Mortgage Tracker - Mortgage Broker in Perth

When looking at your finances, it is important that you assess all aspects of your loan. At Mortgage Tracker we offer a personalised service from start to finish and long after the loan has settled.

With access to major and non major Banks and lenders there are literally 100’s of products to choose from.

Let us help you! We come to you 7 days a week and bring over 30 Banks and Lenders with us.

Before committing yourself to a Home Loan, it pays to either see a Mortgage Broker, Financial Advisor, or at least make a plan of how you foresee your future. Example is, what are your goals? Do you plan on having children? Are you looking at a new Job? These sorts of things will impact what sort of loan is suitable and also the amount you wish to borrow. The last thing you want to do is over commit. Do you have other debts, like credit cards and personal loans? How will having a mortgage impact these debts. And if you have a mortgage already and large personal debt, it may be worth looking at consolidating this debt to reduce your monthly repayments. With this option you would need to have some equity in your property.

Do you understand fully what Equity is? And how you can use it?

Equity is the difference between what you owe to the bank on your home loan and what the value of your home is worth.

So for example if you have a $500,000 home and you owe $300,000 then you have $200,000 equity or 40% Equity. You can use this equity to purchase another home, this option allows you to use your equity to cover your purchasing costs so you personally pay $0 out of your own pocket upfront. You can also use your equity to buy Cars, Boats, Holidays.

Most commonly is Home Improvements. Any of these scenarios can be discussed with your Mortgage Broker.