INDEPENDENT MORTGAGE BROKERS IN SYDNEY SHOULD BE ABLE TO OFFER YOU EVERYTHING MINT EQUITY PROVIDES FOR THEIR CLIENTS;

• Access to over 40 lenders with 100’s of home loan products.

• Our services are free of charge.

• Over 25 years banking and finance experience including home loans, investment loans, business loans, SMSF loans and car loans.

• Appointments 7 days a week at a time that suits you and at your preferred location. We can also assist you without meeting face to face if you live outside of Sydney, interstate or overseas.

• Relationship based service, we’ll look after you now and in the future not just for the loan processed.

• We manage the entire home loan application and provide you with mortgage comparison, the best mortgage rates, ensuring you know all the bank’s fees and charges, correct loan repayments and ensure your selected features like redraw facilities and offset accounts are correctly linked to your home loans.

• Phone, email and SMS updates throughout the home loan application process, so you know exactly what is going on.

• We re-price your variable interest rate every six months to make sure the bank is always offering you the best interest rate for your mortgage in Sydney. We let you know when your interest-only or fixed rate home loan in Sydney is due to expire, so you have time to get a better deal.

• We monitor the value of your property so you’ll know when there is equity available or when you can release the guarantors on your home loan.

• We hold the highest level of mortgage broker qualifications.

Recommended mortgage broker in Sydney

Referrals and recommendations are the largest source of business to Mint Equity. Being a highly recommended mortgage broker in Sydney means we have the responsibility to deliver high service standards to ensure we look after our clients both in the short and long term. We pride ourselves on the 5 star reviews we receive and the constant recommendations we receive from existing clients. We know our clients are the best advocates of our services, and our relationship business model ensures no client feels as if they were just a loan processed. As independent mortgage brokers in Sydney, we chose not to rely on a franchise model to promote our brand. We created our own brand, ethos and business approach to provide our clients with an alternate option when they need a mortgage comparison. We offer a personalised service that isn’t restrictive like going directly to a bank, online lender or elitist city mortgage broker Sydney CBD.

WHY SEE A MORTGAGE BROKERS IN SYDNEY?

A Sydney mortgage broker is key for anyone looking to buy or refinance a Sydney property, particularly in a property market that is changing dramatically in terms of value and demand. A mortgage broker negotiates with banks, credit unions and other credit providers on behalf of the borrower to arrange various types of loans and source the best mortgage rates.

When choosing the best mortgage broker in Sydney for your needs, it’s important that the mortgage broker has both extensive industry experience and knowledge of the Sydney property market, so they are able to mitigate any potential concerns that the lender or property valuer raises.

Mint Equity keeps up to date with lender’s interest rates, policy changes and credit requirements to provide our clients with options from over 40 lenders and 100’s of different products. We assess your financial circumstances, find a suitable loan and manage the application process as well as providing advice and local knowledge at every step. Some mortgage brokers only provide services for home loans, but our background in residential, commercial, business and SMSF loans means you deal with one person not multiple finance brokers in Sydney or bankers for each different loan.

First Home Buyers

Refinance

SMSF Loans

Commercial Property Loans

COMPARE MORTGAGES AND HOME LOANS

We take the stress out of the mortgage comparison process for our clients to make it easier to find the best home loan in Sydney. With over 40 lenders and 100’s of products to choose from, selecting the right owner occupied or investment loan is made easy with our software that connects directly to the banks.

Discussing the objectives of your financial situation both for the short and long term, enables us to get a clear picture of your needs to reduce fees and charges and lenders mortgage insurance (LMI) costs.

As part of our free service, we’ll provide you with a full mortgage comparison in Sydney detailing the best mortgage rates and comparison rates. We can also specify your actual repayments using a repayment calculator and take into account any extra repayments and final loan amount if utilising an offset account.

When assessing your borrowing capacity and loan amount, we will explain how the bank calculates your ability to repay the loan if you decide to apply, and if required, advise how credit cards and their limits can increase or decrease your borrowing capacity.

Best mortgage rates

It’s easy to assume that the best mortgage rates are the ones with the lowest interest rate, but that’s not always the case. In some cases, a ridiculously low interest rate can come with fees and charges and lender restrictions that make the product more expensive. Comparison rates show the true interest rate but often borrowers are won over by the advertised interest rate and don’t factor in the other elements that add to your loan repayments. Some lenders add margin to their rates by monthly fees and charges, fees for extra repayments, offset accounts and redraw facilities. This can be confusing when you are looking for the best mortgage rates. We provide a full product comparison which includes all the hidden fees and charges so you can compare home loans in Sydney accurately.

BUYING IN SYDNEY

The Sydney property market has changed significantly over the last two years, particularly in areas of the Sydney CBD, the North Shore, Western Suburbs and Northern Suburbs. Getting into the Sydney property market can be tricky but there are still opportunities in the outer suburbs of Sydney. Buyers should avoid suburbs where there is an oversupply of apartments as lenders consider these to be high-risk, particularly by the big 4 banks. High-risk suburbs may require deposits of up to 30% from borrowers, so it’s important to speak with a Sydney mortgage broker before starting your property search. Given Sydney’s higher property values, getting the lowest loan repayments and including additional features like an offset account or redraw facilities are important to ensure you minimise fees and charges but also, pay down the loan as quickly as possible.

HOME LOAN CALCULATOR

One of the most confusing parts of securing a home loan is working out how much you can borrow and what the loan repayments will be. Working with a Sydney mortgage broker like Mint Equity removes the uncertainty as we give you the answers using our home loan calculator but also taking into account that every lender is different and they have their own home loan calculator which incorporate their own policy restrictions. This is why a generic online home loan calculator can give home buyers incorrect figures and why working with an independent mortgage broker in Sydney is key to getting accurate information. When calculating your borrowing capacity and loan repayments, we make sure you have the capacity to repay the loan and that you don’t extend your borrowings beyond your budgets.

HOME LOAN PRODUCT COMPARISON

Once you know how much you can borrow, the next step is to compare home loans to find the best mortgage rates. With access to over 40 different lenders and 100’s of different home loans, Mint Equity’s system pulls data directly from the lenders to ensure we get the latest home loan products and comparison rates for you to choose from.

Lenders generally update their interest rates weekly so staying on top of the latest interest rates can be challenging without the support of a mortgage broker to compare home loans, interest rates and the fees and charges associated. This is where Mint Equity takes the stress and confusion away from our clients. We provide you with a clear and considered product comparison that has the latest information and only shows you the products that suits your needs as your finance broker in Sydney. We can even recalculate the loan repayments to show you how extra repayments and an offset account will affect your interest and speed to repay the loan.

SYDNEY HOUSING MARKET

There has been so much talk about the Sydney property market over the last 18 months, it’s hard to keep up. One minute the market is booming, the next it’s slowing. No wonder people are confused. Following recent interest rate increases and the media forecasting a doomsday property crash, only a small correction in property prices can be seen.  Whilst some ‘experts’ are flagging a decline in property prices of up to 50%, these are the same ‘experts’ who said the property market would crash when Covid-19 hit. In fact property prices increased by up to 40% in some areas when Covid-19 lockdowns hit, so we would recommend taking ‘expert’ opinions with a grain of salt. 

Knowing how the property market is operating and which suburbs are showing lower values is expected of a Sydney mortgage broker. Ensuring that the bank valuation of the property stacks up against the purchase price or refinance amount is key to ensuring a home loan approval. This is where the services of a recommended mortgage broker in Sydney like Mint Equity is essential to meeting the objectives of your financial situation.

HOW TO MINIMISE LENDERS MORTGAGE INSURANCE (LMI) COSTS

The best way to reduce Lenders Mortgage Insurance is to increase the deposit amount you have or reduce the Loan to Value Ratio (LVR) on the home loan. Lenders Mortgage Insurance actually only protects the lender if you default on a home loan, even though it’s the borrower pays the insurance premium. Essentially, the higher the loan amount VS the property value, the more risk is associated with the borrowings. Therefore, if you are borrowing more than 80% of the property’s value, Lenders Mortgage Insurance will be required. Working with a recommended mortgage broker in Sydney like Mint Equity will ensure you utilise all the cost reduction tools available when calculating your loan amount, comparison rates and loan repayments to reduce the need for Lenders Mortgage Insurance.

Property valuations are key to application process and determine the LVR (Loan to Value Ratio) and how much LMI (Lenders Mortgage Insurance) is payable. Sydney mortgage brokers Mint Equity know the market and give buyers the confidence that if the property valuation comes in lower than expected, our team are ready with local knowledge to help mitigate any issues. Saving a 20% deposit can be difficult, especially if you are paying rent while trying to save. In some cases, paying Lenders Mortgage Insurance might be a good option as it allows people to get onto the property ladder sooner, rather than taking longer to save. Paying a Lenders Mortgage Insurance premium can enable you to borrow up to 95% of the home's value and there is the option to add the costs to the home loan so you don’t need to pay it in cash upfront. Even if you are refinancing to renovate or extend your property or looking to purchase an investment property, Lenders Mortgage Insurance can be used to get your property projects moving sooner.

HOW CREDIT CARDS AFFECT YOUR HOME LOAN APPROVAL

Some say that there is good debt and bad debt and credit cards definitely fall into the bad category when applying for a home loan. However, there are ways to ensure that your credit cards don’t cause more problems for you. Always pay your credit cards on time and every month. You can also reduce your credit card limits as the lender will take into account all credit you have, not just the home loan you are applying for. If you have multiple credit cards, then you may need to consolidate them or close the account completely to ensure you meet the lender’s credit policies. Some lenders include a new credit card with the home loan application, and they will also include that in their calculations. All these variations are why working with Mint Equity, finance brokers in Sydney, ensures you get the best mortgage comparison and home loan products.

HOW CAN OUR SYDNEY MORTGAGE BROKERS HELP?

Mint Equity assists clients with residential, commercial, business, and SMSF lending. Our role as a recommended mortgage broker in Sydney is to work with clients to identify the most suitable mortgage in Sydney and finance options from a portfolio of products from the big-four banks and multiple second-tier lenders to meet the objectives of your financial situation. We simplify the process for our clients, taking care of all the necessary administration tasks, which include the paperwork, application process, and the final settlement. In a tight and fast-moving property market, you need to move quickly. That’s where the Mint Equity team hit their stride. Finding a Sydney mortgage broker who not only knows all the ins and outs of home loans but is responsive and proactive is beneficial as we can fast-track and streamline the application for our clients.

Meet the Mint Equity team