- The role of mortgage brokers in educating and supporting homebuyers is crucial in today’s economic environment of rising living costs and financial uncertainty. With the necessary tools and resources, mortgage brokers are increasingly viewed as trusted and reliable advisors and supporters for homebuyers who are often overwhelmed by the market.
According to a recent survey by Helia, a mortgage comparison website, although most potential homebuyers find it increasingly difficult to save for a down payment in the current economic climate, 47% are actively researching or seeking to purchase in the next quarter. The survey also found that 62% of potential and recent homebuyers consider mortgage brokers to be their most trusted source of information, alongside friends, family, and partners.
Helia’s award-winning deposit comparison estimator tool provides insights into deposits below 20% for aspiring homebuyers. The estimator helps mortgage brokers introduce potential benefits of different options to clients based on their individual circumstances.
As housing affordability constraints and deposit gaps intensify, educating homebuyers is more important than ever for mortgage brokers to support aspiring homebuyers in making more informed decisions. Brokers can play an important role in continuing to educate homebuyers on mortgage insurance (LMI) and other homeownership solutions, with a focus on financial security and well-being.If you’re looking to refinance your home or need assistance from A Mortgage Broker, Speed Lending in North Sydney, now may be a good time to explore your options in this quieter market.
