Mortgage Broker Melbourne Questions

17 questions from our users
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

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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

Hi Marc its Shamsher singh . I m reading really good reviews abt ur work and helping people to get the best mortgage. Plz can u help me as I m new to buy house and I have 5% savings as I m trying to do more . Me and my wife both working . Ur guidance required. Thanks

Shamsher asked on Dec 11, 2016

Hi Mark you seem to have a lot of good reviews. Would you be able to help me in buying my first home. I am self employed so on my tax return shows low income $40000 would you be able to add depreciation and expenses as income? I am living in Brisbane and it's very hard to find a reliable broker. Would be looking to buy a house around between $300000 and $340000. Cheers Anthony

Anthony asked on Dec 09, 2016

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Hi Anthony,

Thanks for your enquiry! I have responded to the email that you sent to me. Cheers! Marc

Hi I am looking to buy in Melbourne and we ave our house in Ballarat for sale which could sell anytime soon. We looking to put 60% deposit all up when sold but we already have cash for a 10% deposit for a house valued around 700K to put in now. I am looking at finance for the loan with a 60% deposit and the rest financed. Can you help me Marc? Tim

timmysone asked on Nov 03, 2016

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Hi Tim,

Thanks for your enquiry! Could you please email me so we can connect? marc@mortgagebrokermelbourne.net.au

Was looking at buying an apartment in Travancore to live in. Looking at $300,000 -$350,000 . Wanted to try and get a good mortgage deal and also want to find out how quickly I could get it?

Bill Q asked on Nov 02, 2016

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Hi Bill, Thanks for your enquiry! I'd be happy to assist. I'm sure you appreciate the need for me to gather some information from you, could you email me directly so I can send our quick responsible lending questionnaire? marc@mortgagebrokermelbourne.net.au

Hi there, I'm looking to buy an investment property which is only 48m2 . The price is expected around 320k . Can you help me get a loan at a good rate , with an offset account quick ? Cheers

Raf asked on Aug 07, 2016

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Hi Raf,

Thanks for your enquiry! I'd be happy to assist, could you email me at marc@mortgagebrokermelbourne.net.au so we can get the ball rolling? Cheers! Marc

Gday I'm enquiring on two fronts..a contract to sell my property at 1494 Upper Esk Rd, Upper Esk .Tasmania,7214( ...the agreed price was $260,000.was signed..The purchaser,Elisha Bogey from Beaudesert in QLD,had her ANZ loan approved ,subject to valuation, The valuation came in at $210,000,so the bank agreed on principle, to lend her the $210000 if she stumped up the difference, which she did.The bank was willing to accept her parent's,1 million dollar property at Biddabbada.. as security. Elisha heard last week that the revised loan was not approved by the ANZ Melbourne Office.. I also have an existing ANZ mortgage on Upper Esk, with a balance of $88000..Ive had discussions with my local ANZ bank about a security swap,Upper Esk for the property I am committed to buy here in Penguin {28 Mission Hill Rd , Penguin,Tas.. 7316} for $250,000..I'm wanting to increase my mortgage to $113,000 OK ..my question..Can you find a loan for Elisha and or me? Regards Peter Kaye..

Pedro asked on Jun 08, 2016

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Hi Peter, thanks for your enquiry but I am only able to assist clients in Melbourne. Have you tried to find someone local? Cheers! Marc

Hello, My name is Vanessa and I'm a first home buyer looking to occupy not invest. Currently looking to get a loan for a house I purchase back in April 2015 off the plan. Settlement due Oct-Dec 2016. Can you help? Thanks Vanessa.

Vanessa asked on Apr 15, 2016

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Hi Vanessa, I'd be happy to assist!

I wonder if you could email me at marc@mortgagebrokermelbourne.net.au so we can tee up a time to have a chat?

Have a great weekend!

Marc

Hi! My partner and I currently reside in London but we're looking to move back to Melbourne next year. We are thinking we want to purchase our first investment, would you be able to help us with this request and walk us through the options? We are both very new to all of this and we are looking for someone to help us along the entire journey as we know it can be very daunting. Thanks, Rose

rose asked on Feb 18, 2016

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Thanks for your enquiry Rose! I'd be happy to assist. Can I ask you to send me an email, so I can forward our responsible lending fact find questionnaire to you please? My email is marc@mortgagebrokermelbourne.net.au

We want to look at combining our credit cards car loans onto home mortgage. We want the best solution on offer. At moment home loan is $335000 other debt approx total $60000. We live in Williams landing owned home now 5 years approx value of home $550000. Is this possible? Home loan with Westpac. Bonnie 0417 511 359

Bonnie asked on Jan 22, 2016

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Hi Bonnie,

Thanks for your enquiry. I will call you on your mobile today.

Cheers! Marc Barlow, Mortgage Broker Melbourne

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