Why 9 out of 10 first-home buyers use a mortgage broker
Feeling Overwhelmed About Buying Your First Home? You’re Not Alone
Remember the first time you walked into a gym? You probably didn’t head straight for the heavyweights and start pumping out squats. Buying your first home can feel just as intimidating—and you’re not alone in feeling that way.
In fact, 91% of first-home buyers turn to a mortgage broker for expert guidance, according to a recent report by lenders’ mortgage insurance provider, Helia.
Why Buying Your First Home Can Be Daunting
Buying a home is one of the biggest financial decisions you’ll ever make, and it’s no wonder that many first-home buyers experience a mix of excitement and nerves. According to the Helia report, more than one in two first-home buyers say they need support throughout the home-buying process.
For nine out of ten first-home buyers, that essential support comes from working with a mortgage broker.
How a Mortgage Broker Makes the Home-Buying Process Easier
Finding a house you love is just one part of the journey. The other (and often trickier) part is securing a home loan that fits your needs with a competitive interest rate. But navigating the home loan landscape can be overwhelming without expert help.
The Helia survey found that 45% of first-home buyers struggle to figure out which loans are right for them, and more than half (52%) expect challenges in getting the loan they need.
That’s where a mortgage broker steps in.
At Clark Finance Group, we take the time to understand your personal financial situation and goals. This helps us narrow down the best loan options for your needs and guide you through the process from start to finish. We also know what lenders look for, so we can help you determine if you’re loan-ready or provide tips on how to get there.
We’re here to offer ongoing support and encouragement—not just for this loan but for your financial journey moving forward.
We’re More Than Just Loan Experts
The benefits of working with a mortgage broker go beyond just securing a home loan. According to the Helia study, first-home buyers say mortgage brokers help them:
– Understand their borrowing power and overall financial situation
– Offer expert guidance and support throughout the complex home-buying journey
– Save valuable time and effort
At Clark Finance Group, we also bring our wealth of experience to the table, suggesting creative strategies you may not have considered. This includes options like rentvesting, having a family member act as a guarantor, or taking advantage of government schemes like the First Home Guarantee.
With strategies like rentvesting, you could buy in an area with great growth potential while continuing to live in a suburb you love. There’s no one-size-fits-all approach to home ownership, and we’ll help you find the pathway that’s right for you.
Ready to Take the First Step?
Don’t let the home-buying process overwhelm you. At Clark Finance Group, we’re here to make it easy, clear, and stress-free. Contact us today to see how we can help you on your journey to buying your first home or book an obligation free appointment CLICK HERE
Disclaimer: The content of this article is general in nature and is presented for informative purposes. It does not constitute tax or financial advice. Consider your personal circumstances and seek professional advice before taking any action. This content is protected by copyright laws and other intellectual property laws and may not be modified, reproduced, or republished without prior written consent.
