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Finance Broking

Services provided to Mortgage Broking clients include:

Mortgage Broking Sydney

Services provided to clients include:
  • Conduct of an initial nil cost appointment
  • Establishing if proposed borrowing falls within the provisions of the NCCP legislation
  • Providing information on how the legislation impacts on the client
  • Explaining how commission income is paid by lenders to Australian Mortgage Planners for the mortgage broking Sydney home buyers and investors need
  • Detailed review of a client’s completed Confidential Questionnaire
  • Performing a Responsible Lending assessment
  • Calculating the need for either Lenders Mortgage Insurance (LMI) or a Reduced Equity Fee (REF) for mortgage broking Sydney clients
  • Provide a thorough briefing of LMI/REF, the different policies and costs, timing delays and non-transferability.
  • Explaining the differences between LMI and REF
  • Verifying the stated income of a client by examination of various proof documents including, but not limited to, pay slips, PAYG summaries, taxation returns, ATO assessment notices, bank records
  • Assisting with lender/product selection and qualification as part of our mortgage broking Sydney service
  • Preparing loan comparison summaries
  • Reviewing loan comparison summaries
  • Loan product selection
  • Conducting appraisal test to ensure that the loan product is not unsuitable
  • Calculation and provision of estimated loan costs including LMI / REF
  • Calculation and provision of other borrowing costs
  • Compliance with the chosen lender’s responsible lending guidelines
  • Completing lender’s loan application documentation
  • Collection of all necessary supporting documentation
  • Review of supporting documentation to ensure compliance with lender’s policy as per mortgage broking Sydney policies
  • Provision of anticipated time frame from submission to conditional approval and subsequent formal approval
  • Preparation of formal loan recommendation to support loan application
  • Lodgment of application via lender’s preferred method
  • Liaise with client’s real estate agent, builder, solicitor, conveyancer and accountant (as applicable)
  • Provide feedback to client on progression of loan application through the various stages of submission, conditional approval, valuation, formal approval
  • Arranging for deposit bond (if applicable)
  • Checking of loan offer document to ensure correctness

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Australian Mortgage Planners Pty. Ltd. (ABN 58 137 895 759) holds Australian Credit Licence 383 766

Latest News

  • Is it Time to Review Your SMSF Loan? August 17, 2020
  • Secure a SMSF Better Deal August 10, 2020
  • Secure a Better Deal August 4, 2020
  • Why Secure a Pre-approval? July 27, 2020

Contacts

Chelsea Centre, Suite 6, 1 Railway Street Baulkham Hills, 2153
+61 2 9688 7888
stephen@amplanners.com.au
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