Mortgage Broker Melbourne | Find A Better Rate Home Loans
We are a Mortgage Broker based in Melbourne CBD offering financial services in home loans, commercial, asset and motor vehicle finance. We provide years of experience dealing with all types of circumstances and have access to products to assist with any situation.
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Christopher Berry - Founder of FindABetterRate.com.au
At Mortgage Broker Melbourne - Find A Better Rate, we pride ourselves as financial professionals working on your behalf to negotiate the best home loan deals for you.
Our aim is to save you money and time. We negotiate with our available lenders to find the most competitive rate rather than simply accepting the standard rate on offer.
Our broker service covers Melbourne CBD and all surrounding metropolitan suburbs. We are based in Greensborough and primarily servicing residents in the Northern Suburbs of Melbourne including Greensborough, Bundoora, Eltham, South Morang, Epping, Doreen, Mernda, Wollert and Surrounds, as well as the Banyule, Nillumbik, Yarrambat and Whittlesea shires.
What Does a Mortgage Broker Do for You?
A mortgage broker is an advisor who specialises in assisting you to find a home loan most suitable for your needs and goals.
They are home loan specialists serving as your brains and muscle when you wish to take out a house loan. A mortgage broker will choose lenders suitable for your needs at your borrowing capacity.
A mortgage broker will also advise borrowers on the process of taking out a home loan. The broker will support you throughout the application and settlement process.
Why Use a Mortgage Broker?
A large percentage of people believe dealing with your bank will help ascertain a more competitive product and interest rate. It is becoming common knowledge that this is not the most beneficial strategy. You could be missing out on significant savings.
There are numerous reasons why using a mortgage broker to search for your next home loan is beneficial. Even if you want to use your bank, a good mortgage broker can assist with processing the paperwork and managing the application on your behalf, without any additional costs to you.
If you don’t have a preference for a lender, a mortgage broker can be your best friend. A mortgage broker is also known as a home loan broker.
There are many mortgage brokers available. You want to find one that can provide professional advice and match your needs with suitable lending solution. Given a home loan is probably the most significant financial decision of your life, it pays to get professional assistance and advice.
A good mortgage broker will save you time, effort and also save money by selecting a suitable home loan. They can help you avoid taking out a loan that you will later regret and provide a plan for a better mortgage.
Mortgage Broker Melbourne - Find A Better Rate At Your Service
Welcome to Mortgage Broker Melbourne - Find a Better Rate! Our mortgage brokers know how to assess your financial circumstances and find a suitable home loan for your situation.
A good Mortgage Broker should:
- Be able to request all the required documentation up front, so they don’t have to go back and forth asking for further information.
- Unless there is an influx of applications with a particular lender or circumstances that require extra work, be able to respond to your application within 24-72 hours.
- Aside from signing loan documentation, take the remaining work out of the application right through to settlement.
- Provide advice throughout each step of the process to assist you in making the right decision about your home loan.
Our brokers always aim for one thing during the process – make it a flawless experience so you can’t help but share with your family and friends who need a home loan. We thrive on your word of mouth.
Our Services are FREE
We do not charge any fees for our services. Our professional home loan service is no cost to you as the lender we place your home loan with pays us once your home loan has settled. And all inquiries are FREE too!
We receive a commission from the lender you proceed with, which is fully disclosed to you before proceeding with any of our available home loan products.
As we are paid the same rate regardless of the lender you proceed with, this ensures that we are not biased on lenders. This guarantees we are here for your benefit and not ours!
Our specialists are known for providing reliable advice when it comes to home loans and acting for the benefit of our clients. We want you to save money and we will negotiate the best loan terms with the lender.
Our home loan brokers know how to drive a hard bargain, and they put those skills to use to help you.
So How Do We Start Helping You?
Here's how we at Mortgage Broker Melbourne - Find A Better Rate can help:
What's the first step: Call us today, and we'll meet you at a convenient time and place that suits you. We'll take the time to understand your situation and lifestyle goals.
Find the right solution: We’ll analyse hundreds of loan products available from over 30 different lenders and match your requirements to the features of the loans, providing you with a selection for you to choose from. We’ll also discuss the features, fees, costs and other details associated with the loan you want.
End to End Process: We’ll make the home loans process as hassle-free as possible by doing the legwork to find the right solution for your circumstances. We help you with the paperwork and submit the loan application on your behalf. We’ll do all the leg work and communicate with your chosen lender throughout the process and keep you up-to-date along the way.
Finalising your Home Loan: Once we have received approval, we will then arrange your loan documents be issued and help you complete them and see your home loan through to settlement.
Keeping in touch: Just because your loan settles doesn’t mean that our service stops there. We will keep in regular contact to make sure that your home loan is competitive and meeting your needs.
What Home Loans Do We Specialise?
a. First Home Buyer Loan
If it’s your first time buying a home, the process can be overwhelming. We want to help!
First time home buyers may be eligible for some grants, and you should take advantage of them. Our mortgage specialists will see if you qualify for any government incentives, enabling you to save money to out towards furnishing or decorating your new home.
We will explain all the costs and fees involved and they will advise you throughout the application and approval process, including obtaining pre-approval and completing all the relevant forms.
b. Home Loan Refinancing
There has been a decrease in interest rates in the recent years. If you took out your mortgage when the rates were higher, this is the perfect time to shop around for a better deal.
Our home loan brokers can help you check which options are available for you. Refinancing a home loan may involve different costs, and our specialists will break everything down and see how much you need to pay when you switch lenders.
Refinancing is an option when you want to reduce your repayments. If you have other debts and consolidating them is your main goal, then this option is also worth considering. Interest on personal and credit card loans tend to be higher, so paying them off in one go can help you save in the long run.
Loan products have different features. Having an expert search for the product that suits your needs can help you gain access to those features that will work best for you.
c. Moving Up The Property Ladder
Your first home isn’t necessarily the place you will stay forever. When you are selling a property as well as buying one, there are a few things to bear in mind.
Organizing your finances, selling your first home, and looking for the most cost-effective options are all part of the process.
Hiring a mortgage specialist can help you, whether you are selling your existing home or buying a second home as an investment.
d. Property Investment Loans
Investing in property can be a profitable venture, albeit a tricky one. It pays to know the ins and outs of the market to make the most out of your investments.
Most lenders offer different interest rates to investment property owners.
We will help you sift through all loan products and find one suitable for someone looking to invest in the property market.
Discounts, incentives, and other cost-saving hacks will be part of the services that our mortgage specialists will provide.
Top 5 Reasons Why You Should Choose Us
1. Our mortgage brokers have years of experience in dealing with clients in different situations, and we are here to assist you making the right decision on your next home loan.
2. Our qualified experts provide a personalised service to ensure you make an informed decision on your next home loan. We assist and help you take control of your finances so that you can focus on the more essential things in life.
3. We assist you to find the right loan that suits your needs from our panel of lenders (see below). We have access to over 40 of Australia's leading lenders and can compare and provide options within minutes. Why run around for weeks visiting lenders when we can do all the work for you.
4. Our mortgage broking service is fast and free.
5. We provide reliable advice and comprehensive information to people looking to buy a new house. We pride ourselves on providing clients with the best advice there is.
Home Loan Questions We Can Help You Answer
Our mortgage specialists can help you answer these questions:
- How can you buy a new home?
- Is it possible to make weekly or fortnightly repayments?
- Will it be possible to compare interest rates?
- How much is my loanable amount?
- Is it possible to ask for a pre-approval?
- How much will be the monthly house loan repayments?
- Are there loans available for business and commercial purposes?
- Is home refinancing an option?
- How much deposit should I save?
- What do I need to do in debt consolidation?
- Will it be possible to avail of incentives under the first home owners grant?
Taking advantage of our mortgage brokers assistance will save you time and money. With over 20 years combined experience, our mortgage brokers have helped thousands of people with their home loan needs.
Wide Range Of Lenders
Another obvious benefit of doing business with a mortgage broker is having more choices. These professionals have a wide network of lenders to choose from.
By hiring a mortgage broker, you will have access to lots of different lenders and even more loan products. You don’t need to spend your time searching for a lender - let us handle it for you.
We are not just a home loan broker, but we are your trusted advisors who genuinely care about your needs, which is why we pride ourselves on being one of the best Melbourne based mortgage brokers.
We Strive to be the Best Independent Mortgage Broker in Melbourne
Take the hassle out of getting a home loan that is right for you with the most trustworthy mortgage brokers in Melbourne!
We can break down the best mortgage and home loans around Melbourne that are catered towards your individual needs and circumstances, ensuring that you find the best deal on the market and have less stress during the process.
Whether you want to refinance your home, refinance your mortgage or even just finding a mortgage advisor, we at pride ourselves on being with our clients through every step of the home loan application process.
The number one rule we have is to do right by the customer. Our specialists are always transparent about the fees and the terms of the loan. Mortgage Broker Melbourne - Find a Better Rate has been growing steadily over the years because of its adherence to this principle and commitment to the highest standards of customer care.
Frequently Asked Questions
Is it safe to use a mortgage broker?
Approximately six years ago, some major changes took place in the mortgage broking industry with the introduction of the NCCP Act (National Consumer Credit Protection Act), which is responsible lending obligations on mortgage brokers. The reason these obligations were introduced was to ensure that the credit contract was ‘not unsuitable’ for the consumer. This means that the agreement meets the needs of the clients and that the decision was not made for things such as income received from one lender over another. These new obligations also require Mortgage Brokers to document the choice of lenders fully, reflect all fees from the lender and the mortgage broker and provide vital information to the consumer to confirm the loan contract is “not unsuitable”.
How will mortgage brokers earn money?
Banks and other lending firms offer a one-off payment to mortgage brokers for conducting research and for loan sourcing. Each lender will have a predetermined amount of upfront commission, so the pay brokers receive vary depending on which institution pays the commission. Aside from the upfront commission, there is also a trail commission based on the remaining balance of the loan less the amount in the borrower’s offset account.
How much are mortgage brokers paid?
Our mortgage brokers are paid in the form of commission from lenders. Payment varies from lender to lender. However, the commission tends to be 0.3 to 0.7 percent of the loan value. If the borrower decides to close down or refinance the loan in the first 12 to 18 months of the term, the broker must refund the commission. Always read the contract you signed with your broker in case there are any provisions about liability for refunds. Some mortgage brokers receive a fixed salary in addition to the commission they earn, although this is not always the case.
What is the difference between a mortgage broker and a bank lending manager?
A mortgage broker is essentially a middleman between a lender and an applicant. Their initial job is to assess your financial circumstances and confirm if you’re in a position to afford a home loan then determine what type of home loan will suit your needs. Mortgage brokers should give you some options to choose from, provide the pros and cons of each choice and assist you in choosing which is best for you based on the information you have provided. A bank lending manager is practically the same as a mortgage broker but limited to only one lender and a handful of products.
Why should I use a mortgage broker for my investment property?
Brokers have a wide network of banks and lender partners. They will conduct research and do the legwork on your behalf. They will also negotiate with the lender to provide you with the services you require. So, hiring a broker means saving money and time.
Which loan is better, variable or fixed interest rate?
The answer is it all depends on your circumstances. If you want certainty in the amount of repayments within a certain period, a fixed rate is for you. A fixed interest rate is ideal during a time of rising interest rates. In most cases, a fixed rate loan is not flexible, and there will be restrictions as to the repayment amount, redrawing functions and having an offset account against the loan. On the other hand, a variable rate loan will fluctuate based on the movement of interest rates. These products will offer greater flexibility. Most variable loans also have an offset account which allows for extra repayments with redraw facilities. There is also split loan, an option that offers the best of both worlds.
Is your broker willing to disclose how they are paid?
Yes. Brokers have to be transparent about the amount they receive for sourcing the loan. They should also be willing to provide the amount of commission they will receive from the banks and lending facilities they recommend.
Does your broker have property investing experience?
Yes. And when your loan specialist is also an investor, they are your best ally in understanding the best loan products you should use to maximize returns. They may also be the best people to help you achieve your investment goals and future plans. Most of all, they know which lenders the friendliest terms for you have based on your current financial situation.
Is the loan with the lowest interest rate the best one?
Not necessarily. Your main consideration should not be the interest rate but how appropriate the loan product is for your current situation and future plans. Circumstances and market changes can also impact the convenience of availing of the loan are also crucial. Aside from that, all ongoing fees and discharge fees should be part of the equation. This will provide you with a better insight into the product and if it will meet your needs.
How can I keep my current property holdings and buy another one?
This will depend on how well you manage your cash flows and understand events that could have an impact on your future cash flows.
What is the best loan interest rate I can get?
There are all kinds of loan products and making the decision based on the interest rate alone is ill-advised. By doing this, you can pass up the opportunity to utilize your loan for long-term financial goals. When you look at the bigger picture, interest rate becomes less important when we factored in the loan benefits and other important loan features, as well as how they contribute to your cash flow and overall money management plan.
How to Contact Us?
Christoper Berry, founder of Mortgage Broker Melbourne - Find A Better Rate, and the team are available to take your call seven days a week and can assist with any queries that you have. Our mobile mortgage brokers can to come and meet with you at home or work, or you can visit our Melbourne CBD office or our Greensborough Office.
You can contact Chris directly on his mobile on 0477 212 840.
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