FAQS
Mortgage brokers facilitate the process of attaining home loans between lenders and borrowers, who are seeking a home loan. Their role involves comprehending the unique financial situation of each borrower, identifying suitable home loan options, and guiding them through the application process. A broker should carefully assess the borrower’s borrowing capacity, provide a range of appropriate home loan options, and explain how each option aligns with their requirements. Our experienced team at Azura Financial, will thoroughly compare various rates, fees and factors, providing you with the most cost effective and suitable loan for your financial situation. Also the broker can provide assistance with the application process and oversee the loan’s settlement with the lender once the borrower has chosen the optimal home loan for their needs.
Our experienced team at Azura Financial, will thoroughly compare various rates, fees and factors, providing you with the most cost effective and suitable loan for your financial situation. Also the broker can provide assistance with the application process and oversee the loan’s settlement with the lender once the borrower has chosen the optimal home loan for their needs.
Ultimately choosing between going directly to a mortgage broker or a bank, is dependent on the individual’s choice, although there are a few incentives if you do decide to go with a mortgage broker. The fundamental difference is, you will receive expert advice and guidance that will save you time and money. At Azura Financial, we have built a relationship with established lenders, ensuring that we get you the best rates and loan terms for your loan making the process convenient and easy for you.
We have a large variety of over 40 established lenders we have built rapport with, this allows us to offer you the most competitive rates and loan terms that are available. Please visit our Lenders page by clicking here or in the menu to see which lenders we deal with.
Essentially, you will not be charged any fees from your mortgage broker. The lenders fund the mortgage brokers through commissions for providing a customer to them. However, depending on the type of loan you receive, you will likely be saving time and money on interest rates and fees in the long run.
When it comes to calculating how much you can borrow, it depends on various factors. Fortunately, there are many home loan calculators available online that can help you gauge an estimate on how much you can borrow. The calculator will consider your income and expenses, interest rates and the duration of the loan. This will help you decide if you are able to borrow the desired amount, although these calculators are only able to provide an estimate, there are still other factors to consider. At least this will give you confidence and an understanding of how much you can borrow so you can begin your loan process.
There are various factors that can impact how much you can borrow, these include the following:
- Income
- Expenses
- Assets
- Credit score
- Deposit amount
- Current Debts
- Spending habits
Here are few pointers to help you increase the amount you can borrow:
- Accrue Savings
- Settle your debts
- Guarantor on the home loan
- Reviewing your credit score
- Reduce your expenses and spending habits
- Applying for First Home Loan Grant (FHLG)
Interest rates are determined by The Reserve Bank of Australia, every month they are responsible to decide on the official cash rate for Australia. Banks and Lenders then establish their rates based on the rates provided by The Reserve Bank of Australia.
Tom and the team at Azura are brilliant – pro-active, responsive, always great to deal with. Wouldn’t contemplate working with anyone else. 5 stars.
Elia has been our broker for more than 5 years. Very easy to work with, no pressure, clear easy to follow instructions and even supported us to when we found a better rate on own too. Many thanks Elia.
Max and his team were fantastic. Explained everything clearly at every step of the way and always had time for my questions. Will absolutely be using Azura again in the future and would happily recommend anyone!
Tom and the team at Azura are brilliant – pro-active, responsive, always great to deal with. Wouldn’t contemplate working with anyone else. 5 stars.
Tom and the team are really amazing! They negotiated a much better rate than the bank was offering and has saved us thousands. They are located in Double Bay and are probably used to dealing with mortgages way bigger than ours but I never once felt like I was a lower priority. It was a really fantastic experience during a pretty stressful time.
I highly recommend Azura Financial. Tom, Felix and Jay made the financial process of buying a property super easy and seamless. They negotiated a competitive rate for me and completed my settlement paperwork really quickly! Will gladly work with them again in the future.
Have been using Azura Financial nearly 3 years, recently they helped us refinanced our property for further investment purpose. I’d recommend it to my friends, not only about the competitive interest rate, but also about their outstanding services. Especially one of their client managers who provided us an excellent finance solution and followed our case end to end.
I am a buyers agent and have referred to Max from Azura Finance many times. It was actually great to be on the other side and have him help me with my mortgages. We had a very complex set up which Max patiently explained in detail. Great communication and responsiveness and I’ve also saved thousands p/a on my 4 loans. Thanks Max I appreciate all your hard work!
Tom and his team have their finger on the pulse when it comes to everything finance. They are always one step ahead and keep on top of my finances so I don’t have to. His team offer a premium service and are very efficient. Couldn’t recommend more highly.