Bank or Broker?

Bank or Broker?

When it comes to important decisions, it pays to shop around

And that's exactly what we do; we listen to your story —we look at what's best for you and your particular circumstances and then we fight to get you the best deal available anywhere in the country. Unlike the banks, we work directly for you, so there's no contest when it comes to getting the best loans for our clients. 

Let's compare the two:

Objectives:

Brokers:
Consider their client's current objectives and goals for the future and structure loans accordingly- a personalised, holistic approach to customer's finances​

Banks:
Sell as many financial products to their clientèle at the best price for the bank. Their staff's performance is assessed by the profits they make, which can lead to clients being sold unnecessary products

Loan packages:

Brokers:
Open up the entire banking and funding system to their clients and deal with: Banks, Non-banks, 2nd tier lenders, Private lenders, Private equity firms and many more

Banks:
Sell only their own products—when was the last time you heard of a bank selling another's loans?

Services offered:

Brokers:
Work with Accountants and Financial Planners to develop tax effective strategies to help there clients make the most out of their financial situation

Banks: 
Do take a customer's financial situation in mind, but generally just to make sure that they are only lending money to the people that they consider to be safe investments

Customer experience:

 Brokers: 
Handle their own clients and are always available to speak with to get advice or just to touch base with

Banks:
Clients rarely get to deal with one person for a long period of time as the bank moves their employees on fairly quickly- it's almost like a game of musical chairs

the-broker-process

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