Why and When to Use A Finance Broker

As the home loan market becomes increasingly complex, more people are turning to brokers to assist them become financially empowered and live smarter, while achieving their home loan goals. Here are some of the reasons why…

Finance brokers can save time and give you choice

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 and expertise.

A finance and mortgage brokers job involve negotiating with financial institutions, banks and credit unions to source the right lending products based on each client’s individual needs, goals and history. At Acquired, we compare over 20 lenders with a broad range of options, meaning our resources can be a lot more comprehensive than what you may be able to research.

Finance brokers can help find the right loan for you

The best deal is not necessarily the cheapest rate. A good finance broker will examine your circumstances and future plans to recommend a loan that is right for you, which is exactly what our friendly, qualified team do at Acquired. Having an appropriate loan which works for you can help you build wealth.

Our service is free

The great part about our service is that it’s free! The Acquired mortgage broker team is paid a commission by the lenders once your loan is secured. We don’t charge you a fee for your appointment either! This ensures a cost-effective solution for you because no cost gets added to your loan for our service.

Finance broker can help you avoid pitfalls

Many products seem to offer a great deal but they could have penalties, fees and charges you may not be aware of. While they might seem right now, they may not offer the flexibility you require in the future. Finance brokers can help you avoid taking out a loan you might later regret. Our brokers will take the time to clearly explain your options and their implications for you, so you understand your options now and to consider in the future as your circumstances evolve.

When should I find a finance broker?

So, when is the right time to meet with a financial broker? If you’re even thinking of saving for a home, then now is the time.

When saving a deposit to buy a home, many people have a goal amount in mind that they need to save before they meet with a finance broker who will help them secure the finance. If this is you, you’re doing it wrong. From day one, when you first think ‘I could maybe buy a house if I worked smart, spent savvy and set up savings’, then you’re ready to have a finance broker on your side.

Our knowledge of the loan and property market will help you work out how much you will be able to borrow, which determines the size of the deposit you will need to save. We’ll also able to help you develop a realistic timeline to save your deposit and find ways to pay reduce debts faster, plus provide creative solutions that will help reach your goals sooner.

You may also be pleasantly surprised to find that you are closer to your goal than you thought! Our expertise can help you realise your dreams more quickly and efficiently include lender’s mortgage insurance, specialist lending products, land loans and more.

Read more about meeting up your first meeting with a broker in this article, or contact us to discuss any questions you might have and book an appointment to kickstart your home loan journey.