Our core service of consulting on and arranging mortgages remain free to you as a client as we are paid by the lender at no extra cost to you, which means that if you were to go to a bank directly you would not get any better interest rate. Read below for advantages of a mortgage broker.

Why a mortgage broker?
Today's consumers no longer believe that all mortgage products are much the same. They want a better home loan, and they're getting it - from mortgage brokers.

Currently it is estimated that almost 70 % of home loans are written by mortgage brokers which is a tremendous jump from just 9 % in 1997. It's a remarkably rapid evolution, but the 'whys' are straightforward : 

• Australia has one of the most competitive home loan markets in the world and that has encouraged lenders to develop products that are better than their competitors' by fine degrees in very specific customer situations. The result is a huge range, with individual products best suited to increasingly specific groups of customers.
• When you throw in banking jargon and benefits phrased in different ways, it becomes impossible for most people to decipher what's ideal for them, whereas the broker is trained and qualified to know what's available, week by week, and why any one product work better for whom. The broker makes sense of the tangle.
• As lending institutions become more specialised and automated, mortgage customers are seeking the personal attention and advice of brokers. If certain customers are precluded by guidelines from one product, the broker will find them a better one for which they qualify. If refinancing has been too hard, there's now a simple fast track. The broker is in the customer's corner.
• Clients do not pay for broker services. Financial institutions pay brokers instead of carrying the fixed costs of marginal or loss-making retail presence. This gives the lender better bottom-line control, the broker a constructive livelihood, and customers the service and independent advice they're seeking without penalty. All three groups gain value

Borrowing Capacity Calculation:
There are many calculators on the website which give a general idea on borrowing capacities however we advise you to consult us as borrowing capacity varies between lenders and product. For example for a couple with 2 children earning $ 50000 and $ 60000 gross income and credit card limit of $ 5000 the borrowing capacity will range from $ 416000 to 961000 depending on the lender and product. Lenders policies keep on changing regularly however we update our real time software to reflect these changes and can advise you accurately.

Of course borrowing capacity would also depend on what percentage of the loan to value (of your property). Certain lenders would allow you to borrow upto 106 % of the value of the purchased property however in most cases lenders can go up to 95% of the value of your property. Rules can change depending whether you are purchasing or refinancing ! Thus it always helps to talk to us to ascertain your borrowing capacity of your situation.

Loan Structuring:
The cheapest interest rate may not necessarily be the best one for your needs hence a well structured loan would save you costs in the long run. There are various ways in which loans can be structured to suit individual needs. For example if you goal is to reduce your mortgage faster at the same time reduce the risk of interest rate increase then we can offer a ‘ Reducible fixed rate loan’ where principal reductions can be made with any extra repayments in the fixed term. Another example is if you are a small business owner with equity in your property ,we can structure a line of credit along with your home loan to extract the equity in your property which can be used for your business working capital or investments.

Pre-approval to settlement:
We strongly recommend a pre-approval prior to putting down a holding deposit on a property .A thorough pre-approval backed up with sound documentation can ensure that the loan will not be rejected by the lenders mortgage insurers at the time of property purchase . This can save enormous time and stress . Another advantage is that a pre-approval letter can be used as a tool for negotiating a good price from the real estate agent. Several property transactions fail due to the loan being rejected which consumes a lot of time and effort of the real estate agent. Thus a pre-approval gives the real estate agent that the transaction will not fail as the finance is pre-approved.

Zero Cost refinancing:
For large loans over $800000 we can offer to subsidise the cost of switching from one lender to another to save on interest rates. This would depend on case to case and you can consult us for the latest offers.

- Borrowing capacity calculation- Loan structuring- Pre-approval to Settlement- Zero cost refinancing- Investment properties, Negative gearing- Valuation services- Buyers agent Deposit bonds-Quantity surveyorsLegal and conveyancing services , Building and pest inspection - Property reports