What are the opening hours?

Monday 8:30am - 6pm Tuesday 8:30am - 6pm Wednesday 8:30am - 6pm Thursday 8:30am - 6pm Friday 8:30am - 6pm

Better Borrowing

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Australia
Penrith, NSW
Better Borrowing

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Better Borrowing, Mortgage brokers, Penrith.

30/11/2024

Think the credit card you don't use or pay off every month isn't affecting your borrowing capacity? Think again.

Similar to other personal debts like car loans and HELP debt they can significantly reduce your borrowing capacity.

We can work with you to reduce your limits or consolidate your debt to improve your cash flow and borrowing capacity.

Get in touch today to discuss your options.

Give Ben a call on 0455 315 514 to see if Better Borrowing aligns with you.

www.betterborrowing.com.au

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23/11/2024

To pay LMI... or not to pay LMI.

IF YOU’RE:
A - Looking to get in the market sooner
B - Wanting less cash tied up in your property and more cash in the bank
C - Wanting to expand your portfolio
..choosing to pay LMI might be the right decision for you. Of course we recommend speaking to your broker about this option before making a decision.

If you’d like to navigate your options, please give me a on 0455 315 514 for helpful tips and advice.

Alternatively you can DM us.

Cheers.

21/11/2024

IF YOU WORK ABROAD make sure you have broker who understands foreign income policies!

Remember how lenders will treat your income:

They will take 20% off the top at a minimum

They will tax you in the country you’re working out of AND
potentially AUS

HOW DOES THIS AFFECT YOUR BORROWING ? ... It will make it a little harder to maximise your capacity to borrow.

SAVE this post for later to remember these important tips or head to our website to learn more about how we can help www.betterborrowing.com.au

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27/10/2024

We strongly believe that understanding your specific situation and objectives enables us to offer tailored credit advice that meets your unique needs.

It’s important to feel at ease asking any questions you might have.

Purchasing a home or securing a loan is a major decision.

THAT’S WHY

as your broker, I’m here to help answer your questions and guide you through every step of the process.

Feel free to give me a call for any information you’re seeking on borrowing

Cheers,

Ben

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25/10/2024

Working with Better Borrowing our clients gain a dedicated partner who supports their financial well-being.

We set them up for success and offer ongoing support and advice to help manage their loans.

With a good broker on your side, you'll stay ahead of the curve and be in a stronger position.

We take pride in knowing our clients have a broker they can trust with not only their borrowing decisions but also holistic journey to be in the best financial position.

If you’re looking for more information about our values and what we stand for, head to our website

www.betterborrowing.com.au

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23/10/2024

We were thrilled with this result for one of our recent clients!

With an extra $3,080 in the back pocket... a getaway trip might be the way to celebrate.

We also obtained cash out for a deposit on an investment property and linked two offset accounts to their loan to further reduce their interest expense.

To get Better Borrowing on your side when navigating your home loan, feel free to give us a call on 0455 315 514 to see how we can help you on your borrowing journey.

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21/10/2024

How do you do it? ...

1. Check Your Credit Report
Obtain Copies (that’s right go on an adventure to find and download them)
Review for Errors (tedious but worth the time for peace of mind!)

2. Pay Down Debt
Reduce Balances (slow and steady wins the race)
Avoid New Debt (that means say NO ❌ to the after pay offer!)

3. Make Payments on Time
Set Up Reminders (🔔 Notifications you’ll actually WANT)
Automate Payments (Work smarter not harder!)

4. Reduce Credit Utilisation
Keep Balances Low (Limbo that credit DOWN)

5. Avoid New Credit Accounts (AGAIN a hard NO ❌ to those tempting offers)

7. Keep Old Accounts Open
Length of Credit History (We like to see 📈 positive progress over time )

8. Monitor Your Credit
Stay Informed (TAKE CHARGE! Let’s turn the debt to dollars one good decision at a time.)

Save this post so you can come back to it!

19/10/2024

Pre-Qualification
An initial estimate of how much you might be able to borrow based on the financial information you provide to a lender.

THE PROCESS
📉 Doesn’t usually involve a detailed review of your financial documents.

THE COMMITMENT
Less formal and doesn’t guarantee that you’ll actually get a loan. It’s more of an informal indication of what you MIGHT afford. 💰

USE
Used to get a rough idea of your budget and showing sellers that you’re serious about buying a home, but it doesn’t carry the same weight as pre-approval.

Pre-Approval:
A more detailed and formal process where the lender reviews your financial documents (like tax returns, pay stubs, and bank statements) and assesses your creditworthiness.

THE PROCESS
In-depth review of your financial situation and may include a hard credit check. You’ll usually receive a written commitment from the lender stating how much you’re likely to be ✅ approved for.

THE COMMITMENT
A stronger indication that you’re a serious borrower and can be more persuasive to sellers because it involves a deeper level of scrutiny. 👀

USE
Provides a more accurate estimate of what you can afford and can give you a competitive edge in the home-buying process. 👊

Visit our website to use our free home loan and borrowing capacity calculators.

www.betterborrowing.com.au

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18/10/2024

Our goal for our Better Borrowing clients:

To ensure they have a broker who understands their goal

That they find their best, tailored solution

That our service aligns perfectly with their needs and long-term objectives

Ensuring they have a professional advocating for them throughout the process

They are offered ongoing support

They walk away satisfied with their outcome knowing our service is of no charge to them.

Still looking for the right broker for you? Take a look at our values as a business on our website www.betterborrowing.com.au

If you think we’re a good fit for you, please set up a free phone consult via our website. We’d love to chat thorough your options.

Cheers,

Ben

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16/10/2024

Testimonial

Thanks Don! We really appreciate it, it was a pleasure.

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15/10/2024

Battling high interest rates?

Don’t be surprised if your bank isn’t offering you the best deal to start.

The best course of action is to reach out to your mortgage broker so they can review your bank’s offer.

Not sure who to trust? At Better Borrowing we don’t settle till we know you have been given the best mortgage options available.

Let us review your bank’s offer...

Compare it to all lender options...

AND secure the best deal for your situation - AT NO COST TO YOU.

DM us “mortgage rate review” for more information.

www.betterborrowing.com.au

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14/10/2024

1. Customised Loan Options:
Brokers can tailor loan options to fit your specific financial situation. Including those that might offer higher borrowing limits or more favourable terms.

2. Improving Your Credit Profile:
We can provide advice on paying down debts or correcting errors on your credit report, which can lead to better loan terms and higher loan amounts.

3. Debt-to-Income Ratio Management:
We can help you manage your DTI ratio by advising on ways to reduce existing debts or restructure them, making you eligible for a larger loan amount.

4. Negotiating with Lenders:
Our relationships with lenders can be advantageous in negotiating better terms on your behalf to secure a higher loan amount or more favourable conditions.

Please DM us or head to our website for more information on how your broker can help you borrow more.

www.betterborrowing.com.au

Address

Penrith, NSW

Opening Hours

Monday	8:30am - 6pm
Tuesday	8:30am - 6pm
Wednesday	8:30am - 6pm
Thursday	8:30am - 6pm
Friday	8:30am - 6pm

Telephone

+61455315514

Website

http://www.betterborrowing.com.au/

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