An article in the news today – Comparison sites are no substitute for brokers (https://www.brokernews.com.au/news/breaking-news/comparison-site-crackdown-no-substitute-for-brokers-185460.aspx)
Sure, I run a comparison site – homeloancomparison.com.au – but its backed by real people, real brokers with professional skills in comparing loans because – rate isn’t everything!!
Sure, we want the cheapest loan we can get – that’s the whole point of my job!
But, whats cheapest?
What about a loan with a $395 annual fee – pretty common, usually well and truly offset by a substantial discount.
But if you have a small loan – guess what, $395 a year could be more than the discount you’re getting, so now what’s cheapest?
Have you got time to work that out now?
And whats the point of a red hot interest rate if you don’t qualify for that loan for whatever reason, and believe me 90% of my job is working out who you qualify for and who you don’t. Now you’re just annoyed that you can’t have that loan.
Always, always, just go to a professional and save yourself the stress!