Fairfield Mortgage Brokers
Why use a mortgage broker? Well, not only are we all highly trained with many years experience, we are local, just like you, and offer a personal yet professional approach to your mortgage needs.
Mortgage StrategyHaving a homeloan is not always as simple as just signing the loan and making monthly repayments. There are often extra account keeping fees and other charges. There are also many strategies you can employ to make sure your money works harder, and you can pay off the loan as quickly as possible. Your mortgage broker will talk you through all of the strategies that will work for you, and show you how to minimise extra costs and make extra repayments to save on interest.
Your Mortgage BrokerThere are so many Sydney mortgages available to home buyers, by talking to us you will be able to narrow your choices down to options and home loans that really work. All of our brokers are experienced in matching the right mortgage loan to the home owner.
How is a mortgage broker different to a bank? You could go directly to a bank or other lender, but you will find your choices very limited. If you want to look at several different home loans before making your choice, visiting each individual bank will take you some time. Using a mortgage broker saves you this time and effort, as they search through the range of loans on offer for you, and then assess your income and lifestyle to find one that matches you perfectly. You wouldn’t get this kind of service by going directly to a lender.
What's the difference between preapproved and prequalified. Pre-Qualified: When a borrower is "pre-qualified" it means they have spoken with a loan officer. Based on the information given, the loan officer has told them how much they are qualified to buy. Some information may have been verified, but not always. In fact, the buyers may not have even filled out a loan application.
Pre-Approved: When a borrower is "pre-approved" it means they have completed almost all of the loan process. Income, assets and liabilities have been checked and verified. The loan package has been reviewed and approved by an underwriter. With a true "pre-approval," the only items missing from the loan package are the appraisal and title work.
Which Is Better? Sellers prefer "pre-approved" buyers. It gives them a comfort level that if they accept your offer, you have already been "pre-approved" for the loan. Many buyers get "pre-qualified" when making application for "pre-approval."
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