Mortgage Broking
At goodplan we save you time and money by finding the right loan for you and supporting you every step of the way
Our insights and assistance will get you the right funding at the right time, so you can proceed with your purchasing plans with confidence knowing that you’ve got a very sharp rate.
Our areas of expertise include
First Home Buyers
Buying your first home can be an exciting and overwhelming experience. Working with us will help make the process as seamless as possible, getting you into your first home sooner.
Home Loans
Whether you’re looking to upgrade, downsize, or make a change, we’ll help you get into that perfect property with the best loan products for you.
Investment Property Loans
Borrowing to buy an investment property can be a great way to generate income and build wealth through rental income and property value appreciation.
SMSF Loans
SMSF loans and investments can be a complex area, so our tailored financial planning and LRBA loan facilitation services are designed to help you navigate the rules correctly to ensure that you’re invested appropriately and compliant.
Refinancing
Refinancing is one of the best ways to improve your cash flow by reducing your interest costs. Talk to us today about how much you could be saving.
Debt Consolidation
We can help you to consolidate your debt, simplifying your financial position and saving you on interest costs.
The Goodplan Mortgage Broking Process.
Discovery
We’ll find out all about you and what you’re looking for, so that we have a really good understanding of your personal situation. This will include getting full details of your financial situation, so that we can come back to you with clarity on your borrowing capacity.
Presentation
Once we’ve found the best options for you, we’ll walk you through these and help you choose the best option for you. This will include selecting the right lender and the right loan features to meet your needs.
Submission
We’ll then provide full assistance submitting your loan application to the relevant lender. We’ll work with you to ensure that they have everything they need to assess your application as efficiently as possible.
Approval
From pre-approval to unconditional approval, we’ll assist you every step of the way so that you can proceed with your plans with confidence.
Settlement
Our goal is to take the stress out of settlement so that you can enjoy this very exciting stage of the process.
Review
As your circumstances, interest rates and products change, we’ll be there to ensure that you’re in the right loan for you, now and into the future.
Mortgages and Loans FAQ
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Mortgage brokers work as intermediaries between borrowers and lenders. They help borrowers find suitable loan options from a range of lenders and guide them through the application and settlement process.
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Mortgage brokers typically receive commissions from the lenders they work with for the loans they secure for borrowers. The commission is usually a percentage of the loan amount.
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The benefits of using a mortgage broker include access to a range of lenders and loan options, personalized service, and assistance with the application and settlement process.
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The mortgage application process can take several weeks, depending on the lender and the complexity of the application.
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Several factors affect the interest rate on your mortgage loan, including your Loan to Value Ratio (LVR), credit score, income, loan amount, and loan term.
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A pre-approval is a letter from a lender that confirms your conditional eligibility for a mortgage loan. It is important because it helps you determine your budget and gives you an advantage when negotiating with sellers.
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The amount of deposit required for a mortgage loan varies depending on the lender and the type of loan. Generally, you will need to provide a deposit of at least 5-20% of the purchase price.
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Lenders Mortgage Insurance (LMI) is a type of insurance that protects the lender in case the borrower defaults on the loan. It is typically required when the borrower's deposit is less than 20% of the purchase price.
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The costs involved in securing a loan include application fees, valuation fees, legal fees, and lender fees. It is important to factor these costs into your budget when considering a loan.
