Some people are far more capable than they thought, they should’ve got onto the property ladder and purchased a house ages ago. And some people require a bit of work to get where they need to go before they can apply. With either situation, our advice is always to reach out early, because a lot of the work is in the setup.
It’s a terrible thing to fall in love with a property only to find out that you need to do six months of work before you can make a mortgage application. The key is to understand what your capability looks like. A half-hour conversation on zoom now is worth so much time – either getting to the end goal quicker or getting your ducks in a row faster.
Buying a home can be a complicated process, especially if it’s your first time. A mortgage broker should be your first point of contact because we provide free, ethical advice. We can analyse your financial position and let you know what the next steps are.
You used to be able to walk into a bank and walk out again with a loan approval. But there are so many conditions, you might not understand what you’ve just signed. A mortgage is a good debt, an investment in your future, and with a long timeframe, you want to get it right from the start.
We do not charge you any fees for our service, we are paid by the lenders. And no, we don’t just use the one that will pay us the most – because we know that to be successful, you need to be successful. So having the right terms, conditions, deposit, rate, etc, is what will get you to your end goal quicker. Then, like all our clients, come back to us again for your next property investment.
Hundreds of thousands of dollars is no small thing. So it make’s sense to get some professional advice before signing up to that much debt!
A good mortgage adviser is there to take the hard work out of securing a mortgage – we’re there to take you on the direct route to owning your own home. We stand between you and the banks – the paperwork, the loopholes, the hold-ups – to take the heavy stress off you. And because we’re paid via the banks, our help almost always comes at no cost to you.
The size of your mortgage matters of course, but the conditions, well they’re just as important. Payback rate, break periods, interest-free options, fixed or floating, payment flexibility – it all affects how you pay back your mortgage.
