Services

FINANCIAL BROKERS

Whether you are buying a property for yourself to live in or property to rent as an investment, unless you have cash on hand to complete the purchase you will need to borrow money on a home loan or investment loan basis.

In general if you have stable employment, the required level of equity and a good credit rating most home loan lenders will be interested in making an offer of finance to you. But how do you know if you are being looked after by your home loan provider? Is the loan product you are being offered the most appropriate for your circumstance? A lot of media attention is focused on the cheapest interest rate rather than the requirements a borrower may have and the features of different home loan products. It is only through a careful analysis of your requirements and what you desire in a home loan/ investment loan product that an appropriate loan product can be matched to your needs. In a market place of literally hundreds of home loan lenders how can this be achieved?

The mortgage broking industry has grown at an exceptional rate in the last 6 years. Mortgage Brokers in general are experienced finance industry professionals, many of whom have long banking industry backgrounds and know the industry intimately. A mortgage broker can provide you with knowledge and experience to assess the different lenders offers and which loan from which lender may be appropriate for your needs.

Advantages of engaging a Mortgage Broker should include:

 A professional and personalized service to facilitate your loan application from through to settlement.

 Ability to assess the offers of a wide range of lenders without the need for you to personally shop around.

 Access to more highly qualified bank staff through the mortgage broker to meet your needs.

You should ensure that the broker you deal with is a member of the Mortgage Industry Association of Australia, the peak industry organization. Make sure you are comfortable with information and direction being provided by the mortgage broker you talk to and if you are not totally satisfied be prepared to discuss your needs with others. A good mortgage broker will welcome the opportunity to be compared within the industry.

Contact us for advice in relation to these matters.