THESE TOOLS GIVE YOU A BETTER INSIGHT INTO HOW THE BANKS MAY VIEW YOUR LOAN APPLICATION.More Details
Our firm and clients have worked on a number of projects with Scott Tallon over recent years. On each project, we have been impressed by Scott’s ability and the ease with which he ensures the transaction runs smoothly and on time. Scott has excellent communication skills and the ability to explain complicated lending solutions to people less well versed in finance. Recently Laycock Burke Castaldi Lawyers purchased new commercial premises from which to operate our legal practice. Scott was retained by our firm to procure finance for the acquisition. Scott understood the structure within which we wanted to acquire the property and was able to advance several viable financing options from a number of different financial institutions. We were then able to select the bank that suited us best and the loan and transaction proceeded smoothly. We highly recommend Scott and Bond Street Finance and we would be happy to speak further to this testimonial.
We have found Scott to be extremely professional, knowledgeable, and ethical in his business practice. Scott has demonstrated an ability to provide our clients with personally tailored and financially beneficially outcomes. Given Scott’s extensive time in the industry, our personal experience, and our clients’ feedback, we would highly recommend, and trust the professional service his business provides. ‘He’s a good guy, you should use him!’
When I needed to get clarity on whether a purchaser had the funding in place or money available to complete on a business sale, I would speak to Scott if that client was getting their funding through Macquarie Bank. Scott would come back to me within 24 hours with a straight forward answer confirming his client’s position. This gave me comfort and confidence dealing with my vendor that if the client had Scott’s backing, that we knew the funding would be in place and 100% confidence that client would be funded buying my vendor’s business. Bond Street Finance Partners and Scott Tallon have the commercial acumen and capabilities to deal with complex funding solutions that most brokers would find too hard and refer on to the major banks. Scott relishes the challenge and finds the best possible outcome for the client always keeping them abreast of updates along the way.
We were always impressed with the service Scott Tallon gave us both in our business and personal banking. He responded to questions almost immediately and addressed any problems effectively. Nothing was ever a problem that Scott couldn’t fix.
Mortgage brokers are professionals in the home loan industry. They work with you to determine your finance needs and help you understand how much you can borrow. Brokers help to ensure that you don’t take out a loan that is not right for your financial circumstances or needs.
Professional mortgage brokers only focus on loans. If you need legal advice, you go to a solicitor who is a specialist in the law. If your pipes are leaking, you go to a specialist in plumbing. It’s the same when you need a loan.
Brokers have access to a wide variety of loans. This means your broker can find a loan that’s just right for you.
Some mortgage brokers charge a fee and some don’t. When you take out a loan via a Mortgage Broker – it does not cost you more. That is an absolute myth. Brokers get paid commission by the bank for bringing new business to them, this does not impact your rate or level of service.
Some brokers charge a fee for their service. They must disclose this fee upfront to you so you know what you will be up for if you engage their services.
The truth is that there is very little difference between the commissions paid by the lenders. You can also rest assured that your interests in this respect are covered by law. The mortgage and finance brokering industry has legislation called the National Consumer Credit Protection Act (or NCCP), that is designed to protect consumers and ensure ethical and professional standards in the finance industry. We are required to present you with a selection of suitable loans from different lenders and tell you upfront what commission we will be getting. Our job, our only job, is to find the best loan for your needs and serviceability.
Some Brokers charge a fee for their service which they must disclose to you up-front before you engage their services. However, the costs of the loan are the same, depending on the loan you choose.
This is dependent on how much you have saved for a deposit and what you current expenses are. Give us a call and we can go into your options in more detail, or check out the loan calculator page of our site!
A mortgage broker is only allowed to recommend a product based on what you say is most important to you – for example, “pay my loan off quickly” or “guaranteed repayments”. With regard to interest rates, however, we recommend the following; “if you want flexibility take a variable rate loan, if you want repayment certainty take a fixed rate loan, if you want both, then do both and use a split loan.”
Sure thing! We are mobile brokers so we can come to you!
I am a Connective Broker. This means that I have access to many lenders – these include the major banks, second tier lenders and credit unions. We can source you a loan from the lender of your choice.
The Reserve Bank of Australia meet on the first Tuesday every month to determine the official cash rate for the country. The lenders then use this information to set their own rates. Mortgage brokers do not set rates.
When we talk about a ‘loan product’ we are referring to the thousands of options that are currently available for you for your loan. Each bank (or lender) has loads of different loan options – low doc, package loans, re-draw facilities, plant and equipment loans, fixed, interest only, interested in advance, variable, introductory variable… the issues you face as a consumer is ‘which loan is right for me?’ And that is where a mortgage broker comes in. If you go direct to the bank, you will only be offered the loan options available through that one lender. As your mortgage broker, we do all the leg work for you. We are across many lenders and all of their loan products and our sole purpose is to find the right loan for your needs.
When we help you with your borrowing needs, we consider you to be a client for life. We want you to be confident that you are working with someone who has your best interests in mind now and in the long term.
We have many years’ experience in finance and mortgage broking. Our aim is to find you the best loan for your needs, and make the process as simple and transparent as possible! Please get in touch with us today.
– PO BOX 890, Newcastle, NSW, 2300
– PO BOX 1095, Parramatta, NSW, 2124
Phone: 0407 250 199