Finance Brokers Can Increase Your Chance Of Success!
There are many reasons why using finance brokers is better than going direct to your bank. Below are the top 5 reasons:
Top 5 Reasons To Use Finance Brokers
More Choices Plus Higher Chance Of Success
When you talk to finance brokers, it’s like talking to a number of lenders at once. Finance brokers from Houston Finance have access to a wide range of lenders and their financial products. When you talk to a bank, you are just dealing with just one.
The advantage for you is that you could spend days applying unsuccessfully hearing only “you don’t meet our lending criteria”, where going to Houston Finance means just one application is taken and submitted to the lender that will most likely say yes, or give you the best deal from multiple lenders that would all likely say yes.
Relationships With Lenders
To a bank you are just another number, your influence is negligible compared to finance brokers that supply thousands of successful applications a year. Having strong relationships with lenders and the people who make the decisions is critical in getting hard loans approved. When you apply directly to a bank, you are talking to someone that has no authority to make any kind of decision on behalf of that bank.
Ever walked into a bank and heard any of the staff refer you to another bank for a better deal? Finance brokers from Houston Finance work independently from lenders, so look at the application and decide which lender will get to look at it based on the lending criteria the lenders have and the strengths of the application.
Houston Finance’s finance brokers are easy to deal with. You can apply for loans online or over the phone and when approved, your personal finance broker will come to see you at home or work to sign and site all the relevant paperwork.
Finance brokers only get paid when the customer has the funds or goods they are applying for, unlike staff in a bank that get paid a wage for just showing up, so it’s not hard to understand why finance brokers will work harder for your approval.
Ringing up the bank you have accounts set up with and asking them what their rate is, does not mean you will get that rate, or will even be approved. It is the bank staff’s job to try to get you to apply to them.
Most people don’t understand how repeated finance applications are viewed. Every time you make an application for finance direct to a lender, and are unsuccessful, future lenders looking at your credit file know that has happened. More than 2 unsuccessful applications in a short time frame make you look desperate and can severely damage future chances of success.