What is a mortgage broker?
To put it simply, mortgage brokers help their clients (that's you!) choose and secure a home loan that's right for them.
Here are some of the key things we focus on:
- Assess and analyse your finances
- Determine your borrowing capacity
- Show you suitable loan options that match your financial situation
As mortgage brokers, we must act in our clients’ best interests and have the added benefit of comparing loans from a variety of different lenders.
Once you decide on a home loan, we'll submit the loan application on your behalf, organise all of the relevant paperwork, and liaise with the lender throughout the process, right up until settlement and beyond.
We can guide you through the various loan options available to you and will strive to make the purchase of your new property, or refinance of your current property as smooth as possible!
Do you charge a fee?
No, you won’t pay for my service. I receive remuneration from the lender once your loan settles.
How much can I borrow?
This depends on a range of factors including your income, dependants, savings/deposit, eligibility for government grants, living expenses, existing loans/credit cards and the current interest rate. Borrowing capacity also varies lender to lender. You’re best to reach out to discuss your options, I’m more than happy to go through them with you. I have included a series of calculators on my website which will give you an estimated borrowing capacity.
How can I increase my borrowing capacity?
Other than increasing your income or reducing your living expenses, the simplest way to increase borrowing capacity is to reduce debt. Having a credit card with a $5,000 limit can reduce your borrowing capacity by over $25,000 whether it has anything owing or not.
