A finance broker is a person who works as a intermediary between the customer and the finance institution. A finance broker will meet the customer, discuss their financial objectives, complete a needs analysis and then recommend a finance a few products for the client. This recommendation will take into a range of objectives such as interest rates (fixed and variable), deposits required, fees charges associated with the loan the time required to obtain finance. When a product/bank has been selected the finance broker will collect all the documents for the application and follow the application from submission thru to settlement.
Along the way the broker will generally keep other parties (settlement agent/real estates agents) up to date with the customer home loan application.
Finance brokers can assist with home loans, investment loans, refinances, car/asset finance and business loans.
Research shows brokers account for 66.9% of new home loans.
https://www.mfaa.com.au/news/More-than-two-in-three-home-loans-written-by-mortgage-brokers
If you like to CLS to see if we can assist you please contact us on https://www.centrallendingsolutions.com.au/contact-us/
