ABN 67 099 850 478 | ACL 386877
WHY USE A YFG
FINANCE BROKER?
Now, we’ll discuss the benefits of working with Your Finance Group.
Making the incorrect decision while looking for a house loan might cost you money and not result in a positive, less stressful experience.
Our team members were chosen for their interpersonal skills, integrity and commitment to doing what is best for their customers.
Never be content with mediocrity.
EXPERIENCE
All of our team members go through a rigorous training programme before joining us and they continue to train every week to stay current on industry trends.
Camaraderie among our team members is essential to our success. Each team member gladly and voluntarily assists the others while they are on leave, under pressure or merely discussing transactions where a problem may occur.
Since lenders frequently change their workforce, employees’ lending experience may be brief. Our staff comprises of devoted mortgage brokers that live and breathe this industry.
Large firms like banks frequently move their workers around. The top employees often end up working from the company headquarters. Their knowledge of house loans and your situation may occasionally be limited.
However, a mortgage broker’s main source of income is home loans. They frequently run their own firm and have a long-term commitment to you, the client.
Knowing what is going on in the home loan industry is the responsibility of mortgage brokers. It is a dynamic industry that moves quickly.
CHOICE OF LENDERS
Choice is a mortgage broker’s main advantage over a bank. You get access to one lender and maybe three or four home loan products when you meet with your bank manager.
When you sit down with a mortgage broker, you have access to a number of lenders—up to 50 or more—and hundreds of different home loans, each with a separate set of rates, costs and regulations. All of these are available to you through your mortgage broker.
Importantly, you get to select the lender you want.
Our experts will carefully consider your position and your demands before searching for a range of solutions that meet them. We’ll then provide you a list of lenders together with their fees so you can decide which is best for you.
We have access to a huge selection of home loans from roughly 50 lenders. We can help you evaluate these products based on their interest rates, fees and other costs, as well as any unique rules or requirements that may be associated with each one.
PERSONAL BANKER
Personal bankers who work with the lenders frequently vary. While they take care of you, they are dedicated to their employer, and the majority act in their employer’s best interest (if they want to maintain their job).
The most effective personal banker you could have is your mortgage broker. They are experts in their field and dedicated to delivering the finest results for you since they want to maintain you as a client in the long run.
They have the experience to know what has to be done, and since it’s their own business, they get it done.
Consider our staff to be your personal banker; we are always available to help, even after the loan has settled, via phone or email.
We prioritise keeping the partnership going for a very long time. In the upcoming years, we want to make sure you receive the finest offer.
SAVINGS
One important factor is the ability to compare multiple loan providers in an effort to obtain the most suited product for your needs.
There are a variety of fees and charges associated with various home loans, including application costs, valuation fees, solicitor fees, settlement fees, monthly fees and yearly fees. They might become incredibly pricey when they are all added together. You may choose a lender and product with less of these costs while still receiving a highly appealing interest rate with the aid of a mortgage broker.
You can decide on the most cost-effective product by using our abilities to find relevant items and then provide you a list based on genuine pricing.
Over the course of a loan, you may save tens of thousands of dollars by doing this.
CONVENIENCE
Another area where our staff excels in engaging with lenders directly is convenience.
Our crew works around the clock, seven days a week. We will make every effort to meet you where and when it is most convenient for you.
You should turn to the staff at Your Finance Group for help with your financial needs.
DIFFERENT LENDER POLICIES
Another key reason is that it’s harder to borrow now with increased restrictions and monitoring of lenders by federal agencies. People who in the past may have had their loan application approved, may now find it declined as lenders are forced to delve deeper into a loan application.
Lenders are required to ask more questions and search deeper into past credit history and transactions on your accounts. A mortgage broker can check out an applicant’s loan application first and then search a lender to find out which lender is more likely to approve the loan application under their policies.
Another reason for the expansion of mortgage brokerage is convenience. Contrarily, you might have to wait days before you can meet with your local home loan officer at your bank at a time that works for them.
Our brokers are devoted to helping our clients locate the lender and product that best meet their needs as a whole.
Our expectations for our clients include honesty and high ethics, love for what they do, goal orientation to get the work done, adaptability and creativity.
Our brokers aims to provide high standard services to meet client expectations.
Other requirements and expectations include the following:
TRAINING
Initial training to join our team is a thorough education program lasting several months that is directly overseen by management.
Once finished, participants begin a two-year mentoring exercise that will monitor their actions and provide guidance and support for their interactions.
Our team is constantly being trained, often once a week, to stay current on the information and abilities needed to be a professional, productive and efficient mortgage broker.
To establish a thorough understanding of the banking business and other connected industries, meetings with lenders and other professional persons with industry ties are often scheduled.
QUALIFICATION REQUIREMENTS
Our team are required to have the following:
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Individual Lender Accreditations
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Certificate 4 in Financial Services (Finance / Mortgage Broking)
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Certificate in Anti Money Laundering / Counter Terrorism Finance
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Diploma of Finance and Mortgage Broking Management
SKILLS
Members of the team are carefully selected from a range of technical skills and personal qualities including:
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Empathy, understanding, caring and tolerance
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Analytical capability, problem identification and resolution
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Communication (oral and written), listening and questioning
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Decision making
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Time management and detail orientated
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Software expertise