After finding your dream home, it can be heart-breaking to realise that despite having pre-approval from a banking website, you don’t actually have the finance to proceed with the sale.
While online mortgage calculators indicate how much you can borrow, they’re “no silver bullet” according to Goodwin Home Loans managing director Matthew Goodwin.
He said engaging a mortgage broker to fully investigate your financial position and choose the right financial institution to suit your needs was the best way to ensure you had the money to make that all-important home purchase.
“People are turning up to auctions with desktop pre-approvals that haven’t actually been assessed by the lender, then discovering they can’t proceed with the purchase,” he said.
In order to help their clients secure their dream home, real estate company The Property Collective has partnered with Matthew and the Goodwin Home Loans team to make buying property in Canberra as stress-free as possible through their new financial arm – The Property Collective Financial.
Whether you’re gearing up to buy your first home, or looking to add to your investment portfolio, you’re probably going to need to borrow money, which can be a time-consuming and complex process. But The Property Collective’s director of sales and projects Will Honey said it didn’t have to be.
“We’ve done our research and teamed up with the best in the business, Goodwin Home Loans, to offer buyers access to some of the best mortgage brokers in Canberra,” Will said.
“The Goodwin Home Loans team is experienced and has access to over 40 different lenders, so they can help prospective buyers navigate the complex process of obtaining finance, even if they’ve been rejected by banks in the past.
“In the current financial climate, it’s more important than ever to know exactly how much you can borrow when you’re looking to buy a property, especially if you’re a first home buyer.”
Will said The Property Collective Financial team, powered by Goodwin Home Loans, would ensure buyers were going out into the market with confidence and knowing exactly how much they could spend on their new home.
“There are still plenty of properties selling quickly and buyers without finance approval are missing out,” he said.
“Our partnership means if we have a buyer that’s serious about a property, they can talk to someone from the Goodwin team and get their finances sorted within 24 hours so they’re ready to jump on a property.”
With the changing financial landscape, Will said banks were offering “all kinds of incentives to attract customers”, and The Property Collective Financial experts were across all the policies and fine print to ensure clients received the best outcome.
“Working in collaboration with Goodwin Home Loans means our clients will get the lowest home loan rate possible. We’ll do it fast, and we’ll make a complex process simple,” he said.
“Plus, we’ll do everything we can to get your home loan approved when others say they can’t.”
Matthew said he was thrilled to be working alongside The Property Collective to provide a “streamlined home loan service”.
“We’re the middleman between the bank, solicitors, real estate agents and buyers,” he said.
“Not only is this fantastic news for buyers, but it’s also great from a seller’s perspective because they can be confident the sale will proceed to exchange.”
Matthew said many people struggled to gain finance due to their income or employment situation, but added some lenders were more flexible and it was a matter of knowing each bank’s policy “inside and out”.
“It can be tough for contractors, casual employees and people that are self-employed to get a home loan,” he said.
“If there’s anything about their income or situation that’s not vanilla, there’s a chance their finance will not be approved.
“If we can assess their situation and talk to the lender on the client’s behalf, often they can end up gaining approval to borrow more money – even after another bank has said no.”
Will and Matthew agree that combining their expert teams will provide home buyers with a “seamless” experience.
“Not only will you have access to some of the top mortgage brokers in Canberra, but with us, you’ll get preferential treatment and an elevated real estate experience,” Will said.
“We have also earned elite status with many of our lenders which means our loans will skip to the front of the line and be processed as a priority over others without it,” Matthew added.
If you’re in the market for a property and struggling to gain finance, have a chat to the team at The Property Collective Financial and start down that exciting road to home ownership with confidence.