According to the MFAA today, mortgage brokers originated 53.7% of new residential home loans in the March 2016 Quarter, the highest percentage usage ever recorded. MFAA CEO Siobhan Hayden stated, “This broker Market Share record represents a milestone achievement that our members have worked for”.
And this is Residential Mortgages; Mortgage Brokers like TMFG, can also assist you with Business, Equipment and Commercial Loans.
I often get asked, “Why do people use a mortgage broker?”
It’s not a one size fits all Application, it you are like most people, you will head straight to your main Bank when you need a loan.
But if your personal situation doesn’t meet that lenders criteria, chances are your loan will be declined, and if you walk into the Bank next door with similar criteria, your second application could also be declined. You may also be missing out on selecting the Bank or Loan that’s best suited to your personal needs and situation.
For something as major a property purchase it is important to know what what your options are and what choices you have and the benefits of selecting one product over the other.
Time Poor?
Applying for a Loan can be time consuming, completing forms, providing supporting documents, following up your application process and keeping in touch with your Real Estate Agent, Solicitor or Conveyancing can really chew through your time.
Brokers deal with lenders on a day-to-day basis. They know what information is needed and how to stay in touch with the professionals also engaged in your property transaction; ultimately saving you time.
From first consultation right through to project completion, TM Finance Group will be by your side, following your progress.
A good broker will make the application run smoothly and without delay, following up the progress of your loan and keeping you informed throughout the process.
What will it cost me?
The service that a mortgage broker provides is usually at no cost to you, as the lender will pay the broker a commission after your loan settles.
Access to hundreds of loan products means that mortgage brokers are focused on getting the right loan for you; whilst also looking for the best deal, comparing offers, providing comparative rates and fees or selecting certain loan features that you require.
This means that you have access to an amazing service to get the best loan – and it won’t cost you a thing.
Why TMFG?
Not only can we help you with your Home, Business or Commercial Loan – but we believe in Helping the Community.
TMFG believe in 'social prosperity' and drive to achieve it by supporting charities, events and individuals, to create a better community. We do this by donating a set amount of income per month to our featured organisation – In June 2016 raised over $1600 for White Ribbon Australia.
For the month of August we are donating to Motor Neurone Disease Australia to help raise funds for research into the heartbreaking disease.
The key to financial success in any community starts with the prosperity of the community itself – prosperity not just relating to finance