Mortgage Brokers

With a mortgage broker who really listens to what you want to get out of your property and your mortgage, you will find it's easier to achieve your goals and dreams.

When you have a mortgage broker you can really relate to, you know they will work to get you the right home loan features and rates.

Mortgage broker services won't cost you anything up front. We will make sure that you get all the information you need to be prepared for the future, whether you are ready to take out a loan or refinance right now, or you are thinking ahead and planning for your future.

At Positive Home Loans, we’ve been building strong relationships with our lenders so we can negotiate loans that you might not find through the banks.

Find out the difference it makes when your mortgage is arranged by a professional that you trust.

What does a Mortgage Broker do?

  1. First, a mortgage broker will get a clear picture of your personal goals and your financial circumstances. Your broker is there to assist you to plan your best future, and will advise regarding your best interests.
  2. Using this information, your broker will advise you on how much you are able to borrow.
  3. If you’re ready to move ahead, your broker will search the market to find the ideal home loan for you. They’ll usually give you a choice, and they’ll be able to explain what each mortgage option will mean for you.
  4. Once you decide which loan you want, your home loan expert will prepare the application on your behalf to give you the best chance of approval. You’ll have the peace of mind that your application is complete and professionally presented to the lender.
  5. With a pre-approved loan, you are ready to start serious searching for your new home.
  6. We’ll look after you through the whole process, ensuring a smooth settlement, and beyond.

Who pays your broker?

Mortgage brokers are paid a commission by the lender. There is usually an upfront payment when the home loan settles, of between 0.5 - 0.6% of the loan amount settled.

Then as the life of the loan continues, your broker will be paid a 'trail commission'. This is a small monthly figure, calculated based on the remaining loan balance, paid to the mortgage broking business.

Our senior Positive Mortgage Broker, Rob Murdoch, has broken down in detail exactly how the commission structure works here if you'd like to find out more about it.

The advantage of this system is that the lenders, who ultimately benefit by getting your home loan, are the ones who pay your mortgage broker. There's no upfront cost to you, and you benefit from professional, well-informed advice from an experienced mortgage specialist.

And instead of going straight to a retail bank outlet, you have the advantage of a comparison of the home loan options that are available, as well as information from a trained professional about the suitability of the mortgage. You will also benefit from loan options that might not be available direct from the bank.

At Positive Home Loans our mortgage brokers will go the extra mile in negotiations with the lender to arrange the loan structure that you need.

Our services are provided in accordance with the highest ethical standards, and our brokers have professional memberships with the Mortgage Finance Association (MFAA) and Finance Brokers Association of Australia (FBAA). For a copy of the MFAA Code of Practice, just click here.

While a home loan is something you’ll need only a few times throughout your life, our brokers process loans every day, so it’s sensible to seek their expertise, as they know what’s on the market right now.

What should I expect when I see a Positive Home Loans Expert?

It’s never too early to speak to a broker and put your Positive Future in motion.

A Positive Mortgage Broker will:

  1. Listen to your personal situation and your plans for the future.
  2. Provide independent, impartial advice regarding your loan options
  3. Answer any questions that you might have regarding any aspect of the borrowing and purchasing process.
  4. Be able to calculate exact repayments and the amount you can borrow based on your circumstances.
  5. If you already have a home loan, we’ll give you a free home loan health check, or find ways to simplify your next property purchase.

Some things you can bring to get the most out of your first meeting with a broker include:

  • a pay slip or proof of income
  • current bank statements
  • passport, driver’s licence or birth certificate
  • tax return or tax assessment notice
  • a copy of recent credit card statement or other loan statements

Your mortgage broker will be able to do more for you than simply arrange your home loan.

Depending on your current needs, we can help you with any type of finance you might need, so you can stay with someone you trust.

Some of the finance options include a car loan, insurance, business lending and finance, as well as life insurance products to protect your loved ones and your big investment.

You can count on Positive Home Loans brokers and staff for anything you need throughout all the changes that life brings, not just from when you've got your home loan deposit until your property settlement.

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