Whether you are looking for a first home purchase, investment finance, small business loan, agribusiness lending, SMSF loans or equipment finance, Great Ocean Road Finance has got your back. We are here to ensure that no matter where you choose to live, whether it (like us) is on the Great Ocean Road, in Melbourne or anywhere else in this big wide land of ours, you should not be limited for choice when it comes to finance and getting a deal that is right for you.
With access to multiple lenders we can cater to most requirements, whether it be financing a first home purchase, buying that hobby farm you have always wanted, or going into business and needing to meet cash flow requirements. Our fully qualified and experienced staff are here to ensure you are offered the right product for your needs, with our panel of lenders providing very competitive choices.
So why use a mortgage broker?
The process of finding the right product to meet your requirements, purpose and financial position can be long and complex. There is the time factor, having to take the time to research lenders and then meet them, usually during office hours when you are working. There are geographical constraints, is there a suitable lender in your area? There are credit and security policies that differ among all lenders – so you or the asset you are financing may not meet their criteria or risk appetite. These are just a few of the hurdles to overcome.
A mortgage broker is either a Cert IV or a Diploma level qualified expert who has the access and resources to help you navigate the murky waters of finding the right loan to meet your needs. Mortgage brokers, in most cases (and certainly in our case) do not charge fees for their services. They are paid commissions by the lenders for introducing the customer and the loan to them. The lender does not usually try and recuperate this commission by charging a higher rate for broker introduced deals, they save money by not having to pay their internal costs (eg. staff, building costs, operating expenses) for the introduced loan. In fact, according to research group ‘comparator’ (a CoreLogic business), since early 2017 there has been consistently more residential home loans introduced by brokers than there were loans written by bank staff members.
We offer convenience, by doing the leg work, we can quickly find a shortlist of lenders that meet your criteria and have credit and security policies that match your scenario. We can do this remotely – via phone or email – or can come and visit you at the office or at home, at a time that suits you. If you can’t relax or find the time until dinner is done and the kids are in bed, that’s fine we can talk or meet then.
We are a full member of the industry body, the Mortgage and Finance Association of Australia (MFAA) and have continuous training throughout the year in order to maintain accreditation’s and meet industry standards. So you know we will be up to date with what is going on in the industry, the market and regulatory requirements (of which there are many!)
