What to expect when meeting with a Mortgage Broker

Sometimes financial matters can seem daunting

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 finance broker a daunting prospect.

Whats the first meeting like?

Your first meeting with a finance 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.

The right move:  A mortgage broker can help you achieve your property and business goals, through the choice, expertise and convenience they have regarding property, personal and business finance.

The right move: A mortgage broker can help you achieve your property and business goals, through the choice, expertise and convenience they have regarding property, personal and business finance.

How can I prepare?

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

Your finance 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.

I aim to be like a ‘financial library’ for my clients...I have a wide range of expertise which I put at their disposal
— Joe Gardiner

“You will also need evidence of any other income and assets such as shares, dividend income and other investments,” says Joe “If you go into that first meeting with all the information and documentation available, it makes it heaps easier for you to meet your timeframes and objectives.”

You should expect your finance 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.

The bank manager is not your friend

Working with a finance 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.

As accredited finance brokers, Aspiire has 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.

At Aspiire, we are MFAA-accredited finance brokers, which is the leading body for the mortgage industry and mortgage product experts, and we will work with you to find out which loan and lender will best suit your needs.


HOW WE SUPPORT CLIENTS

At Aspiire, we assist clients with

  • Home Loans for first homes or next homes
  • Investment Loans for rental property
  • Debt Consolidation
  • Refinancing
  • Commercial Loans
  • Rapid Debt Reduction strategies