Mortgage

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Mortgage2017-08-01T01:31:19+10:00

Mortgage

There is a broad range of loan products and features in the marketplace that may seem overwhelming to you. A mortgage broker will be able to:

Assess your financial circumstances
Find a suitable loan for your situation
Manage the application process
Provide advice at every step

The industry of mortgage broking is changing. In early 2010, the National Consumer Credit Protection Act, was established to protect borrowers and ensure ethical and professional standards in the finance industry

A key protection for consumers under the NCCP, are the responsible lending obligations on mortgage brokers. The objective of these obligations is to ensure that the credit contract or lease is ‘not unsuitable’ for you, the consumer.

Mortgage brokers and banks each have their own unique benefits and disadvantages. If you already fall within the traditional view of a “good borrower,” a bank can give you a good loan if you know what to ask for. This is especially true if you are already a customer of the bank itself. If you fall under the traditional “good borrower” category, you should have established credit with an identifiable pattern of paying off debts. Existing credit in good standing with the lender will greatly boost your chances of being granted more credit.

If you don’t fit the mould for a traditional “good borrower”, or you aren’t very knowledgeable in loans and don’t know what a good mortgage looks like, and don’t have time to compare loans, a broker will probably work very well for you. Brokers can also be a great choice if you happen to prefer a more personalised approach to your banking services. They can act as a go-between, sorting out issues between you and your lender directly.

We are pleased to provide you with your initial consultation free of charge.
Call us today on 02 9264 7122 for your complimentary, obligation-free, taxation health check.