Fax (02) 4627 1677
About Us
Finance Select Pty Ltd was formed in 1992 by Steve McClure, whose banking and finance career specialised in mortgage lending & equipment finance. He combined the essential qualities of reliability and personal service, with extensive lending skills and an innovative approach to become a pioneer of the broking industry in Australia. Steve is also a director of The Children's Hope Foundation Ltd, which features on the website.
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We stay focussed on
what is most important - representing our clients. |
Our staff share the same attitude. As well as knowing our clients, our innovative systems ensure that we can access all information quickly - whether you've been with us 1 day, or 15 years. Try getting that kind of service from a bank!
Choosing Who You Deal With
The power of competition means the final decision is yours, but understand the roles.
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If you deal direct with a bank or lending institution that lends their own funds - your access is restricted to just those products.
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If you deal with a broker who has access to the market, your chances of approval are increased and your choice of product is wider - but you must ensure that the broker is competent and professional.
That's why dealing with Finance Select makes good sense.
The Finance Broking Industry
Finance brokers have been active in Australia since the early 1980's. But it wasn't until the mid 1990's that the mortgage industry became established for brokers.
The graph below is based on 2006 data from the Mortgage & Finance Association of Australia (MFAA) evidences the popularity of brokers. It shows the distribution of home loans by origination.
Left to right:
Mortgage Brokers 41.5%
Bank
37.2%
Non Bank
10.3%
Credit
Union 8.5%
Building
Society 2.5%
The MFAA cites reasons of popularity of brokers over banks due
to:
- Greater range of loans available
- More flexible hours of service
- better service provided.