Firstly, Mortgage Broker Group will give you a responsible lending questionnaire. Take 15 minutes to fill it out, and we will then have the information required to asses your lending capacity and start searching for the loan that best suits your circumstances and desired outcomes.
Your broker will then arrange a meeting and show you the results of our search. We’ll usually have a couple of loan products to show you. We’ll explain the basics of different loans and different lenders, the difference between fixed and variable loans, and the relative merits of basic loans versus loans with more features. We know the jargon can seem complicated, so we take the time to make sure you’re comfortable.
Some lenders have different rules depending on the type of property you purchase (apartment, house, converted warehouse, large property, etc), and your Mortgage Broker Group broker will explain the rules that apply to you.
We will also explain the end-to-end process of purchasing property, from inspections and Section 32s to conveyancing and settlement. We’ll cover all bases; it’s a great time to ask questions and ensure you understand the whole process of property purchase.
We know it’s a lot to take in, so we’ll also give you our Mortgage Broker Group Handbook. This guide includes explanations of loans and the purchase process, as well as advice on bidding at auctions and negotiating a good price.
Buying a property can be stressful enough without having to spend hour sifting through different loans, contracts, rules and regulations. Mortgage Broker Group knows the industry and the process inside out and we can reduce your legwork and stress.