Why Use A Broker?

The key reasons why you should use a Mortgage and Finance broker:

 

Brokers can give you choice

Good brokers are not tied to any particular lender. They are accredited with a large panel of banks, building societies, mortgage managers and other lenders. They have no interest in recommending one product or one lender over another.

Whatever your circumstances, a good broker will find the deal that’s right for you, not the lender. 

Brokers make it easier

Right from the start, a good broker aims to make the home loan process as simple as possible. They arrange to see you at a time and place that’s convenient for you – whether that’s after hours at home or in your lunch hour at a coffee shop or the broker’s office.

Good brokers compare your current loan, re-assess your borrowing needs or help you start from scratch if buying your first home. They know which questions to ask so they can give you the best possible advice and select the right loan for you. From there, a good broker takes care of all the paperwork and keeps you updated during the application and settlement process, so you know exactly what’s going on and when.

 

Brokers know their clients

Good brokers are always there for you, not like lending officers in banks who are changing constantly. You do not have to face a new officer every time. Good brokers also do not place time limits on their clients. They adjust their schedules in accordance to your individual requirements.  Brokers know their clients and stay with them often over decades.

 

Good brokers pride themselves in being fast

Good brokers are geared up to deliver fast results. In many cases our brokers can obtain ‘in principle’ approvals within minutes, but they also take their time to assess your needs, to analyse and research the market and find the best solution in your circumstances.

They will contact lenders on your behalf and take care of what’s needed to secure your finance as quickly as possible.

 

Brokers can be a one-stop shop

Lenders will ask for home building insurance to be taken out on the property being purchased. Brokers can organise cover for you to speed up the approval process and may even save you money. If you organise your home insurance through a broker, you may be eligible for a 10% discount for the first year and 90 days’ free cover, so you won’t have to pay while the property settles.

 

Good brokers can go into bat for you

A good broker understands every borrower has unique circumstances – and that some are more complex than others. Good brokers know from their vast experience which lenders will work with customers who have more complicated requirements, and will happily negotiate on your behalf.

Banks and lenders in general are also able to discuss scenarios differently with a broker than they can discuss them with clients directly. Therefore negotiations are usually more straightforward.

 

Technology is important

Good brokers are equipped with the latest technology solutions allowing you to have the latest product information when you need it most. They aim have the tools that make both your experience as simple as possible and in turn, by using the latest technology to make the process smoother, they can focus on giving great service. As a customer of a good broker you’ll continue to receive the benefits of the broker’s service long after your home loan settles.

Posted in Mortgage Broking.

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