This disclaimer (“Disclaimer”) sets forth the general guidelines, disclosures, and terms of your use of the MortgageCast.com website (“Website” or “Service”) and any of its related products and services (collectively, “Services”). This Disclaimer is a legally binding agreement between you (“User”, “you” or “your”) and MortgageCast.com (“MortgageCast.com”, “we”, “us” or “our”). If you are entering into this Policy on behalf of a business or other legal entity, you represent that you have the authority to bind such entity to this Policy, in which case the terms “User”, “you” or “your” shall refer to such entity. If you do not have such authority, or if you do not agree with the terms of this Policy, you must not accept this Policy and may not access and use the Website and Services. By accessing and using the Website and Services, you acknowledge that you have read, understood, and agree to be bound by the terms of this Disclaimer. You acknowledge that this Disclaimer is a contract between you and MortgageCast.com, even though it is electronic and is not physically signed by you, and it governs your use of the Website and Services.Appraisers primarily use the Sales Comparison Approach. They find recently sold properties (“comparables” or “comps”) that are similar in size, location, and features to the subject property. They then make adjustments to the sale prices of these comps based on differences (e.g., an extra bathroom, a smaller lot) to arrive at a supported value for the home being appraised.
You should always check that your Broker is licensed. You can do this by:
Asking to see their Australian Credit Licence (ACL) number or checking that they are a Credit Representative of an ACL holder (their Aggregator).
Verifying their credentials for free on the ASIC Connect’s Professional Registers.
Be wary of reviews that consistently mention:
Poor Communication: Frequent comments about unreturned calls, lack of updates, or confusing information.
Bait-and-Switch Tactics: Complaints that the final terms (rates, fees) were significantly different from the initial quote.
Hidden Fees: Surprise charges or fees that were not disclosed in the Loan Estimate.
Unprofessionalism: Reports of rude staff, disorganization, or a lack of expertise.
Closing Delays: Multiple reviews citing the lender as the cause of delayed closings.
Yes, indirectly. A higher credit score can sometimes help you qualify for a loan with a lower down payment. For example, with a strong credit profile, you might be approved for a conventional loan with just 3% down. With a lower score, a lender may require a larger down payment (e.g., 10-20%) to reduce their risk, which lowers your loan-to-value (LTV) ratio.
Lenders view a stable employment history as a key indicator of reliability and your ability to make consistent, on-time mortgage payments. It reduces their perceived risk, showing that you have a steady, predictable income stream to cover the loan over the long term.
