You are here: About us
> How we find the best loan
| There are many brokers who offer the widest range
of loan options and promise the ‘lowest rates’. Yet in practice
they steer you to their preferred lender, often the one that best lines
their pocket. |
At Creative Finance Institute our experience and expertise is supported
by our unique mortgage software which allows us to compare lenders in
detail, both across different loan types and your package as a whole.
This means we can give you quality advice on how to organise your loan
well beyond that of a regular mortgage broker.
CFI Software
This specialised software has been created by financial experts seeking
the most comprehensive and effective method to determine the appropriate
loan for any individual.
Our software looks at the total cost of the loan over the first 5 years*.
It includes:
- Application fees
- Any valuation fees
- Any ongoing monthly or annual fees
- Discounts based on your income
- Discounts based on your loan size
- Professional pack discounts
* Comparison rates look at loans over a 25 or 30 year loan period but
the average loan is in place for 5 years or less before it is appropriate
to review both your structure and the interest rates you are paying.
Our software also takes into account if you need to take
several different types of products in the one package and which lender
represents the best
value for your whole package (to better understand this we recommend
reading ‘Structuring
your Loan’ in our ‘Tips & Traps’ section).
|
