Big city bank or a mortgage broker Burnside?

Rather than spending hours trawling through the mortgage products offered by various lenders, interpreting complicated financial jargon, and deciding on which home loan best suits your needs, your mortgage broker can do all of that for you – free of charge! Not only will you save your valuable time and energy, but the experience, expertise and lender contacts at your mortgage broker’s disposal will ensure you get the best home loan deal. 

How can a mortgage broker help?

We know that buying a home can be a competitive business, and you can’t afford to wait weeks for finance approval. In most cases, we can get conditional approval from the lender of your choice within 24 hours of lodging your application. So there’s no wasting time.

An independent position.

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.

We are committed to serving the best interests of our clients at all times. This may mean recommending to a client that they delay their home loan application until more of a deposit has been saved to ease the pressure of high repayments. The fact is, no two borrowers are the same and we assess every set of circumstances individually in order to determine the best course of action to take.