Mr Doolan says there are a range of benefits to using a mortgage broker, catering to everyone from commercial clients with equipment loans to first home buyers looking to finance their first property.
“The major benefit of using a mortgage broker is that they can use every bank and independently review all options for a client,” he said.
Mortgage or loan brokers are independent finance professionals who arrange loans on the behalf of a client, “shopping around” with several big and small institutions to find the best deal.
Those in the regions can also benefit from easy access to Doolan Finance’s brokerage services, with most assistance available online or over the phone. However, Mr Doolan said the team was more than happy to travel back home to Rochester from the business’ Geelong office for clients who preferred to meet in person.
“We’ve got access to over 40 different lenders,” Mr Doolan said, adding that the team’s extensive big banking and loan experience took the stress out of finding the best deal for its customers.
From first contact to finalising the loan, Doolan Finance will be there to fully support its customers throughout the process, answering any questions or concerns that arise.
Many larger banks are closing branches in small towns, including in Rochester with the local Commonwealth Bank branch closing on July 30.
These closures limit access to banks, opportunities and variety for customers’ loan options in regional areas.
Simply put, most people don’t have the opportunity to take time out of their work day to travel a long distance for a meeting with a big bank, where they might not go ahead with that loan anyway.
Mr Doolan said the use of a finance broker could allow easy access to wide range of lenders including all the major Australian banks, taking away any issues around lack of access in regional towns.
The team also has access to many online lenders which can be an option for those looking for an alternative bank with better terms, or can solve some logistic challenges for rural clients.
“We like to be able to talk to clients in their language terms and simplify the bank jargon by explaining the process in a way that clients tend to resonate with,” Mr Doolan said.
“Anyone who’s looking at finance, give us a call so we can guide you in a better direction and start the conversation.”
For more information, Doolan Finance can be contacted via its website at www.doolanfinance.com.au or by phoning Adam on 0407 942 725 or Jake on 0400 838 976.
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