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. If you like this episode, show your support by rating us or leaving a review on Apple Podcasts and by following Smart Property Investment on social media: Facebook, Twitter and LinkedIn. If you would like to get in touch with our team, email editor@smartpropertyinvestment.com.au for more insights, or hear your voice on the show by recording a question below.