Mortgage Advice

The importance of a knowledgeable mortgage broker has come sharply into focus in recent times as the property landscape continues to be in constant flux. With regulatory changes from both state and federal governments, as well as banks operating independently from the Reserve Bank it would be easy to miss the best products and deals without a mortgage broker by your side. 

Let us compare loans from over 30 lenders and help you save

Our fully accredited mortgage brokers can quickly compare loans from over 30 lenders to find you the best deal. In just a few simple steps, we can determine your eligibility and work out the best fit for you.
We can work around your schedule and arrange to meet with you at your office or at home.

Why use a Mortgage Broker?

When it comes taking out a home loan, it can be tempting to simply go to your bank - after all, you have a good relationship with them, don't you?  You already have several accounts set up with them,  as well as a credit card, so why not your home loan?

But if you go down this route, then you may be missing out on some significant benefits. There are several important reasons why it pays to use a mortgage broker for your home loan, and even if you decide to stick with your own bank, then at the very least - use a mortgage broker to negotiate a better rate for you!

  • Choice

    With access to over 30 trusted lenders, our mortgage brokers are up to date with all the deals and offers from all the lenders. Every situation requires a tailored response and our mortgage brokers will sit down with you and examine exactly what you require in order to find the right product for your circumstances.

  • Dedicated (one on one) personalised service
    Our qualified mortgage brokers will manage the whole process for you and will go the extra mile just to make sure that your questions are answered and your lending needs are met. They have access to a range of products and services, government grants and incentives.

  • Convenience – at your service

    Taking out a home loan is going to be one of the biggest (most complex) purchases of your life. It is important to have someone by your side that can do the heavy lifting for you; take care of all the information-gathering, chasing up, comparing, consulting, and analysing. You also need someone who can meet you at a time and place that suits you. Who will follow up with you throughout the entire process, ensure you are keeping on top of when forms are due and what the next steps will be.

  • Obligation free and there is no charge for our service

    We don’t charge you any extra fees for our service. Who says quality has to come at a high price? 

So what happens when you talk to your mortgage broker? What should you bring, what should you ask and what should you expect? All those questions are answered here.

1. Assess your needs and your borrowing capacity 

At your first meeting, your mortgage broker will assess your current circumstances, financial situation, and objectives, based on all the information you provide. Afterwards, we’ll be able to determine exactly the kind of assistance you need. 

2. Recommend some mortgage products

Your broker will then use a specialised home loan calculator to determine which of our 30 lenders could provide the best home loan deal for you. This will also include an assessment of the loan amount, loan-to-value ratio and determine if you require an investment loan or an owner-occupier loan, depending on your needs.

The broker will also go over what fees you can expect to pay such as application fees, stamp duty, government charges and any conveyancing fees.

3. Negotiate on your behalf with the lender of choice (even if it's your current bank) 

Your broker will find you the best deal and where possible negotiate directly with that lender for the best possible rate. Once you’ve made your choice, your broker will be guided you through the process of applying for a home loan through Collins. 

4. Arrange all the paperwork 

There is a significant amount of paperwork required when applying for a loan, including some key pieces of compliance documentation that must be completed and signed correctly in order to proceed to the next step.

It is at this point that the broker may recommend a PRE-APPROVAL which can give you the confidence to start looking for a property - as you will know your limit.

5. Support at each step along the way

A home loan is a complex beast and so you will need support and guidance along the way. They will be available to answer queries that you may have. 

Under the National Consumer Credit Protection Act (NCCP), a mortgage broker is required to undertake a range of compliance steps to ensure they are keeping your best interests in mind. These include:

  • consider your goals and requirements, including your financial situation,
  • ensure that you will be able to service the loan by determining your borrowing power and ensure you are not at risk of financial hardship,
  • disclose any commissions and fees to be paid.

So please don’t hesitate to ask your mortgage broker anything about the whole procedure. With a wide range of expertise regarding loan-related matters and substantial (and practical) experience, our brokers are here to help you out to the best of their abilities.

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