Getting you the best deal
Buying a home is one of the biggest investments you’ll ever make, so it pays to do your homework before choosing a lender. But with so many choices out there, comparing interest rates, loan features and fees is time-consuming and confusing. Good thing you found us.
Before you hit the home opens and race to the auctions, you need a realistic idea of how much you can borrow so that you can go house hunting with confidence.
The amount you can borrow, or your borrowing capacity, depends on a handful of factors. Here’s what the banks look for when assessing an application:
- Your monthly income
- Your total monthly debt repayments
- Your total monthly expenses
- Your credit score
- Your deposit or other collateral
Any one of these can affect whether your loan is approved or denied, for example, a default on your credit file, low deposit or not declaring all your expenses. Plus, most lenders want to see a secure and stable income of at least 6 – 12 months.
But that’s where we come in. With direct access to the banks’ credit departments, we can negotiate terms and policies specifically for you. Like having the employment longevity requirements reduced or waived. In fact, we have access to lenders that will do default/bad credit loans, low deposit loans and also one day in employment loans if you’re in a strong position.
So even if your circumstances are less than perfect, there are options open to you. You simply need an experienced broker on your side.
More than the asking price
You may be able to afford the asking price of the property you’ve fallen in love with, but there are extra costs you need to factor into your purchase: lender mortgage insurance, stamp duty, legal costs, application fees, solicitor fees and inspection fees. And moving costs.
You also need to consider the loan structure, in other words making sure you have access to all the features you need, like an offset account or redraw facility.
Brokers you can trust
Because we have access to the entire loan market, not just a panel of selected lenders, we will find the best option for you, whatever your situation. Plus, we make the entire process easier and less stressful by taking care of the mountains of paperwork and making sure your application is complete before submitting.
Even more importantly, as ex-bankers we’re fluent in bank and human speak which means nothing gets lost in translation when we negotiate on your behalf.
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