Mortgage Broker Brisbane
At Hunter Galloway our motto is simple, “Clients Come First.” Whether you’re a first home buyer, or an experienced investor looking to expand your portfolio you can rest easy knowing that our team of local and experienced mortgage brokers in Brisbane will work around the clock to get you a deal that works for you.
Our team of expert mortgage brokers are based in Brisbane, our Directors Nathan and Joshua Vecchio have worked in the finance industry for many years having started at some of Australia’s largest banks. Their combined experience means that advice given is suited to your personal circumstances. Our commitment to transparency and communication means help is only a phone call away – and if you can’t reach us, we promise to get back to you within 4 business hours.
Our reputation and achievements
We have built a brilliant reputation for being extremely well organised, helpful and making the home loan process as smooth as possible.
Some of our achievements include:
- Finance Brokers Association of Australia Broker of the Year 2017 (Queensland)
- Vow Financial Rising Star of the Year 2016 (Queensland)
- Bankwest New Support of the Year 2015
- Finalists at the Australian Mortgage Broker awards in 2017.
- Our Director Nathan Vecchio was named in The Adviser’s Top 5 Brokers in Australia under 30 for 2017
- Regularly featured in The Adviser, Mortgage Professionals of Australia and other mortgage industry publications.
Don’t risk having your home loan declined
Did you know that over 40% of home loan applications that get submitted never make it to settlement? Don’t take that risk.
Our brokers have seen all sorts of mistakes in the past! With their level of experience, they know problems you may face on your loan application and how to mitigate them when applying with a specific bank or lender. We have a wide range of lenders on our panel and our brokers intimately understand their credit policies.
We can do this through our own internal credit assessment process which we complete before applying with any lender. Our team has its own internal Credit Manager who reviews each application before being submitted to the lenders, meaning we won’t apply with a lender who won’t approve your loan.
Why do I need a broker if I can get a loan through my bank?
We take extra time up front to go through your full situation and provide a complete lending solution.
You might have a situation where your bank will approve a loan for you to buy a block of land and then not approve the construction loan when its time to construct a house on it!
Our brokers will look at your needs now and into the future, to make sure you have the best possible loan that looks after all of your needs.
How much does it cost to use a broker and your services?
Our services are completely free for all home and investment loans. We get paid by the lenders for doing the work, collating your loan application and meeting with you that otherwise would be done by a bank manager or branch lender so you get access to the same rates as if you went to the lender directly.
The advantage for you is that unlike when dealing with one bank, we can help you work with a wider variety of lenders and get the best options that work for you choosing from our panel of over 30 banks and lenders!
How do brokers get paid?
Mortgage brokers in Brisbane get paid commissions from the banks, we do the same work the branch manager would do in putting together your loan application – except we are invested in your loan application and will work very hard to get it approved, as well as provide incredible service.
As our team at Hunter Galloway are mortgage broking and credit experts we can answer all of your questions instead of directing you to another department.
FBAA & Credit and Investments Ombudsman Membership
As members of the Financial Brokers Association of Australia (FBAA) and the Credit and Investments Ombudsman (CIO) we must uphold the highest level of excellence when helping clients with their finances. The members of each organisation must meet a minimum standard in experience, education and ongoing training to maintain membership each year and as active members, we commit to upholding these standards, ensuring we maintain their high levels of compliance, integrity, and professionalism with all of our mortgage clients.
What types of customers do you help?
Our mission is to make your home loan application effortless. We always work towards building a strong and personal relationship with every one of our clients and will work tirelessly to find the right home loan for you. Your mortgage is a lifelong commitment, and so is our commitment to you.
- Are you a First Time Investor who wants to build a portfolio?
- Are you a first home buyer who is overwhelmed and doesn’t know where to start?
- Are you looking to update your home and keep your existing home as an investment?
- Are you a medical professional looking for no deposit 100% LVR financing?
- Are you a seasoned investor looking to add to your portfolio?
- Feeling too busy? Is your property purchase being held back due to lack of time?
We help all sorts of clients from across Brisbane, so get in touch with the team today to book a free assessment.
How difficult is a home loan application?
Did you know that most home loan applications can be touched by at least 20 different companies? Banks, solicitors, valuers, different online systems, the list goes on!
Before you start talking to your bank you have your mortgage broker, their aggregator and software provider – just to prepare and lodge your application!
When your file reaches the bank’s system they will instruct a valuation management company, like Valex or VMS who then instruct subcontracting valuers to inspect the company, as well as obtain a copy of your credit report from the credit reporting bureau.
If you have less than a 20% deposit (or are borrowing more than 80% of the properties value) then the bank will also need to get approval for your loan from the mortgage insurers – who have the final say on the application.
Once your loan has been approved the banks often use solicitors to prepare the loan offer and contracts, as well a separate settlement agent to arranger cheques and fund your loan.
We help cut out all the noise in the process, we deal with the banks and third parties on your behalf – and always keep you in the loop.
Valuation issues & credit scores
One of the most common issues we see is with valuations and shortfalls which can ultimately stop your property journey before it even begins. We can order free upfront valuations with many of our lenders, meaning we can find out what your bank thinks your property is worth way before applying with them.
From experience, we know that ordering a valuation prior to applying for a home loan makes sure your credit file doesn’t get damaged from having multiple enquiries.
We can provide free valuations and also a copy of your credit file so you know where you stand way before applying for a loan with the banks!
Complex Credit Policy Pitfalls
Each lender and bank in Australia has a unique credit policy, meaning while some will accept your full income, others may not allow it due to their policy.
Quite often bank policy can be set in stone, and due to the complexity bank staff quite honestly don’t know it nor do many mortgage broker Brisbane. They are not familiar with complex situations and how to correctly assess them. This can sometimes cause it to take quite a long time to process your application and even in some instances mean your loan will get declined for no good reason.
With banks making their policies more and more complex it becomes more important to correctly package, and asses your application before it is even lodged with the bank – showing the banks all of the strengths of your home loan application and making sure it fits all of their policies.
At Hunter Galloway we have our own in-house credit team and we make sure your application is going to fit with the bank each time.
Why should I use a mortgage broker in Brisbane?
The best mortgage brokers can help you through their intimate knowledge of credit policy, making the home loan process quick, easy and stress-free.
Through our intimate bank credit knowledge we can find ‘secret’ policy exceptions to get approvals for applications that would normally get declined, including no deposit guarantor home loans and unusual employment loans.
We also have very strong relationships with the credit teams and key staff at the banks meaning we are also in a good position to get the very best interest rates for you. Often this means a cheaper variable or fixed interest rates, or rebates from the bank to cover the costs to refinance your loan.