No LMI & Discounted Interest Rates
Fast, Easy Application Process
Medical Mortgage Broker
Why Do I Need a Medical Mortgage Broker?
Our brokers consider both your present and future needs to ensure that you secure the most suitable loan that caters to all your requirements.
A mortgage broker serves as your representative, arranging a home loan or other loan through a bank or lender. Australian banks and lenders have varying policies and loan criteria, and it is the broker's responsibility to locate a loan from one of these entities that aligns with your specific circumstances.
Xaviera Moore, Medical Mortgage Broker & Director
Let's Look At Your Options
Option 1: Get a Loan with Medimortgage
Medimortgage takes the time to thoroughly assess your complete financial situation and offers a comprehensive lending solution. Our brokers prioritise both your current and future needs, ensuring that you secure the best possible loan that caters to all your requirements. With a mortgage broker acting on your behalf, we arrange a home loan through a bank or lender. Keep in mind that Australian banks and lenders have distinct policies and loan requirements. Our brokers are dedicated to finding a loan from one of these parties that suits your individual situation.
Option 2: Get a Loan through Your Bank
Obtaining a loan directly from your bank means that you would approach them directly for your lending needs. While this can be convenient if you already have an established relationship with your bank, it's important to note that each bank has its own policies and loan requirements. You would need to navigate through these criteria on your own to find a loan that meets your specific circumstances.
When you apply for a loan directly with a lender, it's important to consider the following factors:
"Quantity over Quality": Many banks prioritise meeting their quotas over considering your long-term financial well-being. Their focus may be on closing deals quickly rather than providing personalised lending solutions tailored to your needs.
Limited Loan Product Selection: Lenders can only offer you a restricted range of loan products. By applying directly, you might miss out on accessing the best possible loan options available in the market. There is no guarantee that the loan you receive is the most advantageous one for your circumstances.
Lack of Staff Knowledge: Mortgage applications can be complex, and even bank staff members may not have a comprehensive understanding of their institution's policies. This lack of knowledge can result in delays during the loan application process or, in some cases, unjustified loan rejections.
In contrast, using a medical mortgage broker offers several advantages:
Personalised Approach: Medical mortgage brokers, like Medimortgage, take the time to understand your unique financial situation and goals. They provide tailored lending solutions that align with your current and future needs, prioritising your overall financial well-being.
Access to a Wide Range of Loan Options: Brokers have access to a diverse pool of lenders, including banks and financial institutions. They can present you with a comprehensive selection of loan products, increasing the likelihood of finding the best deal that suits your specific requirements.
Expertise and Efficiency: Mortgage brokers specialize in navigating the intricacies of the loan application process. Their expertise helps streamline the process, minimising delays and increasing the chances of a successful loan approval.
In general, while applying directly to a lender may seem convenient, it can come with drawbacks such as a focus on quantity over quality, limited loan product options, and potential staff knowledge gaps. Opting for a medical mortgage broker, like Medimortgage, provides a personalised approach, access to a wider range of loan options, and the expertise to ensure a smoother and more successful loan application process.