The most important tool for a broker to have in their tool box is having the right lenders in place, and as we said last week, it is imperative you build a solid relationship with a lender who you can trust.
It is common practice for brokers to advertise that they have up to 50 lenders on their panel, but honestly, you really only need one who you can trust.
The other side to this scenario is lenders fighting over a deal, promising brokers the world, while lying to them just to make money from charging thousands of dollars upfront to pay for their Friday lunches, without any intention of funding the deal.
Fortunately there is a better way…The HomeSec way!
Borrower phones HomeSec: I need $200k by tomorrow to help expand my business. I have equity in my property.
HomeSec: The figures you have told us stack up, and after a few hours of due diligence we will be able to order loan contracts.
This sounds like an oversimplification but this is how easy it really is. The way we see it, business isn’t rocket science, if a client stands to make money from borrowing money, there is no need for lenders to complicate things.
THE fastest and simplest way is to just call HomeSec Business Finance.
1300 93 83 87