Very quick to disregard

1 out of 5, reviewed on Dec 02, 2013

+ At the beginning he seemed very helpful

- A waste of our time, too sensitive and easily offended when making perfectly normal comparisons.

1 person found this helpful, do you? Yes

Comments
Mortgage Broker Melbourne Official

We are very sorry you had a bad experience but, since you have left no name here, we don't know who to make contact with directly. Our broker's manner has clearly offended you and for that we since... read more »


Questions & Answers

Hi, I've just hit my second year of self employment, am I able to book or receive some information in regards to what I need to apply for an investment prop or first home buyer loan? A rough estimate on what I would be looking for would be a 300k loan. Currently have 15k deposit saved, with a before tax of 80k earnings. Am I able to enter the field or should I come back once I have a larger deposit. Any help would be greatly appreciated as I've herd nothing but great things about you guys. Thanks.

Alan asked on Jul 06, 2017

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Hi Alan, thanks for your enquiry! We'd love to chat to you because there is a bit more info we would gather before we could properly advise. Could you give us a call on 1800 111 626? Grace would send you a link to our responsible lending questionnaire to get the ball rolling. Cheers! Marc

Hello Alan,
Grace here from Mortgage Broker Melbourne.
further to your query above, banks have two main criteria when assessing a loan. One being that you can afford the loan based on your income. I have done a very brief servicing with the information you have provided above, and borrowing capacity for a $300K purchase is evident, which is great news.

The second criteria banks will look at is that you are not borrowing more than 95% of the value of the property your are purchasing. With a $15K deposit this barely scrapes through at 95%. the other thing to consider is that when you borrow more than 80% of the value of any property an Insurance is payable to lenders and this is called Lenders Mortgage Insurance. This unfortunately cannot be waived and is added to the loan in most cases, so once we add the mortgage insurance which is approximately $8500 this takes the overall lending to 98%. in this case you would need to save a further $8500 to cover the insurance cost.

you are almost there which is great news!
Alan, my number is 0434 266 411
please call me at any time, should you have further queries, and please feel free to contact me directly once you have the further funds saved and I will ensure one of your experienced brokers contact you to help guide you through the process.

have a fantastic day
regards.
Grace Macca-Chiodo
Mortgage Broker Melbourne
0434 266 411

Hi Marc I am looking for a propert in Morwell and was after a loan. Can you please help me get a good broker which can help me get a Lao. Around $150000. Regards Vicky

vickysingh38 asked on Jul 03, 2017

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Hi Vicky, thanks for your enquiry, we'd be delighted to assist. Could you please call 1800 111 626 and ask for Grace? She will be able to match you with one of our many experienced brokers. Cheers! Marc

Do you come out to clients homes?

Anne asked on May 10, 2017

Answer this

Hi Anne, yes we do visit clients at their convenience and we have several brokers so we cover most areas. Feel free to email me directly to tee up an appt, marc@mortgagebrokermelbourne.net.au

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