No, we do not charge you a fee for our service. BFS are paid a commission by the lender for introducing your business. This does not negatively impact on your fees or interest rate charged by the bank; in fact we are often able to negotiate a better rate on your behalf.
No. The costs are the same. From the bank’s perspective, whether it pays a broker or an employee, either way there is a cost associated with selling a home loan. The difference is the benefit to you – we can give you more choices than one bank as we deal with a panel of over 40 lenders.
All lenders fees vary, but usually you will have an application fee or an annual package fee; government mortgage registration fees; bank cheque fees for settlement and occasionally valuation fees may apply. We will fully disclose to you as part of our recommendation any upfront and ongoing fees and charges from the lender. Part of our service is to find the most competitive offer available for our clients.
BFS will be happy to meet with you at a time convenient for you! Our centrally located office in South Perth is the perfect place to meet or we can arrange to come to your work or home in need. Please note that evening and weekend appointments are always popular so you may need to book ahead.
BFS can assist in obtaining a pre-approval from the selected lender. This is basically where we provide the lender your financial information to ascertain your eligibility. It can be a powerful tool when negotiating on a property purchase as the vendor will often consider this if multiple offers are presented.
The timeframe will vary dependant on the complexity of the application. In most cases it will take up to 2 weeks to obtain finance approval provided all required documents are submitted with the initial application. See the “loan application process” page for more details.
In most cases no. As your broker we liaise directly with the lender as your appointed representative. This removes the frustration for you of dealing with the banks in limited time. We have access to online application information and tracking systems and have dedicated contact points to assist with our calls. BFS will keep you informed throughout the entire process via sms, email and phone.
BFS has a client for life philosophy. This means we are there for our clients not only through the application and settlement process, but also beyond that throughout the life of your loan. We are your direct contact any time you have questions relating to existing or new loans. We will continue to keep in touch with relevant information through our quarterly newsletter and RBA rate announcements conveniently sent to you via email. In the event this prompts a question from you simply reply to the email. You can also unsubscribe from these emails at any time.