Did you know:
45% of the Home Loan Market doesn't know what a Mortgage Broker does? & 52% are anxious about getting a loan?
Yet over 50% of the Market (and its growing) use a Mortgage Broker for all new Residential Home Loans. Gone are the days were you can just walk into the Bank and walk out with a great Home Loan. Its simply not just about "Rate" anymore. There is so much more involved and a Mortgage Broker is there to find the right loan for you, provide advice, expertise and knowledge on structure, lenders and Bank policy to match your personal needs and requirements.
And 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, the lending environment is now more complex, personal circumstances are different just like lenders policies are different.
With a Mortgage Broker - its all about you!
Are you: Self Employed, PAYG, Casual, Contract Worker, on a Probation or Changed Jobs?
Do you: have different types of income such as rental income, dividend income or Centrelink income? A different policy applies to each of these situations.
If you are thinking about buying a property, a new home, investment or simply want to refinance; maybe you'll head straight to your local bank and make an inquiry? Wrong!!
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 lending 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. And what will happen to your Credit Score?
This is exactly why you should be talking to a Mortgage Broker First!
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 Conveyancer 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 professionals also engaged in your property transaction; ultimately saving you time.
From first consultation, through to settlement and beyond, 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.
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.
How can TMFG help?
Speaking to an expert can help you understand the wide variety of loan features and help you make a more informed decision. A mortgage broker is able to recommend loans that will best suit your personal and financial circumstances, and walk you through the process from start to finish. TMFG are by your side every step of the way, making the process clear and simple. Whether you have a property in mind, or just beginning your search, talk to us about your finance needs today!