Home loans

Bank vs mortgage broker: an expert’s guide

3 min read

Home loans

Bank vs mortgage broker: an expert’s guide

3 min read

It doesn’t matter whether you’re a first home buyer or a hundredth home buyer – when you’re applying for a home loan, you want the process to be as smooth as possible.

The home loan application process can be completed in a few ways, including with a Suncorp Bank Mobile Lending Manager or a mortgage broker. Here are some suggestions to help you choose the right method for you.

Why choose a bank over a mortgage broker?

When you apply for a home loan directly from a bank, your lending specialist will guide you through various home loan options to best match your individual situation.

Suncorp Bank Mobile Lenders are always kept up to date with the ongoing changes and developments to responsible lending principals and guidelines. This means they’re equipped to assess your situation and support you to submit your application.

Choosing a lender over a mortgage broker may have other benefits too. Take Suncorp Bank, for example. Should you take out an eligible home loan with us, you can also manage your other banking and insurance needs in a single package. We call this our Home Package Plus.

The personal touch

Suncorp Bank Mobile Lenders focus on what matters to each customer, ensuring that the right products match their needs and guiding them through every step of the home loan journey.

Suncorp Bank Mobile Lenders’ support is available seven days a week, at a time and place that suits you. Get in touch today!

Talk to a home loan expert

Why choose a mortgage broker over a bank?

A mortgage broker will work on your behalf to consider the best home loan deals from different lenders. By engaging with a mortgage broker, you may have access to products, rates and offers you might not otherwise have considered or had access to.

How to give yourself the best chance of approval

Both lenders and mortgage brokers should be able to identify whether you’re eligible for a home loan, before you start your application.

The tip is to tell your lender all information they need, so aim to answer every question with as much details as possible - even if you’re unsure about it. The more information your lender has about you, the better. You can leave it to them to decide what is and isn’t relevant.

More about Suncorp Bank Home Loans

Published 18 May 2022

Related links and products

Home Loans

Investing in property

Handy tools

Home loan repayment

Home loan borrowing capacity

*Not her real name.

Home Loans are provided by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No. 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. Please read the relevant Product Information Document, Lending Fees and Charges and Home Package Plus Terms and Conditions before making a decision regarding any Suncorp Bank products. Fees, charges, terms and conditions apply and are available on request or on our Product Information Documents and Forms page.

The information is intended to be of a general nature only and any advice has been prepared without taking into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it. We do not accept any legal responsibility for any loss incurred as a result of reliance upon it – please make your own enquiries.