BANK V BROKER DEBATE
Instead of just heading to your local bank when you next need a home loan, take a step back and think about what you want and need. There are numerous reasons why it pays to use a broker when shopping for your home loan, and even if you want to use your own bank for your mortgage, I can still process the paperwork, manage the application on your behalf and remove the stress.
There will be times when I can use your lender of choice and obtain lower rates! However, if you want an expert to learn and align their self with your needs and needs, then, I could be your best friend. The following five reasons why every borrower should seek out a qualified mortgage broker when trying to obtain property finance are:
1. I can offer you a range of options and lenders that will meet your criteria – when you go into the bank; they can only offer you their products
2. Service
My business is my own and I am committed to providing what you need when you need it; I am available 7 days a week. I want to build a business upon referrals, it is essential I provide a first class product and to look after you for the life of that loan as if it was my own and ensure when it is time to review, we do so. Banks are large organisations; we have all seen the huge profits that they make, they move their staff around so you might not deal with the same person the next time you need them. Additionally, they sometimes reward the new customers at the expense of existing.
3. Partners
I work with key people from different organisations; I can recommend specialists in their particular field who will be happy to help you where I cannot. They have been vetted to ensure their service matches mine. I want to know if this ever falls below the desired standard.
4. Communication
Following up the progress of your loan application is time consuming and frustrating. I have processes in place to ensure that you are informed and up to date. I will also do what I say I am going to do.
5. I am your “Personal Banker”
I know what needs to be done, will make sure it happens and maintain regular contact to ensure the product is working for you. If it isn’t, we will sit down, review it and make any necessary changes. Additionally, regular periodic reviews will be taken to ensure that you are still be maintained by the right product in the market; I want your money to remain in your pocket and not in the banks
It’s not sufficient to just get you the lowest rate in the marketplace as this may not have the right features, or, could have extra fees. It is important to ensure, whether fixed, variable or a combination of, that we get the right ‘fit’ for you. This is one of the biggest decisions in your life; make the right one!
