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Why use a finance consultant/mortgage broker
Because finance consultants have an understanding of the loan process and the criteria used by Lenders in evaluating borrowers they are able to make sure your loan application is completed quickly, correctly and that you get a loan which is right for you.
- They will work with you to identify your needs
- They have access to an array of loan products with many different lenders
- They will help you to understand the various deals that are on offer, explaining all the features and details
- They will lodge your application for you
- They will deal with the Lender for you
- They will arrange all paperwork necessary to secure the mortgage
- They will be there after your loan has settled and work with you to ensure your loan continues to offer you the outcome you need.
Choosing a finance specialist
Make sure your finance specialist is:
- A member of the Mortgage and Finance Association of Australia (MFAA) www.mfaa.com.au
- Part of a reputable aggregator (the grouping of a number of mortgage brokers into one, for the purpose of doing business)
- Happy to disclose fees and commissions
- Covered by Professional Indemnity insurance
- Has access to a broad panel of financial institutions
- Takes the time to understand your needs and assess your options
- Is part of an External Dispute Resolution Scheme such as Credit Ombudsmen Service Limited (COSL) www.cosl.com.au. COSL is an independent dispute resolution service for the credit industry. They assist borrowers should there be a dispute that is not resolved between the parties.
All brokers with The Lending Shop are members with MFAA - The Lending Shop is proudly operated by the Australian Loan Company Ltd.
Wholesale aggregator
of the year 2008
Finalist - Wholesale aggregator
of the year 2009
