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By Mortgage Street

Supporting Borrowers in Arrears: Benefits for Mortgage Brokers
Mortgage brokers play a key role in assisting clients who face arrears, providing valuable opportunities to build stronger relationships and grow their businesses. By helping borrowers navigate these complex situations, brokers can differentiate themselves and establish a strong reputation in the market. A Niche Opportunity Borrowers in arrears often struggle to find suitable solutions, which presents a unique niche for brokers to capitalise on. By offering personalised advice and tailored financial options, brokers can position themselves as trusted experts in resolving arrears-related challenges. This expertise can lead to new referrals and foster long-term client loyalty. Building Trust and Client Relationships When brokers assist clients in arrears, they demonstrate both empathy and problem-solving skills. As a result, brokers build trust and form stronger relationships. Clients who receive support during difficult times are more likely to return for future services. This not only increases business opportunities but also boosts the likelihood of
By Mortgage Street

How Can I Raise My Credit Score by 100 Points Overnight?
Brokers who are assisting their clients with the home loan application process should be well informed on how credit scores can impact the client’s potential of gaining approval. A client may approach their broker inquiring about how they can raise their credit score by 100 points overnight. There are various methods a client can pursue in order to attempt to raise their credit score by 100 points overnight, but these methods are not guaranteed. Increasing a credit score by 100 points can take some time. Ways to Raise Credit Scores by 100 Points Overnight Disputing all negatives on a credit report Disputing all excess hard inquiries on a credit report Disputing all errors on a credit report Opening a secure credit card Creating a credit monitoring account Paying off any collections Catching up on past due bills As mentioned previously, these methods are not guaranteed to raise a client’s credit
By Mortgage Street

Your Home’s Equity can be Your Deposit for Your Next Home
Does your lender have your sights on a second home or property? That lender can maximise their buying power of their next home by utilising their current home’s equity! With a lender’s accrued equity in their existing home, they may be eligible to use up to 80% of that equity towards their next home or property purchase. Home equity loans. First, the lender will need to provide their mortgage broker with validation paperwork and even other supplemental paperwork to validify the reasoning behind buying a second home under a home equity loan. A letter from a conveyancer should suffice and be included within your loan application. The lender should also be able to convey to their mortgage broker that your property will be used as a security where its equity will be used as a deposit to support a second home loan. If you are approved, your mortgage broker may
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Your Home’s Equity can be Your Deposit for Your Next Home
Does your lender have your sights on a second home or property? That lender can...
Read MoreYour Home’s Equity can be Your Deposit for Your Next Home
Does your lender have your sights on a second home or property? That lender can...
Read MoreYour Home’s Equity can be Your Deposit for Your Next Home
Do you have your sights on a second home? You can maximise the buying power...
Read More