Bank or Broker?
1.5min read | 313 word count
Has the time finally come for you to buy your first home, renovate your current castle, or upgrade your wheels, but you need a loan to make your big dream, a big reality?
In your mind, it makes sense for you to go with the bank you’ve used since day dot, and why wouldn’t you? It’s convenient, they already have all of your financial information, and you’re able to keep all your finances and banking in the one spot.
Even though consumers are likely to stay with a lender that they have an existing relationship with, they are often disappointed that their loyalty is not rewarded.
That’s why it’s an excellent idea to use a mortgage broker. The key difference between brokers and the banks, is that brokers have access to a range of banks and lenders, meaning they can shop around for you and they’re more likely to find the most competitive loan for you. Brokers will support and advise you throughout the lending process, and meaningfully compare loan options based on your needs and wants.
But how can you be sure that you can really trust a mortgage broker over the bank you’ve been with for 20 years? Well, in January 2020, the Federal Government passed legislation to create a new duty for mortgage brokers to act in the best interests of consumers and, where a conflict of interest exists, to prioritise consumers’ interests when providing credit assistance. Not to mention the team at JLH Finance Advisory are known around town for being your friends in finance, we’ve got your back when it comes to finding you the right finance deal!
So, what are you waiting for? JLH Finance Advisory is your local mortgage broking firm and your friends in finance. Call now for a free, no-obligation chat to find out how you can make your big property dreams a big reality.
Give us a call on 07 3857 4613 today or fill out your details below and we’ll call you!
There’s no sales team here, just real, local folk ready to help you out.