What to expect from your first meeting with your mortgage broker

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The first step in buying a property, a business or commercial equipment is often securing the finance, and the ‘make or break’ nature of that can make the first meeting with a mortgage broker a daunting prospect.

Your first meeting with a mortgage broker is an opportunity to really get cracking on making your dreams a reality. He or she has the expertise to help you do this, but you will need to pitch in as well, of course. It’s important to do your homework before that first meeting.

“Know the questions you want to ask and have a clear picture of what you’re after,” says Arafufura Finance Broker’s, Nicholas Kirlew. “Be that a home loan, refinancing a loan or setting up a self-managed super fund for the purposes of buying a property.”

Your Mortgage Broker will also expect you to have your documentation prepared as well as possible. This includes having two pay slips ready or, if you’re self-employed, having two tax returns at hand.

“You will also need evidence of any other income and assets such as shares, dividend income and other investments,” says Nicholas. “If you go into that first meeting with all the information prepared, it makes it much easier for you and your mortgage broker.”

You should expect your mortgage broker to ask a range of questions about your current and future lifestyle and financial situation, so he or she can take into account factors such as whether you are planning to start a family.

“Your mortgage broker is trying to understand who you are and what you are looking to achieve, to help you meet your goals,” Nicholas explains.

Working with a mortgage broker gives you the expertise you want as well as access to potentially hundreds of different financial products from scores of different financial institutions. This differs from approaching a bank, which will only be able to make recommendations about its own financial products.

“Mortgage brokers have a huge choice of financial products available to recommend, which means they are able to suggest the right product for a client’s individual needs.”

MFAA-accredited mortgage brokers are the mortgage industry and mortgage product experts, and will work with you to find out which loan and lender will suit your needs. www.essentialsofborrowing.com.au/find-a-credit-adviser.

To contact a Darwin home loan from a Darwin mortgage broker call today on 0447 499 794. You can access our Mortgage Calculator here.

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6 Steps to Fast Track the purchase of your First Home

Buying your first home is an exciting process.

Having the correct information will help you to achieve your First Home.

You will have questions such as:

What loan types are available?
Which lender do I use to get my loan?
How much can I borrow?
What will my repayments be?
Can I afford it?
What if I don’t have a deposit?

All these questions are valid and can be answered by downloading the free guide here.

My name is Nick Kirlew and I am a professional Darwin based mortgage broker here to help you achieve your goals and dreams.

The guide is to make the process of buying your first home as stress free as possible.

When you download this free guide it will help you begin this adventure by taking you through the 6 steps to fast track the purchase of your first home.

Regards
Nick Kirlew Mortgage Broker

First Home Buyers Guide Video - Episode 1

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Contact - 0447 499 794

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Arafura Finance Brokers is an Authorised Representative (No. 420372) of BLSSA Pty Ltd, ABN 69 117 651 760. Australian Credit License Number 391237.

Find us on Facebook: Arafura Finance Brokers.

Contact Nick Kirlew Mortgage Broker on 0447 499 794.

Darwin, Refinance, Home Loans, First Home Buyer, Mortgage Brokers.