What is a Broker?

A finance broker is an independent agent – a financial ‘go-between’ – responsible for helping you jump the hurdle of finding the most appropriate financial institution to lend you money.

“Why can’t I just organise my loan directly with my bank?”

You can always deal directly with any financial institution of your choice but there are distinct advantages when using a good finance broker:

  1. A finance broker should have a strong grasp of your financial affairs – If you go to a bank, depending on the person who handles your query, you may be given information that’s not appropriate for you. A good broker will provide an in-depth analysis of your particular situation; one that shows a comprehensive understanding of your position.

  2. A finance broker should do the shopping around for you – If you go to a bank, you will only be offered finance products available through that specific bank and these products may not be the best fit for your needs. A good broker takes an independent stance and looks for your ideal financial fit from a number of different providers.

  3. A finance broker should do all the hard work for you – The paper trail and negotiation required to secure an appropriate loan can test anyone’s patience. A good broker takes care of all the little details and only involves you when it’s absolutely necessary.

  4. A finance broker should talk your language – The finance industry has a vernacular all of its own and a bank will rarely take the time to translate it for you. A good broker will be equally fluent in ‘finance-speak’ as they will be in plain English, so you won’t be left confused and feeling out of control.

As well as all these advantages, enlisting a good finance broker should be a service that comes free of charge to you, which puts you in a win-win situation – the burden of shopping around for finance is lifted and it doesn’t cost you a cent.

Our past clients have already attested through repeat business and referrals that Howitt Partners offers all the attributes of a good finance broker, and then goes that extra mile beyond the usual. This is a level of service we’re proud to offer our entire client base, and one we’ll also extend to you.

“Mortgage brokers are finance professionals who help borrowers organise home loans with lenders. As such, they act as middlemen between borrowers and lenders. ... Mortgage brokers act as the go-between for borrowers looking for a home loan and the lenders offering the loan”

“…the benefits of a Mortgage broker as opposed to going into the bank. The broker does the leg work for both the bank and client and having a broker is the best foot forward to achieving the most appropriate loan etc. We really want to reiterate how banks pay us, not the client.”