Loan Market Mortgage Broker servicing Adelaide, Unley, Wayville, Kurralta Park and surrounding areas
Securing your home loan can be daunting especially when negotiating directly with your bank on your own. By talking with me, most of the legwork is done for you. With access to 1000's of loan products from a wide panel of banks and secure lenders, think of me as your insider, who can take the “pain” out of the process.
For something as major as your home loan, it is important to know what benefits a mortgage broker can provide you instead of going directly to the bank. As a mortgage broker with Loan Market, I have access to over 30 lenders you know and trust as well as 1000 different loan products. I can assist you with owner occupied loans, investment loans, buying your first home, construction loans and guarantor loans.
First Home Buyers
Buying your first home can be very daunting but exciting. I will assist you through the whole process, from our initial meeting, where I will go through all aspects of your loan and any questions you may have. The most commonly asked questions being; how much deposit do I need? How much can I borrow? How does the first home owner grant work?
The most important thing to ask yourself when you’re considering refinancing is; will this put me in a better position? I can go through the sums and costs involved in changing home loans, if it's going to put you into a better position, then why not? As a mortgage broker with Loan Market, I have access to over 30 lenders and over 1000 products. If you’re happy with your current bank there may still be an option through them that you aren't aware of.
Put simply is the capacity to finance the purchase of assets for the self-employed, small business owners, contractors. Asset finance can be much easier to get approved and have much lower interest rates.
Reviewing your home loan options when you already have a mortgage may feel like it belongs in the too-hard basket. But it could save you a lot of money. Whatever your goal, a home loan health check could show you ways to save money and be in better financial shape. Working with you, I can assess your current situation and existing loan arrangements to see if your home loan is still right for you, or if you could benefit from looking at other options. So in a nutshell, by arranging a home loan health check you can be confident your finances are as healthy as they should be.
What are Genuine Savings
Banks and lenders all have different criteria for assessing and allowing you to use certain money for your deposit. The larger the deposit you’ve saved, the better chance a mortgage broker can negotiate you a lower interest rate or get fees waived. Generally, most banks require a 5% 'Genuine Savings' for your deposit. It may take you a little longer, but saving a larger deposit can help you borrow more. You'll have more equity to use when buying your home. At the same time, having a larger deposit will also show your lender you have the ability to save.