Mortgage Broker 24/7 is a team of Mortgage Brokers
Experienced Mortgage Brokers
LOW DOC LOANS
We deliver the best possible low doc loan from 3.85% and up to 80% LVR. With a low doc loan you do not need to provide the normal documentation such as full financial statements, pay slips or tax returns. Each case is different so please call us on 1300 LOAN 247 (1300562624).
LOANS - INTEREST ONLY
There are a variety of of interest only loans for investors looking to purchase property and achieve capital growth. An interest only loan has lower repayments than a principal and interest loan, allowing you to maximise leverage and returns on capital.
5% DEPOSIT HOUSE LOANS
5% Deposit House Loans, 5.03% rate, LMI can be borrowed, Max LVR 95% incl LMI
LOANS FOR CONSUMERS
Home and rental property loans, Personal Loans, Car Loans, SMSF Loans, Debt Consolidation
Call us at 1300 562 624
How does a Mortgage Broker help you?
Mortgage brokers take your side against the banks. A good broker understands your needs and negotiates the best possible terms to meet your requirements. We like to set up offset accounts to cut your interest bill, organise redraw facilities to allow more flexibility, and mortgage insurance when you need to borrow more than 80% of the property valuation.
Mortgage broker 247 Melbourne based broker can refinance your current loans and extend your loan for a longer term.
Mortgage brokers are not money lenders. They simply act on behalf of borrowers when dealing with a bank.
The mortgage broking industry is growing because borrowers are seeing the value of having support against the might of the major banks. Since the financial crisis in 2008, many minor banks have disappeared, leaving the major banks with too much bargaining power.
A self managed superannuation fund (SMSF) can borrow money to buy property for investment purposes. Our team of mortgage brokers can organise your SMSF loan. The loan is supported by your employer’s contribution made on your behalf and the rent earned from the property. It is a non recourse obligation which means that the SMSF and not you are not personally liable for the loan.
Principal & Interest loan
A standard home loan is on principal and interest terms meaning the repayments are set at such a level to reduce the principal, and not just pay the interest. Mortgage Broker 247 recommends a P & I loan if your objective is to repay the loan quickly. Making more regular payments can reduce your interest bill.
Mortgage Broker 24/7 is an experienced team of mortgage brokers Melbourne wide. We arrange loans that help you achieve your goals by delivering low interest rate loans with maximum flexibility. We represent you, not the banks.
Mortgage Broker 24/7
Frequently Asked Questions
Offset Account 1
What is a redraw facility? 2
Refinance Loan 3
Need debt consolidation? 4
An offset account allows you to deposit savings and is uses as an everyday account. The balance of the account is subtracted from your home loan before calculating the interest bill for the month. It is a great feature to include with your loan package.
A redraw facility allows you to withdraw any extra payments you have made to your loan.
Mortgage Broker 247 can often refinance your loan at a lower rate if you are with a major bank. We can achieve lower interest rates with well known lenders.
You can refinance all you high interest rate debts, like credit cards and personal loans, by taking out a larger loan on your house. Debt repayments will be lower and your interest costs will reduce with a successful debt consolidation package.
TO DISCUSS YOUR OPTIONS FURTHER CALL OR EMAIL US 24/7