Mortgage
Broker
Specialists

You definitely can, but there are many benefits to choosing a broker over going to a lender yourself. Mortgage brokers, like our professional team at Mortgage Innovations, have access to a range of lenders, so you’ll have a few options to consider. We work hard to find the best policies for you, saving you the time, hassle and stress of searching around yourself.

At Mortgage Innovations Gold Coast, we offer a free consultation to give you a picture of what we can do for you. You’ll probably need to pay lender and government fees as you arrange and settle your mortgage. These might include stamp duty, land transfer registration, and discharge registration, and you’ll also need to allow for council rates, conveyancing, and body corporate costs. You might need to pay a loan application fee or a charge imposed by your lender, but as your trusted broker we’ll work to keep these costs down. If you’re refinancing your property, there’s no need for a conveyancer, stamp duty or land transfer registration, so costs will be lower.

When you book Mortgage Innovations for a free consultation, we’ll take the time to get to know you and your financial situation so that we’re able to recommend the best loan. We might ask questions about your income, expenses, debts and assets, and we’ll use this information to identify the right solution and strategy for your needs. We’ll advise you when we’ve found a suitable lender, and will explain why we think they’re the best option for you. And if you want to consider several options, that’s no problem – comparison and finding the best outcome are at the heart of what we do.

Not at all. You’re under no obligation to take the first option that comes your way and are most welcome to shop around and compare before you make your final decision. We understand that choosing a lender can be stressful, and that’s why our friendly, expert Gold Coast brokers are on hand to advise you on the loans and lenders available and to present the best deals for you and your circumstances.

The application part is easy. To start with, get in touch with our team at Mortgage Innovations Gold Coast. We’ll chat with you to understand what you need and want, and once we’re agreed on the way forward we’ll ask you to submit particular documentation to complete and secure the loan. We’ll meet with you to talk about your options before applying for the loan on your behalf.

There are several things you can do to improve your chances of getting your loan approved:

• Save regularly: The size of your deposit is one of the key deciding factors in whether your home loan will be approved. The larger deposit you have, the less you’ll need to borrow. Many lenders require a 20% deposit, which shows you’re committed to saving.
• Manage spending: A lender will assess your bank statements to see how you spend. If they see overdrafts and after-pay services, this won’t look good. That’s why showing good spending habits, especially as you lead up to applying for a home loan, is a good idea.
• Maintain a good credit score: Your broker or lender will need a credit check to identify any red flags, such as debts or bad spending habits. If you have a higher credit score, you’ll have a better chance of being approved for a loan. You can do this by making sure you pay bills on time and don’t defer payments.
• Clear your debts: Before applying for your loan, make sure you clear any unnecessary debts or credit. This might include credit card debt, car or personal loans, and subscriptions.
• Use a guarantor: A guarantor, usually a family member or friend, will put their house up to help secure a loan. They’re especially useful if you don’t have the 20% deposit on hand.
• Choose the best lender: With so many lenders and loans to choose from, it’s hard to know which way to go. That’s why a great mortgage broker, like our Mortgage Innovations team, will help you identify the best loan for you and your situation.
• Click here for more practical tips on how to improve your credit score.