I act for you; a lender sells you products.
A broker collects information about your needs, including the amount and purpose of the proposed loan and other relevant details. They then assess your criteria against a panel of bank and non-bank lenders, to find the loan product that is right for you. At all times, I act in your best intersts, doing the rate and costs comparisons and making sure your paperwork is all in order before we even approach a lender.
When providing you with credit assistance on your loan, I have a legal duty to make recommendations that are in your best interests.
The choices now available in the mortgage market can seem limitless and completely overwhelming. You can choose to research the subject, the lenders and their products yourself, or work with a finance broker who already has that knowledge.
All mortgage brokers have a panel of Lenders from which they recommend a loan. They have to become accredited with the lender to offer their product, and are required to keep up-to-date with their latest offers.
The best deal is not necessarily the cheapest rate. A good mortgage broker will examine your circumstances and future plans to recommend a loan that is right for you. Having an appropriate loan which works for you can help you build wealth.
Lenders pay me a commission for the loans I write. Most lenders offer the same rate via the mortgage broker as they would directly, and a broker could save you money in other ways.
Many products seem to offer a great deal but they could have penalties, fees and charges you may not be aware of. Or, they may not offer the flexibility you require in the future. A finance broker can help you avoid taking out loans that you might later regret.
At The Boutique Broker we won’t just love you and leave you – we will oversee and manage the loan’s progression right through to the end on your behalf. By the way, ‘the end’ isn't when you sign the documents; you can expect us to keep track of you and your changing needs, helping you should you need to switch products or wish to make another purchase in the future.