Why Use A Finance Broker?
Getting a home loan can be very daunting these days because of the number of options in lenders and the wide range of products they offer. Gone are the days when you went to you local bank manager who you or your family knew personally to have your loan approved or declined on the spot and they only had one product to sell to you. These days your bank, who you have no need to visit anymore, (because they make you use ATMs, telephone and electronic banking), is a foreign place to visit. Most times you will deal with people you don’t know.
Finance Brokers are becoming more and more popular as an alternative to dealing direct with the banks. They will sift through the wide range of lenders and the product range they offer. You not only have a choice of banks and their products but there are probably more non bank lenders than there are banks nowadays so how do you find out about them? Banks also have a habit of advertising cheap interest rates or offer reduced introductory rates but how can you find out the real cost of these loans? Your Finance Broker will give you all the detail.
Your Finance Broker should be your number one contact through the property purchase process even before you start looking for your prospective property to buy. Your Finance Broker will take out the fear and frustration of choosing the right finance product, help you set up the correct structure you are buying your property in so you get the benefit of tax and asset protection by liaising with your professional advisors if need be. A good Finance Broker will be your confidant in this and any future property or asset purchase who can save, or make, you thousands of dollars by knowing and advising you what to do.
Why Choose Total Finance Corporation? Let me ask you this, you wouldn’t go to a Chiropractor to get a tooth pulled even though they are both doctors. Just because someone is qualified doesn’t mean they are experienced. It amazes me how many people will seek advice from people who are so called experts but have no experience in the field. I hear time and time again people getting advice at BBQs or over the back fence from their neighbor about property. My first question to them is how many properties do you own? How many property transactions have you done?
At Total Finance we are Finance Brokers who walk the talk. We have investment properties, we have bought, built and sold property, we have had development property and if we haven’t had it there’s a good chance we have been through the process with one of our many clients. The majority of our clients are investors and are either self employed or PAYG. Many use our services to get started and then keep coming back. We believe in property as a great wealth creating tool and when we demonstrate that to you, you will understand why. In saying that we’ve helped finance many first home buyers and mum and dad home purchases. If we know the process for multiple property buyers then surely we are going to be great for the owner occupier purchaser.
How do we get paid? The lenders are not silly and are in the business of making money, as are we and as you are I suspect. The lenders essentially pay us to do their work for them in putting your loan application together, introducing you to the lender and managing it through to settlement. In most cases we will get paid to nurture your loan throughout the life the loan so you remain happy with the loan you have chosen and we are there if you require any further lending to grow your property portfolio or any other worthwhile purpose. The Lenders, (or more like the customer), see Finance Brokers as providing the client with a more personalized and flexible service at a far less cost than bank employees. There is no difference in the cost to you whether you get a loan through a bank or via your finance broker. In fact in most cases the finance broker will save you money as they tell you what some lenders don’t tell you.
At Total Finance we go beyond the finance broking service and provide a whole service around managing the whole property purchase process. We can even source your property, engage and liaise with the builder and advise and arrange post purchase activities such as getting a quantity surveyors report completed to maximize tax benefits of your investment property and engage a rental management agent to find a tenant for your new property.
So if you want peace of mind knowing you are dealing with experience finance brokers and property investors then be sure to contact us when you are seeking finance for your next purchase or building a home, better still contact us before you make your next purchase. It could save or make you thousands of dollars.
Have a great day
Regards
Bruce Cruickshank
Total Finance Corporation Pty Ltd
PO Box 4161 Gumdale Qld 4154
Ph 07 3393 6428 Fax 07 3396 039
“The best at arranging your finance for property, vehicles, plant & equipment, business and personal needs.”
