About Mortgage Experts
What does Mortgage Experts do?
Mortgage Experts are Sydney mortgage brokers, and it is all we do. That means we can assist you in arranging a home or investment loan through one of over 25 lenders including all the major Australian banks, regional banks, non banks, international lenders and a few credit unions.
Who is behind Mortgage Experts? About Marty McDonald
Mortgage Experts is owned and managed by Marty McDonald who holds a full Australian Credit Licence (ACL # 391230) in his own right. Marty has over 16 year’s hands on experience as a Mortgage Broker and has personally helped over 2000 individuals and families with their loan needs in that time. Marty has personally settled in excess of $600,000,000 in home and investment loan applications since 2003. Marty is supported by behind the scenes administration support to helps manage the service delivery for Mortgage Experts clients but all clients deal direct with the principal. Sydney based, Mortgage Experts is also part of the Connective group of Mortgage Brokers which represents over 3000 independently owned mortgage brokers nationwide.
You will work directly with Marty when you engage Mortgage Experts as your broker. His years of experience in all types of residential lending means he can assess your individual situation quickly and offer you the best solution possible to meet your needs.
From Marty - "I started Mortgage Experts in 2010 mainly because I was not interested with where the larger franchised mortgage brokers were heading at the time. Diversification into other fields such as insurance and financial planning has been a big focus in my industry since the GFC but this is not where I want to go personally and not where I want to take my clients. I believe in specialisation and being really really good at what we do which is Mortgage Broking."
What client's say about Marty & Mortgage Experts
- "We found Marty McDonald from Mortgage Experts through a Google search because he had a hugely informative page about family trust loans. Choosing Marty as our broker was a huge blessing. Marty is passionate about his business and so knowledgeable that he was able to save us from many unforeseen problems that even our accountant and conveyancer missed. I would highly recommend Marty for both residential and commercial broking services."
Tracey Cools - Managing Director Efficient Living - Narrabeen NSW
- "Marty was great to deal with. From initial contact to finding a perfect solution and strategy to our situation to then securing the funding in a tight time frame nothing was too much trouble."
Nick and Blaise Porter - Normanhurst NSW
- "We’re both really happy to have been able to get this sale across the line and are particularly grateful for you finding us a way to make the finance work! Walking into our new home last night was a pretty cool experience. We’ll definitely keep you in mind when we’re purchasing the next one!! Thanks again Marty."
Sarah Macdonald & Stewart Bovell - Toowong QLD
Where are Mortgage Experts located?
Mortgage Experts are located on Sydney's Northern Beaches - previously based in Lindfield, we've relocated to sunny Mona Vale. Our back end admin and IT support is through Connective who are located in Melbourne.
What does a mortgage broker do?
A good Mortgage Broker is an expert in lending and has access to a wide range of lenders. Using their knowledge of the lending options available, they will work with a client to find the lender and loan that best suits their needs.
Importantly, they will also support their client through the loan application and settlement process helping with the paperwork and answering any questions that may come up. At Mortgage Experts Online we can act as a traditional Sydney mortgage broker or as a mortgage broker online.
What is a mortgage broker online?
A mortgage broker online is a new concept in which we take the best aspects of mortgage broking and combine them with the best aspects of an online mortgage provider. Online mortgage providers, while very convenient for straightforward loans, have always been limited by the fact that they are unsuitable for more complex scenarios. They are not able to provide an acceptable level of service if for example a customer needs to talk with a real person or has a personal situation which is even slightly outside of the square!
It is for this reason a lot of online mortgage lenders have closed down in recent years. At Mortgage Experts, we have created a model whereby you can deal with us online and over the phone (or face to face if required) and you get the choice and service that comes with dealing with a professional mortgage broker.
As a mortgage broker online we are able to assist you wherever you are located. We have in the past helped arrange loans for clients across Australia and for Aussie expats living as far a field as Dubai, the UK and the USA.
Do you charge fees for home and investment loans?
Mortgage Experts doesn't normally charge any fees for arranging residential home or investment loans. In the vast majority of situations this is not required as lenders pay us commissions for introducing your business to them. We do on occasion deal with non panel lenders who may not pay commissions. In the case that this type of lender is your best option we would negotiate a fee for service with you.
We also have a commission clawback policy. Most lenders will fully or partially "claw back" the upfront commission they have paid us if a clients loan is repaid in full within the first 1 - 2 years of it's origination. This would usually happen if the property is sold or the loan refinanced to another lender. To compensate us for our out of pocket expenses we will generally charge a minimum fee of $550 if a loan we have arranged is paid back within the lender's claw back period. If you are undertaking further borrowings through us at the time you current loan is repaid or within 3 months of it being repaid we will waive or refund this fee.
Any fee that we negotiate with you (remembering that for the vast majority of our clients no fees will be payable) will be disclosed to you in writing to you before your loan is submitted to a lender.
Don’t you just recommend the lender who pays you the most commission?
No. This is a fallacy, for a standard residential home or investment loan, the difference between the lenders’ commission rates is very small. We are much more interested in making sure you are happy with the loan product chosen so that you refer your family and friends to us.
How much can I borrow?
This will vary from lender to lender based on their policies and models. As we are set up as a mortgage broker online we can usually determine this without a face to face meeting. Go to the enquire online page or call us for an accurate quote.
I am not in your area, can we still work together?
Yes. Being a "mortgage broker online" we are set up to deal with you wherever you are. However if you would prefer to deal with someone face to face, we can do so in Sydney (we are based on Sydney's North Shore and Northern Beaches). So no matter how you want to work with us, we can accommodate you.
Which lenders do you deal with?
We deal with the major banks, regional banks, non banks and some building societies. Unlike other brokers, we are not restricted to dealing with just the lenders on our “panel”. In fact, as an independently owned and operated mortgage broker, we are able to deal with any lender who is willing to deal with us.
Why won’t my bank offer me a cheaper rate than you can get me when they have to pay you a commission?
A lender has a lot of overheads to pay for when it comes to sourcing loan clients directly. They have to advertise, pay their staff, pay rent for their branches and pay all the other associated costs such as car and phone expenses for their mobile lending managers.
The true cost of a branch / directly-introduced loan and a broker-introduced loan would be very similar. In fact, we suspect that because broker-introduced loans are a variable cost to the lender, i.e. the lenders only pay when a loan actually goes ahead, they would probably cost the lender less overall than branch-introduced loans.
Do you charge fees for commercial loans?
Yes. We generally charge a service fee for commercial loans. Our fees for commercial loans will depend on the complexity of the loans being sought. In general we will charge between 0.30% and 1.00% of the loan amount borrowed.