It’s the situation every prospective homebuyer and investor dreads – receiving the notification that the bank isn’t willing to loan you the funds you need to secure your dream property.
If this happens to you, all hope is not lost. You could still find yourself exchanging contracts and making renovation plans, if you engage us, we are experienced mortgage brokerage and we can help you negotiate the way forward.
Here’s how we can help…
They’ll advise you on reigning in your budget
It could be that the bank wasn’t convinced that the surplus funds left in your budget after all your expenses are paid would be enough for you to comfortably service the loan. Particularly with the Royal Commission, lenders are cracking down on expenses and having a large income is no longer enough to get your mortgage approved – you also need to show you have fiscal restraint.
We can help you trim the fat from your budget and make your living expenses and other outgoings more palatable to a lender, increasing the chances that your application will be approved.
We know which lender best suits your needs
You could continue applying for your loan with bank after bank, hoping that eventually you’ll get a positive response. But this process is not only time consuming, it also spells disaster for your credit rating. We know the ins and outs of each lender, and can match you with one that is more amenable to your current circumstances.
For example, some lenders will accept child support and family payments as income, while others will not, and some are more likely to approve loans for the self-employed than others. Skip doing the hard work yourself and hand this task off to us and let us narrow down the best lenders for you and help you get that loan sorted, fast.
We can help you find a better deal
Offset accounts, linked credit cards and redraw facilities could save you thousands of dollars, and often banks don’t advertise their best offers directly to customers. Through us, you’ll gain access to the hottest deals on the market, which you see you pay off your loan sooner or save loads of cash.
We can help you secure your financial future
There are several ways in which we can help put you on the path to financial prosperity. For a start, by directing you to the lenders that are most likely to approve your loan, we’ll help you protect your credit rating. Each time you apply for finance, you’re notching up another mark on your credit file that doesn’t look good down the track, and subsequently diminishing the chances of getting your next application approved.
Many of our clients come back to us, time and again, for new loans, investment advice or refinancing because we have our finger on the pulse of the industry, and therefore have a high success rate of getting our loans approved.
We’ll become an integral part of your long-term wealth creation strategy. And when that happens, you’ll be grateful for that initial rejection letter – without it, you wouldn’t have found us! 🙂
So give us a call now on 03 8593 9593 or click here to request your Complimentary Finance Review.