Why would I use a finance broker?
As the home loan market becomes increasingly complex, more people are turning to a finance broker. Here are some of the reasons.
Finance brokers can save you time and money
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.
Finance brokers give 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.
Finance brokers 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.
Finance brokers 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.
The only finance brokers to deal with are 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.
An MFAA Approved finance broker is not your average mortgage broker.