Andy Mcgorlick
Mortgage Broker Frankston, Cranbourne, Carrum Downs
If you need a plumber, there are two things you want to know about them: that they will do the job well and that they won’t rip you off. When you find people like this in any industry, they are gold! It is no different when it comes to home finance. Unless you have the time to fully educate yourself on the subject, you are going to need somebody to assist you when the time comes to arrange property finance. Whether that be a broker or bank manager, the key is to find someone you can trust – someone capable and with integrity. I believe I am one of those brokers. But don’t just take my word for it; listen to what my clients say – “well informed”, “professional”, “goes the extra mile”, “prompt”, “genuinely care”, “outstanding service”, “personal”.
First home buyers
Buying your first home can be a daunting prospect. Not only will I help you find an appropriate loan for your situation, including if you find yourself with little or no deposit, but I will also assist you through the home loan application process and help you with applications for state and federal first home buyer grants and concessions. I have a knack for explaining complex concepts in simple and easy-to-understand language. And if you need helpful information about the real estate industry, I have great knowledge, experience and professional contacts for you to draw on.
I highly recommend Andy at Loan Market. Thanks to Andy I now own my first property, and will be sure to call on his expertise with my next property purchase.
Blake, Frankston
Home loan for owner occupiers
Having access to every major bank and secure lender means that I can provide you with product and policy options that really suit your situation, and not just what the bank has. This can be particularly useful if your situation is a bit outside the square, like some clients of mine, Tim and Lucy.
Tim and Lucy wanted to buy a family home, but Tim had only just started a new job and his existing bank would not lend them the necessary funds until he finished his probationary period. Instead of waiting three more months to stay with their existing bank – missing out on the house they wanted in the process – I instead secured them a home loan pre-approval with a different lender. When they purchased a short time later, they required a loan of 85% of the purchase price. This would normally require mortgage insurance, however, I knew a third lender that would waive the mortgage insurance up to 85%. Using this knowledge, I was able to negotiate with the lender with whom Tim and Lucy were pre-approved to get them to waive the mortgage insurance of around $5,000.
Investment loans
I often encounter investors who have not structured their loans to suit their investment objectives. Some are paying too much interest, some are paying too much tax and some are paying too much of both. There are a number of loan features that should be considered when establishing (or refinancing) an investment loan or loans, and I can assist you in determining the appropriate structure and features of your investment loan.
If you have an existing investment property, or are looking to purchase a new one, I can assist you to ensure your investment loans are structured to suit your investment goals and current financial situation.
Thank you Andy for all your help with the purchase of our investment property. Thanks to you the process was smooth and hassle free for us, especially as first-time investors. It was great to have someone take care of all the “stuff” in relation to the finances, and to know that whenever we had a question all we had to do was ask. You genuinely care about the people you deal with and we would highly recommend your services.
Jerome and Ruki, Endeavour Hills
Lenders Mortgage Insurance (LMI)
Normally when you borrow more than 80% of the value of a property, your lender will charge you mortgage insurance (this is a once off fee that protects the lender against loss, not you). However, there are a number of strategies that can be used to minimise mortgage insurance or even to completely avoid it. Talk to me about strategies to help save mortgage insurance costs.
Plain english home loan service for borrowers
Home finance can be very confusing. There are so many different options, concepts and things to consider. That’s why a broker who can lead you through these things is so valuable. I can explain the following in simple English:
- basic home loan products
- professional packages
- low doc (short for low documentation) loans
- no doc (short for no documentation) loans
- commercial lending
- bridging or relocation loans
- line of credit loans
- fixed rate vs variable rate – the advantages and disadvantages of each
- interest only vs principal and interest repayments
- use of a guarantor
- loan portability
- comparison rate vs interest rate
- fees and charges including application fees, settlement fees, legal fees, ongoing fees such as account keeping fees or annual fees, redraw fees
- loan repayment amount
- loan to valuation ratio (LVR)
- lenders mortgage insurance (LMI)
- repayment frequency options (weekly, fortnightly or monthly)
- interest in advance repayment options
- split loans
- redraw facility
- offset account
- early repayment fees or deferred establishment fees (DEF)
- direct salary crediting
Home loan service that is second-to-none
Nine to five doesn’t suit everyone, and my service reflects the needs of busy people. I provide the flexibility of after hours appointments and my phone is always on. I will complete and package your home loan application and deliver it to the lender of your choice – there’s no pressure, I give you the knowledge and you choose your lender. I then act as an intermediary every step of the way, so you are always informed. And if you need it, I will provide valuable ongoing information after your home loan settles on the home loan market, updates on products and any special offers that may be of interest.
We would not hesitate in recommending Andy to any prospective borrowers. He made the process very easy for us, explaining things simply and clearly and kept in regular contact with us throughout which was most reassuring. We felt very comfortable with Andy and through his knowledge of different lender’s policies he was able to save us $5,000 in mortgage insurance fees. Needless to say, we were very pleased with the outcome.
Tim and Lucy, Mordialloc
Business networks
Seanne at Sea Change Conveyancing
Finalinspect, building inspection
Peter Limburg, building and pest inspection
Melbourne Asset Management, property management
Alliance Corp, buyers advocacy
Geoff Shaw & Partners, accountants and financial planners
Qualifications
B. Business (Accounting)
Certificate IV in Financial Services
Customers South East Melbourne
Living and working in the south east of Melbourne, I regularly see customers from Mordialloc, Dingley Village, Keysborough, Aspendale, Aspendale Gardens, Chelsea, Edithvale, Seaford, Cranbourne, Langwarrin, Frankston, Carrum Downs, Skye, Glen Waverley, Mulgrave, Springvale, Dandenong and Noble Park.
Andy provided incredible assistance to us in finding the most competitive home loan rates for the purchase of a block of land & the re-financing of our existing mortgage. The whole process was very complicated due to a number of factors with the settlement date of the land and very time consuming on Andy’s part. Furthermore, my husband was overseas during the most crucial part of the process which complicated matters even more so as the loan was in both our names. Andy made calls to my husband overseas and arranged for signatures for documents via fax. Andy arranged for a courier to personally deliver the documents to the bank’s city branch as previous documents sent by post had been misplaced by the bank and we were so restricted for time. Furthermore, I worked late hours and Andy made a number of visits to our home way after business hours so the documents could be completed. He did all the time consuming parts of the process such as filling out what seemed liked a million forms. He would thoroughly go through the information with us & explain anything we didn’t understand before getting us to do the easy part – sign the documents. He is also very knowledgeable of all financial institutions who deal in home loans & provided us with the best possible option for our needs. He is very punctual, well informed & organised and made a very complicated & time consuming process a complete breeze for us. We are very grateful for all his assistance and know that we couldn’t have done this without him. We have no hesitation in recommending his outstanding services to any prospective home loan customers.
Shalveen and Cynthia, Keysborough
It’s nice to know that there are still individuals out there who are willing to go the extra mile to deliver great service – Andy is one of those individuals! It was a pleasure dealing with him, and he comes highly recommended.
Nicola, SkyeI felt very comfortable and I liked the one on one service – it was personal and you made it easy for us. I would use you again when we buy our next investment property.
Kevin and Antoinette, SeafordWe needed to add to our home loan but we were not sure how to go about it as we had a fixed loan. We contacted Andy and he came up with suitable solution with the same lending organisation. It was very quick and was not time consuming and it was set up conveniently. We both would like to thank Andy for his prompt service and professionalism to this matter. We also highly recommend Andy.
Simon and Karin, Parkdale
- State: Victoria, VIC
- Broker region: Melbourne South
- Suburbs: Frankston, Cranbourne, Carrum Downs
- Andy McGorlick provides mortgage broking services in suburbs including but not limited to: Mordialloc, Dingley Village, Keysborough, Aspendale, Aspendale Gardens, Chelsea, Edithvale, Seaford, Cranbourne, Langwarrin, Frankston, Carrum Downs