Need a Mortgage Broker – Cairns based?

Mortgage Broker Cairns has been developed to help connect you to a local Mortgage Broker who can do the work for you, saving you time, hassle and money. They will take the frustration of understanding all the different rules of the various banks and give you a choice of the best loans that suit your needs.

We suggest you request an appointment with our preferred mortgage provider Richard Staines of Better Finance Solutions by calling him or filling out the form to your right.

Before you do that we have five tips to help you get started.

1. Get references

If you don’t have anyone to ask then a good guide is to check the history of the individual broker. Richard’s extensive work history in banking/finance/credit management and Broking can be located on the “About Us” page.

2. Choose a Mortgage Broker

You may want to visit or contact a few Mortgage Brokers including our preferred provider and see who you like the most. All Mortgage Brokers are paid by the banks and should never ask you for a fee.

The best method of contact is by phone. You can learn much more and obtain a better idea of whether a particular broker fully understands your situation. A broker with experience may asked important questions that you may not have though of, and therefore leave out of an email.

3. Get all your paperwork ready

Before having the mortgage broker visit ask them for a list of what they require to assess your situation. It will greatly speed up the process.

Basic items required:

. Employment details – eg: Full time/ part time/ casual. Length of time with employer.

. Copy of last two consecutive payslips. For Self Employed, last 2 years Financials.

. Details of any loans you have. Amount outstanding and repayment amounts. These include details of credit cards (limit and debt), HELP debt, store cards etc.

. Number of dependants and ages.

. Details of any Centerlink payments and family benefit payments.

. Details of any current or previous credit history problems.

. Details of Savings/gifts/Inheritance etc that will be used as deposit

. Details of any other income (eg: rent)

. Any maintenance payments or income.

4. Find out how much you can borrow

Avoid the heartache of finding a property that is perfect for you and then finding you can’t afford it. The banks have tightened the lending rules so you might find it harder to borrow then you thought. Our preferred provider can help you greatly as different banks will lend the same person very different amounts and you would not discover this by going to only a few banks.

If you even supply Richard with the above information on your initial phone enquiry he will generally be able to give you an accurate indication of your chances of obtaining finance.

5. Choose a property

Once you know how much you can borrow you are then well on your way to finding a home. Keep in mind what you really need for now and the future as you may end up staying in the property a lot longer then you thought.

Mortgage Broker Cairns is delighted to refer you to our preferred provider Richard Staines of Better Finance Solutions who can help you achieve your property goals.