When applying for a home loan (mortgage), your lender will need to confirm that you meet the eligibility requirements. This involves assessing your current circumstances and the capacity to service the loan, this includes;
There are a lot of options and features that come with home loans. These can give you more freedom or help you pay off your home loan more quickly. You need to consider which features are important for you when picking the best home loan.
Some mortgages allow extra payments to settle the loan faster, but others (especially fixed-rate loans) may charge an early payout fee. There are so many smaller features of a loan that you also need to consider, which is where dealing with a reputable mortgage broker can really help.
We can help you refinance, whether it’s for your existing home loan or if you’re looking to switch from another bank. Our innovative digital solution can get you approved in minutes and with some of the best rates going, you could save thousands today off your current residence or investment. Refinancing could change your financial life.
Your BrokerCo mortgage broker will help you plan and get through the process of applying for a home loan. Our Home loan specialists can help you get a loan and give you helpful advice based on your finances.
Home loan lenders will need your personal information, property information, how much you need to borrow, and your financial status.
Our mortgage specialists will conduct a preliminary assessment where we’ll assess your financial situation, and work with you to find the best home loan solution for your goals and circumstances
Conditional pre-approval is an indication from a lender that you’re eligible to apply for a home loan up to a certain limit.
Also known as formal approval. It means the lender has everything they need from you and they
The lender will send you a contract to sign and return to confirm that you accept the offer. If you need independent legal advice, you can go over the contract with a lawyer.
After verifying your documentation, the lender can release loan funds. They will notify your solicitor or conveyancer of available money for a purchase. Your conveyancer will schedule a lender settlement date.
A mortgage broker, like BrokerCo, is an intermediary that bridges the gap between mortgage seekers and mortgage lenders. They don’t use their own money to provide the loans, instead, they connect mortgage seekers with mortgage lenders who meet their specific needs.
The broker will guide their clients through the entire process of securing the perfect mortgage.
As far as convenience is concerned, yes, it is. Local brokers offer more personalised services and they’re easier to communicate with—and you don’t have to worry about their service being delayed.
If you’re looking for a good mortgage solution and you aren’t sure where to start, yes. Speaking to a mortgage broker may set you on the right path.
Mortgage brokers have two advantages over banks;