Not all loans and mortgages are born equal – so how do you know what’s best for your circumstances?
There are lots of different conditions and criteria that go into picking a mortgage loan, and different lenders will have varying terms for their services. By choosing to employ Perth Mortgage Brokers, you’ll have someone on your side with a track record of finding the best value in the market, and who already has relationships with all the major lenders around.
We know how the systems work, where there are savings to be had, and we’ll be there every step of the way to help you understand the complexities of the situation. So you can get a better deal and a faster settlement.
This is why we’re one of the best mortgage brokers in the business.
Examine Your Circumstances
When you’re considering a mortgage, you’ll have to know your own finances and assets well. This is likely to be a six figure sum, so you have probably already started to think about how much you can afford, and what your limits might be. We’ll always try to get the most out of your finances that you’re comfortable with, but we’ll ensure that you don’t take on unnecessary risk in the process. The truth is many lenders will have their own cookie cutter requirements for borrowers, but once you satisfy them their salespeople are often desperate to sell you a loan and will try to pressure you. That's not the way we work.
Understanding Mortgage Interest
Interest rates will partly define the kind of home loan that you end up choosing, so it’s sensible to have some understanding of them. Ultimately, the interest rate is the price you’ll pay to borrow the money for your home, across its life cycle.
Mortgage rates are constantly on the move, and you’ll have to decide whether to go with a loan that has a long term fixed rate (which might start out a little higher), or let it move with the market and adjust accordingly. Both have their advantages, so choosing is more about your specific circumstances.
Many lenders advertise low interest rates as a way to entice you in to their service, but there are plenty of potential pitfalls. We’ll look at how much they’re expecting you to pay upfront – deposits make a huge difference to the amount you’ll borrow, and the interest rates you’ll pay as a result – as well as whether they have any origination charges and hidden fees. Some lenders will try anything to make an extra buck or two, but we’re privy to every trick in the book.
The mortgage market can be overwhelming for those outside the industry. The different types of home loans available, the deluge of different lenders, the choices are extensive. This can be advantageous for finding a great deal, but it can be quite hard to navigate.
Luckily, our advisors are experienced in traversing this minefield, and because we’ve built strong relationships with so many lenders, we feel we can always cajole the best deal possible out of those partnerships. When you choose Perth Mortgage Brokers, you’re getting an inside track on proceedings.
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