Loan Market Mortgage broker servicing Banksia, Bellara, Bongaree, Woorim, Whitepatch, Sandstone Point, Ningi and surrounding areas
My goal is to supply you with a hassle-free old-fashioned service. I understand how daunting purchasing property can be and aim to help you understand everything that will happen throughout the process.
Most importantly I want to make you a client for life, I want to be the first person you think of when you are looking for finance, just like I want you to be the first person I think of when there are interest rate reductions, new products available or anything that will ease your financial burdens or increase your financial opportunity.
Your home is the biggest and most important asset you will probably ever own. With so many memories and good times that are associated with owning your home, why would you let your loan turn your most loved asset into a burden. Let me help you get the right loan for you and your family through a hassle-free process.
Loan value Ratio (LVR) & lenders mortgage insurance (LMI): How will they affect my home loan?
The other thing to keep in mind is about the LVR - LVR shows what the house is worth compared to what you borrow - so if your purchase price was $100,000 and you borrow $90,000, your LVR is 90%.
Savings is the amount of contribution that the customer is making towards the purchase of a property. Genuine savings is a 5% portion of the savings that is usually required if you are borrowing more than 85% of the purchase price. Genuine Savings is where the customer shows evidence of regular savings over 3 months.
What is a credit score and how does it affect me?
The most competitive rates for most lenders are offered to clients with a higher credit score. This means clients with a lower score may pay up to thousands of dollars extra in interest or may be turned away all together. So what affects this number and what can you do to help it?