Why use a mortgage broker?

This is a good question, one we are asked often.

We have established relationships with over 30 lending institutions in Australia, including the big 4 banks. This provides us the opportunity to select a solution and tailor the most appropriate home loan package to meet each client’s needs.

Before we make any recommendations to a client, we first need to assess their current situation and understand their short, medium and long term goals.

Once we have a complete picture of their situation, we can then structure a solution tailored to meet their goals and objectives that is both affordable and manageable.

We then, to ensure success, manage the implementation of our strategy from beginning to end.

A complete home loan package meets not only the home loan side of borrower’s requirements, but considers their lifestyle, spending habits and ease and accessibility they need in their day to day banking.  A complete home loan package can make banking easily accessible and save a person a lot of time.

Strategy (from Greek στρατηγία stratēgia, “art of troop leader; office of general, command, general ship”) is a high-level plan to achieve one or more goals in conditions of uncertainty.  In the sense of the “art of the general”, which included several subsets of skills including “tactics”, siege craft, logistics etc., the term came into use in the 6th century C.E. in East Roman terminology, and was translated into Western vernacular languages in the 18th century.  From then until the 20th century, the word “strategy” came to denote “a comprehensive way to try to pursue political ends, including the threat or actual use of force, in a dialectic of wills” in a military conflict, in which both adversaries interact.

Strategy is important because the resources available to achieve these goals are usually limited.  Strategy generally involves setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions.  A strategy describes how the ends (goals) will be achieved by the means (resources). The senior leadership of an organization is generally tasked with determining strategy. Strategy can be intended or can emerge as a pattern of activity as the organization adapts to its environment or competes in the market place.  It involves activities such as strategic planning and strategic thinking.

Henry Mintzberg from McGill University defined strategy as “a pattern in a stream of decisions” to contrast with a view of strategy as planning, while Max McKeown (2011) argues that “strategy is about shaping the future” and is the human attempt to get to “desirable ends with available means”. Dr. Vladimir Kvint defines strategy as “a system of finding, formulating, and developing a doctrine that will ensure long-term success if followed faithfully.”

The Great Australian Dream is a belief that in Australia, home-ownership can lead to a better life and is an expression of success and security.  Although this standard of living is enjoyed by many in the existing Australian population, rising house prices compared with average wages are making it increasingly difficult for many to achieve the “great Australian Dream”, especially for those living in large cities.  It is also noted as having led to urbanisation (or more specifically suburbanisation), causing extensive urban sprawl in the major cities.

A debt generally refers to money owed by one party, the borrower or debtor, to a second party, the lender or creditor. Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. The term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.

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