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At MST Active we understand that buying a new home, can be a daunting and soul destroying experience. We know that you want to be totally and independently informed about your finances and you need to weigh up all your options before you decide to do anything at all!
That is why MST Active is here to help, allowing you to make your decisions, processes and actions regarding your financial future so much more simpler, easier and specifically designed to fit exactly you!
MST Active will help you with:
• Getting a Savings Plan in place, to build up that deposit if you haven’t already got one.
• Choosing a suitable independent home loan from a range of loan products from over 40 lenders.
• Completing all the necessary documentation and examining with you all the expenses,
such as stamp duty, conveyancing, building inspection, insurance, bank fees and other costs.
• Applying for the First Home Buyer’s Grant if you are eligible.
• Creating an inspection checklist for your buying process.
• Finding a Conveyancer, Solicitor, Building Inspector or any other professionals you
want or may need.
• Finding you that right home, and negotiating the best price with our MST Buyers Advocate.
• Anything at all…
To ensure nothing is missed, MST Active will even assign you a Personal Relationship Manager (PRM), who is there to help manage your relationship with all the professionals you need assistance with. They are there to ensure your Mortgage Broker gets back to you, help you put together all the necessary documentation, find other services that you may require, and even help you with personal relationships if you really need one!
The MST Active PRM is there to strengthen our relationship through constant contact on the phone, to ensure you are getting the results you want when you want them.
To get what you want chat to us today, and let us help you get the results you want when you want them.
We understand that the current financial environment is full of confusion and conflicting advice with media headlines reporting demoralising statements one day and confidence boosting statements the next.
'Prepare for more interest rate pain', 'House price surge heralds big crash', 'Healthy start for housing market', 'Home ownership even more out of reach', 'Housing debt in overdrive', 'Boom city hits $1 billion property mark', 'Bank shares may offer happy returns' are just a few examples of what is happening in the finance sector today.
With such confusion surrounding the market, it is no wonder why so many familes are numb with uncertainty and just don't know whether to start their home ownership dreams, or where and when to invest.
That is why MST Active Resource Library and our News and Blogs section is freely available for you to enjoy at your leisure, and help you make sense of all that is happening in the finance sector. You can also get our FREE MST Newsletter, and keep you up to date with the ins and outs of the finance community.
The truth is whether you are buying your very first home, or your 100th home, it is a scary process. You probably don’t know where to start, where to buy, what to look for, how much it’s all going to cost you or who to call for help.
With the Global Financial Crisis, housing bubble and the increasing interest rates, it seems like it’s a dream that’s going to remain a dream for a very long time. Afterall renting is a lot easier, you don’t have to worry about repairs, council fees, renovations, building insurance, and many other costs.
There are many benefits to home ownership, some examples include, your home will double in value about every 8 years, if you control your debts correctly you can use properties to build wealth and your mortgage money is actually contributing towards your financial security.
However if you have made the decision to buy your very first home, and you are determined to make it work, then chat to us, we can provide you with the right information and put you on the right path to owning your very own home.
Buying your home is a huge investment, whether it’s your first time or your 100th time, and the key to sleeping easier is to do your research. Refrain from picking out your home before you even know how much you can afford, why? You don’t want to find the home you like, place a bid, drop in a deposit and then go searching for finance, when later down the track you find that your finance has fell through, because one of the banks you were sure that they were going to lend you the money couldn’t deliver the goods. It’s going to save you a lot of stress and heartache in the long run.
Try not to rely on the online calculators in determining how much you can borrow. They are a good guide, but at the end of the day, the lenders have their own strict criterias that they would use, that will certainly be different to the amount shown on the online calculators. If you have the time, then visit your local banks and obtain a quote from them, however if you don’t want to visit all the banks and go through all your details again with every single one of them, then call a Mortgage Broker. A Mortgage Broker will be able to sort through all the major banks, credit unions, building societies and other non-bank lenders, to find out how much you can borrow, the rates that each of those lenders are offering, and even work out how much you need to pay to repay the loan faster, all on the same day.
However choosing the right Mortgage Broker for you can be a time consuming process, so you can follow our Mortgage Broker Checklist here, or chat to us. Our friendly staff at MST Active will be more than happy to chat to you, and get you the results you want when you want them!
Once you have found out how much you can borrow from your Mortgage Broker, then you are ready to start looking for your first home. There are two options you can take with buying your home, you can either do all the research yourself, or you can hire the services of a Buyers Advocate, you can find more information about Buyers Advocate here.
Basically what a Buyers Advocate will do on your behalf is to find the house you want, within the price range you have set and in the area you are looking for. They will do all the leg work for you, and present you with a few options to choose from.
If you decide to do it all yourself, then your first point of call, is the internet. Find out all the information about the city you want buy in, such as the price of the area, its appreciation value in the last ten years, council development plans, what the neighborhood is like and environmental safety. Or if you don’t want to do all that yourself, our MST Active Buyers Advocate can assist you.
Recent
studies show that 85% of Australians are confused or confess to having
‘no idea’ about obtaining finance for major purchases with 54.6% of
these people finding their major purchases even before seeking
financial information. With so many options many people just do not
know where to start. At MST Active, you can be safe and sure in the
knowledge all Finance Professionals we recommend to you without
exception carry all relevant regulatory requirements and come from the
largest and most qualified lending associations, groups and regulatory
bodies in Australia. We have chosen to partner with them for not only
are they vastly adept at navigating turbulent times but they are also
committed to treating you, and keeping you as a “client for life!” all
eager to help you! At the very least we could introduce you to these
people and you can have a quick chat on the telephone in the initial
stages.
Since
2008, the Australian Commonwealth Government has decided to regulate
the credit code across the entire country, as there have been varying
degrees of regulation and licensing from State to State. This means
from 1 July 2010, all companies and individuals who deals with credit
and lending, will be required to hold a Credit License that is
recognise Australia wide. The license will be regulated by the
Australian Securities and Investment Commission, the highest level of
regulatory body in Australia. This means there is better protection and
a higher quality of professional service for you.
All MST Active Finance Professionals will have this license, and their
credit license number will be freely available for inspection on our
website. It is important that no matter which Finance Professional you
see, whether they are a Financial Planner or Mortgage Broker, when they
deal with credit then do ask them for a credit license number, and
verify that number on the ASIC website.
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You can find out more about other services we
provide, just follow the links below.
• Did you know that all Mortgage Brokers, including yours, can’t deal directly with a bank?
All Mortgage Brokers send your loan applications to the Banks through Aggregators. Aggregators are a intermediary between the Banks and Mortgage Brokers, prior to the GFC all Aggregators and Mortgage Brokers are independent, however since the GFC, over 90% of Aggregators have been takenover by one of the Majors, resulting in over 95% of Mortgage Brokers, now owned and influenced by the banks.
By choosing an MST Active Mortgage Broker you can be sure that they are Independent and only offer advice that has your best interest in mind.
• Did you know CBA requires Mortgage Brokers to write four loans through them in six months regardless of whether or not their loans are better?
At MST Active we are proudly independent. You can be safe in the knowledge that our Aggregation Model means that all Mortgage Brokers we recommend to you are not owned or dictated to by any banks. This means the advice they give to you is with your interest at heart, and we ensure that the loans we recommend to you are the best available.
• Did you know that 98% of all loans in Australia are now given to the major Banks?
At MST Active we understand that we will need to work with the banks, however we will NOT recommend their products unless it is the best value product for you, out in the market today.
• Did you know in six months since GFC, the banks had made an extra $100 billion, that is 5 times the amount in the Governments Futures Fund?
With many banking institutions, building societies and credit unions that offer fee free banking services, why pay for an account when you can have it for free? At MST Active, our Independent Financial Consultants have a range of products that you can choose from and tailor them to what you want, when you want it!
• Did you know the total value of mortgages held by the Big4 is worth $661.4 billion?
An MST Broker just doesn’t just give you an off the shelf loan package that everyone else gets! Every client we assist has an individual financial model designed specifically for them by our strictly independent finance professionals. We help you take charge and control of your financial situation by providing you with valuable expertise and knowledge as well giving you total access to the growing number of services available at MST Active that will assist both you and your family.
• Did you know that it took the major banks just 12 short months to wipe out all competition that took over 15 years to build up?
Your MST Active mortgage broker enjoys an exciting working environment that sets them apart from all other broker groups and aggregators in the mortgage industry. MST Active provide our mortgage brokers with all the right tools and support to make them more successful and more professional than they could ever have achieved alone or in any other system. The great news for you is that they have more time and all the resources they will ever need to ensure you get what you want and when you want it!
• Did you know the banks are gouging an extra $7 billion out of your pockets by not passing the full rate cuts, and increasing the rates beyond the RBA?
With many banking institutions, building societies and credit unions that offer fee free banking services, why pay for an account when you can have it for free? At MST Active, our Independent Financial Consultants have a range of products that you can choose from and tailor them to what you want, when you want it!
• Did you know if you make multiple enquiries at the banks and they each give you a pre-approval, it will affect your Credit Rating and might make it harder for you to get a unconditional approval?
MST Active’s mortgage brokers take great pleasure and satisfaction
in saving you countless hours, pain, stress and money with the service
they provide which they deliver to you with a level of unprecedented
level of professional service. We help you take charge and control of
your finances so that everyone of your hard earned dollar works for
you, rather than you work for it and we can help you with improving
your whole financial structure or in just one or two areas that may
need an overdue update so that you get the results you what you want,
when you want them!
• Did you know Canadian banks that source their funds from the same international market as our Australian banks only work on a 2% margin as opposed to our banks 2.8%?
In today’s market place, finding a quality home loan or refinancing product from a secure lender is crucial for your financial security and that is why we offer over 40 lending institutions all eager to help you and even if you already have the lender you wish to use and they are not on our panel, then that is not a problem either! MST Active provide a free no obligation appointment with the most qualified and independent of professionals that have the time and the support to get you the results you want, when you want them!
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