Big city bank or a mortgage broker Yarraville?
Finding the right mortgage can be a daunting process. First you need to contact all of the banks and non-bank lenders, compare and contrast their products and then make sure you understand all of the conditions and fine print. With such a major time investment involved, its no wonder that more and more people living in Victoria are turning to mortgage brokers like Your Local Finance to track down the best home equity loan rates.
Why choose a local mortgage broker?
A mortgage broker assists a broad range of clients to obtain finance:
- variable rate home loans
- 100% home loans
- split home loans
Whatever your requirements, we’ll take the time to understand your individual financial situation and provide whatever assistance we can.
It’s all about good service.
In such a competitive mortgage market, you deserve exceptional service that makes the process of getting a home loan fast, stress-free and satisfying. Our expertise and experience combined with cutting edge software mean we can provide accurate comparisons and assessments of thousands of home loan products, before submitting your application via our online facility to ensure your approval is processed as quickly as possible.
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.