Why see a Finance/ Mortgage Broker over a bank

Finance Brokers do far more for their clients than what lenders do.

1.    Finance Brokers have a plethora of lenders that offer a wide variety of interest rates. We can price interest rates and get other lenders to match. I am not one to be rate driven, but having a reasonable rate is important, as money in your pocket is a better outcome than your funds adding to the lenders bottom line.

2.    By knowing your financial circumstances, Finance Brokers can structure your loan so that you pay it off faster. Believe you me, when I know what resources you have; I am able to use this to the best of your advantage. Lenders make more money when you pay it off slowly as you are paying more in interest.

3.    Finance Brokers offer a lot more service than lenders. We assist with research of a property and have the online tools available so that you buy it at the right price. We do the whole process including talking to the assessor on your behalf. We are more able to work with the lender to get you through. I’ve seen people declined on the simplest of things. I’ve submitted a loan with the same lender after they have been declined and have had it approved.

4.    Finance Brokers think outside the box. We are often commercially minded so we can think of options you can take or things you can do. Remember it is our goal for you to pay off your home loan as fast as possible and to be able to invest to get to the life you want.

5.    We set goals and to do lists to make sure you are conscious of your finances. Lenders do not do this; you are expected to know what to do yourself.

6.    You have a lifetime resource. If you are our client, we are your first point of call when something goes awry. We maybe able to come up with strategies that can assist you or we talk to the bank on your behalf. In times of financial difficulty we can become your greatest ally.

7.    If you get rejected from credit once or the lender is not giving you the terms you want, please apply for credit through a Finance Broker. It may have been that you don’t suit the lenders policy so a Finance Broker has the experience in choosing the right lenders for you. If you keep jumping from lender to lender, you will end up looking like what the industry deems as a “Credit Junkie” and the more times you apply and get rejected, not only does your credit score become poorer, but assessors don’t like accepting applicants that have been rejected by another lender.

8.    Most importantly, we have our own proprietary system for you to build your wealth.