Fast Approvals: 000 Home Loans are able to access fast conditional approvals for a full range of loan products available in Australia.
Choice of Lenders: Financing a property can be a complex task, however with 000 Home Loans, we take the hassle away. We are accredited with banks and other lenders and we can show you through the maze and find a loan that is right for you and your situation. Our purpose built mortgage software will compare over 1600 various products based on your individual needs, ensuring you pay for only the services and features you require.
Convenience at no cost: We can adjust our approach to suit you and your choice of medium. We do all the running around, the paperwork, and take care of all the hassle, leaving you more time for things you actually want to do.
*The best part of our service to you is that 000 Home Loans is funded by the financial institution you choose*.
Accessibility: You can call us at any time, even outside of office hours. Protect Your Credit Rating: Our state of the art software can determine which lender will lend to you and how much (the amounts vary between lenders). If your home loan deal is shopped around too many marks are placed on your credit file.
Can you explain what a Mortgage Manager does and how they get their funds? Mortgage Managers are lending specialists who arrange funding for home and investment loans. Unlike banks, building societies and credit unions, mortgage managers do not have a base of customer deposits with which to fund their loans instead they source their funds via a process known as securitisation.
This is a process whereby assets with an income stream are pooled and converted into saleable securities. The mortgage managers job is to set up the loan and perform a liaison role with all parties involved, namely originators. trustees, credit assessors and borrowers. They provide the customer service role and are there to manage your loan throughout its term.
Why should I use a mortgage broker instead of going direct to the bank? Mortgage Brokers are responsible for introducing borrowers to lenders – they act as an intermediary offering prospective borrower’s information on various lending institutions available, not to mention the vast array of products on offer, the borrower has various options and choices.
If you just go into a bank you will only have access to their lending criteria and their own products which may not suit your financial situation. The task of the mortgage broker is to determine the most suitable loan for the borrower, a professional broker should be able to direct you to a lender that will be most suited and will be able to fund your loan against your current circumstances.
This type of knowledge will prevent your loan inquiry being shopped around which may affect your credit file, takes the stress out of the process for you as the broker co-ordinates the whole process through to settlement on your behalf. While the brokering service is often free, a small fee may be charged depending on the workload, and the broker will generally receive commission from the lender they recommend.
An honest mortgage broker will provide full disclosure by way of finance broking contract detailing all commissions that are payable by all lenders on their panel.
000 Home Loans as a broker will select the most appropriate lender. 000 Home Loans will credit score each applicant to ensure your time is not wasted. 000 Home Loans will optimise applications for each lender to enable funding. 000 Home Loans will chase the lenders on your behalf to provide a stress free process.
FIRST HOME BUYER INFORMATION - MISCONCEPTIONS For a printable (pdf) version click here ... >
