Questions to ask a broker

Posted May 9, 2017

Domain has an article today with the 5 questions you must ask a broker so you can make an informed decision, well here are our answers:

1. Are you a licensed broker?

Yes we are.

2. What is your fee structure?

We get paid our fees by the lender. There is no charge to the client.

3.Why should I use you as a broker instead of approaching the lender direct?

Brokers have the product knowledge to know which lender and which loan product is best suited to your situation. It takes the hassle out of having to spend countless hours comparing loans across numerous banks and trying to decipher all the finance jargon and different costs between different banks. A broker provides you with a selection of a few loans which are best suited to you and talks you through the pro’s and cons ultimately helping you make one of the biggest decisions in your life.

4. Which lenders do you have access to?

We are accredited with over 30 lenders. These range from the Big 4 Banks to smaller boutique lenders who are more suitable for certain borrowers

5. How do you determine which loan(s) to recommend to me?

Brokers consider a range of things when determining the loan that is right for you. These include your income profile, the stage you are at in your life, your objectives of securing the loan (investment, wealth creation, owner occupied) and many other nuances.

Do you have any more questions? Give us a call and let’s go through them today.