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Saravanand Naiker
Damian and the team has help us to purchase our home with ease. He has guided us along the way and keeping us informed with the progress. Very proactive and quick to come up with options when needed. Don't think I could have asked for a better Mortgage Broker. Amazing service. Hats off to you and your team.
David Paoli
I recently had the pleasure of working with Damian and the team from Margin Finance and I can’t recommend them highly enough. They made the mortgage process feel seamless and were able to explain everything in simple terms. Beyond grateful for the assistance received.
George Thomas
Outstanding service and expertise, we couldn’t be happier with the experience, Special thanks to Joanna, Damien and Simran. Highly suggested.
Shaun B McMahon
I highly recommend Damian and his team at Margin Finance. As a first home buyer with a smaller budget I had already been through two mortgage brokers who barely gave me the time of day. Damian and his team provided a completely different experience. From the very first call I felt a genuine care and attentiveness that was consistent throughout the entire process. Along the way I signed up for the acquisition service and Damian was incredibly diligent in helping me through my first purchase. He was readily available to answer questions and always in my corner fighting for the best possible outcome. After securing a property his colleagues were incredibly friendly and helpful during the settlement process. If you're looking for a mortgage broker you'll be in good hands with Damian and his team.
Maddi Skeggs
Really enjoyed our experience with Margin Finance. We are first home buyers and Margin were able to answer all of our (sometimes obvious) questions and take the time to explain everything until we full understood it - even if it meant explaining something multiple times. They made us feel secure and safe during the emotional rollercoaster of buying your first house, and I always felt good knowing we had them in our corner. Super personable and easily contactable. Thanks so much to you Damien and especially Andrew for your consistent help and to Jo and Alex also jumping in to support.
Theresa Meach
I couldn’t be happier with my experience with Margin Finance especially Andrew, Alex and Damian. From the very first consultation, the team was incredibly knowledgeable and attentive. They tailored their advice to my situation and provided me with a personalised plan. Andrew and Alex were always available to answer my questions even on their day off!! I would highly recommend Margin Finance to anyone looking for a reliable and knowledgeable team! Thank you again for helping me secure my first home.
A Mortgage Broker is a professional who acts as a middleman between borrowers seeking a mortgage loan and the financial institutions providing these loans. They help you find the right mortgage loan from various lenders, offer personalised guidance, and negotiate favourable terms. Mortgage brokers simplify the application process, have access to multiple lenders, and can save you time and effort.
Our services are free. You don’t pay us. The bank or lender does at no cost at all to you. Mortgage Brokers are paid an upfront commission and a trail payment. The upfront commission is a one off payment that is paid to us by the lender/bank we refer your loan to (usually between 0.65% to 0.7%) as we do all of the legwork to get your loan approved. A ‘trail’ or ongoing commission is also paid by the lender to us which is an ongoing commission (usually around 0.15% p.a.) based on the balance of your loan. There may be occasions where you may be charged a fee by your broker. Terms, conditions and normal lending criteria apply. This generally occurs if we are dealing with a complex file that will require well above the standard amount of time to complete the file. If Margin Finance believes a fee will need to be charged, this will always be communicated to you before proceeding.
When you visit a bank directly, they will only be able to sell you a loan or product that they have. When you visit a mortgage specialist like Margin Finance, we find you the perfect loan out of 40 different lenders. You may believe that a certain bank is right for you, but how do you know that if a mortgage specialist has not assessed you?
The main documents you will need to provide to get a home loan are:
- Proof of identification: passport, driver’s licence, birth certificate
- Income: recent payslips, tax returns
- Expenses: a detailed list of your monthly expenses from subscriptions to petrol costs
- Assets: ownership details for other properties, cars, savings
- Liabilities: statements for any existing debts
When dealing with us, we will inform you specifically of all of the information we need to work on your mortgage.
Your borrowing capacity is an important number and can differ a lot between banks. You can use our borrowing power calculator here which will only give you a rough estimate of your borrowing borrow. You should always speak with a Mortgage Specialist to discover how much 45 lenders will lend you. The factors that determine your borrowing power are:
- Income
- Expenses
- Debts
- Dependents
- Purchasing costs
- Savings and Equity
At Margin Finance, we encourage you to speak to us even before you are ready to buy a property. Speaking with a mortgage specialist will allow you to understand your borrowing capacity and your likelihood of being approved. If you want to buy a property in 6-12 months, speaking with a broker now can help you identify your position and if your situation aligns with your goals. We help clients at all different stages of their journey. If you are unsure when you should be coming to see us, simply ask. You have nothing to lose, and so much to gain, by contacting a broker. Our services are free and we are full of information to pass onto you.
MY OPTION LOANS PTY LTD AS TRUSTEE FOR MACADA FAMILY TRUST ABN: 19 385 994 864. Credit Representative #445563 is authorised under Australian Credit License #391237
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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