bad credit

Activity of Mortgage Brokers / Help of Mortgage brokers

Activity of Mortgage Brokers

By | bad credit, Commercial loan, Construction Loan, Debt Consolidation, Guarantor Home Loan, Low Doc home loans, Low Doc Loan, Mortgage Brokers | No Comments

Activity of Mortgage Brokers

There are many situation, where you need help of Mortgage brokers. For example, you need:

Suitable loan for you

Your Mortgage Broker must talk with you, answer your many questions. This gives him the opportunity to determine which type of loan is most suitable for you.
You will need to provide documents to support your identity and financial situation. Your mortgage broker will advise you of what you need for your particular situation.
If your mortgage broker has an understanding of your objectives and financial position, he will discuss the various loan products available. A mortgage broker should also provide you with product comparisons and inform you of proposed mortgage repayments and any upfront and ongoing fees.

After that, your mortgage broker will search their database containing hundreds of loan products from many different lenders, including major banks, smaller banks, credit unions and other lenders. This database of Premium Mortgage Brokers includes 40+ lenders. We have access to some exclusive loan products which are not available elsewhere.

Manage the whole process

The mortgage broker negotiates on your behalf with the lenders from the beginning of the process and until the loan is settled. Your mortgage broker will help you to complete the necessary paperwork and liaise with the lender on your behalf. Your mortgage broker is also required to inform you of Internal Dispute Resolution procedure.

The responsible lending obligations require a mortgage broker to:

  • Reasonable Inquiries. He make reasonable inquiries of the consumer about their financial situation.
  • Assess whether the credit product is unsuitable for the consumer and only proceed if the credit product is not unsuitable.
  •  Copy of the assessment. He andgive the consumer a copy of the assessment if requested.

Premium Mortgage Brokers are best specialist in SydneySunshine Coast and Brisbane. We also have a list of most popular questions for Mortgage Broker.

How to choose a Mortgage broker?

How to get a home loan with a bad credit history

How to get a home loan with a bad credit history?

By | bad credit, bad credit history | No Comments

How to get a home loan with a bad credit history?

Many Australians who fall the bad credit category do not deserve it. Most of them have simply been through divorce, have lost their job, suffered injury or had business failure.

If a bad credit history has become a reality, but the need for borrowing money is maintained, then getting new loans from banks is difficult, and in some cases, impossible. You shouldn’t count on the fact that having ruined your relationship with one bank and applying for a loan to another, you can start a new life. But having bad credit shouldn’t stop you from getting a home loan.

You can still get a home loan if you have paid defaults on your credit file. These will appear on your credit history and your success will depend on the lender’s policy in regards to paid defaults. As long as there is a good reason and the amount is small, like a telco bill, then you will have a good chance with a mainstream lender.

Who can help me get a home loan with a bad credit history?

Thankfully, there are a range of brokers, who will help you. Mortgage Broker help is very important. Self-correcting this problem will be very difficult. You need to understend all the intricacies of this case. It is work for good specialist. The advice you can get from a broker who knows what they are doing and who knows which lenders will consider you before you even apply, is often invaluable.

Do you have bad credit in Sydney, Sunshine Coast and Brisbane. Don’t get upset. Premium Mortgage Brokers can help you.

So now you know how to get a home loan with a bad credit history. And now you know that in this case you really need help of Mortgage Broker.

If you want to know anything else please contact us. You can contact us without leaving home.