What is a Finance Broker and how can one help me?
A finance broker spends a great deal of his time keeping current with the various lenders involved in the home loan market. It is a finance broker’s job to know which lenders are the most competitive and to stay abreast of changes in;
- Interest rates
- Costs
.. and ... - Credit Policies.
A great finance broker can help you to look at all the home loan lenders in the market – including the major banks – and will help you find which lender has the cheapest or the most suited loan for your requirements. Whether your property goal is to;
- Purchase an investment property for tax benefits.
- Build a property portfolio over time.
.. or to ... - Simply pay your home off as soon as possible,
A great finance broker will assist you with a mortgage solution that is tailored to suit your needs and to help you achieve your property goals.
A great Finance Broker will;
- Take the time to meet you at a time and place of your choosing.
- Spend an initial 45 minutes exploring in detail your current financial position and what it is you are trying to achieve by borrowing – answering any questions you might have.
- Formalise the meeting by writing to you, summarising the discussion and committing to paper;
- Any credit considerations or issues you may experience with an application.
- Figures regarding the costs of your proposed transaction.
- Repayment and any other relevant figures.
- The results of any research carried out on your behalf. This way you have a record of your meeting, and a reference document by which you can then be guided during your transaction – or in preparing to make your transaction.
