Carlton’s property market offers excellent opportunities, especially in the outer suburbs. However, knowing which areas to avoid (such as those with oversupply) is crucial, as lenders view these as higher risk and may require larger deposits.
Partnering with a local Carlton mortgage broker ensures you receive expert, tailored advice. We help you secure competitive repayments, beneficial loan features, and monitor interest rate changes to ensure you always get the best deal. By working with a broker, you can also gain insights into emerging suburbs where property values are expected to rise, potentially increasing your investment’s long-term return. Read More
Simplifying the Home Loan Process
At AxJ Finance Brokers, we’ve streamlined the loan process to keep you focused on your financial goals. Here’s how we do it:
- Apply: Provide your personal and property information to begin your loan application.
- Quick Approval: After reviewing your application, we present the best loan options from our trusted lenders, usually within two business days.
- Receive Funds: Once approved, funds can be transferred to your account within three days.
Maximise Your Borrowing Power
Credit Card Management for Loan Approval
Credit cards can influence your home loan approval, but effective management can reduce their impact. Pay bills on time, lower credit limits, or consolidate cards to enhance your borrowing capacity.
Enhance Your Loan Application
Our experts will assist you in optimising your credit profile, improving your loan application for better approval chances and more favourable rates. It’s also advisable to close any unused credit cards before applying, as this can boost your creditworthiness in the lender’s eyes. Understanding how lenders assess credit card debt in your borrowing capacity is key to maximising your approval amount.
Strengthening Your Loan Application
Managing Credit Scores and Property Valuations
Low property valuations or credit scores can complicate the loan process. We address these issues early on, ordering free valuations and limiting unnecessary credit checks to protect your credit score and strengthen your application.
Negotiating Better Terms
A good credit score can also enhance your negotiating power with lenders, possibly securing lower rates or more flexible loan terms. Minimising credit inquiries while applying is critical to avoiding any red flags.
Save More with the Right Loan Features
Beyond Interest Rates: Choosing the Right Loan Features
While finding the lowest interest rate is essential, loan features are equally important. Offset accounts, redraw facilities, and extra repayments can save you thousands over the life of the loan. Sometimes, a slightly higher rate could be more cost-effective if it includes the right features.
Comparing the Latest Options
We simplify the process by comparing the latest options from over 40 lenders. We’ll help you find the right balance of interest rates and features to align with your financial goals. Remember, features like splitting your loan between fixed and variable rates can offer both stability and flexibility, allowing you to benefit from changing market conditions.
Avoid LMI and Save Big
LMI is a cost paid by the borrower to protect the lender. Avoid this expense by saving a larger deposit or lowering your Loan to Value Ratio (LVR) to below 80%.
We’ll guide you through strategies to reduce or avoid LMI costs. If saving 20% isn’t feasible, we’ll explain how LMI can help you enter the market sooner and how to manage the costs effectively. Additionally, some lenders offer limited-time LMI exemptions for certain professionals or buyers in specific areas, so it’s worth exploring these options with your broker.
Get It Right the First Time
Understanding Lender Policies for a Smooth Process
Each lender has unique credit policies that can affect your loan approval. At AxJ Finance Brokers, we ensure your application is perfectly aligned with lender requirements, reducing delays and improving your chances of success.
Bank Policies and Non-Traditional Income
Understanding the finer points of bank policies, such as how different lenders treat casual or freelance income, can be crucial for non-traditional earners. Our knowledge of specific lender preferences ensures your application meets their criteria, saving you time and frustration.
Choose a Broker Who Puts You First
Personalised Service Beyond Just Loans
A great mortgage broker does more than find you a loan—they simplify the process, provide personalised advice, and prioritise your needs. At AxJ Finance Brokers, we go above and beyond by understanding your financial situation and offering tailored loan options.
Supporting You Every Step of the Way
From pre-approval to settlement, we guide you every step of the way, ensuring you secure the best deal now and in the future. And after settlement, a good broker continues to monitor your loan, looking for opportunities to refinance and save money as market conditions evolve.
Experience That Drives Success
Experienced Brokers for a Successful Outcome
An experienced mortgage broker makes all the difference. They understand bank policies, navigate complex applications, and have the right connections to expedite the process.
Local Expertise in the Carlton Market
At AxJ Finance Brokers, our brokers bring years of experience in the Carlton market, ensuring that your loan application is positioned for success. Many of our brokers own property themselves, providing personal insight into the process. Additionally, our industry contacts can help speed up approvals, and we know how to present your application to meet specific lender criteria, even in challenging cases.
Choosing the Right Broker
Trust, Expertise, and Personalised Service
Selecting the right broker starts with research. Look for positive reviews, informative content, and market expertise. Our brokers deliver customised, trust-driven advice—never one-size-fits-all solutions.
More Lenders, More Options
When evaluating brokers, ask about their lender panel—more lenders mean more choices for you. Ensure your broker is accredited by the Mortgage and Finance Association of Australia (MFAA) or the Finance Brokers Association of Australia (FBAA), as this guarantees they meet professional standards.
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