Frequently Asked Questions
1. Why would I use a broker and not go straight to a bank?
There are literally so many lenders out there and so many products to choose from that it would be extremely time consuming and taxing for you to know which lender and product/s are best for you at any given time. Brokers fill a gap between mortgage lenders and borrowers. They do the legwork, researching the market to save their clients the hassle of individually carrying out their own research from scratch. The question probably should be ‘Why not use a broker when the lender pays the broker to help you find the right loan solution?’
2. Can you save me money on my current repayments?
With our knowledge and experience within the finance market, it is very likely that there are products out there that will reduce your mortgage payments and ultimately save you money when repaying a loan or loans. It is often possible to consolidate loans so that savings can be made but we caution our clients to avoid;
• Underestimating the costs involved in refinancing.
• Short term vision that ends up costing more in the long term.
• Change for the sake of change.
3. Will I have to provide much information?
When dealing with finance there is a need to satisfy the current licensing laws and the lenders’ due diligence. This does mean that some detailed information is required but our processes and tailored information packs are easy to complete and provided to you in such a way that any inconvenience to you is minimized as much as possible.
