Finance advice

Brokers top choice for rural buyers

By webmaster

Regional investors and home buyers prefer to source their finance from mortgage brokers rather than going directly to a lender, a new survey has showed.

According to the eight Mortgage and Finance Association (MFAA)/Bankwest Home Finance Index, regional borrowers who source their home loans from brokers are generally 30 per cent more satisfied than those who don’t.

The benefit of "getting the best deal" through a mortgage broker jumped 18 per cent from July last year with 67 per cent of respondents citing this as the key benefit of going to a broker.

Experience also ranked strongly, with 30 per cent of respondents stating that brokers are more experienced than lenders - up from 24 per cent in July 2010.

The Index polled more than 1,100 people across Australia.

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Brokers top choice for rural buyers
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