Right Broker Will Secure Nearly All Types Of Loan

Newcastle Herald

Friday September 30, 2005

GR

FINANCE broking differs from mortgage broking but many people do not understand the difference.

Mortgage brokers organise finance where a property is being used as security on the loan.

This may be for purposes of owner-occupier, as a rental investment property, or a commercial property, but all involve the lender securing their loan against the property.

Finance broking takes in a much broader range of loan types including commercial, personal loans, finance for equipment, leasing and hire purchase, mortgages and even goods and chattels (anything you can secure a loan on and are usually depreciating assets, for example a computer, car, furniture or phone systems).

So what does the difference mean to the individual?

The advantage is that a finance broker has a much wider skill-set than a mortgage broker: they can literally look after just about any type of loan, personal or business.

Their knowledge of the finance market in its entirety is also likely to be much wider than that of a mortgage broker, because they are exposed to a range of different areas on a daily basis.

The most important thing to look at when selecting someone to help with your finance is the experience and qualifications of the individual and the company, the systems in place to process and monitor the loans, and the level of service promised and delivered.

Client service is a big part of the philosophy of City Pacific Finance, one of Australia's largest finance broking companies.

The focus for all franchisees and brokers is on a high level of professionalism, honesty and integrity in the advice provided and the overall experience the client receives.

When dealing with a City Pacific Finance broker, clients have the advantage of tapping into a diverse range of products, encompassing mortgages, business and commercial finance, plant and equipment finance, insurance premium funding, livestock leasing and introduction to investments in the City Pacific Mortgage Trust.

City Pacific Finance says that makes them a "one-stop shop" where clients can have an ongoing relationship with the same broker who is able to look after personal and business finance needs.

The range of finance available through City Pacific Finance brokers, who have access to the loan products of more than 35 lenders, allows the client to receive holistic advice and to make an informed choice.

© 2005 Newcastle Herald

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