The Benefits of Using a Broker

Brokers have continued to grow in popularity in Australia with the total broker market share rising to 51.3% in the 2015 financial year. There is good reason for this increase in popularity and with this in mind we have decided to share the benefits of using a broker.

Brokers do the legwork.

Shopping around for the best deal on your next car loan or home loan is time consuming and at times frustrating (we do it everyday!). This is where a broker can save you both time and money! A good broker will identify your needs and then compare the hundreds of loan products on the market to find the most suitable fit.

Broad range of products.

Going straight to your bank or credit union limits you to a very narrow range of loan products. On the other hand, brokers have access to over 40 lenders and hundreds of loan products (generally including your current bank or credit union). This allows brokers to compare the full range of products to ensure you’re getting the best possible deal – your bank wont do this!

Advice from an expert.

There is more to a home loan or car loan than the interest rate or repayments. A broker can explain the ins and outs of each product to ensure you maximize the products potential. Examples of these features include offset accounts for your home loan or a residual value for your car loan; both are highly effective at saving you money and reducing your repayments under the right circumstances. Factors such as the ability to make extra repayments or terminate your loan early may end up being crucial factors in your selection process. Having someone to take you through the pros and cons of different options can be extremely valuable in ensuring you end up with the right home loan. 

It’s free! 

Whilst not all brokers offer their service free of charge, many brokers (we believe the good ones!) will offer their services for free. This is made possible because the lenders pay a commission to the broker when the loan is settled. At Revolution Finance we don’t charge for our broking services and there will never be any upfront or out of pocket expenses associated with our service. 

Call or visit us today.

Call one of our experienced brokers today for an obligation free chat on 1300 882 851 or visit www.revolution.finance for more details.