Are you insane you say! Of course you wouldn’t.
Yet that’s exactly what many of you are doing.
Going straight to your bank, for your so called “options” is hardly an option at all these days. Your bank is not going to tell you if a competitor has a better product.
Convenience, is one of the reasons sighted for those who go directly to a bank. If all your accounts are already with the bank, then you probably wont have to email your statements to them.
Is this two minute task really the reason that you would opt to pay an extra $10,000 or even $20,000 in interest over the life of your loan?
Most of you would have spent some time researching home loan products on the internet. However, reading advertisements from the banks and so called comparison sites, hardly replaces the knowledge that is gained from someone who spends everyday of their working life, discussing and reading about bank policies and interest rates.
So take those couple of minutes, and pick up the phone. Call an experienced, diverse finance broker, whom truly uses a variety of the lenders they have on panel. Call Bee Finance Savvy on 1300 140 554.
Next time you speak to your broker, ask them how many of their lenders do they actually use?
More information on diversity amongst finance brokers can be read in an upcoming article.