Brokers are common place in today’s society for a variety of different things ….. one of the major area’s is finance.

Why would you use a broker … well why not ???  Brokers are normally accredited with all the major banks as well as many other institutions that are just as reputable if not better but you may not know all about them. The job of a broker is to find you the best loan., and who pays for this you ask … the banks !! yes that’s right you have access to professional advice from people who live and breathe mortgages and finance and you don’t pay for the service .. the bank does !!!! Wonderful hey …..

Just as it all sounds too good to be true, please buyer beware …. You MUST ensure you have a broker who is registered with the MFAA of FBAA.  You should be sure they have the experience and the knowledge of the lending industry and preferably a Cert IV in finance broking.  This is not compulsory  in QLD meaning that perhaps not all brokers are experienced enough to be looking after your financial affairs.  Please also be mindful that the various institutions do pay brokers different amounts so don’t be swayed to a certain bank just because they want you to go there … it must be that they have your best interests at heart. Your broker should be able to explain to you why they are obtaining your loan where they do and ensure the loans features and benefits suit YOU and your family.

There is a mountain of information out there on the various loans and institutions that provide finance … there are numerous different loans and packages and brokers must keep their knowledge of what is on offer constantly up to date.  All the products and packages offered through banks can be applied to your loan if you apply through a broker and you will be become a customer and receive all the benefits of that organisation just as if you had walked in there yourself.

A good broker knows where you are most likely to be approved for your loan.  Everyone has different circumstances and not all of us fit a generic box that meet general lending criteria…There are always reasons as to why we don’t and it doesn’t always make us a bad risk for a loan, everyone has a story and we need to explore that to ensure you get the right deal. Brokers have access to all the lenders policies and will know where to get your loan approved.  After all who has time to sit at appointments at over 30 different lending institutions and find out who will approve them and give them the best deal …… Explaining your personal circumstances and going over your very sensitive personal information can be daunting and being declined for finance is never a nice feeling .. this can be alleviated by visiting a broker you trust and let them do the hard work for you. 

Please feel free to email or call me with any questions I am always more than happy to give you advice obligation free and to help you plan the things you want to achieve whether it is in the short term or the longer term …. Let’s make a plan whether it is to buy your first home or your fourth, your life insurance or investment advise you deserve the extra attention and care it is a big decision … 
By Rebecca Jeal