Making a big purchase can be a daunting experience. There is always so much to consider when taking out a Home Loan or Investment Loan, whether you are re-financing, down-sizing, investing or buying your first home. That’s why it’s vital to use a Mortgage Broker who will assist you – a Mortgage Brokerthat understands the finance industry to find you a competitive loan that best meets your needs and lifestyle.
At The Mortgage PA our aim is to find you a loan that not only meets your requirements, but exceeds your expectations in terms of rate, product and service. We believe in providing you with choice and at The Mortgage PA, we look forward to supporting you in your dream of owning your own home or investment property.
Helen Petterson is an experienced mortgage broker based in Banyo, QLD. With a solid foundation of 8 years in banking and lendingwith one of the Big4 banks before moving into mortgage broking.
"I always enjoy holidays with my family camping or doing 4WD Adventure trails. I also have a great art studio where I paint and do mosaic artworks.
I'm a proud sponsor of Family Radio Station 96.5, as a regular advertiser/sponsor to reach the broader Brisbane community, and promote The Mortgage PA services through meaningful partnerships with local Buyers Agents, Financial Planners, Accountants and Real Estate Agents.
Working at a bank I was only able to offer that bank's products, which didn't suit every client, and sometimes their circumstances weren't acceptable to the bank's policies. As a mortgage broker I can access different lender policies to uncover where a client can access the right lending to meet their needs. I live for the challenge of strategizing with my clients which lender, and what loan structure will help them meet their financial goals; whether they're buying their first home, refinancing, or investing. Am I like most every other broker? Perhaps – we all do pretty much the same thing, but I like to think I’m different because I take the time to empathise with my client’s needs, and not just how many loan applications I can lodge in a month. I’m also focused on equal lender opportunity – not favouring one lender over the other, just because I might know their lending policy better. When a lender proves to be the right fit for my client, I take the time to understand the finer points of their lending policy to give an application the highest possible chance of success for my client.
Probably one of the most memorable outcomes for me was a client that was really struggling financially to pay the mortgage repayments and the monthly credit card bill. Her husband had already retired and their scenario was out of scope for most mainstream lenders. Their remaining loan balance was under $250,000 so the lender wouldn't negotiate their interest rate, even though it was more than 1.5% over the going rate. Refinancing was their only alternative to achieve a better rate and lower monthly repayments. I was able to find a lender that offered them a better rate, consolidated most of their credit cards to close them, and their final monthly repayment, after consolidating, was less than their monthly mortgage repayment with the previous lender - ultimately saving them nearly $700 per month in repayments. It's these stories that measure the success of the business and develop clients who go on to become an advocate for the business."
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Help Desk
What an amazing experience, Helen has given me great advice and set a plan in place to suite my needs and affordability. I highly recommend her and will use her for future references Thank you Helen
TN
Thinus Neethling
It has been such a pleasure to work with Helen. Despite me and my wife's busy schedules, Helen has been so patient to guide us through the process of refinancing our home. Helen is now a professional contact that will join us on our real estate journey for many years to come.
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Luke
I recently had the pleasure of working with Helen – The Mortgage PA for our first home purchase, and I couldn’t be more thrilled with the service she provided. From our initial consultation to the final closing, Helen was a beacon of ...
Mortgage brokers are qualified finance industry professionals. They work with you to determine your borrowing needs and objectives, and to help you determine how much you can borrow. Brokers help to ensure that you don’t take out a loan that is not right for you. Like your solicitor, accountant or financial planner, we are specialists in what we do and will provide you with a suitable finance solution to help you achieve your goals. With a mortgage broker, you can expect a more personalised level of service than you would usually receive directly from a lender. Additionally brokers have access to finance products from a wide variety of lenders. This means your broker can compare lending products from different lenders to find a loan that’s just right for you.
Absolutely not. First of all, there is very little difference between the commissions paid by the various lenders. There is also legislation in our industry called the National Consumer Credit Protection Act (or NCCP), that is designed to protect consumers and ensure ethical, professional standards in the finance industry. We tell you upfront what commission we will be getting from the lender. Our job, our only job, is to find a competitive loan for your needs and objectives.
Some mortgage brokers charge a fee for their services and some don’t. When you take out a loan via a mortgage broker, it does not cost you more in loan repayments. Brokers get paid a commission by the lender for bringing new business to them, but this does not impact your interest rate. Some brokers charge a fee for their service. They must disclose this fee upfront to you so that you know what it will cost if you engage their services.
A mortgage broker suggests a loan depending on what matters most to you, like "paying off my loan fast" or "having fixed repayments" or "keeping costs low." But, here's the rule we go by: If you prefer flexibility, go for a variable rate loan, but if you want certainty that your repayments won’t go up then choose a fixed rate loan. Perhaps you want a bit of both - then you may wish to consider a split loan.
Lenders will only sell you their own products. Each bank (or lender) has a variety of loan products on offer – low doc, package loans, loans with re-draw facilities, plant and equipment loans, fixed rate loans, interest only, interest in advance, variable, introductory variable …. and so on. The issue you face as a consumer is ‘which loan is right for me?’ And that is where your Mortgage Broker becomes an invaluable resource! 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 to find the right loan for your needs. We are across many lenders and all of their loan products, and our sole purpose is to find a suitable loan to match your personal financial circumstances and goals.
When figuring out how much money you can borrow, we look at a few things like how much you earn, where you work, how much money you've saved up, what you spend on living, and any debts you have. Our borrowing calculator can give you an estimate, but for a more exact idea, just give us a call. We'll talk through your situation and options to help you out.
The Mortgage PA ABN: 81 671 333 869, Mellifont Holdings Pty Ltd ABN: 81 671 333 869 trading as The Mortgage PA. Credit Representative #553267 is authorised under Australian Credit License #389328.
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. Terms, Conditions, fees and charges may apply. Normal lending criteria applies. Rates subject to change. Approved applicants only.
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