Best Mortgage
Broker Sunshine Coast

best mortgage mortgage broker in sunshine coast

Buying Property On The Sunshine Coast? Work With Sunshine Coast Best Mortgage Brokers

Looking to purchase a property on the Sunshine Coast? Work with the best mortgage broker Sunshine Coast to ensure you have the right finance to buy your dream property. Read on for our guide to your questions like:

  • Where is the best mortgage broker near me?
  • What to look for in a mortgage broker Sunshine Coast Qld
  • Why should I use a mortgage broker?.

For advice from one of the best recommended mortgage brokers on the Sunshine Coast (that’s us!) read on for everything you need to know about working with a mortgage broker.

Requirements for a mortgage in Australia

The first step to getting approved for a mortgage is to get your documents in order. A professional mortgage broker will help you with everything you need to get pre-approval and/or formal approval on a home loan. The following documents are a quick snapshot of what you usually will need to provide for a home loan application

Proof of
income

Payslips, tax returns

Proof of savings and bank statements

A list of all current assets and liabilities

Credit card and personal loan debt

100 points
of ID

Driver’s license, passport and Medicare card

Depending on your line of work and type of income streams, these documents may vary. Working with a mortgage broker allows you to be informed of your options if you do not have the usual requirements for a traditional home loan.

What is the application process for a mortgage?

The application process for a home loan can be lengthy and complicated. Using a mortgage broker to navigate every step with you means less stress and getting it right the first time. First, we will guide you through gathering all the necessary documents that you need then you will go through these steps

mortgage apply sunshine coast

Questions you need to ask your mortgage broker

Before submitting your mortgage application, here are some questions to ask your mortgage broker:

To assist first-home buyers, different states and territories offer incentives called the FHOG (First Home Owner Grant). The type of property you are buying, your location and where it is located will determine the discount. You can find out if you are eligible for the FHOG, by visiting the website of your state government or asking your broker to find out for you.

Every home buyer is in a different financial position. Lenders will determine how much money you can borrow based on your income, expenses, financial obligations, and other factors. If you need to increase your borrowing ability, there are many ways to do so like improving your credit score and reducing your expenses. Talking to a mortgage broker can give you more concrete ideas to increase your loan.

The principal factor for how much you pay back on your loan is the interest rate. Comparing different loan products using their comparison rates with your mortgage broker is the best way to determine if you are being offered the best rate.

When promoting a loan, lenders are legally required by law to show the comparison rate because it includes the interest rate, fees, and charges all rolled into one figure. The comparison rate provides a more accurate indication of the loan cost.

The property’s value, and therefore your home loan amount, will determine the amount of money required to make a deposit and lenders usually require at least 5% of your property’s purchase price. However, LMI (Lender’s Mortgage Insurance) will usually be required if you have a deposit that is less than 20% of the purchase price.

To verify your income and personal identification, your lender will generally require tax returns and bank statements. As the requirements for loan applications can vary from one lender to another, it is worth speaking with your mortgage broker to learn more. A smoother loan application can be made easier if you have all the documents ready to go.

You don’t just have to pay the deposit but you do need to be aware of any upfront fees. Additional fees can include stamp duty, solicitor/conveyancing fees, mortgage application fees, and moving costs.

It is important to fully understand all fees and charges associated with a home loan before signing any contract. We make sure to guide you through every document and explain or answer thoroughly any questions you might have throughout this process.

Asking your mortgage broker these questions early on in the process will help avoid some common mistakes that a lot of people make when buying a home.

Are you wondering if you are eligible for a loan to buy a house? Get answers by talking to one of our mortgage experts.

How to know if you’re working with the best mortgage broker

They are experts in your situation
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The right mortgage broker for you will be experienced in the type of home loans that you need. Let's say that you are self-employed. If a mortgage broker has little to no experience with self-employed people, they won't be able to provide the best service or a quick and easy loan application experience. A mortgage broker that has years of experience in loan requirements for self-employed applicants, like Sunshine Coast Financial Solutions, can make the process just as easy and fast as for traditional employees.
They are familiar with similar situations to yours
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A great mortgage broker recognizes your unique situation. You should work with a mortgage company that understands your needs and goals and is willing to give you the personalised service that you expect.
They will use whatever contact method you prefer
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Everyone has their preferred method of communicating with their mortgage broker. Some customers prefer to call while some prefer to receive text or email messages. Communicating to your mortgage broker should be easy and as stress-free as possible. If a mortgage broker is flexible and open to using your preferred communication method, it is a sign you are with the best mortgage broker for you.
They are patient and thorough in answering your questions.
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If you feel satisfied with the information you received during your consultation, then you will know that you have found a good mortgage broker. It is important not to feel rushed or impatient by the expert who will be helping you through the mortgage process. The company also needs to be transparent about its processes and policies with you.
They keep in touch with you.
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This is a sign that you're working with the best mortgage broker. Not only do they communicate with you through the method you prefer, but also provide regular updates throughout the process. If you are with a mortgage broker currently and you feel like you aren’t up-to-date and informed, you may consider switching to Sunshine Coast Financial Solutions for your home loan needs.

Benefits of working with a professional team of mortgage brokers

Lower rates

It is not uncommon for banks to be less transparent about what their interest rates - as well as fees and charges - are in their advertising. It can make it hard for the everyday homebuyer to compare interest rates between banks and other lenders. An independent mortgage broker can help by assessing multiple lenders’ options on your behalf to get the best rate possible for your home loan.

Deposit advice

Saving for a house can seem overwhelming and it may be possible that you have not reached your savings goals by the time you are wanting to buy property. A mortgage broker can help you create a plan, and also work alongside you as you move on to the next step in your property-buying journey. Having a clear financial and savings plan allows you to become a favourable candidate for banks and a viable lending situation.

Provide valuable insight into different mortgages

Expert mortgage brokers can give you valuable insights into the different types of loans and offer recommendations as to which one will be best for your needs. A low-doc loan for a home or a specialised loan for self-employed may be best for you or bridging loans may be an option if your property is being sold.

Negotiate a better deal

Through simple home loan reviews, mortgage brokers can help you save on interest by finding a better interest rate or more suitable loan. Mortgage brokers can also investigate your options for finance if you have a low credit score or you need a larger loan than your existing bank will approve. Experienced mortgage brokers have connections with lenders that specialise in lending money for people who are not eligible through traditional channels.

Specialised advice

To the general home buyer, mortgages can be complicated with many fees and numbers which can be difficult for individuals to understand what is the best home loan for them. What does it mean to have a higher interest rate than others? Are you sure that you will have enough money to pay your monthly repayments? A good mortgage broker can give you clarity about all these factors so that you are able to make informed decisions about the mortgage that suits your needs.

A lifetime relationship

The largest purchase for many Australians will be their home. You need someone to be there for you in all the ups, downs and challenges that life can throw at you when securing a property and financing it. In a way, mortgage brokers become like a confidant who knows your capabilities and worries when purchasing a home and in securing your future.

Why choose Sunshine Coast Financial Solutions for mortgage services?

We are committed.

Our mortgage specialist works closely with you from day one and follows a smooth, transparent, and systematic process.

We are experienced.

Our mortgage professionals have decades of knowledge and hands-on experience in the mortgage industry.

We strive to offer high-quality services.

We are consistently delivering great customer service and that is the reason our beloved clients recommend us to their friends, family members, and colleagues.

We are always available.

Our team is available 24/7 to answer all your queries and concerns. You may feel free to get in touch with them anytime.

We are transparent.

Our closing costs and loan estimates are fully accurate and transparent. We aim to maintain a long-lasting relationship and retain our clients for longer so that we can continue to provide excellent customer service.

We make the process convenient for you.

Our mortgage specialists are local to the Sunshine Coast and you can always come to see us in person.

Looking for the best mortgage broker on the Sunshine Coast? The team at Sunshine Coast Financial Solutions can help you find a home loan that suits your needs. Book a meeting or contact one of our mortgage brokers in Maroochydore now!

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