Using a Broker

No one likes paperwork; however, providing your broker with the right documentation will save you time and money. What information will your broker ask you to provide? When you ask to enlist the services of a broker, they will probably ask you for the following documentation: Identification, including photo ID such as driver licence Income verification documentation such as recent payslips Birth certificate, if you are applying for a government funded first home owner grant Depending on the lender or bank you would like your broker to apply to for your loan, you may also be asked to provide: A recent PAYG summary A notice of assessment from the Australian Taxation Office Tax returns Proof of your contribution toward the transaction, such as savings
Getting a foot in the door of your dream home might be getting harder, but talking to a mortgage broker could get you the keys more quickly. Purchasing a property in today’s housing market is not for the faint-hearted. Would-be homebuyers have only to turn on their TV – or check Facebook or Twitter – for the latest news informing them that their dream home is slipping further out of reach. When you add in the challenge of sourcing the right loan, first homebuyers can be forgiven for thinking twice about taking that first step on the property ladder. But the truth is, it’s not quite as hard as you think. Research has shown that mortgage brokers are helping buyers with over 50 per cent* of all new housing
So you’ve decided to partner with a mortgage broker to smooth your first – or return – entry into the world of property, mortgages and loans. But before you choose your mortgage broker, it’s worth understanding the value they bring to the lending equation, and also how their commission structure works. After all, if you’re not paying the broker for their service and advice, who is? What can I expect from a mortgage broker? A mortgage broker will work with you to understand your goals and objectives, as well as your borrowing capacity, and will help you secure a loan that meets your needs from a panel of lenders. This includes reviewing a range of loan products, negotiating with panel lenders on your behalf
Mortgage brokers have expertise in residential home lending and other property loans. They can also play an important role in helping businesses find and secure commercial and asset finance at competitive rates, by leveraging their network of lending institutions. With so many lenders and products to choose from, it’s important to get the right business funding mix from the outset. Many brokers have a deep understanding of the commercial sector and the wide range of products available. They’re well placed to identify the most appropriate financing structures for you, based on your type of business and specific needs. At Conquer Finance, we are experienced, Business Finance specialists and here are some advantages to having us manage your commercial and asset finance requirements : Managing
Because they can save you time and money. As the home loan market becomes increasingly complex, more people are turning to finance brokers. Here are some of the reasons. Finance brokers can save time The choices now available in the mortgage market can seem limitless and completely overwhelming. You can choose to research the subject, the lenders and their products yourself, or work with a finance broker who already has that knowledge. Finance broker gives you choice All finance brokers have a panel of Lenders from which they recommend a loan. They have to become accredited with the lender to offer their product, and are required to keep up-to-date with their latest offers. Finance broker can help find the right loan The best deal is not necessarily

Join our mailing list

Get the latest updates and news from Conquer Finance.

  • This field is for validation purposes and should be left unchanged.

Categories

Recent Posts

FREE COMPREHENSIVE LOAN GUIDE!

Looking for a better home loan? Want to purchase as a first home buyer? Or looking at investing in property? Join our mailing list and download the relevant comprehensive loan guide today!

The FREE PDF guide will be emailed to your address.
If you would like to be contacted please include your mobile number and we will call you.
Please choose the relevant guide
This field is for validation purposes and should be left unchanged.