Bank or broker?

It’s a fork in the road that can easily stump buyers: go directly to a bank to secure the finance to buy a property, or engage a mortgage broker?

In this episode of the Smart Property Investment Show, Phil Tarrant sits down with Julie Brennan from Finni Mortgages, herself a former employee of a bank’s lending department, to discuss the differences between using a broker or going direct.

The duo outline how traditional banking has been changing, with digital tools giving mortgage seekers more transparency and the ability to do a lot of their own research. They outline which option allows the greatest flexibility, and discuss why it’s important to ensure a loan is tailored to the borrower’s specific circumstances.

They also share the major mistake that many investors might make with a loan when adding more properties to the mix, and discuss the importance of getting trusted advice from key people during the buying process.

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