Does applying for a home loan online outweigh the traditional ‘face to face’ meeting with a mortgage broker?
In 2021, online or digital lending is becoming more popular. An online home loan (also known as a digital home loan), is a type of loan that is offered completely online, including the application process. They are usually offered by digital lenders and theoretically allow you to go through the application process without any physical documents and without meeting face to face with a broker.
Every online lender allows you to apply online but, ultimately, a human being will get involved at some point owing to real world complexities.
This means there’s no escaping the possibility of bank or lender delays or errors.
By using a mortgage broker to apply for you, you get the best of both worlds: a simplified online process with great technology backed by expert advice from specialists in home loan lending policies.
Bernie Lewis Home Loans has a strong relationship with over 40 lenders. We understand how important choice is to our customers! These relationships also enable us to be able to negotiate great interest rates and potential reduced mortgage fees on your behalf. We also have the technology and systems in place to simplify the home loan application process. Our mortgage brokers have the expertise to build strong cases to gain exceptions to standard lending policies if your situation is ‘outside the square’. Whether you’re self-employed, have a bad credit file, are a non-resident, or you want to a buy a property for your Self Managed Super Fund or Trust. Our service to you is free.
Online home loans do not provide branch services or personal face to face meetings. In choosing this path to apply, you will also need to be comfortable in using the internet for your banking and carrying out the application process alone.
A mortgage broker can always help you with expert advice throughout the application process and they do all of the legwork in finding and applying for the right home loan for you. Let the experts work for you!
Call Bernie Lewis Home Loans to speak to one of our mortgage brokers today on 8300 8300 or email info@bernielewis.com.au
