Straight-Forward & Hassle Free
Whether you’re taking your first steps onto the property ladder, moving to your next home, or trying to raise funds against your existing residential property, we are here to help. The lending market is saturated with banks and financial institutions offering a range of mortgage and insurance products all with their own fine print and price levels.
The large volume of criteria, paperwork, and considerations can sometimes be overwhelming when approaching them alone. Which is why here at PMC we pride ourselves in our ability to provide a straight-forward, streamlined process which will get you on your way quickly and hassle free.
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When Should I Get Mortgage Advice?
Timing is Crucial: It’s advisable to seek mortgage advice early in your home-buying journey. Whether you’re just considering purchasing a home or actively searching, understanding your financial capacity and mortgage options will streamline the process.
Do I Need a Mortgage Advisor?
While not mandatory, a mortgage advisor can provide invaluable assistance. They offer expert advice, help navigate complex mortgage products, and often have access to a wider range of deals. Their expertise can save you time, money, and stress.
How Much Do I Need to Earn to Get a Mortgage?
Affordability Matters: Lenders assess your income, expenses, and debt-to-income ratio to determine how much you can borrow. A general guideline is that mortgage repayments should not exceed 28-31% of your gross monthly income.
Is It Better to Get a 3 or 5-Year Mortgage?
Consider Your Plans: The choice between a 3 or 5-year mortgage depends on your financial goals and market conditions. A 3-year mortgage offers more flexibility but may result in increased renewal frequency. A 5-year mortgage provides stability but with less flexibility.
Can I Apply for a Mortgage Without a Broker?
DIY Mortgage Applications: Yes, you can apply for a mortgage directly with a bank or lender. However, keep in mind that a mortgage broker’s expertise can streamline the process, potentially securing better terms and saving you time.
Am I Too Old to Get a 30-Year Mortgage?
Age is Not a Barrier: While eligibility criteria may vary, many lenders offer mortgages to individuals well into their retirement years. The key factor is your ability to make repayments, and lenders may consider pension income or other assets in their assessment.
Is It Better to Go to a Mortgage Broker or a Bank?
While banks offer mortgages, a mortgage broker can provide access to a broader range of lenders. Brokers compare deals across the market, ensuring you find the most suitable mortgage for your needs. It’s essential to explore options and not limit yourself to a single lender. Ready to get started? Contact us now!
Best Mortgage Advice
Assess Your Budget: Understand your financial capacity and choose a mortgage that aligns with your long-term goals.
Compare Deals: Don’t settle for the first offer. Shop around, compare interest rates, and consider additional costs.
Consider Your Future: Anticipate life changes, such as job moves or family expansions, when choosing your mortgage term.