Mortgage broker Rojan Paudel from Home Loan Experts finds joy in providing borrowers a second chance at mortgage approval after facing rejection from other lenders.
#2. Diverse Clientele and Circumstances:
Paudel's business caters to various needs, including first home buyers, investors, SMSF, low deposit borrowers, those seeking no deposit loans, refinancing, temporary residents, expats, and individuals with bad credit history.
#3. Global Reach:
Despite being based in Sydney, Paudel's clientele spans across Australia and includes Australian expats in Singapore, Hong Kong, USA, the Middle East, Europe, and Kenya.
#4. Challenges in the Current Market:
Brokers, including Paudel, are currently focused on assisting clients in navigating the market, especially when faced with reduced borrowing capacity due to interest rate rises.
#5. Trends in the Property Market:
Paudel observes an increase in first home buyers and buyers looking to purchase property interstate, with a particular demand for properties in areas showing promise of capital growth.
#6. Impact of Interest Rate Rises:
Interest rate hikes, including the one in November last year, led to an increase in refinances. The market is now showing signs of momentum, but limited housing stock availability remains a challenge.
#7. Long-Term Client Goals:
Paudel emphasizes the importance of developing a long-term client plan, anticipating and addressing future financial goals to build trust and position oneself as a valuable resource in the mortgage broker sector.