[First filed: Oct 18, 2010 @ 9:40]
This is a question that Rachael Hunter of Dominion Finance gets asked a lot. Its usually followed up with a “Why not just go to a bank directly?” or a “How much are you going to cost me?” and occasionally an “aren’t you going to recommend the lender who you get the best commission from?”
Rachael tells us that these are all fair questions. After all, average joe applies for a loan once every 4-5 years, and even less for a home loan; so mortgage financing is not something that comes up often. Knowing the answers to these and other questions that arise in seeking Mortgage finance is that the greatest value add Rachael can offer. Home loan lending is her core business and it is something that she does every day.
How does that benefit you?
The main benefits are that it saves you time, money and stress. You will not only have someone else finding and researching the best loan for your situation but Rachael will even take care of filling in the paperwork for you and therefore freeing up your time, which is much better spent finding the right house or picking new furniture. Rachael also liaises with the loan assessor and will advocate on your behalf to get your loan approved. Her aim is to limit the amount of time and energy you have to expend to get the lending you want done.
Rachael’s client is you and she work for you not the banks. She keeps an active eye on the lending market for good deals or a new product or price that will suit your needs and is quick to share that with you, even if it does not come from the bank you are currently lending with.
In order for Rachael to keep her clients and retain them over the long term she create relationships that are all about meeting the client’s needs. Going directly to the banks will not offer you the same kind of benefits, in that once they have won your business it is not as necessary for them to keep earning it from you. More importantly, do you really have the time to approach 20 or 30 lending institutions to find the best deal?
Rachael aims to establish and maintain relationships with her clients that last for their entire lending future. She’s also able to draw on extensive resources to provide you with a wealth of knowledge on how to structure lending, which banks are best at your meeting your needs and will cater to your situation, and which products will meet your requirements.
Rachael has kindly offered to answer any questions or comments related to home financing from the RiotACT audience over the coming week and hopefully give you some further insight into why working with her to find a home loan is of benefit to you.