Why should I use a finance broker?

Why should I use a finance broker?

Because finance brokers can save you time and money.

As the home loan market becomes increasingly complex, more people are turning to finance broker s. Here are some of the reasons.

Finance brokers can save you time!

The choices now available in the mortgage market can seem limitless and completely overwhelming. You can choose to research the subject, the lenders and their products yourself, or work with someone who already has that knowledge.

Finance brokers can give you choice

All brokers have a panel of Lenders from which they recommend for your loan. They have to become accredited with the lender to offer their product, and are required to keep up-to-date with their latest offers.

Finance brokers can help you find the right loan for you!

The best deal is not necessarily at the cheapest rate. A good finance broker will examine your circumstances and future plans and will recommend a loan that is right for you. Having an appropriate loan which works for you can help you actually build wealth.

Most finance brokers don't charge you

Most finance broker don't charge a fee for their service because the lenders pay them a commission for the loans they write. Most lenders offer the same rate via the finance broker as they would directly, and a finance broker could save you money in other ways.

Finance brokers can help you avoid the pitfalls

Many products seem to offer a great deal but they could have penalties, fees and charges that you may not be aware of. Or, they may not offer the flexibility you require in the future. A finance broker can help you avoid taking out a loan you might later regret.

The only finance broker to deal with: MFAA members

A good finance broker can save you time and money, and give you peace of mind. But, remember, only work with finance broker who are members of MFAA - they are the Essentials of Borrowing.

Robert Simpson is an an MFAA Approved finance broker, and not your average mortgage broker.