Can a Mortgage Broker Bundeena help me?
Visiting bank after bank and wading through an overload of home loan product information is a difficult and time consuming exercise, so this is where the services of a mortgage broker are worth their weight in gold. Not only will your mortgage broker utilise their knowledge, expertise and experience to recommend appropriate products, but they’ll also see your home loan application all the way through to settlement and ensure the process is efficient, timely and stress-free.
Why Use A Mortgage Broker?
That’s right, as mortgage brokers we work for you - but get paid our commissions from the lenders when your loan settles. This comes in the form of an upfront fee and a trailing commission, both of which are calculated as a percentage of your loan amount and the percentage paid may vary between lenders.
Fast approvals.
Every Your Local Finance mortgage broker is backed by our comprehensive software and technology systems that instantly assess your needs against thousands of home loans. With updates received daily, compare and contrast every detail to identify the loan that meets your needs best. We can also upload your application directly to the lender for fast and efficient approvals, usually within 24 hours.
Your Borrowing Capacity.
The amount of deposit required varies from person to person and is dependent on your borrowing capacity, the value of your purchase and the other costs involved such as stamp duty, legal fees and Lenders Mortgage Insurance. Generally speaking however, you need a deposit of at least 5% of the property’s value.
When you engage the services of a Your Local Finance mortgage broker, your dealings with us are entirely transparent. For instance, all commissions we receive from lenders in return for referring your business are fully disclosed to you during the application process. Should you have any questions regarding our remuneration, we are more than happy to discuss these with you.