Mortgage Broker Perth

Starting with an in-depth discussion either in person, via an online meeting or over the phone, we look at your financial documents and gain a detailed understanding of your current financial situation and your objectives.

At Shelter Home Loan Collective, we feel this initial step is crucial for tailoring the home loan process to your specific needs and goals, both now and into the future.

Armed with this understanding, we’ll then navigate through various lenders; policies, speaking direct to the lenders to confirm the options presented are able to meet any specific needs our clients might. We then compare interest rates and costs, providing a range of home loan options for you to consider via detailed loan cost summary and lender breakdown, which is annotated via a recorded video, or presented in an online or face to face meeting.

This allows us to provide a level of detail in our comparisons, which is simply lost via email.

Many clients find great value in the recorded video presentations as this allows them to replay the comparison multiple times to digest all of the details.

After presenting you with the options, we then answer any questions you might have and provide expert advice to guide you in making an informed decision.

After selecting your preferred option, we take charge of preparing the loan application on your behalf for you to sign. Throughout this stage, we act on your behalf, collating the required documents and lodging the application with the lender.

After submission, then we’ll monitor the application’s progress closely, providing regular updates and liaising with the lender as needed, addressing any queries that may arise.

Upon receiving approval from the lender, we then guide you through the final stages, including signing the loan contracts and preparing for settlement.

Even after settlement, we will continue to provide ongoing support, conducting regular reviews of your loan to ensure it meets your evolving needs and exploring opportunities for refinancing or restructuring as necessary.

In essence, at Shelter Home Loan Collective will serve as your trusted partner throughout the entire home loan process, providing expert guidance and personalised support to help you achieve your homeownership goals.

There’s absolutely no charge at all for you meet with us and have a chat. We don’t charge for initial meetings and in most cases, there won’t be any charge to you throughout the home loan process.

That’s because the lenders pay us a commission for placing the home loan, and this allows us to provide the service at no charge to you.

One thing most people don’t know, is that if a loan is repaid within the first 12 months, most lenders will actually “clawback” 100% of the upfront commission paid to the broker. This might happen where you’re buying a house to renovate and quickly on sell or another short- term goal.

In these cases, we generally charge an upfront fee in line with the work involved, but this will always be disclosed prior to any application being submitted, in any case, for a fee to be charged you would need to sign off on it first, so rest assured there’s no surprises.

It’s actually illegal in Australia to charge a fee in relation to a “clawback”, so if we haven’t disclosed a fee is payable, and you haven’t signed a disclosure prior to us lodging an application then you can be sure there’s no fee charged to you for the process.

This is one of the most common questions we get asked, and rightly so as there’s more than a few answers! It really all depends on your current situation and your goals.

If you’re a first home buyer, you might be eligible for government grants, or guarantee schemes which would require less of a deposit than somebody who already owns a house looking to upgrade or invest.

If you already have a property with equity, or a guarantor who can provide equity, then there might be no need for any cash deposit at all.

The main rule of thumb is that most lenders will only lend up to 95% of the purchase price for an owner-occupied home. That means you would need to come up with the other 5% of the purchase price in cash, along with the stamp duty cost, lenders fees and mortgage insurance cost. How much each of these costs are, is all dependent on the value of the property and the size of the loan.

Each lender has slightly different policies and mortgage insurance fees when it comes to their maximum loan amounts, and it’s an ever-changing landscape.

As your mortgage broker part of the job is to stay up to date with these changes and provide you with strategies and options based on your current deposit, or your desired purchase price and work with you to find a way to reach your goal.

Yes! We have a wealth of experience when it comes to helping first home buyers navigate the endless different types of state and federal government assistance that’s on offer.

We can help with determining your eligibility for state-based grants, the federal governments Home Buyer Guarantee scheme, stamp duty discounts and even let you know which lenders offer settlement fee rebates, or first home buyer cash incentives.

The offers and incentives available for first home buyers are always evolving, and we are constantly working to stay up to date to ensure there’s no opportunity missed to help give first home buyers a leg up.