A mortgage broker is a licensed professional who assists in navigating the complexities of home and investment loan financing. At OVM Finance, our definition of mortgage brokers goes beyond the conventional role. We strive to provide tailored mortgage broking solutions through our team of experienced brokers, acting as intermediaries between you and a diverse network of over 30 major banks and lenders.

In today's landscape, a trusted mortgage broker can foster a lasting relationship rather than facilitating a one-time transaction. Whether rates are high or low, we identify suitable lending policies that align with your situation, saving you significant time, effort, and money.

Founded on the principles of integrity, transparency, and value, OVM Finance redefines the mortgage broking experience. Our licensed brokers prioritize your unique needs, ensuring a bespoke approach to crafting mortgage solutions that align with your individual circumstances. We believe in total transparency, taking the time to explain your mortgage options in plain English, empowering you to make informed decisions about your most significant financial investment – your home.

Our commitment to unbeatable service, as reflected in our Google reviews, goes beyond completing a deal. We aim to build a lasting relationship with you, not just a transaction. Consider us your key financial partners during your homeownership journey, providing guidance and support at every step. Through personalized consultations, we delve into your financial profile, exploring your goals and long-term aspirations.

The key to a smooth mortgage application is ensuring you can provide the required supporting documents efficiently. Fortunately, OVM leverages cutting-edge technology to automate and streamline much of this process for you. Support documents typically include, but are not limited to, suitable identification such as a driver's license and passport. For evidence of income, providing payslips (usually sufficient for PAYG employees), tax returns, and/or employment letters is common. Self-employed clients, facing higher complexities, often collaborate with their accountant to obtain the precise documentation needed to support the approval of their application.

Yes - in most cases, we can. As mortgage brokers, we have access to 60+ lenders, including major banks and smaller lenders that don’t deal directly with the public. This means we can compare a wide range of options to find you a more competitive rate based on your specific situation, rather than you being limited to just one bank.

We are paid through commissions paid by the lender your loan settles with. This will be a fixed amount dependant on your loan amount. This fee is fully disclosed to you. We are also paid “Trail commissions” - which are ongoing commissions paid over the life of the loan. These commissions are typically based on the outstanding loan balance and are paid at regular intervals, such as monthly or annually. Trail commissions are intended to compensate brokers for providing ongoing services, such as loan maintenance and customer support.

We are also subject to “clawbacks” – this occurs when a client closes off their loan in the first 2 years after the loan is created, whether that is through refinancing the loan or selling the property. A clawback is when we have to pay back the lender all commissions made since the loan was created.

We recognize that we handle your private data, and for that reason, our head aggregation group, to whom we pay significant professional membership fees, enforces bank-grade data security and encryption processes. All device logins by OVM Finance enforce mandatory two-factor authentication (2FA) along with anti-malware, antivirus, and anti-ransomware protection for all our clients. If you would like more information about our CRM data security, provided through our aggregation partner and licensee, please reach out to us. We are happy to provide additional details.

99% of the time our services are completely free of charge, as we are paid a fixed commission fee by the lender of your choice, this fee is fully disclosed to you. On the odd occasion for more complex scenarios we may charge a “engagement fee”, if this is the case this will be fully disclosed with you.

Applying for a home loan with OVM Finance is a straightforward and transparent process. We take pride in offering honest, trustworthy, and transparent advice throughout the home loan application journey. Here's a step-by-step guide to help you understand what to expect:

1. Initial Consultation: Start by scheduling a consultation with one of our expert mortgage brokers. This meeting can be conducted in person, online, or over the phone, based on your preference and location.
2. Assessment and Pre-Approval: During the consultation, our brokers will assess your financial situation, discuss your lending needs, and help you determine a suitable borrowing capacity and lending structure. If you meet the initial criteria, we can proceed to secure a pre-approval, providing peace of mind for house hunting in a competitive market.
3. Loan Comparison: With access to a broad range of lenders and loan products, our brokers will compare various home loan options, considering not only competitive rates but also alignment with your requirements and likelihood of approval.
4. Application Submission: We value efficiency for our clients. Once you've chosen a suitable loan product, your broker will assist you in completing compliance paperwork online and submit your fully completed application to the chosen lender on your behalf.
5. Approval and Settlement: After the lender reviews your application and conducts a property valuation, formal approval is granted. We'll work with you and the lender to finalize the loan setup details, complete digital signing of offer documents, and schedule settlement in collaboration with your conveyancer or solicitor (if a purchase is involved).
6. Settlement and Beyond: On settlement day, funds are electronically disbursed, making you an official homeowner or enjoying a refinanced home loan at a better rate! Even after settlement, we have systems in place to ensure your rate remains competitive through proactive annual reviews and check-ins as our valued client.

At OVM Finance, we aim to make the home loan application as painless as possible. When you partner with us, rest assured you're receiving qualified advice from some of the most experienced mortgage brokers in Australia.

At OVM Finance, we recognize the uniqueness of each individual's financial situation and homeownership goals. That's why we provide a diverse range of home loan options tailored to meet specific needs. Our array of home loan products includes:

1. Variable Rate Home Loans: These loans offer flexibility with interest rates that adjust based on market conditions, providing potential cost savings over the long term.
2. Fixed Rate Home Loans: If you seek stability and prefer a consistent interest rate for a set period, our fixed-rate loans offer an ideal solution.
3. First Home Buyer Loans: Specifically designed for first-time homebuyers, these loans often feature favorable terms and government incentives to assist you in stepping onto the property ladder.
4. Investment Home Loans: For those interested in property investment, our investment home loans provide tailored structures to help grow your property portfolio, considering your cash flow needs.
5. Refinancing Solutions: We offer refinancing options to help secure a better interest rate, access equity, or consolidate debt.

Our experienced mortgage brokers are here to guide you through these options and assist in finding the best home loan solution for your unique circumstances. If you're seeking expert guidance on your home loan journey, OVM Finance is the right place. Our team of experienced mortgage brokers can help decode the various mortgage lending options and present a tailored solution to you in straightforward, understandable terms.

Without a shadow of a doubt, having a mortgage broker in your corner is 100% worthwhile. What distinguishes our team at OVM Finance is our unwavering commitment to premium service, industry expertise, great deals, and ongoing support. With years of collective experience, our team not only secures mortgage approvals but also champions your long-term financial goals.

OVM Finance stands out as one of Melbourne’s premier mortgage brokers by treating you as a client, not just a transaction. Our approach to building relationships goes above and beyond the offerings of traditional banks.

Understanding that your financial needs evolve and life circumstances change, the OVM Finance team remains dedicated to providing continuous support. Whether it’s refinancing to take advantage of better rates, accessing equity for major life events, or navigating the complexities of investment property financing, we are here for you.