Our award winning service is free. We are paid by the lenders for bringing the clients to them.
Mortgage brokers are consumer advocates in the home loan selection process by helping you to select a home loan and complete the required mortgage documents. Mortgage brokers follow your new home purchase, investment or refinance through to settlement providing a smooth and convenient transaction.
By linking with banks, other financial institutions and private lenders, mortgage brokers offer you access to a wide range of home loan choices to find the right mortgage for your needs.
You will be mentored through the complex home loan lending process. Our mortgage brokers offers you the convenience of doing all the leg work to access an affordable home loan while balancing the your financial interests and goals.
We will complete all the mortgage applications for you to ensure your home loan application has the optimum chance of success. Our mortgage broking software compares all mortgage rates, fees and hidden costs so we can deliver you the best value home loan for your situation.
A pre-approval gives you an indication of the maximum amount you can borrow. By getting your pre-approval you have the power to negotiate your next property purchase with confidence.
In some cases, yes. It will depend on how much you are borrowing and the value of your property.
We help assess all of the loans available from over 30 different lenders. A bank is restricted to offering you one product range only.
No. This is a fallacy. For a standard residential home or investment loans, the difference between the lenders’ commission rates is very small. We are much more interested in making sure you are happy with the loan product chosen so that you refer your family and friends to us.
A lender has a lot of marketing and other overheads to pay for when it comes to sourcing clients directly. They have to advertise, pay their staff, pay rent for their branches and pay all the other associated costs such as car and phone expenses for their mobile lending managers.
The true cost of a branch / directly-introduced loan and a broker-introduced loan would be very similar. In fact, we suspect that because broker-introduced loans are a variable cost to the lender, i.e. the lenders only pay when a loan actually goes ahead, they would probably cost the lender less overall than branch-introduced loans.
The loan approval process does vary depending on the lender and lending product selected. However as a guide the average time to get a conditional approval, once a fully completed application has been lodged is between 2-4 days. A conditional approval means your loan has been approved subject to any outstanding requirements, such as a property valuation.
There are a number of lenders who specialise in providing credit to individuals who have an impaired credit history. These types of loans are referred to as non-conforming loans. Within Blackburne Money’s lending panel, there are a number of lending institutions who specialise in these types of loans.
Mortgage broking is a major part of the Australian home loan marketplace and over 49% of all home loans are placed using a mortgage broker. There are hundreds of mortgage brokers to choose from, but there are a number of key criteria you should check before using a broker.
Your broker should:
If you’d like to learn more, request a debt audit, compare your current loan or seek a quote, you can contact us via the enquiry form or call +61 8 9429 5777 and ask to speak to Paul Prindiville, Team Leader.
Australian Credit License: 389087