FINANCE BROKER OR BANK?

WHEN YOU'RE LOOKING FOR FINANCE OR A HOME LOAN, YOU COULD GO TO A BROKER OR TO A BANK. WHILE A BANK WILL ONLY OFFER YOU ITS OWN PRODUCTS, A FINANCE BROKER IS AN INDUSTRY EXPERT THAT HAS ACCESS TO A PANEL OF LENDING SOLUTIONS FROM A RANGE OF DIFFERENT PROVIDERS.

BROKERS TAKE THE GUESSWORK OUT OF IDENTIFYING A RANGE OF APPROPRIATE LENDING SOLUTIONS AND WILL FIND THE OPTION THAT BEST SUITS YOUR NEEDS.

Finance brokers are now the number one choice for consumers who are seeking a home loan or are looking to refinance an existing loan. Businesses are also engaging finance brokers to help them with their finance needs from car and equipment leasing to loans to help their businesses expand.

What can a finance broker do for you?

The leg-work

Finance brokers know the industry, the lenders, their lending solutionsand their approval requirements, saving you time and energy on research.

Translate industry jargon

Finance brokers can make sense of what loan documents and lenders are saying presenting this information in clear, simple terms to facilitate your understanding of industry terminology.

Get you what you want

Finance brokers will determine your borrowing needs and servicingability andrecommend an appropriate lending solution to suit your needs.

Give you a broader choice

While a bank can only offer you its own products, finance brokers can help you choose from a panel of loans provided by different lenders.

Help you compare apples and oranges

Finance brokers have the knowledge and tools to compare a range of lending solutions and can identify loans suitable for your circumstances and needs.

Find you a good deal in your best interests

Lenders are always promoting special offers, and these could make a big difference to your repayments or success rate.

A finance broker will be able to identify which offers are currently available and those that may be appropriate for you.

As part of Best Interest Duty legislation, a finance broker is mandated to act in a client's best interests and always find the best deal, including special offers. To learn more about Best Interest Duty and what it means for consumers click here .

Act as your advocate

A good finance broker wants the best for you. They will be your cheer squad, middle-man, team player and coach throughout the lending journey.

They're in it for the long haul

A finance broker won't just love you and leave you they will oversee and manage the loan's progression right through to settlement on your behalf.

You can expect your finance broker to keep track of you and your changing needs, helping you should you need to switch products or require additional lending advice.

For more information or to speak to a Blu Mortgages broker call 1300 844 490.

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Head Office: Unit 12, 15 Ricketts Road, Mt Waverley, VIC 3149