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4 Ways a Broker can Make Finance a Breeze

Whether you’re looking to get your first mortgage, refinance your existing mortgage, or update the equipment in your business, obtaining finance doesn’t exactly have a reputation of being easy. Thankfully, engaging a broker can take a lot of the hassle out of the process, while you get on with what you’d rather be doing. Here are a few ways a broker makes getting finance a breeze…

All the legwork is done for you

Engaging a broker means that you’ll be saved all the hassle and time of shopping around for the best deal on finance. Your broker can capture all the necessary information from you in a meeting, then be able to search through loan facilities and narrow down some options that work for you. No more hard-to-translate comparisons and hours of online research, now you can let someone else do all the hard work!

Competitive tendering process

Some brokers, including the finance team at McKinley Plowman, let the banks bid for your business when you need a loan. This means that the banks can put forward their best offer to take care of your finance needs, rather than having to shop around and negotiate prices down. Access to multiple lenders makes this process even more effective, and vastly enhances the process of getting a loan that suits your circumstances perfectly.

Your interests are put front and centre

Recently, The Adviser reported that 93% of clients believe that brokers have their interests at heart, while overall confidence with brokers sits at 95%, as does the opinion that brokers are easy to do business with. As brokers get a commission from lenders, rather than being employed directly by them, the main focus is to find the loan that’s right for you.

Accessibility

Stricter credit rules have made it more difficult for some people to obtain finance. In this instance, getting a broker to help you out means that you’ve got someone on your side that is working for you, and has the industry knowledge required to find products that suit your unique situation. While the magic wand can’t always be waved to make poor credit history or irregular income go away, brokers have at least improved accessibility for those who may have previously struggled.

These things, and more, are some of the ways that a finance broker can improve your outcomes in getting finance, match you up with the right facilities and offer a consistent, friendly face to champion your cause throughout the whole process. If you need any assistance getting finance, refinancing or anything else in that space, contact Paul Moran and Paul Tate at McKinley Plowman on 08 9301 2200 or visit www.mckinleyplowman.com.au/services/finance today.

REFERENCES

https://www.theadviser.com.au/breaking-news/38280-93-believe-brokers-have-client-interests-at-heart?utm_source=TheAdviser&utm_campaign=21_09_18&utm_medium=email&utm_content=1

written by:

Paul Moran

Paul has over 35 years of experience in finding financial solutions for homebuyers, investors and business owners.
A licensed broker and member of the Mortgage & Finance Association of Australia (MFAA), Paul’s extensive experience includes 20 years with a major bank, seven of which were as commercial banking manager.
Paul delivers a holistic financial solutions to achieve the best possible outcome for a client’s personal or commercial lending needs. Paul also provides a comprehensive financial consultancy to business owners on commercial, equipment and invoice finance.