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What A Mortgage Broker Should Do For You - Part 1

what-a-good-mortgage-broker-should-do-for-you-part-1

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 The loan application process can be daunting, especially for first-time borrowers. A broker may be able to help you choose the right loan, however, you must do some research before choosing a broker.  A broker acts as a go-between for lenders and borrowers. The right broker can offer many options to help you get financed.

They should get to know your wants, needs, and desired outcomes

When you’re dealing with a broker, it’s important to make sure that they understand what you want out of a loan, and how you need it to work. Applying for a loan is a big decision, and there are right ways to go about it. When considering which broker to choose, there are some things you should take into consideration. Before you settle on a broker though, it’s important to figure out the type of loan that you’re after, as well as the features that you will want. Thinking out whether you want a fixed-rate loan, or a variable rate loan is also helpful, such as looking at how much you can afford to repay per month.

With Tiger Finance, you’ll have your own loan specialist assigned to you to help you with every step of the application process. They will get to know your situation as well as what you want in a loan, ensuring that you get the best service possible. 

They should explain the key features of each loan

A broker should be willing to talk you through each of their loan recommendations, as well as taking the time to explain each of the key features that the loans have to offer. This includes the differences between each one and making sure that you feel comfortable and understand the benefits of each.

They should look for any grants or schemes available for you

When looking for a loan, it’s important to be aware of any government grants that could apply to you, and your situation. This could be a first homeowner’s grant or a small business grant for example. A good broker should make you aware if you are eligible to receive any benefits.

They should explore all possible loan options for you

When you enlist the services of a broker, you want them to exhaust every possibility terms of potential loans. There’s no use in hiring a broker who may skip over a better deal, or one who just won’t put in any effort for you at all.

They should negotiate with all of their partnered lenders for you

If you choose to use a broker who has lots of lenders to choose a loan from, you’ll end up with a far better deal. More lenders mean more loan options, which also means that you’ll end up with a more flexible loan. Chances are that you’ll also have a far better interest rate to choose from, saving you money in the long run.

Tiger Finance wants to ensure that you get the very best loan possible, so that’s why we have partnered with hundreds of credible Australian lenders to ensure that we find the right fit for you.

You shouldn’t be waiting for months to be approved

If you require funding, the last thing you want to be doing is waiting around for an answer. You want to know as soon as possible if you’ve been approved so that you can start planning for the funds.

You shouldn’t need to provide a pile of documents

The first thing that comes to mind when applying for a loan is all of the paperwork that’s usually necessary, right? It shouldn’t be that way though. There’s nothing worse than having to find a mountain of paperwork, only to find that you’re missing something and you can’t proceed until you have it.

At Tiger Finance, we specialise in low doc loans. That means you’ll only need the most basic proof of identity and income papers, not payslips from five years ago.

They should outline all the fees that you will need to pay for

No one likes nasty surprises, especially those in the form of bills that turn up in the mail. Your broker should clearly outline if they will be charging a fee, and what exactly they charge for. Although it might be tempting to take the first loan that your lender offers you, it’s important to know exactly what you will be paying for, and when.

Tiger Finance won’t give you surprise bills. Our initial consultations are free, and you won’t be billed until we’ve found you the right loan.

Why Choose Tiger Finance?

In four simple steps, you could have the perfect loan that you’ve been looking for with Tiger Finance. Call our finance experts today for an obligation free consult, where we will tailor-make a loan to suit your needs.  We will then negotiate with hundreds of lenders on your behalf, before getting you approved and settled in your new loan. It’s that easy!

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