Signs that your mortgage is harming your financial health include:

1. Your effective interest rate (interest and fees) is higher than it needs to be
2. You have other debts besides your mortgage
3. You don’t feel like you are getting anywhere
4. You pay too many fees
5. You worry about repayments

If you are suffering any of these symptoms, you will probablty benefit from a mortgage health check to make sure the mortgage you have in place is the right one for you and that you aren’t paying too much.

Refinancing Tip:

If you can’t recover the cost of refinancing within 1 to 2 years, you probably shouldn’t switch lenders. A Mates Rates mortgage broker can help work out the cost of refinance and simplify your decision.

[contact-form]

Keep up repayments

If you have separated and currently have a mortgage on your family home, it is important that repayments to your existing lender are maintained, no matter who is living in the property. Short term financial arrangements should be put in place as soon as possible to ensure all payments are kept up to date to prevent unnecessary problems further down the track.

Act early

If you’re unable to make repayments or come to an arrangement with your ex-partner, you should make contact with your lender as soon as possible. Hardship provisions can usually be initiated to help you through this difficult time.

Get help

We have Separation and Divorce property settlement speciailists who are sensitive to your situation and who help remove the complexity of working out what is possible and which way to turn when it comes to refinancing the family home, of funding a new start. You don’t have to go it alone.

Here are a few recent comments on what we do and how we do it.

First Time Buyer – Wonderful

Our decision to go with MatesRates was one of the best ones we made last year.

Everything went all good and smoothly, and Trent Lee and the team did a wonderful job in assisting us to get the best loan for us. Just give them a list of features that you want in a loan, and they will be the one doing the hard work for you.

In addition to that, you couldn’t go wrong with the ongoing comission rebate,

At first we were thinking this is a bit too good to be true, and most people would probably think so too, but this is actually a very good example of thing that is done right. They’re happy, We’re Happy. it’s a win win situation. In fact, we just received it again few days ago. I know someone who gost 400$ back from the homeloan broker, but it’s a one off thingy, where ours is ongoing. On a different note, you don’t really need to meet them personally, everything can be done by Phone or Emails so this will suit people with jobs. We’re really happy with them and we always tell everyone about it as soon as we’re talking about homeloan. Contact them now, and you’ll know why we’re happy.

Andrew & Indrawati on Mates Rates help buying their first home.

Overseas Buyer – Unbeatable

In December of 2007 we bought our first home in Australia. Mates Rates was recommended to us. Even though we were difficult and extremely demanding they were professional and helpful and got us a deal that we could not beat anywhere. They were careful to ensure that we were informed throughout the whole process and there were no surprises.

They continue to follow up with us to ensure that we are happy customers and keep us informed. All in all a great experience!

Kerry & Desi on Mates Rates help buying their first home in Australia.

Refinance – Easy, no pressure

My experience with Mates Rates Mortgages was extremely positive. There was significant consultation about my requirements for a home loan which was followed by the provision of a variety of information about options that might fulfil the criteria that I had outlined. The information was provided in a format that was easy to understand and interpret and allowed comparison between products. The broker was available to answer questions at any time and appeared to have a comprehensive knowledge of a wide range of products from different lenders. At no stage did I feel pressured to sign up with any particular company.

The service provided by Mates Rates Mortgages was excellent. I was able to contact them at any time and timeliness of responses to questions/requests always exceeded my expectations. Once we decided on a loan product, their staff stepped me through the completion of the paperwork which saved a lot of time and reduced a lot of stress. We were moving interstate at the time and had significant time constraints. With the assistance of Mates Rates Mortgages, we were able to meet our extremely tight timeframes. Our lender at the time did not provide any options or seem interested in assisting us meet our requirements. It was an easy decision to discharge our loan with that particular organisation.

Based on my experience, I would recommend Mates Rates Mortgages regardless of any commission refund. Their service warrants referral irrespective of any refund. The broker did not push a commission refund as a selling point with any particular product – it was mentioned more as an added benefit rather than a reason for making a decision one way or another. The focus was geared towards meeting my requirements. I have been very happy with the recommended product as I had made an informed decision which was based on accurate information provided by the broker.

First Home Owner – Awesome

 “You have been awesome, I cannot believe there are so many organisations out there that lack professionalism but you have kept my belief that there are still great business people out there…”

Police Officer Darren, on Mates Rates Mortgages help financing his first home.

Next Home Buyer – Incredible Support

“I would like to express my sincere thanks to you and the team at Mates Rates, especially Jodie who provided incredible support and constructive advice during my recent home loan settlement.

Due to circumstances beyond my control the settlement date was delayed for some four months and it was during this most stressful time that Mates Rates showed their true professionalism and industry ‘know how’. Your advice to ‘lock in’ my mortgage rate proved to be invaluable information, virtually saving me 1,000’s of dollars off my mortgage and for this I truly thank you.”

Staging Manager Glenyse on Mates Rates help purchasing her dream home off the plan.

Investment Property – Professionalism

“My sincere thanks for your commitment and professionalism in establishing this loan facility.

One happy customer.”

Accountant Paul on Mates Rates help financing a new investment property.

First Home Owner – Forget the others

Trent Lee and his team were fantastic, they found me a loan for my first home that had all the options I wanted. Funny not one of the other brokers even mentioned the lender with whom I obtained my mortgage. With the bonus of the Mates Rates rebate I have no hesitation recommending their service. Forget the others, for better deals go MATES RATES!!”

Storeman, Graham on Mates Rates help financing his first home.

Refinance – A diamond in the rough

“Alan and I have dealt with several other brokers over the past five years and came to you because, quite frankly, they didn’t deserve the repeat business. We will definately be coming back to ‘Mates Rates when we are ready to purchase our next property. Your professionalism, attention to detail and customer service is exceptional. From the very first phone call, all the way through the process you didn’t miss a beat.

As all the other brokers boast ‘after sales service’ this is where I was most impressed. A letter asking us if we’re happy and offering to change things if we weren’t – at no cost? Remarkable! and the cheque in our account each month is the icing on the cake.

In a ‘cut throat industry’ Mates Rates have turned out to be diamond in the rough. Looking forward to doing business again in the future“

Staff Officer Trudi on Mates Rates help refinancing.