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LOOKING FOR A MORTGAGE BROKER IN BRISBANE

CALL US NOW ON 1300 137 586

When I first ventured into the business as a mortgage broker back in April 2000 they said I was mad. Who needs a mortgage broker who pays a cash rebate back to their clients.

We operate very differently to other mortgage brokers and as a result we have very low overheads and the money we save is shared with you - our customers. As John Symond used to say "it's not rocket science".

The current market

With the Qld Government are removing the stamp duty concessions on owner occupied home purchases while does not impact the First Home Buyers concession it will result in a near doubling of stamp duty costs to buyers. There is some relief for new home construction with a new $10,000 rebate and this is available to all home buyers not just first home buyers who still get the $7,000 first home buyers grant. However removing the stamp duty concession is not good news for existing home owners looking to sell in the current residential market which in South East Queensland is very difficult. Prices have been falling 5.9 per cent in Brisbane according to RP Data. With sales volumes down a massive 52 per cent on 5 year averages. However the poor sale clearances is forcing sellers to review their asking prices and there are some bargains starting to appear in the market. While recent figures from rating agency Finch show that one out of every 50 Queensland borrowers are struggling to pay their mortgage on time - with Logan area having most mortgages in default - it now appears that home loan interest rates will fall rather than rise. This could reduce stress and may bring people back into the market sooner.

For buyers and holders now is the time to review your borrowing costs with lots of attractive offers and rebate to lure you to refinance. So it is even more important to not just get the lowest interest rate - you must get the right loan for your needs. The right home loan may not have the best interest rate. The right home loan for you may be all or part a fixed rate loan or an introductory rate loan or a loan with an offset account - or a loan with absolutely no features at all. The problem for many borrowers is that if you don't understand the implications of all the options how can you assess if they are best suited to your needs. Unfortunately many lender's web sites are more focused on getting you to submit an application rather than informing you all the information that you need.

That is why you need the services of an experienced, honest, MFAA accredited mortgage planner. A broker who is paid commission by the lenders to introduce your business should be happy to fully disclose that commission to you. A broker who will advise you upfront and in writing which lenders are appropriate, their interest rates and all fees relating to your loan..all in writing'.

So our service is free to you but that doesn't mean it has no value. Why not give us a call today for the cost of a local phone call on 1300 137 586 or click here to submit a quick inquiry. If you live overseas and want to finance or arrange mortgage refinancing in Brisbane click here for our offshore arm expat home loans.