Cameron McDonald
Mob: 0409 55 96 97
How Much Can You Borrow
My role as a specialist mortgage broker is to make sure you get the loan you want, when you need it, whilst managing all of the other parties involved. I deal with the agents, builders, conveyancers and lawyers to make sure everything runs smoothly. When we first make contact, I will email you some basic information including a document called a "snapshot". We need you to fill this out and return it, as it gives us an idea of your current situation, what we need to do and how much time we have. When we meet I will ask a series of questions to find out the best way to advise and help, and aim do an application for the product of your choice with the lender of your choice.
It is a full partnership process, you will need to supply all of the information required as soon as possible. We liaise throughout the process, to settlement and beyond. Leave the stress to me.
On the top left hand corner of this page there is a button for our calculators. Have look at at which one suits you, then give me a call 0409 55 96 96 so we can go into more detail. Easy.
Testimonials
"We liked being provided many loan options from a range of lenders, Cameron was also able to work around us for appointments"
Adele, Gisborne
"Friendly, pleasant, flexible, patient, knowledgeable just all round great service! "
Chris & Kidji, Moonee Ponds.
"Cameron has been brilliant for us. We are saving a fortune ! "
Luke & Tania, Sunbury
"The only person who returned my calls and emails"
Mark, Gladstone Park
How to choose a home loan
Here are 5 essential tips that you should consider when choosing a home loan:
1. Interest rates
Interest rate is obviously important, but remember that you are not simply looking for the home loan with the lowest interest rate because there are many other considerations.
For example, the mortgage lender with the ‘best’ interest rate may have high ongoing fees and therefore your home loan may cost you more in the long term than a similar one with a higher interest rate.
Be sure to consider ‘break and switch’ costs as well because if you decide to pay out your home loan or refinance before time will you be charged exorbitant fees to do so.
Also, be wary of an introductory rate. It may be ‘cheap’ at the start but it may also revert to a much higher rate after once the introductory term has finished. You should try to negotiate an interest rate discount with your mortgage lender over the longer term.
2. Features and flexibility
What are the home loan features that you need? Home loans with the ‘best’ interest rate may not have all the features you need or be as flexible as you need it to be. For example, do you want the ability to pay extra so you can prepare yourself for future rate rises and also create a buffer if your financial circumstances change?
You also need to consider the accessibility of your mortgage lender in terms of ATM, internet, face-to-face contact, etc. Decide what you need and ask whether your chosen home loan lender has the features available.
3. Consider the current home loan approval times
Is your home loan approval time critical? If so, the lender with the ‘best’ home loan may not be able to get your loan approved in time. During peak processing periods, lender service times can vary between 2 to 20 working days.
4. Compare home loan products
Visit a reputable mortgage broker with more than 20 lenders on their panel. This way, you can research and compare a broad range of home loans and lenders all within the one visit.