Liam Marshall - Mortgage Broker

Liam Marshall - Mortgage Broker Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Liam Marshall - Mortgage Broker, Mortgage brokers, 19 Macquarie Street, Hobart.

17/02/2026

Is it better to pay LMI or wait until you have 20 percent?

The answer is it depends. I always think it's beneficial to do the following:
• Estimate how long it will take to save the 20%
• Look up the historical growth of the area
• Apply the historical growth to the time it will take you to save the full 20%
If the LMI is less than the equity you'd gain, it may be worth buying now and paying the LMI.
You also have to take into account the higher interest rate you'd be paying with a less than 20% deposit

16/02/2026

Can a pre approval still fail?

Not all pre-approvals are equal! Some are fully assessed, some a system generated and Will strongly be dependent on the quality of your brokers assessment.
Always ask your broker what type of pre-approval you have, and if you're borrowing near the max of your borrowing capacity, if you are earning income types such as commission, overtime or bonus it may be beneficial to get a fully assessed pre-approval.

15/02/2026

Three client applications that I have submitted for a pre-approval this week as a mortgage broker in Australia.

14/02/2026

I had two doctors come to me to do their first home loan, through another clients recommendation. They were buying their first home and doing everything “by the book”.
They were using the First Home Guarantee Scheme, working within the price threshold, and had their deposit ready.
The plan was simple:
stay under the cap, use a 5–10% deposit, and avoid LMI.
They found a property right on the cusp of the purchase price limit and put in an offer that made sense for them.
Then the vendor came back asking for more.
It was one of those moments where you pause and think,
If we go higher, does everything fall apart?
During our conversations, it came up that they’re both doctors.
That changed the conversation.
Even though they were using a smaller deposit, they weren’t actually restricted in the way they thought they were.
They were eligible for an LMI waiver anyway, which meant they could increase their offer without triggering the extra costs they were trying so hard to avoid.
Same deposit.
Same buyers.
Just a different understanding of what was possible.
Sometimes it’s not about pushing limits.
it’s about knowing which ones actually apply to you.

13/02/2026

here are three ways that you can potentially increase your borrowing capacity if you're not quite where you want to be:

1. the biggest and the boring one is increasing your income, at the end of the day, the higher your income is the lower your debt somewhere you can borrow, if you haven't asked your employee at for a pay rise in a while then it might be time to do so. otherwise potentially is it time to look for a job with a higher pay??

2. renting out of room, same lenders now. will use boarding income in your serviceability which can increase your borrowing capacity.

3. close off any credit cards that you are no longer using, even if your balance is $0, lender will still look at your maximum credit card balance as your current debt, so if you have a credit card with a Maxim balance of $10,000, they will see it as you have $10,000 of debt.

12/02/2026

before making the switch to Mortgage Broking and here are three things I've learnt:

1. There is always a solution or a pathway to a solution, we don't have to say no straight and away and we hardly have to. As mortgage brokers we are problem solvers, we have access to so many lenders with different policies.

2. relationships with lenders are so important, you need to have a good relationship with BDMs and assessors it works in favour of the client.

3. having endless options is incredible and something that I love, I have access to 45 different lenders' and thousands of policies! it would take clients weeks to walk in to every lender and it would wreck their credit file, it usually takes me minutes without impacting a client's credit file.

11/02/2026

This was one of those conversations that stayed with me.
A couple came in wanting to buy a home, but they couldn’t quite afford it on their own yet.
Their parents wanted to help, not just financially, but because they genuinely wanted to live together and be close to their new grandchildren.
The parents had the cash, but they were nervous.
They run a small business and didn’t want a loan in their name hanging over them or limiting future choices.
There was a lot of “we want to help, but we’re scared of doing the wrong thing.”
We slowed everything down.
Talked through options.
Asked a lot of what matters most questions.
In the end, they bought the home together.
The parents are on the title, but not the loan.
Everyone felt comfortable. No one felt trapped.
Sometimes the solution isn’t about borrowing more, it’s about structuring things in a way that feels right for everyone involved.

10/02/2026

it's so easy to fall in love with a property as soon as you walk in, especially when you're all excited about your pre approval coming in, before you put in an offer remember these things!

1. does this location really suit your life style? are you prepared to drive the distance into work everyday, are you happy with the school in the area? are you able to go for walks?

2. really how big are the renovations that need doing and can you afford to do them? ALWAYS overestimate the costs.
3. is the purchase price inline with what you can afford in repayment or will you be stretching yourself too thin? remember expenses will most likely keep going up, if you think you will struggle to begin with you may always be struggling (unless you know you're getting a massive pay increase)

what are some mistakes you made when purchasing a home?

27/10/2025

It’s common for debts to build up during maternity leave. Reduced income, increased expenses and the cost of raising a child can make it harder to stay on top of repayments. Refinancing your home loan to consolidate these debts into one manageable repayment can ease the pressure and create breathing room in your budget. The right structure can lower your monthly costs, simplify your finances and help you get back on track.

24/10/2025

HECS debt doesn’t show up like other debts, but it still impacts how much you can borrow. Even though there are no interest charges, lenders factor the HECS repayment as an ongoing expense, which can reduce your borrowing capacity. The higher your income, the higher the repayment rate, and the bigger the impact. Paying down or clearing your HECS debt before applying for a loan isn’t always necessary, but understanding how it affects your serviceability can help you plan smarter.

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19 Macquarie Street
Hobart, TAS
7000

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