Are there Advantages of Using Finance Brokers over Banks?
Most definitely YES!
Finance brokers will source the best loan for you depending on your financial circumstances from a huge range of products and lenders.
Many bank employees may not have the wealth of knowledge about the loan products available in the market place, as they will be limited to the products available at their own institution.
Although a bank or lender may offer their best available product, they won’t tell you if another bank has an even better product or deal for you. The role of a finance broker is to research the best loan for you (against other products available on the market) and recommend this to you based on your individual financial situation.
Could you imagine trying to work out the difference between 20-30 different loan products? That would take you ages!
This is why brokers get paid for what they do. They invest their time staying up to date with the latest loan products ensuring that you are always given the best loan available for your particular circumstances.