Author: yesloans | Page 3

There are numerous loan products that an Aussie can avail of in the market at this time. Each one of these matches a specific financing need for whatever asset you wish to buy.

The problem here is that not everyone knows what types of financing are available to them and can find it difficult to decide the right one for their needs. An excellent solution to this is getting help from a finance broker.

What is a Finance Broker?

To understand the role of a finance broker, we are going to break down the primary responsibilities and benefits that you can get when working together with one.

A finance broker:

Will Provide Expert Advice

Licensed finance brokers are trained and knowledgeable professionals within the lending industry. They have gone through strict requirements in order to become accredited by financial agencies. Besides that, they also know how the financing business works and can assist you with everything from interest rates to loan terms. The best thing about them is that they can get you a loan option that’s customised for your financial situation.

Will Help You Through the Loan Application Process

A finance broker is a very convenient professional to employ. Not only will they help you throughout your loan application process, together with organising every document you need, they can also do the rest after that for you.

Finance brokers will evaluate your profile, compare various loan products, call whoever’s needed, submit the application and basically find ways to speed up the process. Normally you can just send them the requirements and wait until your loan gets approved.

Will Give You More Finance Options

As you apply for a loan, one would normally visit a bank or lender to get the process going. Doing so can be less of a hassle while helping you save time when you submit your application. The problem with this is that this can also limit the options available for you in terms of loan products.

What you can do instead is to get help from a finance broker who will provide access to a bigger network of lenders. Such capability can increase your chances of getting better deals. Whether you wish to buy a new property, truck or boat, a finance broker can lead you to the top loan product today.

Will Have Your Best Interests in Mind

Since a finance broker doesn’t work for a bank, they do not limit themselves to promoting just a single loan product or provider throughout their career. What they do instead is focus on providing for their client’s need and do their best to give them the most ideal loan solution possible.

Many times a person can get the best rates when getting help from a finance broker. This is perhaps one of the main benefits when acquiring the service of such a professional.

Can Save You Money

One of the biggest factors that determines how much you are going to pay for your debt resides with the interest rate. The higher this amount, the more monthly repayments you need to make.

A finance broker can help ensure you get the best interest rate available, including excellent loan terms. Their access to a wide range of partner lenders allows them to take a look at different sources when it comes to affordable loans. Aside from that, their knowledge and experience in lending can help you get the top rates based on your financial profile.

Yes Loans Has Finance Brokers You Can Trust

Now that you’ve read the main responsibilities and benefits of a finance broker, it’s high time that you find one to assist you in getting your desired asset. Leave us a message or visit us at Yes Loans to find out how we can be of assistance!

Purchasing a car can be quite a costly, but a necessary, thing to do which is also why many people decide to get an auto loan instead to help shoulder the financial burden. When heading to your car dealership with the intent of taking out the said loan, you often have very little negotiating power with the salesperson. Oftentimes your credit will be analysed over and over again just to get the best car loan.

But the question still remains: “Are the terms this dealership is offering me the best financing that I can get today?”

Since a car is quite an essential purchase to make, you should spend time to do your research beforehand, especially with regards to your financing options. Getting a finance pre-approval is the smarter choice than heading to a dealership and letting them figure this out by themselves.

What is Finance Pre-Approval?

In essence, finance pre-approval means that you can get approved by your lender to borrow a certain amount of money when buying a new car – instead of doing it the other way around.

There are times when a lender may even provide you with a coupon or check on the pre-approval so you can bring this to a dealership and submit it to them just like you would with cash.

Oftentimes, you can bring the pre-approval wherever you plan to buy a car, giving you the flexibility you need when you shop around.

Why Should I Get Finance Pre-Approval?

There are many benefits in getting a loan pre-approval ready before you go to a dealership. Here are our top 5 reasons why.

1. You Get to Skip the Dealership Financing Discussions

When your finances are ready beforehand, it’s possible to inform your dealer about this early in the negotiation process. Doing so lets you focus on the final pricing without the dealership having to bring about all of their sales tactics in the equation – usually to let you pay more in the end.

2. You Can Avoid Spending More Than You Can

Since the financial numbers have all been analysed and written down, you know how much you can spend and will have a margin you can stick to – helping you throughout the purchasing process. Even as early as doing your online research, you already have a general idea of the amount you can afford until you get to the negotiation stage with your preferred dealer.

3. You Have a Way to Bargain with Your Dealer

With pre-approved financing at the ready, your dealership will take you more seriously as a buyer which can then work in your favour as soon as you begin negotiating. You can end up getting some valuable extras like window tinting, accessories, etc.), a better end price or even both.

4. You Have Peace of Mind from the Beginning

By knowing how much you can spend from the start, you will have the peace of mind knowing what you can afford. This also means that you don’t need to worry about dealing with this, later on, allowing you to focus your energy on finding the right vehicle for your needs.

5. You Won’t Be Forced Into Anything

Finally, a pre-approval is a smart choice before you can always switch to a dealer that has a better offer if the first one doesn’t work out for you. Keep in mind that a pre-approval means that you aren’t locked down with any deal.

Get Your Finance Pre-Approval from Us

Now that you’ve read our 5 reasons why getting finance pre-approval is a smart choice, then why not get things started? We at Yes Loans can help find the best financing that you’re looking for. Contact us today to learn more!

Benefits of Using a Finance Broker