WANT TO KNOW A FEW SECRETS?

Would you like a FREE home buyers guide that helps you understand the steps involved in buying a house?

LOAN SECRETS?

Every skill has its trade secrets. Just because you can change a tyre or a spark plug, doesn't mean that you are a mechanic. Just because you can sew on a button doesn't make you a seamstress. When you need specialist help then go directly to someone who really knows what they are doing.

I'm not sure why, but when it comes to finance so many people get there advice from a friend, a neighbour, a taxi driver, or even their hairdresser. Would you want you hairdresser performing triple by-pass surgery on you? - of course not, you want the best possible, your life depends on the skill and experience of your surgeon.

The same applies to your finance. Don't settle for second best. Not talking to the right people may cost you thousands of dollars as well as lost opportunities throughout your life. Read the following important points and then contact us to discuss your situation.

• Every Bank or lender is the same - Right? - sorry but that's Wrong. Each bank and lender have their own policies and lending criteria. That is they have slight differences in their lending rules and that will affect you. If you apply with one bank, you may get a knockback just because they don't lend in your postcode, or lend to the extent that you are asking for. You need an experienced broker to take your application direct to the right lender. That's the sort of knowledge that you can't get from a book or brochure. We have the experience necessary to give you this sort of service, and we always have at least one backup lender that can be used should we need to apply to more than one lender.

• If one bank said NO then they all will won't they - No, we know which lenders look more kindly at different scenarios, and help you choose the right lender for your situation. Don't just hope that you will be lucky enough to pick the right lender. Why rely on "dumb luck" when we can go straight to the right lender for you.

• My bank said the maximum that I could borrow was not quite enough to buy the house that I wanted. All banks will have the same limit, right? - No that is not right. I won't explain this here, but we can usually do a lot better because of our experience and the variety of lenders that we have. If your bank has fallen short, call us because we can go higher. Sometimes we see differences of $100,000 in clients borrowing ability between differnt lenders.

• You can't get a home loan without a deposit can you? Until recently we could obtain 100% home loans. These are no longer available, however because we process many loans we know how to milk that last dollar out of lenders to get you the maximum loan possible, and at the lowest available interest rates.

• Can I use my First Home Buyers Grant as savings and deposit? - Yes you can with some lenders. Let us help you choose the lender that will help you the most.

• If you are self employed and don't have financials you can't get a loan - Sorry that is not right. We arrange loans for self employed clients with and without financials every day, even up to 90%. Loans under 80% are at home loan rates. Why would you go elsewhere? Call us now.

• If I have small defaults I won't get a bank loan. - Wrong, we know which banks and mainstream lenders will accept small defaults without penalty, and we know how to explain those defaults away.

• If I have major defaults I won't get a loan. - Wrong, we know which lenders will accept defaults. Only experience can sort out the lenders who will listen and those who won't when it comes to major defaults. If you think you can sort this out yourself, well we wish you the best of luck because you will need it. Call us now to find a lender who will listen to you.

• I'm an ex-bankrupt, can I get a loan? - Of course you can. It will depend on how long you have been discharged, what amount of savings you have, and what you have done since you were discharged. Talk to us to see what can be arranged for you either now, or in the future.

• Every Bank or lender requires Mortgage Insurance - Right? - Sorry but that is not correct. Each lender has it's own arrangement with the mortgage insurers, and some do not require mortgage insurance on lower Loan to Value Ratio loans. Confused? We're not because we know who can do what for you. You could be throwing money away if you apply elsewhere. We regularly save our clients thousands by using the best available lender for their situation.

• I have to pay the Mortgage Insurance upfront don't I? - No not always. There are many reasons why you may not have to pay this substantial cost. Some lenders don't require it, some pay it for you, and some add it to the loan. Without you even realising it we may be saving you thousands when you apply with us.

• The interest rate I have been offered is the best available, isn't it? - Well not necessarily. There are many types of loans, and a number of ways of quoting interest rates. It all depends on such things as fees, honeymoon rates, fixed terms, and other factors. The only way to compare loans properly is to use special software that only brokers like us have. We can compare all of the cost factors for you and look for the features that you require at the right price. You may pay too much elsewhere just because they don't have the experience or the right software.

• I do have to pay an application fee, don't I? - Well sometimes you do, but there are often deals available to us where you can get a zero or reduced application fee for a period of time. Why give money away to one bank when another bank is happy to work for you for free and still offer the same interest rates. Haven't you paid them enough over the years?

• All Brokers are the same, aren't they? - If only that were true. Deal with only brokers who are members of MFAA where strict control over eductation, training, ethical standards, and adequate professional insurance are ensured. These brokers are compelled to belong to MIOS (Mortgage Introducers Ombudsman Service) to protect you at all times. Rescue Me is owned by Brisbane Business Finance P/L who is a Full Corporate member of MIAA (Membership Number 5479) If you would like to verify that then click here and search the membership record for Brisbane Business Finance Pty Ltd under "Consumer Services" sub heading "Search for an MIAA member in your area". Both Peter Fraser of Rescue Me home Loans and our parent company "Brisbane Business Finance Pty Ltd" have attained Accredited Mortgage Consultant Status with MFAA.

• Why Should I pay extra off my loan - I can't get it back if I need it can I? - Well yes you can get the extra payments back if you have a "Redraw Facility". Wherever possible we always try to ensure clients get this so that you can pay in advance as a form of savings, and still be able to access the money if it is needed. At the same time you will save interest on your loan. Checkout our "Mortgage Minimisation" calculator to see what benefits you would get if you paid off a little extra each week.

• Once I get a loan, the Bank will forget about Me? - Well maybe they will, but we won't. We keep in contact with our clients at regular intervals throughout the year. If you have taken out a high interest non-conforming loan because of your particular situation, we will diarise it for a follow up to refinance you when it is cost effective to do so. Even when this will be some years down the track, we won' t leave you on you own.

Naturally we haven't given all of our secrets away. It has cost us a lot of money and time to get to our level of experience in this industry, so we aren't going to give away our knowledge to less experienced brokers. But you can have the benefit of our knowledge for free when you apply with us by clicking on the button below..

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