When looking at your finance options and you are considering brokers how do you know what to look for in a finance broker?
A reputable finance broker should be a valuable asset that will work for you and take into consideration your personal financial circumstances, should be able to present you with choices for lenders and be a member of a professional body such as the Finance Brokers Association of Australia.
What is your choice?
The advantages of using a finance broker are that you are presented with a broad range of finance options from a variety of reputable lenders.
Should your finance broker only give you one option you might need to reconsider your choices as it could be that your broker doesn’t have a strong portfolio of lender that they work with, however it could also be due to your credit history.
A great broker will be able to advise you on why you are being the options you are and how the finance options can work for you.
Comparisons could save you money!
Finance brokers are able to compare financial products for you as they gave tools and calculators that find the most suitable option for your circumstances.
If your finance broker doesn’t compare products for you they aren’t doing their job correctly.
Professional Practice and Measurable Standards.
Finance Brokers who are part of the Finance Brokers Association of Australia Ltd. abide by industry standards and codes of practice. By working with a broker who is part of an association you can ensure that best business practice is established otherwise disciplinary action and dispute resolution processes will be put into action. This is done to safeguard clients and consumers as well as monitor legislation.
Still not convinced? For more information on best practice talk to your finance broker today.