Use a Broker or go to a Bank?

Use a Broker or go to a Bank?

Are you thinking of purchasing a new home, refinancing your existing home or even looking for some short term finance to assist with your business or buy a new car? In this day and age, almost everything you need to know about applying for finance is just a Google search away. Doing research and navigating your way through the process, seems easier than ever. So why use a broker?

It all comes down to wanting more choice, getting the best deal along with the convenience of saving valuable time shopping around.

A Broker will save you Time and Effort

Time and effort are irreplaceable resources, once you use them, you can never get them back. A broker will do the leg work for you by finding you the right lender with the right product. Even additional paperwork like the First Home Owner Grant application can be handled by a broker.

At 8 Collective our finance team have access to over 40 lenders Australia wide. We work closely with each lender to ensure we are across the best deals and interest rates on offer, and majority of the time even accessing options that the average person can’t.  

"Currently, six out of ten Australians select the services of a broker to write their home loan and more than 90 per cent of mortgage broker customers are happy with the service they receive*."

You’re receiving insights from an expert

A broker will know what is happening in the finance industry, they will keep on top of market changes as well as stay across what the different lenders are offering. It’s having this experience from a trusted expert that can help you ensure you are meeting your short and long term financial goals.

A broker will listen to your needs and work out the best possible solution to suit your circumstances. While most people will just focus on finding the lowest rate, they may not understand the various features that different loan products offer which a broker can explain.

A broker will know the different lender processes as well which can potentially speed up the application process. There’s nothing worse than doing all the research, finding the right lender and product and then having your application not go anywhere due to missed steps or realising you don’t fit the lenders credit criteria.

Ongoing Support

Once you become a customer of a bank or lender they don’t usually look at your loan unless you ask them to. At 8 Collective our finance team are committed to checking in on our customers regularly (usually at 6, 12 and 18 month intervals) to ensure that the loan product that they applied for initially still suits their needs, and if it doesn’t, move them to one that does.

Are you looking for a trusted broker to help you achieve your financial goals? Give the 8 Collective finance team a call today on 1300 344 888 for an obligation free chat on how we can help you.

*source: www.mfaa.com.au

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