Why use a Mortgage Broker Padstow Heights?

Greater choice gives you more options when it comes to choosing your home loan. Before mortgage brokers, the big banks could dictate the interest rate, terms and conditions of all their loans and few people had the time to shop around for a better deal. But that’s all changed now.

Independent mortgage brokers have forced lenders to offer more competitive products. Your Padstow Heights mortgage broker is a home loan wizard who will do all of the research to find you the best deal from hundreds of loans. They’ll help you with the paperwork and all of the administration requirements right through to settlement.

How can a mortgage broker help?

When it comes to processing your home loan application, our service is second to none thanks to a fast, efficient back office team that supports your mortgage broker and ensures you receive your unconditional loan approval as quickly as possible.

It’s all about good service.

 Your mortgage broker has a panel of over 35 lenders to choose from when selecting your loan product and since we don’t have a preference for one lender over another, you can be assured our recommendations are independent and unbiased. Furthermore, should you require any legal, financial planning or tax advice at any stage during the home loan process we’ll direct you to the appropriate professional for assistance.

How does a mortgage broker work?

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.

Your Local Finance uses a proven, systemised loan process. After analysing your needs and current situation, we will recommend products that will meet your needs, at no cost to you. We are paid a commission by the lender once the loan is approved, but will never make our recommendations based on these remunerations. We back this up with a detailed explanation and report on why we are recommending certain loan products, as well as a list of the commissions we receive from various lenders, so you know exactly where you stand.