6 reasons why you need a finance broker

March 25, 2019 October 22nd, 2021

As the lending market becomes increasingly complex, more and more people are turning to a finance broker. A good finance broker (like us!) are the necessary conduit between borrower and lender. We do the haggling, the legwork, and break down the jargon to find something that is suited to YOU, and what YOU want.

“Well, what else?” we hear you say. We never thought you would ask!

1. A finance broker can save 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 a finance broker who already has that knowledge.

2. A finance broker gives you choice

All finance brokers have a panel of lenders from which they recommend a 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. Ultimately, you choose where you want your loan to go.

3. A finance broker can help find the right loan

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

4. A finance broker can help you avoid pitfalls

Many products seem to offer a great deal but they could have penalties, fees and charges 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.

5. A finance broker can review your current borrowings

Not borrowing anytime soon? Had the same loan with the same bank for a little while? A good finance broker can conduct a review of all your existing borrowings to make sure that the loans, rates and repayments you are on are suited to your current situation. You may be surprised.

6. Not all finance brokers are the same

A good finance broker can save you time and money and give you peace of mind. But, remember, not all are the same. We are an MFAA Accredited Finance Broker, a leading industry body with strict membership requirements and ongoing professional development requirements.

So… with our services available across the Commercial, Agricultural, Residential and Equipment finance landscape, what have you got to lose by giving us a ring?

Call 6362 0988 or ring Al direct on 0482 010 783.