Wealthy You Finance Broker- An Analysis

A finance broker can present you with a range of products from multiple lenders, a good one will know the best places to present your deal to based on the criteria provided. Mick will work with you as the client to determine your borrowing needs and abilities; he will do all of the legwork for you and help you to select a loan that is most suited to your circumstances. He will follow the process and manage it right though to settlement. Find Out More Wealthy You Finance Broker

Basically, the better your broker knows you and understands your requirements and goals, the better he can be at organising a suitable loan for you. Of course, the main negative to going directly to one lending institution is that they can only sell you their product whereas a broker can research the market ensuring you get the best possible product available to specifically suit your personal needs.

Is Mick independent or connected to any particular institution?

You can be rest assured that Mick is not working directly for any banks or financial lending institutions, he is one of three directors at Financial Momentum Solutions, a company born when the 3 directors working at a local Perth based broker decided to take the plunge to start their own finance broking company… the rest is history as they say.

What’s the difference between a mortgage broker and a finance broker?

A finance broker such as Mick can assist you with all types of lending whereas a mortgage broker generally specialises in home loans and is usually only accredited in the residential sector.

Mick is and has been for many years commercially accredited with many financial institutions giving him the ability to shop around for the best deal for you as the client whilst at all times being in control. Some brokers will claim to be “commercial brokers” however as many are not actually commercially accredited all they can do is pass on the info to someone at the commercial department within the institution therefore inevitably losing a certain amount of control not to mention you being tied to that one lender!

Will it cost me more to use Mick as my broker?

The brokers fee for arranging the loan is paid by the loan provider, it is not added on top. The broker is paid by the lender at a cost to them and not to you so no it doesn’t cost you more, in fact you will often get a better deal as Mick will have taken the time to review your options with a selection of providers which in turn gives you better buying power. As part of legislation all fees paid to the broker by the lender are disclosed to you in the contracts you receive when arranging your loan.

Can Mick take care of all my commercial and residential finances?

Yes, Mick can take care of all your finance requirements, as he is accredited and proficient in all these areas.

Who is Mick working for?

The broker is always working for the client, not the bank or financial institution therefore he will always have your best interest at heart giving you peace of mind that you are getting the best deal at all times.

Who does Mick deal with?

With Mick being a licensed finance broker, he is accredited with all the well-known major banks and financial institutions along with several that most people will never have even heard of. Having access to such a vast range of lenders means that you as the client have peace of mind in knowing that all your options have been covered without you having to go out and do the investigating yourself through what can be a very confusing minefield of information.

Does Mick have reputable connections say if I needed a new accountant, or help in setting up a new entity or structure?

He absolutely does. Not all accountants for example deal in the same avenues so he can point you in the direction for the one that will best suit your needs. Some are ideal for the smaller family run accounts and some are better equipped to deal with the larger more complex businesses that need regular guidance in their business.

What would be the negatives to using a finance broker?

I think its safe to say that there really are no reasons to decide against using a finance broker for all your finance needs, and finding a good one that takes the time to get to know you, your needs and requirements can be so beneficial to you moving forward offering peace of mind that your finances are in safe hands.