.7% year-on-year increase and the second-highest value observed in the said quarter, marking a 22% difference since 2020. 

These data were revealed by the Mortgage & Finance Association of Australia, emphasising that brokers are Australians’ go-to option for home buying. In this article, we share with you why mortgage brokers are the go-to option when home buying. 

They offer guidance tailored to your needs and goals 

The data mentioned above prove the indispensable role that mortgage brokers play in the home loan market as they offer tailored guidance and support throughout every phase of the home loan process. 

They’ve established an unbreakable trust 

The increase in mortgage broker market share over the past few years is also because of the unbreakable trust they were able to establish with home buyers. Home buyers choose to go through a mortgage broker not only because brokers are bound by the Best Interest Duty, but also because they provide so much more than a home loan. 

They help improve your financial literacy 

Mortgage brokers do not just offer guidance and home loans, they also make sure to connect with home buyers on a deeper level, helping them learn and improve their financial literacy. They show home buyers how to go through with their budgets for them to reach their goals. 

Given the increasingly complex lending landscape, getting a mortgage broker is a smart choice for home loan borrowers. At Bai Finance, our mortgage brokers are more than qualified to guide and support you in jumpstarting your home ownership journey. Our commitment to these attributes paired with our expertise in various areas of finance is unmatched. We’ve proven this time and again through our client testimonials. 

Ready to hop on your home ownership journey? Book a free consultation with us and let’s go through it together!