Fairway HomeLoans

Finding the Best Adelaide Mortgage Broker

How to find the Adelaide Mortgage Broker is a normal question to ask, when hunting for a mortgage.

Most people get what they need when they get a loan, but not what they want. If you have had a loan in the past you would know that you get the basics with the following mortgage:

•    Give details to the banker or mortgage broker so the paperwork can be submitted
•    They talk about the best loan they can do
•    They may help with the paperwork
•    Then you buy the property, or refinance whichever the case
•    After the business is done – so is the relationship in most cases

Above is the standard in our industry – and this is ok if you want to go through life not understanding about how finance works. Working with the Best Adelaide Mortgage Broker you get behind the scene advice and learn how to use the tricks of the trade to YOUR advantage.
 
To get the most out of YOUR situation the following questions should be asked from your
Adelaide Mortgage Brokers :

•    What are you planning to do now and in the future? – Yes a BIG question with many clients wanting different things. Sometimes this is a hard question as we are not often asked to talk about our future desire and needs. You will find by having an idea of what it is you want and where is this choice going to take you- THEN alone  the right approach can be taken from the finance point of view

Example 1 – A couple buys a house to do up then sell within 2 years. Sounds simple and is. BUT what if the mortgage setup for this couple had BIG exit costs within the first 4 years of the loan. That would make the knowledge of the couples needs more important as one type of loan may cost $5,000 to exit, yet another similar loan may only cost $500. Same initial process and deal done – completely different outlook and end result

Example 2 – A self employed business owner wants to refinance his homeloan and use another lender. Without this key bit of knowledge and the clients ideas for the future a lot could be missed in this simple refinance. What if a structure could be setup to use business cashflow to pay off personal debt quicker- Instead of a 30 year homeloan it may be paid off in 10 years? What if future potential tax deductions can be made legally by setting up the right structure? Would extra dollars each week make a difference especially if they where otherwise unaware of the possibilities that could be done with the right advice from the start – not after when its too late.

Example 3 – Could things in the near future change, ie  partner having a baby, changing jobs, wanting to do extensions in the near future. Whatever it is, some of these can create problems with the mortgage down the track. Knowledge upfront may prevent a lot of headaches later. If the mortgage broker is aware that you plan on having a baby in the coming years, in this example there is a product that allows 6 months of reduced payments while on maternity leave, to help ease the burden on full mortgage repayments while on one/or lower income.

As you can see finding the Best Adelaide Mortage Broker is easy – he asks the most questions and gives you all the advice you didn’t know you needed.

Above is just a fraction of what you need when looking for the Best Adelaide Mortgage Broker
To get more information goto www.fhl.net.au  and fill in enquiry form.

PS
Some of the extra questions the Best Adelaide Mortgage Broker will give
•    Loan repayment Timing and the massive effect it will have
•    Asset protection – getting the right questions to ask
•    Cashflow – the quickest way to smash away at the debt
•    Not all debt is bad – how can the bad debt become good?

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