If you're thinking of applying for a home loan, there are a couple of ways you can go about it. You might directly approach a bank—either your own or one you've not dealt with before—or you can go through a mortgage broker. Both options will help you get closer to your lending goals, and both have benefits to be aware of.
What are the benefits of going through a bank lender?
Speaking to a lending specialist at Suncorp Bank means that you'll be dealing with someone who knows the products they offer back to front and inside out. So they'll not only know which products are available and what the benefits are, they'll also know the less obvious stuff, like fees and lending criteria.
Since a Suncorp Bank home loan specialist has an intimate knowledge of Suncorp Bank home loan products, they'll be able to answer your questions quickly and thoroughly.
They're available 7 days a week, by phone or at a time and place that suits you, and all consultations are free, with no obligation.
Getting your home loan through the same bank with which you have other products might also be beneficial. For example, if you have a Suncorp Bank Everyday Options transaction account and you combine it with a Suncorp Bank Standard Variable Rate or Fixed Rate home loan of over $150,000, you can take advantage of our Home Package Plus offer. This means that you'll receive a discounted interest rate, $0 loan establishment fee and $0 monthly account-keeping fees. You could also enjoy optional benefits, such as no annual fee credit cards.
What are the benefits of using a mortgage broker?
A mortgage broker, since they're not aligned with any one lender, can potentially offer you a broader range of products from a variety of financial institutions. This offers you more choice and may enable you to discover a product or lender that you hadn't otherwise considered.
Which is better for me?
Ultimately, there's no one correct choice. Applying for a home loan can be a stressful time, and you should go with the method with which you're the most comfortable.
It can be a good idea to ask friends about their experiences and recommendations. And don't be afraid to speak to multiple lenders or brokers.
If you'd like to meet with a home loan specialist at a time and place that's convenient for you, you can book an appointment today.
Published 30 May 2022
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Home Loan, Personal and Business Banking products are issued by Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882) to approved applicants only. Eligibility criteria, conditions, fees and charges apply and are available on request. Please read the relevant Product Information Document and terms and conditions before making any decisions about whether to acquire a product.
