Loan Market Mortgage Adviser servicing Melbourne, Southbank, Flemington and surrounding suburbs
About Michael Sudarski
One of the biggest decisions many of us will make in life is deciding to buy a property. It can be a daunting experience and that's why it is important to have an experienced mortgage broker on your side.
There are plenty of great home loan deals around - the key is knowing where to look and who to ask. I am committed to finding the right home loan product for you. My aim is to help my clients achieve their dream of buying a home they can call their own. Every day I connect first home buyers and investors with the best products available to achieve this dream.
With more than 21 years experience in the industry I use my knowledge of the home finance market to help secure the right loan product for your individual needs and circumstances. I can assist you with any questions you may have about your loan and guide you through the process and will even help with all the paperwork.
At Loan Market Queen Street finding the best loan for you is only the start of our relationship. Customer satisfaction and exceptional customer service are of the utmost importance to us. We will always stay in touch with you to answer any questions you may have, or assist you should your financial situation change, or review your home loan at any time to see if it still suits your needs.
Home Loans in Melbourne
I have access to home loans from a wide panel of major banks and secure lenders, and I truly understand home finance in a real estate context. Getting your home loan sorted out early can ensure you are in the best position to negotiate for your home on your own terms. And while the home loan application process can seem daunting, it is often simpler than most people think.
Home Loan Deposits
Most banks and lenders will require a minimum deposit of 5 per cent of the value of the property you are purchasing, before they will approve you for a home loan. Depending on the lender and your individual situation, you may be able to fund your deposit from a range of sources, including genuine savings, monetary gifts, inheritances and first home owner incentives. However, most lenders will require at least a portion of your deposit to come from genuine savings.
If you don't have the deposit required, you may be able to make use of family equity, also known as a limited guarantor loan. The most common form of family equity is where a family member, offers their existing property as security for a portion of the home loan, generally around 20 per cent.
First Home Buyers in Melbourne
Buying your first home is both an exciting and overwhelming experience. You've found the house you love, but with so many home loan products on the market, shopping from bank to bank trying to find the mortgage that's right for you can be quite a lot to deal with.
Every day I connect first home buyers with the right home loan for their finance needs, I also answer any questions about the first home owners grant and other state concessions like stamp duty discounts.
We will help find the right product for you, explain how much deposit you require, and guide you through all the paperwork. We will keep you up-to-date each step of the way and will remain in contact with you years after settlement to ensure that your loan still suits your needs in the future.
Everyone was helpful and accommodating. We were able to buy our first home with no worries at all. As we were first home buyers there was a lot we didn't quite understand but the team at Loan Market took the time to explain everything to us, which we appreciated.
J and B Carroll, Carrum Downs, VIC
Home Loan Pre-approval
Home loan pre-approval is a great way to ensure you know how much you can afford to pay for a property before you even start looking. A written pre-approval can also give you an advantage when negotiating on a property with a vendor, as opposed to someone who has no pre-approval or finance in place. Home loan pre-approval is generally valid for about three months, and you will still need a satisfactory valuation on the property you intend to purchase before your pre-approval can progress to a full loan approval.
Everyone on staff was helpful, professional and always willing to help. No matter how many times I needed things explained they were always patient.
L. Skoda, Dandenong, VIC
Property Investment Loans in Melbourne
Property investment can be a smart wealth creation strategy, if you get it right. And that doesn't just mean finding the right property - you need the right investment finance as well. Your investment loan package should be tailored to your investment strategy and goals. I work closely with your financial planner and accountant to make that happen. Whether you are an experienced property investor with a big portfolio, or just starting out with your first property, I can help you get the right investment loan for your circumstances.
Michael's initial estimate was spot on and the mortgage was approved in an extremely timely fashion. Michael gave us the confidence to enter into an extremely uncomfortable property market. His advice and support over two years was way beyond expectations and we wouldn't go anywhere else for our mortgage needs!
A. Van Olst and B. Jones, VIC
There are many reasons and benefits of refinancing your home loan, and these are all based on your individual circumstances and needs and will require careful consideration. I can sit with you and review your current home loan and financial situation and determine if refinancing will be beneficial for you.
Reasons to refinance include:
- Secure a better home loan interest rate.
- Accessing equity in your home to allow you to renovate, invest in a new property or even buy a car or take a holiday.
- Consolidate debt and reduce monthly repayments.
I will take care of all the paperwork and will keep you up-to -ate with the status of your application, and once your loan has settled we will still be available to assist you with any questions you may have to ensure your loan is set up correctly.
Very professional and efficient service and the whole process was made simple. Pleasant staff who did all the leg work required and followed-up for a successful outcome.
R. Morse Blackburn, VIC
Debt Consolidation in Melbourne
Consolidating your debts such as credit cards and personal loans into one simple home loan repayment not only makes it easier to keep on top of your payments but will also allow you to save on fees and charges and reduce your monthly repayments to let you pay off your loans sooner.
Wonderful service, very helpful and took the pressure off. I got the best product for my finance needs. I had dealt with Michael many years ago and was happy for him to look after me again and I was very pleased I did.
L.Martino, Endeavor Hills, VIC
With access to a large range of lenders and products I am able to source the right loan product for your finance needs and unique lifestyle.
Business Loans Commercial Loans
Good business finance is invaluable when purchasing and growing your business. Business and commercial loan options vary depending on whether you are a start-up or existing business. Whether you are buying commercial property, undertaking property development, expanding your business or need some cash-flow funding, assistance from an expert commercial finance broker will be invaluable.
Low Doc Loans for Self-Employed Borrowers in Melbourne
Many self-employed borrowers need a loan that isn't quite standard, mostly because they don't have the full financial history required to get a regular loan. Low documentation, or low doc, loans fulfil the needs of many self-employed borrowers. You'll still need some financial history and paperwork - often about 12 months BAS statements and an ABN that has been active for at least 6-12 months.
Upgraders / New Property Buyers - Bridging Loans
Financing the move from one property to another can be quite stressful, especially if you are yet to sell your home - a bridging loan can help free up the funds that are tied up in your current property to purchase the next one. With a bridging loan, your lender will use both your current and new property as security and lend you enough to buy your new home.
While you are waiting for the sale and purchase process to be completed on both your current and new property, you make interest only repayments on the loan, or maybe even no repayments at all (referred to as capitalising the interest). Once you have sold your old home, the proceeds go towards paying off your bridging loan. The amount left over (known as the end debt) is then transferred to a standard home loan, becoming the home loan on your new property.