Mortgage Broking

Financing Your Australian Property

When you decide to buy a property in Australia and need finance to fund the purchase, there is much for you to consider.

It can be very time consuming and confusing trying to review and assess the many loan types, policies, rates and lenders on offer, so it’s hardly surprising that more than 40% of home loans in Australia are now arranged through a mortgage broker or mortgage adviser.

The mortgage adviser’s role

A mortgage adviser works for you – not the lender – and it is their role to explain the home loan features and ensure the structure of the loan is right for you.

A quality mortgage adviser will work with a panel of at least 25 different bank and non-bank lenders, each of which have been chosen for their leading loan products.

Good mortgage advisers are well informed of the lenders’ ever-changing policies – not only where to find great home loan deals, but also which lender will accommodate your unique personal circumstances.

All the information needed to tailor a home loan solution to your needs is available to them and they can help you to understand the deals on offer, and explain the features and details that can make a big difference to your repayments.

Banks insist on strong and well-presented home loan applications, so the advice and guidance of a mortgage adviser can be invaluable.

Your mortgage adviser will help you complete the loan application form and professionally package your application with all the supporting evidence. Then they will lodge it, often electronically, with your chosen lender and manage the entire application process right through to settlement.

Finding the right loan for you

After discussing your individual situation, a mortgage adviser will use specialised software to identify a selection of suitable loans.

With access to the lending criteria and rules of a large range of lenders, a quality mortgage adviser can provide you with the details of the home loan that is right for you and your unique circumstances – and you don’t waste time applying with a lender who will assess you less favourably.

It’s a quick and easy process and your mortgage adviser will help you compare loans to find the one that will suit your needs. They will then explain all the features, benefits and costs – including your repayments.

Long term planning is just as important as getting a great loan. A quality mortgage adviser will be concerned about finding the right loan to meet your needs now and into the future – finding one that’s going to suit your new life in Australia.

Value-add services

A quality mortgage adviser will do much more than help you secure your home loan.

They are able to access data that can give you extensive information about a particular property that you may be considering buying, as well as its sales history. They can also give you an idea of what’s happening with property in specific areas you might be interested in living in, assisting you to make an informed decision.

They will also be able to put you in contact with their network of trusted referral partners – such as real estate agents, conveyancers/solicitors, builders and accountants – who can assist you with your various property needs.