Finance Broking – Your Mortgage Broker
The quickest and easiest way to find the loan that is right for you
Choosing the right loan is a vital factor when investing in property or buying your own home. Given the number of lenders and constantly changing products however, this can be a difficult task. With our in-house Finance Broking service, you’ll have an expert at hand to help you make this important decision.
A mortgage broker who understands property investors
The
wrong loan could severely hinder your property investment plans. While the
interest rate of your loan is important, there are also other important loan
features. With our property investment expertise, we understand what investors
should look for in a loan. We will carefully explain to you the differences
between loans and recommend the loans that we believe are most suited to your
circumstances. We make the effort to understand your long term plans so we
don’t just find you a loan that fits you today, but one that will work for you
in the future.
Many lenders, hundreds of products
We can introduce you
to products from a range of leading lenders and give you an immediate indication
as to your total borrowing capacity, based on your current financial situation.
We have access to loans ranging from the simplest no-frills loans to
professional packages for sophisticated investors. Once you have chosen a
suitable loan, we will manage the application processes for you, saving you a
considerable amount of time and effort.
With more than 20 different
lenders in our panel, we can compare hundreds of different products and find the
most appropriate one for you.
Not just for buyers but for home owners
Reviewing your existing loans
Your loan may have been
right for you in the past, but is it still the best loan for you now? We
recommend that people review their loans every 12 months. It is especially
important when there has been a recent interest rate rise or if your
circumstances have changed. However, even if your situation hasn’t changed, many
new products are constantly introduced into the market that may better satisfy
your requirements. The wrong loan could be costing you thousands of dollars.
Accessing your equity
With the growth in property prices
over recent years, there is a good chance you have built up a considerable
amount of equity in your home. The good news is that you can easily access this
equity by refinancing your loan. You may wish to use this money to invest in
other properties, renovate your existing property or fund those lifestyle
purchases you have always wanted. Whatever your plans, we can help you access
the funds you need.
Self-employed or bad credit – no problem!
We’re happy to
help anyone, whether they work for an employer or are self-employed. We have
helped people in many different circumstances including those who have been
turned down by banks or who have had credit problems in the past. There is a
perfect product for everyone and it is our job to find it.
Read our Case Study #2.
No cost to you
The great thing about this service is that
there is no additional cost to you. In essence, the lender pays for our service.
When using our Finance Broking service it costs you no more than if you dealt
directly with a lender. The major advantage however is that you receive expert
advice and are able to select from a variety of different lenders.
Why use a mortgage broker
What is a mortgage broker?
A mortgage broker is a
professional who acts as a middleman between borrowers and lenders. The
primary role of a mortgage broker is to recommend the loans that are best suited
to a particular borrower. Comparing loans can be a difficult and tedious
task. A good mortgage broker understands the subtle differences between loans
and, importantly, how those differences will impact the borrower. A good
mortgage broker will also keep up-to-date with newly introduced loans and
changes to existing loans. Almost 50% of all borrowers in Australia now use a
mortgage broker. In the US that figure is already around the 60% mark.
Choice and expertise
Mortgage brokers provide you with
choice and expert guidance. They can offer you loans from a variety of different
lenders, and provide guidance on choosing the loan that is right for you.
If you went directly to your bank, your bank could only offer you the bank’s own
range of products.
A mortgage broker can save you a great deal of time. Without the services of a mortgage broker, you would have to run around to many different lenders, obtaining relevant information about interest rates, fees, and features, and then take the time to make an informed decision about which loan best meets your needs.
Saving you money
A mortgage broker can
also save you money by ensuring you pay low rates and minimal fees. A mortgage
broker may also be able better negotiate with lenders than you would be able to
as an individual.
Who pays? No cost to you
One of the great things about using a
mortgage broker is that the broker’s fee is paid by the lender not the borrower.
Typically this is a commission based on the amount borrowed.
Solutions for out-of-the-box situations
A mortgage broker
can be particularly helpful for people who may have a troubled credit history,
which makes it difficult for them to locate reasonably priced credit. Generally,
a mortgage broker will be able to locate a lender who offers these people better
terms than they can find on their own. Additionally, some people may want more
flexibility in the amount they are allowed to borrow. A mortgage broker may be
able to find these people a lender which, for example, will lend them money with
a lower upfront deposit.
Our Finance Broking service
is provided by Momentum Wealth Finance Pty Ltd Finance Brokers Licence 3170 (ACN
112 286 656 ABN 49 112 286 656).
Momentum Wealth Finance Pty Ltd is
a Full Member of the Mortgage & Finance Association of Australia.
