Difference between a broker and a bank

When you go to a bank, you are limited to the products that the bank offers. They may have a limited range of loan products and if you don’t meet their lending criteria, you may not be approved for a loan. Plus, you will need to contact each individual bank and go through the application process separately. This can be time-consuming and stressful, especially if you are unsure about the lending process.

On the other hand, as a broker, I have access to a panel of lenders and a wide range of loan products. I can help you find the right loan that suits your unique financial circumstances, and because I have access to many different lenders, I can find competitive rates and loan terms for you.

Working with a broker can also save you time and energy. Instead of contacting multiple lenders, you can work with me as your single point of contact. I can handle the paperwork and negotiations on your behalf, making the process smoother and less stressful.

Another benefit of working with a broker is that I am here to support you throughout the entire lending process. From the initial consultation to settlement, I am here to answer any questions you may have and provide support along the way.