Homeownership rates across Australia continue to fall at alarming rates. See how Mortgage Brokers in Adelaide is tacking this issue by offering their services to buyers at https://smbia.com.au.

Norwood, South Australia -- (SBWIRE) -- 11/20/2015 -- According to the Australian Bureau of Statistics (ABS), home ownership rates in Australia have fallen significantly in the last five years. Despite the historically-low interest rates available to consumers in 2015, homeownership remains a distant dream for many people - especially those who find it difficult to secure financing for a home. Without help, people will continue to turn to renting in order to meet their housing needs.

It is with these statistics in mind that Mortgage Brokers in Adelaide has introduced a brand new website highlighting their financial services. Lending practices in Adelaide have changed significantly in the last few years, and many of the new requirements make it hard for potential home buyers to get loans. Fortunately, Mortgage Brokers in Adelaide stands ready to use their knowledge and expertise to help consumers achieve their dream of homeownership.

Ben Spyker, Senior Mortgage Broker at KeyInvest Lending Services in Norwood, stated "The lending standards of financial institutions in South Australia have changed. No longer is there any guarantee that a borrower will be successful in their application for finance. Now, lenders require a minimum of 10 percent deposit on a home loan, and they want borrowers who are able to show that they saved this amount over a period of time – something they refer to as "genuine savings". Unfortunately, this has turned out to be a problem for those who would like to leave renting behind and enter the housing market."

Spyker goes on to say, "These new rules set out by the lending institutions have disappointed many potential home owners because, even though they have little or no deposit, they do have the income to service the loan. This is where speaking with a SMBIA mortgage broker can help. We offer tips on our website at https://smbia.com.au/faq/types-of-home-loans/, but we'll also be there to help buyers plan and organize their finances to meet lender requirements. With access to over 20 lenders, our team of brokers is well-qualified to help buyers find the right loan, and we'll even negotiate on their behalf."

"Our Senior Brokers are considered mortgage finance experts. This means that they have significant experience helping those interested in home ownership secure the loans they need. Clients can rest assured that we know what we're doing and that they're always in good hands when they choose Mortgage Brokers in Adelaide." Those interested in SMBIA's services can visit https://smbia.com.au/property-investment/advice/ for more information.

About Mortgage Brokers in Adelaide
Mortgage Brokers in Adelaide is a company dedicated to helping home buyers find and secure the right loan. Ben Spyker, the Senior Mortgage Broker at KeyInvest Lending Services, (a sponsor of Mortgage Brokers in Adelaide) has background qualifications and significant experience in Mortgage and Finance in South Australia. With access to over 20 lenders and a commitment to providing the best service in the industry, the SMBIA team stands ready to help turn the dream of home ownership into a reality for buyers.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Meeting basic requirements and choosing well-connected brokers increases borrowers' chances of mortgage approval, reports Mortgage Brokers in Adelaide

Norwood, South Australia -- (SBWIRE) -- 08/11/2014 -- Thanks to economic changes over the last several years, the requirements for obtaining a mortgage have also changed to lower risks to lenders and bring more stability to the market. Mortgage Brokers in Adelaide, a site dedicated to connecting loan-seekers with mortgage lenders, has released information about what to expect when seeking one of these home loans. By learning what to expect in advance, people can be sure that they're ready to proceed with their goals.

"The down payment is one of the most basic requirements for getting a mortgage in Adelaide," said Ben E. of Mortgage Brokers in Adelaide. "The minimum requirement is 10 percent, but only five percent of that actually goes towards the price of the house. The other five percent takes care of the stamp fees. Another requirement is that the down payment must come from 'real savings' - savings that can be proved to have been made over time. Many people think this requirement is strange, but it's important to lenders because it shows that the applicant is capable of saving up money over time."

Other points that greatly increase the likelihood of being approved for a loan include employment stability and an established pattern of good financial management. "Even if an applicant hates his or her job, it's important not to switch positions until after the mortgage is approved. This will let lenders see a longer period of employment at the same company, which they equate with financial stability. Once the mortgage is obtained, however, borrowers can feel free to change jobs as they wish."

Even though the basic requirements for mortgages are generally the same, it's important to remember that specific lenders and mortgage brokers are not. The best mortgage brokers are also credit advisers, and will match clients with lenders whose products can best meet the clients' long-term objectives. Someone who wants to keep payments low, for example, will need a different set of mortgage terms than one who earns a substantial amount of money and wants to get the mortgage paid off as fast as possible. Good mortgage brokers also deal with a wide variety of lenders, including those who don't have as stringent of requirements as Australia's four big banks.

"Many people who are just entering the market may wonder how to find a mortgage broker," Ben E. noted. "Our site offers an easy way to do just that. We connect people with MFAA Approved Credit Advisers, who are brokers that deal with over 30 different lenders. This gives would-be borrowers access to a wide variety of options and saves them from having to call broker after broker in order to find a good one."

About Mortgage Brokers in Adelaide
Mortgage Brokers in Adelaide offers a large amount of information about the requirements for getting a mortgage, tips for avoiding mistakes prior to or during the application process, and what to look for in a mortgage broker. It also connects would-be borrowers with qualified mortgage brokers who also serve as credit advisers during the mortgage-seeking and application processes.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm