Hello again and in this week’s blog post, we wanted to offer something that might not have a financial value – but it could certainly play a major role in your mortgage decision. Here at Tundra Mortgage Brokers, we like to consider this nugget of guidance to be far more valuable than anything else that you can expect to come across and with it, you may be saving yourself time and money in the end.
Now we know what you’re going to say… “What is this little gem and why haven’t you spilled the beans yet?!?!”
Okay, we get it – you’re keen to find out how to take full advantage in time for your mortgage application; but that’s what the piece of mortgage advice that we have to offer involves; your time.
What? My Time? But Why?
How many people do you think rush head first into mortgage applications without actually giving the due care and attention that it really deserves?
We’ll give you an idea – every year countless people that ended up rushing into an agreement and were then left kicking themselves.
Why is this you ask? Well in most cases there can be a few reasons. The first is that by speeding up an approval, the lenders were able to secure terms that benefit them, whilst taking full advantage of your finances.
And we don’t work with those types.
The second main reason for regretting a mortgage agreement is the terms and conditions that it might include. You might have been asked to pay a higher deposit, or perhaps you were forced to cover the cost of fees that others may not have been subjected to. Some banks are a real chore to work with – and without people like us behind you, you might not get to find out which ones they are!
So, what’s the advice exactly?
It’s easy. Just. Take. Your. Time.
What’s the rush? If you’re going to be approved for a home loan, then it’s going to happen anyway. Lenders consider the same factors and they analyse the same data – so if you are going to apply, why not take your time and make sure that it’s done properly? That’s where we come in. We can’t guarantee that you’ll receive approval on your mortgage, but we can do everything in our power to minimise your stress, whilst ensuring the right mortgage solution for your needs.
We hope that you put our advice to good use (helpful tip –get in touch with us).
Credit Representative Number 496186 is authorised under Australian Credit License Number 389328
Disclaimer -This page/article provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.