What’s the one reason the majority, if not all of our visitors come to The Mortgage Calculator? To use our free and easy online calculation tool of course! But did you know that although we specialise in helping first time applicants and repeat borrowers to work out what they may be able to afford to borrow, this is just a small part of what we do?
We also help our visitors to get in touch with mortgage brokers; many of which could be considered some of the best in Melbourne, let alone Australia. If you think about it and get to know our services to the fullest extent, you’ll quickly realise that we actually offer quite a few different services that can help with the entirety of the mortgage application process.
So, what are the three things that we feel could be used alongside our own home loan calculator to help you to get the most from your application process?
Hiring a mortgage broker
If you really want to maximise the chance of saving cash on your mortgage, then there’s no better expert to turn to than a home loan broker. These agents are tasked with comparing different interest rates from banks, so that you can enjoy the most affordable options; without having to run the risk of paying a fortune on fees, as you repay what you owe.
Taking on an accountant
In order for any bank to take your application seriously, they will need to see that your finances are easily understood and in order. To help you with this, we’d suggest getting in touch with an accountant, simply because they can create what we call a ‘statement of accounts’. This document will detail your annual income, your expenses and other important details, simply to make it easy for your bank to see what you make and what you can afford to borrow.
Seeking help from a financial advisor
Another great complement to our online loans calculator is a financial advisor. Not only will these experts be able to help you to get on top of your finances; they might also be able to offer advice on where you could cut back to add to your savings. Use our calculator to understand what you can borrow; but rely on an advisor to help you to see where else you could save money, or where it might be better spent.