What are the responsibilities of a mortgage broker in Melbourne?

Finding a mortgage broker in Melbourne is not an easy task. You have to have prior work experience in dealing with mortgages to ask the right questions for the interview. But if you are a newbie, it’s important to understand their roles and responsibilities first. Here are some important responsibilities of a mortgage broker.

Serving as the Middlemen 

The first job of a mortgage broker in Melbourne is to ensure that they serve as the connecting link between the lender and the borrower. They are responsible for almost all meet-ups, negotiations, and more, which are required for completing the process smoothly. When hired, they go through the process, do the necessary paperwork, and meet other time-consuming processes. This can help finalize the deal without much effort by the lender as well as the borrower. In the case of misunderstandings, they are also liable to solve the situation with proficiency. 

Compilation of necessary documents 

As discussed above, almost all of the paperwork is done by mortgage brokers. Their qualification, experience, and knowledge make it comparatively easy to fulfill all aspects of the process in a short amount of time. What’s more? They also accumulate all the essential documents like credit reports, employment history, bank statements from the borrower. After a successful evaluation, the same is then forwarded for purchasing or refinancing the property. Similarly, their work also includes helping the customer fill out a paper or online forms for the loan without any issues. 

Anticipating Complicated Issues and Solving them

If you are in the middle of a crisis during mortgage broking, you can hire one of these mortgage brokers in Melbourne to help you out. With their vast and diverse knowledge, they can simplify the whole situation and curate easy-to-solve solutions. Similarly, you can also take consultations from them to ensure you don’t end up with a hefty loss while trying to sell out or purchase a property. You can always look for the most suitable mortgage broker in Melbourne within your budget, either through reference or online websites. However, it would be best if you were careful enough to go through their qualifications, reviews, and quality of services before hiring them.

Provide professional liability insurance

Most often, prosperous and well-known mortgage brokers offer professional liability insurance to their customers and clients. Although this policy is only beneficial for the brokers, their availability shows that customers most trust them. They also automatically have better service quality as compared to newbies or low booking agents. So, while looking for the perfect agent, be sure to go through their liability insurance details.

Help out with Housing Loans

Not only do they help compile all essential documents, but they can be useful in deciding the prefect housing loan for you too. Their working field enables them to have more connections with lenders, banks, and private lending institutions. So, hiring a broking agent equals more chances of securing the perfect loan for you. They can also help you stay safe from over-priced interest percentages and get the most benefits with lesser investment. What’s more? As they go through every term and condition carefully, they can also help you get a cheap mortgage.

Are you in need of such a responsible mortgage broker in Melbourne? Consider Rands Financial Services as your ideal bet. They are one of the well-known accountant firms of Melbourne. With more than twenty years of experience in the mortgage industry, they are well versed with every nuance of mortgage policies to offer their clients impeccable service. 

Tips to Pay less Tax with a Tax Agent in Hampton Park

There are numerous ways in which you can save your tax money. However, most people don’t know about it and end up paying more than usual. However, you can avoid that by hiring a tax agent in Hampton Park. In this regard, this article will be your guide. So, let’s get started.  

Making Claims for Job-related expenses

As per the Australian Taxation Office’s guidelines, an individual can claim all expenses related to their work. These generally include uniforms, transportation charges, self-education expenses, tools, equipment, computer, internet, books, telephone, etc. However, if your payment is partially related to your work, you need to be careful and only mention the work charges. Mentioning the whole expense might lead to rejection of your claim deduction application and land with hefty charges. You may also be needed to submit electrically scanned copies or paper bills of your expenses within the assessment period.

Indulging in Donations 

Donations are an excellent way to cut-off a hefty taxation charge at the end of your financial year. The new regulations state that a person can claim tax deductions if their donations go above $2, only when donated to a registered charity. But while applying for the claim deduction, it is needed to remember that the donation refund doesn’t come right away as cash. Instead, the amount is converted to a percentage, which can provide a considerable reduction when applied to overall taxable income. So, gather all your charity certificates and attach them with your income tax application for a speedy deduction. If still confused, you can also take the help of your nearest tax agent in Hampton Park.

Proper timing of Expenses 

Another way to pay less during the income tax season is to make all your expenses at the end of June. If all of your work-related expenses and other deductible ones are made within the month, you can claim tax deduction during your current financial year. However, if it is even a month late, you will have to wait for the next financial year before making the claims.

Taking Expert Assistance 

With the constant amendments in the taxation policies, it is tough to stay updated unless you work in the same sector. Thus, to make your work seamless, you can always hire professional tax agents in Hampton Park for your assistance. They can help you claim deductible expenses in the perfect process, without facing any serious issues. However, if you are not interested in hiring tax agents, you can always take advice or book appointments with them and have all your doubts cleared before applying for the tax deductions.

Taking investment insights 

If you want to cut down hefty expenses related to investments without losing the initial income, it is better to take professional help. The professionals are precisely trained and specialize in helping their customers in such cases. Similarly, if you have an investment sitting at a loss, getting legally rid of them can also help you pay less. However, if you are thinking of selling and re-purchasing the asset after the financial year, you should refrain from the practice. This is because the ATO is currently tracking down such involvements and may result in hefty penalties.

If you want to hire an expert tax agent in Hampton Park, consider Rands Financial Solutions as your ideal bet. Hire the best tax agents in town and save more money than ever with their expert advice. Just give them a call and they will carry forward the rest thing for you.