Should you apply for a mortgage through a Finance Broker or a bank?

When you're looking for a home loan, you could either go to a finance broker or a bank. While usually, a bank will only offer you the products they have. A finance broker will do the hard work and finding the mortgage product that suits your needs among all the lender's products.

It is understandable that finance brokers are the number one choice for the consumer who is seeking a home loan or refinance their existing home loan.

What can a credit adviser do for you?

The leg-work

Finance brokers know the industry, the lenders & their product; it could save you a lot of time and energy researching on your own. They will also put the time and effort into finding out about your particular personal situation and have a wealth of experience to draw on to help you simplify it.

Translate industry jargon

Finance brokers work inside the industry; they can understand loan documents and any lending documents. They can convert those jargons into the more understandable human language to you.

Get you what you want

Finance brokers will assist you in ascertaining your borrowing potential. By understanding your needs and objectives, they can provide you with loan product options which suit your financial goals.

Give you a broader choice

A Finance Broker has access to multiple product options through a variety of panel lenders. While a bank can only offer you its products and finance brokers can help you compare and choose from a selection of loans provided by different lenders.

Help you compare apples, oranges and the whole fruit basket

Finance brokers have the knowledge in finance, and when used together with the tools, they have. They can often compare hundreds of products and find a loan suitable for your circumstances and your needs.

Find you a good deal

Sometimes a lender will come out with a special deal or two. A finance broker will know which deal on the market at the moment will be appropriate for you. Those deal could make a big difference & savings to your repayments or success rate.

Act as your support

A good finance broker no just only do the business with you; they also want to be your best supporter, your team player and coach throughout the process from start to finish.

They're not just looking for short term business; they are looking for long term success and a lasting relationship.

A good finance broker won't just do business with you and leave you when done. They will manage the loan right through to the need on your behalf. They also will keep track of you, and your situation needs and helps you should you need to switch products or wish to purchase another property.

Speak to Kevin on 0415820016 about how he can save you time and energy and find you the best home loan product.

Disclaimer: We recommend that you seek independent financial and taxation advice before acting on any information in this newsletter. It contains general information only and has been prepared without considering your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances. Your full financial situation will need to be reviewed prior to acceptance of any offer or product. Interest rates are subject to change without notice. Lenders terms, conditions, fees & charges apply.