There is a considerable array of loan products and features in the finance marketplace that can become challenging even for the most astute. Learning and getting up to speed with interest rates, terminology and understanding which is the right lender for you can become overwhelming. For these reasons, many borrowers turn to the professional advice of a mortgage broker. A mortgage broker will be able to:
Financial Planning and Mortgage Advice – A winning combination!
Getting the best rate and or the lowest price may not always be the best solution for you. There are numerous considerations that our Financial advisers will keep an out for you before recommending the most appropriate structure and what are the best finance options that will suit your circumstance’s.
Once established our Financial Planners will recommend to you what features you need in your loan product. Our Mortgage brokers will then be free to find the best solution from the vast array of lenders in the market place.
Our brokers will get pre-approval (where your loan is “approved” based on certain conditions such as loan value ratio) and follow through your application right through to settlement. A great mortgage broker will also do reviews and provide a home loan health check further down the track. It may be even possible to further shop rates as you reduce your debt.
After the ‘health check’ a mortgage broker may be able to help you reduce your repayments and or unlock the equity in your home so you can invest or buy that boat you have always dreamed about? Of course as your needs change we will assist with your refinancing needs and make adjustments to your mortgage solution.
The earlier you contact our brokers the better we can tailor the best mortgage solution for you!
Assess your financial circumstances
Your mortgage broker will work with you; your financial planner and accountant to discuss your needs and circumstances with you. This gives them the opportunity to determine which type of loan is most suitable.
You will need to provide documents to support and confirm your identity and financial situation. These documents will include a 100 point check list for identification, personal bank statements to demonstrate savings, tax returns, payslips, employment contracts, outstanding loans, statements, etc. We will advise you of what you need for your particular situation.
Once your mortgage broker has an understanding of your objectives and financial position, they will discuss the various loan products available. A mortgage broker should also provide you with product comparisons and inform you of proposed mortgage repayments and any upfront and ongoing fees.
Find a suitable loan for your situation
After assessing your objectives and financial needs, your mortgage broker will search from over hundreds of loan products from many different lenders, including major banks, smaller banks, credit unions and other lenders.
We constantly update our data base and search for the latest deals from the lenders so we can pass on the best rates and benefits to you.
Occasionally we have access to some VERY exclusive loan products which are not available elsewhere.
Our sophisticated software helps us provide comparison tables so you can make an informed decision and we will recommend a product solution for your needs.
We will also provide you a copy of the lenders comparison rate. Comparison rates include both the interest rate and fees and charges relating to a loan. It will help you identify the true ” COST ” of a loan.
This makes comparing loans easier!
Manage the process
When you are comfortable to proceed our Mortgage brokers will help you to complete the necessary paperwork and liaise with the lender on your behalf. This will include the completion and submission of your loan application and the on-going communication between all parties until your home loan is approved and settled.
We take out all the hassle for you and make it a fuss free process!