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Mortgage Broker - Let us save you some money!

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    #31
    Originally posted by Joey_P View Post
    Do you work with interstate clients?

    Spoke to a broker recently and he reckons the banks require brokers to have in person meetings now?!?!
    I think they need at least 1 meeting for positive ID? Or you have to verify through post office etc.
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      #32
      Originally posted by Joey_P View Post
      Do you work with interstate clients?

      Spoke to a broker recently and he reckons the banks require brokers to have in person meetings now?!?!
      Hey Joey sure do.

      Some lenders require you to meet face to face but these are often not the best / most suitable option. ID requirements still need to be covered off through a certification process (as per above) and this varies depending on lender ranging from going into a branch to having a representative visit you in person.
      Find your Freedom
      Home Loans | Car Loans | Investment Portfolios | Property Management
      www.FreedomFunding.com.au
      www.ProgressiveProperty.com.au

      Click for PF Loans
      If you're thinking of buying, or that you may be paying too much on your home loan PM me for a no obligation chat!

      Comment


        #33
        Just having a look back at the numbers this year... on average those on PF who refinanced saved on average $3,430 per year in interest per loan. That is pretty much bang on average for non-PF refinances which delivered an average $3,465 per year saving!
        Find your Freedom
        Home Loans | Car Loans | Investment Portfolios | Property Management
        www.FreedomFunding.com.au
        www.ProgressiveProperty.com.au

        Click for PF Loans
        If you're thinking of buying, or that you may be paying too much on your home loan PM me for a no obligation chat!

        Comment


          #34
          I'd rather pay an extra $35 a year and stay on PF - is that ok ? :p
          The older i get, the better i was...

          Comment


            #35
            Originally posted by Fatboy View Post
            I'd rather pay an extra $35 a year and stay on PF - is that ok ? :p
            Everyone should be putting in their $35 a year to PF donations in either case :)

            LIMITED TIME OFFER: In light of the Royal Commission for now we are offering our service with NO FEE FOR SERVICE :knock:
            Find your Freedom
            Home Loans | Car Loans | Investment Portfolios | Property Management
            www.FreedomFunding.com.au
            www.ProgressiveProperty.com.au

            Click for PF Loans
            If you're thinking of buying, or that you may be paying too much on your home loan PM me for a no obligation chat!

            Comment


              #36
              I think I already know the answer, but any way to get around LMI when refinancing at >80%LVR or am I shit out of luck? We are at around 85% I would guess at the moment.
              this signature intentionally left blank

              Comment


                #37
                Potentially it can be done:
                1) We could run valuations with different lenders to see what comes back (can be be +/- 10%)
                2) There are also some lenders that do a niche 85% no LMI product

                Drop me a PM or email if you want me to take a look :)
                Find your Freedom
                Home Loans | Car Loans | Investment Portfolios | Property Management
                www.FreedomFunding.com.au
                www.ProgressiveProperty.com.au

                Click for PF Loans
                If you're thinking of buying, or that you may be paying too much on your home loan PM me for a no obligation chat!

                Comment


                  #38
                  cheers, will wait till everythings sorted here and then contact you.
                  this signature intentionally left blank

                  Comment


                    #39
                    Originally posted by CussCuss View Post
                    I think I already know the answer, but any way to get around LMI when refinancing at >80%LVR or am I shit out of luck? We are at around 85% I would guess at the moment.
                    Get a job at a bank? Staff loan goes up to 90% LVR with no LMI.
                    If in doubt power out

                    Comment


                      #40
                      Originally posted by Rona View Post
                      Get a job at a bank? Staff loan goes up to 90% LVR with no LMI.
                      Yep & some lenders will do it for specialized professionals - e.g. doctors, accountants, lawyers, etc
                      Find your Freedom
                      Home Loans | Car Loans | Investment Portfolios | Property Management
                      www.FreedomFunding.com.au
                      www.ProgressiveProperty.com.au

                      Click for PF Loans
                      If you're thinking of buying, or that you may be paying too much on your home loan PM me for a no obligation chat!

                      Comment


                        #41
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                        Financed this last month :)
                        Find your Freedom
                        Home Loans | Car Loans | Investment Portfolios | Property Management
                        www.FreedomFunding.com.au
                        www.ProgressiveProperty.com.au

                        Click for PF Loans
                        If you're thinking of buying, or that you may be paying too much on your home loan PM me for a no obligation chat!

                        Comment


                          #42
                          Originally posted by Morgs View Post
                          Yep & some lenders will do it for specialized professionals - e.g. doctors, accountants, lawyers, etc
                          Hi Morgs, Bit of a question regarding lending practices that banks do and if you can do them as a broker. Friends are in medicine and excutive big wigs. Banks give them really cool options like supplemental loans and speical discount rates. I ask my bank for them and get blank stares. Do mortgage brokers have access to get these deals for their clients?

                          Comment


                            #43
                            Originally posted by mizone View Post
                            Hi Morgs, Bit of a question regarding lending practices that banks do and if you can do them as a broker. Friends are in medicine and excutive big wigs. Banks give them really cool options like supplemental loans and speical discount rates. I ask my bank for them and get blank stares. Do mortgage brokers have access to get these deals for their clients?
                            Hey Mate, yeah we can. Might be easier if you PM me to chat as it'll depend on the exact circumstances, occupation etc as to what the options are and which lender can do what.
                            Find your Freedom
                            Home Loans | Car Loans | Investment Portfolios | Property Management
                            www.FreedomFunding.com.au
                            www.ProgressiveProperty.com.au

                            Click for PF Loans
                            If you're thinking of buying, or that you may be paying too much on your home loan PM me for a no obligation chat!

                            Comment


                              #44
                              Quick question for Morgs if you don't mind...

                              Say you have a IO loan that has the balance fully offset by cash.
                              The IO period is about to end and it's going to be switched to P+I..

                              What happens here? I'm guessing the bank will start reducing the credit limit on the loan at the rate they would have been charging the principal component of the P+I payments each month?

                              Comment


                                #45
                                So whats the best rate going around now for an owner occupier with good equity?

                                We just had ours bumped to 4.69% p.a.
                                .... because every driver experiences the destructive potential of the effortless surge of power available through the smallest of body movements.

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                                .

                                DrNick is king!!!! No, Mark Webber is now! Long live the king!... hold on a minute mate, Ricci is in charge now

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