Getting the best home loan for you with YBR

WHEN it comes the time to buy your home or investment property, engaging a mortgage broker should be the first step.

Up to 50 per cent of home loans are now negotiated by a broker and it’s no secret why – they work for the purchaser and the purchaser doesn’t pay them for the privilege, as the broker is remunerated by the financial institutions.

Yellow Brick Road (YBR) Geelong and Torquay branch principal Isaac Baker says that people get worried about refinancing or renegotiating their home loan.

“Renegotiating your loan doesn’t necessarily mean changing banks.

“With the knowledge we have of all current market interest rates, we can ensure your bank is kept honest and accountable at all times.

“Once a new loan is in place, most banks increase your interest rates in small increments and before you know it, you could be paying up to one per cent more than the market.

“On a $500,000 mortgage, you could be paying $5,000 more interest than you should be each year.

“This money would be much better spent on your home loan or better yet, a holiday!

“By engaging a trusted mortgage broker to regularly review your home loan, there is someone making sure you’re not paying more than you should be.

“This could also allow you to purchase that dream home you thought was a little out of your reach.”

Yellow Brick Road has recently moved their Torquay office to Level 1 at The Dunes Shopping Centre in Torquay North and are welcoming appointments.

They specialise in home loans and will work to get you the lowest interest rate available.

Your local YBR wealth manager for Geelong and Torquay is Isaac Baker: phone him on 5222 2130 to hear about the best way to structure your loan or email [email protected].