Why use your local  Mortgage Broker Dayboro?

First: we are local and care about our community. We also understand the “rural” challenges you can have while trying to get finance.

Your Place Mortgage brokers can assist with:

• First Homebuyers Grant and First Home buyer mortgages
• Investment property loans and help you to decide on what  property investment loan fits your goals and plans.
• Home Construction loans for new builds, or Bridge finance for when you need some extra time.
• Construction loans for renovating and loans to build an addition to your existing property.

Want to know more: Contact us

Are You Looking For A Mortgage Broker in Dayboro?

If you like some peace and quiet and love a strong sense of community, then we know the right place for you. You’ll love this small town’s cleanliness, the friendly locals, several great places to eat, and a nice little primary school. It takes pride in its unique rural heritage too, which is why the Dayboro Rodeo and Dayboro Show normally take place between May and July each year. Moving to this small town is ideal if you’re starting a family, have small kids, a retiree, or a plain country lover. Think this town fits what you’re looking for? Then talk to  your local mortgage broker in Dayboro to help you get the right finance to buy a place in this beautiful rural town.

Why Would You Use a Mortgage Broker for your home in Dayboro?

For many years, clients only belonged to their banks and there was lesser competition among financial institutions. But, a lot of things have changed and customers today take time to compare institutions to get the best rates: and that’s where a mortgage broker comes in.
Mortgage brokers must have an Australian Credit License (ACL) or be a credit representative of a licensee (aggregator.) This gives you the protection you need when a lawsuit takes place.

Mortgage Brokers Act As Negotiators with Financial Institutions

We’re not here to lend you money. However, we’ll act as a “middleman” between you and various lenders to help get funds for your project. This saves you time since you don’t need to talk to the banks yourself.
As your mortgage broker Dayboro, we know the specifics of each bank and we’ll guide you toward the one that best suits your needs. Our goal is to help you find the most competitive rate depending on your situation. We make sure to negotiate the best that we could to negotiate loan terms that align with your goals and budget.

A Mortgage Broker Explains How Mortgage Works

Before obtaining a mortgage, you should know the difference between a variable and a fixed rate. A good mortgage broker can give all this information plus give you advice on how to find the right offer.
Meaning, they should help you understand and see complicated things more clearly. They must guide you through all the steps, from start to finish, until you find the solution that works best for you.
You should know the difference between a mortgage advisor and a mortgage broker, too.
The former works for the bank, which means their goal is to sell you the products of that bank even if these don’t fit your needs. Meanwhile, we work independently and compare different institutions to find what’s most advantageous for you.

Mortgage Brokers Protect Your Credit Score

In terms of loan filing, financial institutions have different criteria as to what they accept or don’t accept. If you decide to shop for mortgages with various banks and get rejected, your credit rating will be tainted and thus, decrease.
Our role as a mortgage broker Dayboro is to prevent this from happening. Since we’ll be dealing with banks only by using your financial information and not your identity, you can better your chances of finding the right lender while protecting your credit score.

Mortgage Brokers Take Care of Administrative Tasks

If you skip on using a mortgage broker, be ready to deal with administrative tasks! Brokers will guide you about the different documents you’ll need to present.
We’ll even help you get a credit pre-authorization or the document that lets you know if you’re eligible for a mortgage. It also gives you an estimate of how much can be lent to you.

Your Mortgage Broker Dayboro Helps You Avoid the Risks of the Market

You may not be the best when it comes to mortgages. Your knowledge is more likely limited in this field, so why deal with all the stress? The role of mortgage brokers is to explain how each product of one financial institution differs from the other. Their goal is to help you avoid making decisions that could cost you a lot.
For instance, a lot of customers make the mistake of going with the lowest rate without looking at the conditions that come with it. Mortgage brokers are here to explain these conditions thoroughly so you don’t end up in a bad situation just because you were misinformed.

Why Choose Us as Your Mortgage Broker Dayboro

There are a lot of options in today’s market in terms of home loans and lenders. This is why as your broker, we can give you several lenders and choices to make sure you find the best home loan that fits your needs. We believe there’s no “one size fits all” type of loan and we’ll be here to assist you through the entire process.
Whether you’re a first home buyer, an investor, or are looking to refinance your current loan, we can take care of those! And while we make sure to do all the work for you, we also keep you informed all the way and maintain proper communication so you’re never left in the dark.

Give Elise a call now to discuss how she can help you get the house of your dreams:  0422 527 759  leave your details on the contact- us page

Please feel free to read more information about home loans andmortgages below, or feel free to brows our site for more information!

What Would You Need a Mortgage For?

A mortgage refers to the practice used to get a loan on behalf of collateral for security and plays a huge role in the financial market. Mortgaging is a business with high demand and a large number of people engage in this business to provide mortgages for the public.
Generally, mortgages are given based on the worth of your personal property as payment of the debt. Mortgage and mortgage dealers play a crucial role in the world market and mortgages can be offered by banks, financial institutions, and other financial sources.
Most people get mortgage loans to construct or purchase different types of properties. But, you can also get these for your business, education, marriage, etc.

What Kinds of Mortgages are There?

For many of us, buying a home is impossible without help from lenders and banks. For those who don’t have the whole purchase price upfront, home loans come in handy.
This is why several types of home loans are currently available. This also means many clients are having a hard time choosing what’s right for them.
That’s why today, we’ll discuss the different types of home loans a mortgage broker Dayboro can help you get:

Variable Rate Loans

A home buyer’s go-to option, these rely on the ever-changing cash rates of the Reserve Bank of Australia and the fluctuation of interest rates. Meaning, you can have low payments in one month and high payments in the next.
Some see these as a gamble, but some clients prefer this as it lets them pay their loan in a variety of ways. Also, in case you find a new loan that better suits your needs, most lenders won’t charge you an additional fee for refinancing your loan with other providers.

Fixed-Rate Loans Dayboro

This loan locks-in your home loan interest rate for several years, usually at a rate higher than the current variable. This means there’s a fixed amount that you need to pay every month.
These loans a mortgage broker Dayboro can help you get is ideal for clients on a budget since they don’t have to worry whether they can repay the loan or not. However, aside from a higher mortgage rate, switching to other home loans can be difficult since lenders usually charge a break-cost fee.

Interest-Only Loans

This is a quick escape from the traditional home loans. It means you can skip the principal and pay for your interest only—for the meantime. This is a popular choice among property investors looking for negative gearing, and those who are hoping to make a profit by reselling the property as long as it won’t depreciate.
It’s also a good choice for young home buyers and low-income earners who are eager to have their own house without a lot in their bank accounts yet. Moreover, this type of loan normally lasts for 7 years before going back to the “traditional route.”

Guarantor Loans

If you want to borrow more than 80% of the purchase price without paying the mortgage lender insurance, you can ask your parents or any family member to be your guarantor and make a part of their house as your collateral. This is perfect for first-time buyers who are eager to enter the property market.

Line-of-Credit Loans

Getting this loan along with your current mortgage is your best bet if you wish to renovate your house. Also called “home equity loans,” these let clients maximize their loans for other expenses. The amount is based on the equity you have on your property, and you can use it either little by little or in a lump sum.
But, a mortgage broker Dayboro should remind you that these aren’t for impulsive customers. Once you draw from your line-of-credit, you have to make extra repayments to compensate for what you borrowed, or else you’ll be extending the term of your loan.

Investment Property Loans

The requirements for these loans are a lot stricter. One, you have to show that you have enough money set aside to take care of the mortgage. If you already have an investment loan, your funds set aside may be required to be higher compared to if those were for a home loan.
Second, the rental income may also be considered since it may be enough to cover mortgage repayments and other expenses. This means the property didn’t actually lower your debt-to-income ratio (how much of your monthly income is used for repaying the mortgage,) which is also considered in the approval of your loan.
Lenders also consider the potential of your property for appreciation during the period of the loan. You and they may want to check information about current vacancy rates and the trends in housing prices. These factors will play a huge role once your property gets assessed.

Dayboro hosts a lot of sporting facilities such as soccer, swimming, tennis, and a scout group as well so it’s a terrific place to raise children. The Apex club holds a movie in the Dayboro Hall each month, where kids can meet and make new friends. You may find the wildlife here a bit problematic but we think having dogs in your house can help chase them away and you’ll be fine. Also, you may find daily commutes to the city frustrating and that everything closes early. While there’s no train here and it can be a drive to the station, you get to appreciate the peace and quiet when you get home. And when it comes to the shops closing early, we think there’s nothing a little planning can’t do.
Think this suburb has what you’re looking for? Then book an appointment with a mortgage broker Dayboro today!