We are Mortgage Brokers

Victor started Blackk in 2007 and is the head mortgage broker.  We have offices in Brisbane (West End) and on the Gold Coast (Burleigh Heads).

Yes, our Australian Credit Licence is 386 726.  We were established in 2007 and we are members of the FBBA which is the association for mortgage brokers.

Our free 20min phone calls are designed to give you clarity and advice on your next steps. It’s also a good opportunity to get a feel for who we are and how we can help.

Simply hit the book a call button and you can choose the type of call you are after. Our most popular free calls are:

• Fast & immediate home loan approval – when needing home loan approval  in the next 4 weeks.  We will jump straight into understanding your financial and personal situation so we can recommend how best to get your home loan approved fast.
• Get Home Loan Ready Call – if you’re in planning mode, usually 3 months to 12 months out from applying for a home loan. Get clarity on what you can borrow and spend, how much savings you need, and what you need to do to prepare.

No, it’s so convenient now. You no longer need to travel to our offices after work as we have an amazing system connecting with you via phone and video calls.

Our community have embraced this convenience as there is minimal impact on family time. Let’s be honest, every mum and dad need a bit more time back of an evening so our sessions together are normally done during the day from home or work  (and yes you can both be in  different locations).

When it comes to signing home loan documents, most banks allow you to sign via E -Sign from you mobile, tablet or PC.  In some cases, you may need to duck down the road to have documents witnessed by a JP (Justice of the Peace) or if you’re local to Burleigh Heads we can do that for you.

Approval time frames depend on how straight forward your financial situation is and how well prepared we got you before applying.  In general though it can take from 1 to 5 business days to get loan approval, sometimes longer if the lender has a backlog of applications they are reviewing.   We keep you updated along the way so you always know where you stand.

When applying for a home loan in Australia you will generally need the following. however please note this may vary for your situation and lender.

• Personal
  • Proof of ID, like a drivers licence and passport
  • Last 3 years home address
  • Last 3 years of employment
• Bank statements from every account (savings, credit cards, loans)
• Proof of income
  • If you are PAYG
    • Usually last 2 Payslips
    • Employment contract and PAYG payment summary/Notice of Assessment may be required
  • If you are self employed
    • Usually 2 years of personal and company tax returns and financial statements
    • Company debts – 2 most recent statements
    • Latest BAS
    • Accountants letter
  • Rental income received
    • Bank statemens showing income
    • Rates notices
• Credit file
• Current properties you own – rates notices
• If a home purchase – the contract of sale

Generally it costs you nothing to use a Mortgage Broker to get your home loan approved and settled.

Mortgage Brokers get paid by your lender at the settlement of a Home Loan.

Lenders pay Mortgage Brokers in the background in the same way that they would pay their local branch staff in the background.

The client isn’t expected to pay the branch clerk when they go and see them, just like we don’t expect them to pay us directly.

So what that means is that we as your Mortgage Brokers don’t get paid unless we get you a home loan that’s approved.

There are some instances when it will cost you to use Blackk Mortgage Brokers, however I will always let you know upfront when this is necessary and what additional benefits you can expect from me.

Have a think about:

1. Immediate property goal, for example where do you want to buy, how much you think you can spend, when you think you can buy?
2. Do you want to renovate shortly after?
3. How long do you want to stay in the property?
4. Will your lifestyle change significantly in the next few years, for example going down to one income as starting / growing a family or taking time off work to travel or start a business?
5. Do you ideally want to buy an investment property or a car?
6. A good estimate of your incomes, assets, debts.

Here’s what I’d ask a Mortgage Broker if I was looking for one:

1. How would you recommend we approach our goal (insert .. buy, build, renovate)
2. How should we prepare our finances right now so we are ready?
3. What do we need to be careful of?
4. These are our future property and money goals, what impact could they have on the type of finance we apply for?
5. Once we have the loan, do you have any recommendations on how we manage our money?

Have you been into your local bank and spoken to their home loan specialist and you’re now wondering if you should also consider a mortgage broker?

These are my top 5 x biggest reasons to not use your local bank for your loans.

1. The bank will only show you loans from their bank (a mortgage broker can see loans from at least 40 different banks and lenders). The loan the banks shows you could be an ok option for you but it may not be the best option. Did the lender take into consideration your goals in the near future like wanting to access equity to renovate or buy an investment property or the flexibility of being able to pay off a chunk of your loan sooner?

2. Banks don’t show you how to prepare before hand for a home loan (we do). Most people need to tidy up their finances for 3 to 12 months before applying as this gives them the best chance of getting their home loan approved easily when the time comes to apply.  If you’ve had a loan declined in the past then you know first hand what I am talking about.

3. Banks don’t advise you on how to improve your borrowing capacity which allows you to (safely) borrow and spend more on your home, renovation or investment property.   With higher interest rates and tight credit rules, banks are not lending people as much as they were a year ago. There are a few awesome tips we can share that will help to boost your borrowing capacity back up to the budget you need.

4. Banks staff usually aren’t as familar with the steps to buy or build a property as we are.  We do it day in, day out.  Knowing what to do first and where to go next simplifies the entire home buying / renovating / building journey for you.

5. Banks certainly can’t help with your negotiation when making an offer to buy a property. Advice when you’re in the thick of it going back and forth with a savvy real estate agent (who does this for a living) over the price and terms goes down well with our clients.  We have helped our clients get their offers accepted time and time again.

A Mortgage Broker works for you. We act as the bridge between you and the bank when you need home loan advice and home loan approval.

We find you a great home loan, handle the application process, then get it approved on time so you don’t miss out on buying the home you really want.

We keep you updated on where your application is at so you always feel informed and in control.

If you went directly to a bank for a home loan, you would only hear about the 2 or 3 home loans they offer. Mortgage Brokers give you choice, as we can access the hundreds of home loans on offer from 40 banks and lenders in Australia from our leading edge software.

Choice and options are important, as where one lender may not approve you for a loan, there may be others that will.

All this aside, I believe the biggest benefit of using a Mortgage Broker for your home loan is the advice and guidance we offer to buy well and get you ahead financially.

Home loans these days are more complicated to navigate so I don’t recommend going it alone.