Do Mortgage Brokers Save You Money? | Client Story


A Quick Overview

Details Description
Customer Goal To purchase an investment property as an Aussie expat
Problem
  • Could not fly down to Australia to complete any mortgage-related paperwork
  • Could not fly to San Francisco to verify his ID
  • Loan Amount $814,400
    Security $1,018,000
    LVR and Term
  • 80% Loan to Value Ratio (LVR)
  • 30 years
  • Income $263,370 (US$185,764)
    Solution
  • Our team filled out all the mortgage-related paperwork on behalf of the client
  • For ID verification, our broker liaised with the lender and got the client an exception

  • A Perfect Investment Strategy

    Aaron, an Australian expat living in the United States in recent years, was looking to purchase an investment property back home.

    Working for a reputable organisation, he saved enough to make investments.

    Aaron invested in company shares and built himself a profit-generating portfolio. He then decided to purchase an investment property in Queensland where he would use the $275,000 (US$200,000) he made in shares as the mortgage deposit.

    Though he had not found himself a property yet, he knew he wanted to purchase a house worth around a million dollars and rent the house throughout the loan term. This way, the rent that the house generated would help him repay his mortgage and earn him some side income, too.


    The Pandemic Becomes A Hurdle

    As Aaron was living in the United States, taking leave from work for months to find himself an investment property wasn’t financially reasonable. Adding to that was the Australian Government’s border restrictions during COVID 19, making it impossible for him to visit Queensland.

    Even if Aaron couldn’t make it to Australia, the lenders would still require him to fly to San Francisco to get his ID witnessed by the Australian consulate.This is because, unlike other states, Queensland does not allow another person to complete your Verification of Identity (VOI). And flying to San Francisco wasn’t an option.

    On top of that, Aaron’s wife is a healthcare professional, so any potential exposure to coronavirus was a major concern. COVID cases were increasing, so travelling across the state would have endangered his wife and hundreds of her patients.

    Aaron could not risk travelling.


    Broker Saves The Day

    Aaron knew there must have been a better way. He then searched for mortgage brokers online, and that’s when he found Home Loan Experts. He enquired with our customer support, who matched him with one of our brokers, Jonathan Preston.

    Jonathan specialises in expat home loans, so when Aaron explained his case, our broker knew exactly what to do to secure the home loan.

    Below are just some of the highlights of what Jonathan did for Aaron.

    Why use us?

    We aim to set an example by delivering what we promise: a higher level of service, better advice and better home loans.

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    Australia-wide services

    We finance properties anywhere in Australia for people anywhere in the world.

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    Get incredible interest rates

    Our relationships with our panel of lenders allow us to negotiate your interest rate.

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    We get tough loans approved

    We can help you navigate the often complex pre-approval and application process.

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    Discover more reasons to use Home Loan Experts

    How we find you the right solution

    We get a complete understanding of where you’re at and what your ultimate goals are.
    You’ll get a recommendation in just a few simple steps.

    1

    Complete our free assessment form or call us.

    2

    We assess your situation.

    3

    We look at all the options from our panel of lenders.

    4

    We will find you the most suitable home loan deals.

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    Facts
    about us

    50+

    lenders on
    our panel

    $4B+

    lent Australia-wide
    and counting

    75%

    of our borrowers get
    approved with a major bank

    95%

    of our borrowers get a discount
    below the bank standard variable rate