TO AUSTRALIAN PROPERTY INVESTORS
Finance Broking
Choosing the right loan is a vital factor when investing in property or buying your own home. But given the number of lenders and constantly changing products, this can often be a difficult task. With our in-house Finance Broking service, you’ll have an expert at hand to help you make this important decision.
A mortgage broker who understands property investors
The wrong loan could severely hinder your property investment plans. While the interest rate of your loan is important, there are also other important loan features. With our property investment expertise, we understand what investors should look for in a loan. We will carefully explain to you the differences between loans and recommend the loans that we believe are most suited to your circumstances. We make the effort to understand your long term plans so we don’t just find you a loan that fits you today, but one that will work for you in the future.
Many lenders, hundreds of products
We can introduce you to products from a range of leading lenders and give you an immediate indication as to your total borrowing capacity, based on your current financial situation. We have access to loans ranging from the simplest no-frills loans to professional packages for sophisticated investors. Once you have chosen a suitable loan, we will manage the application processes for you, saving you a considerable amount of time and effort.
With more than 20 different lenders in our panel, we can compare hundreds
of different products and find the most appropriate one for you.
HELPING HOME OWNERS AS WELL AS
BUYERS
Reviewing your existing loans
Your loan may have
been right for you in the past, but is it still the best loan for you now? We
recommend that people review their loans every 12 months. It is especially
important when there has been a recent interest rate rise or if your
circumstances have changed. However, even if your situation hasn’t changed, many
new products are constantly introduced into the market that may better satisfy
you requirements. The wrong loan could be costing you thousands of
dollars.
Accessing your equity
There is a good chance that over the years you have built up a
considerably amount of equity in your home. The good news is that you can easily
access this equity by refinancing your loan. You may wish to use this money to
invest in other properties, renovate your existing property or fund those
lifestyle purchases you have always wanted. Whatever your plans, we can help you
access the funds you need.
Self-employed or bad credit –
no problem!
We’re happy to help anyone, whether they work for
an employer or are self-employed. We have helped people in many different
circumstances including those who have been turned down by banks or who have had
credit problems in the past. There is a perfect product for everyone and it is
our job to find it.
The great thing about this service is that there is no additional cost to you. In essence, the lender pays for our service. When using our Finance Broking service it costs you no more than if you dealt directly with a lender. The major advantage however is that you receive expert advice and are able to select from a variety of different lenders.
WHY USE A MORTGAGE BROKER?
Firstly, what is a mortgage broker?
A mortgage broker is a professional who acts as a middleman between borrowers and lenders. The primary role of a mortgage broker is to recommend the loans that are best suited to a particular borrower. Comparing loans can be a difficult and tedious task. A good mortgage broker understands the subtle differences between loans and, importantly, how those differences will impact the borrower. A good mortgage broker will also keep up-to-date with newly introduced loans and changes to existing loans. Almost 50% of all borrowers in Australia now use a mortgage broker. In the US that figure is already around the 60% mark.
Choice and expertise
Mortgage brokers provide you with choice and expert guidance. They can offer you loans from a variety of different lenders, and provide guidance on choosing the loan that is right for you. If you went directly to your bank, your bank could only offer you the bank’s own range of products.
Saving you time
A mortgage broker can save you a great deal of time. Without the services of a mortgage broker, you would have to run around to many different lenders, obtaining relevant information about interest rates, fees, and features, and then take the time to make an informed decision about which loan best meets your needs.
Saving you money
A mortgage broker can also save you money by ensuring you pay low rates and minimal fees. A mortgage broker may also be able better negotiate with lenders than you would be able to as an individual.
Who pays? No cost to you
One of the great things about using a mortgage broker is that the broker’s fee is paid by the lender not the borrower. Typically this is a commission based on the amount borrowed.
Solutions for out-of-the-box situations
A mortgage broker can be particularly helpful for people who may have a troubled credit history, which makes it difficult for them to locate reasonably priced credit. Generally, a mortgage broker will be able to locate a lender who offers these people better terms than they can find on their own. Additionally, some people may want more flexibility in the amount they are allowed to borrow. A mortgage broker may be able to find these people a lender which, for example, will lend them money with a lower up front deposit.
Investing in the Momentum Wealth Property Education and Support Program will entitle you to loan fee rebates valued at $500 when you use the services of Momentum Wealth to obtain finance.
Our Finance Broking service is provided by Momentum Wealth Finance Pty Ltd Finance Brokers Licence 3170 (ACN 112 286 656
). Momentum Wealth Finance Pty Ltd is a Full Member of the Mortgage & Finance Association of Australia.
