A professional finance broker will waste no time in obtaining a home loan for your dream house. Contact one today and get ready for a budget-friendly home loan.
Buying a home is a huge financial investment. Not everyone has the financial capacity to buy a home or any other real-estate property in cash. So, home buyers look for home loans.
Now, finding a good and affordable home finance arrangement is a time consuming and stressful process. If you try to obtain the best home loan on your own, you will have to find the best lender/credit provider and then try to convince him/her for loan approval.
Today, many smart home buyers do not undergo the trouble of finding a lender/credit provider on their own. Instead, they turn to finance brokers for obtaining a home loan. It is because finance brokers are home loan experts. They have the qualifications, knowledge and experience to guide you through the entire process of finance and insurance arrangements.
What do Finance Brokers do?
Finance brokers will work with clients:
• To determine their borrowing needs and ability;
• Select a loan suited to their circumstances;
• Manage the process right through to settlement; and
• Even beyond (i.e. post-settlement).
Many businesses use finance brokers:
• To help them with their finance needs (e.g. car and equipment leasing); and
• To help them when they are looking to expand the businesses.
What are the Benefits of using a Finance Broker?
Here is a list of some benefits of using a finance broker:
• They do all the legwork for you;
• They have access to a wider range of loans;
• They are experts in getting you loan approval;
• They have greater industry experience and knowledge; and
• They are required to meet strict Educational Standards and Professional Qualifications
What do Finance Brokers specialise in?
Finance brokers can specialise in several areas such as:
• Residential Loans/Mortgages;
• Refinances and Equity Releases (i.e. cash outs);
• Equipment Leasing;
• Chattel Finance;
• Car and Personal Loans;
• Business Loans;
• Commercial Property Finance;
• Medico and Pharmacy Loans;
• Agricultural Loans; and
• Arrange for your Insurance needs.
What does Panel of Lenders mean?
Brokers can only offer loans from the lenders/credit providers they are accredited with. This is called their panel of lenders. The lenders/credit providers will normally range from the large banks to specialist non-bank lenders and mortgage managers. The size of a panel of lenders will vary from broker to broker.
It is important that before you employ the services of a finance broker, you consider his/her panel of lenders. Remember that bigger the panel, higher will be your chances of approval.
Truly, having an independent and expert finance broker on your side is a huge advantage. You will be able to obtain the best finance arrangements that suit your needs without any stress.
Important Advice for Owner-Builders: Finance before you Build your Dream Home
Building your home is a dream for many. But, before starting the work of land excavation, you must obtain finance. It will help you avoid financial restraints in future and ensure that your dream home doesn’t become a nightmare.
Navigating the First Home Buyer's Journey: Grants and Concessions
Embarking on the journey of purchasing your first home is an exhilarating milestone. To make this experience both enjoyable and cost-effective, it's essential to be aware of the financial support available, such as the First Home Owners Grant (FHOG) Scheme and various stamp duty concessions. Partnering with a reputable finance broker can streamline the process, making your transition into homeownership smoother and more manageable.
Home Loan Calculators for making an Informed Choice
Money stays with you when you use it wisely! It is important that you consider your financial situation before obtaining a home loan package. You must calculate your budget and your borrowing power before starting the home loan search. Also, you must calculate the loan to value ratio and the loan repayment amount to make an informed choice.
