[ Mortgage Broker vs. Bank Manager : which is best? ]

Many people head straight to their bank when it comes time to apply for a home loan, but finance experts warn, you may be missing out on significant benefits if you do.

There are countless reasons why it pays to use a broker when shopping for your home loan, and even if you want to use your own bank for your mortgage, you can still use a mortgage broker to process paperwork and manage the application on your behalf.

 1. Choice
“The biggest advantage of a broker over a bank is choice,” she says. “When you sit in front of a broker you are sitting in front of 10+ banks

2. Experience
Ask your lending manager how long they’ve been helping people with home loans, Simmons suggests. “Brokers often own their own businesses and are committed to their clients in the long term, with many years of industry experience,”

3. Specialisation
If you’re looking for specialised assistance with your loan, it pays to talk to a specialised broker. For example if you’re starting property investing, look for a broker who specialises in property investors.

4. Follow Up
Following up the progress of your loan application is time consuming and frustrating. A good mortgage broker will have a system for chasing you up, keeping you informed and saving you time.

5. Personal Banker
Your mortgage broker is “like the perfect personal banker,” Simmons says

More read : http://m.yourmortgage.com.au/article/mortgage-broker-vs--bank-manager-which-is-best-116816.aspx