Need A Mortgage is a company specialising in brokering prime, sub-prime, wholesale funding and credit impaired finance for the residential, commercial or industrial mortgage needs of the particular client.

As an independent brokerage Need A Mortgage has access to over forty four lenders both in Australia and New Zealand and are currently involved in three major markets:

1. Prime and wholesale Lending - The products for this market include all of the facilities that would be obtained from a prime bank i.e. line of credit, principal and interest, interest only along with redraw and overpay facilities, but fill the void for client lending where proof of savings, short term employment (inability to supply two years worth of group certificates) and income from sources a prime bank would not recognise (i.e. Centrelink).
2. Credit Impaired – These are products for those borrowers for whatever reasons have credit issues.  These may include divorce, business, company or partnership failure and post bankruptcy.  These products are designed to get the borrower back on their feet and in a space of three to five years provide a good credit history enabling the client to refinance with a prime or wholesale lender.
3. Reverse Mortgages/Equity Loans – These products allow customers borrowing money against equity in their home, usually no interest or principal is paid by the borrower during the term of the loan.  When the borrower becomes deceased or voluntarily sells their home the loan becomes payable to the lender.  This product is marketed primarily to older retirees as a means of unlocking the equity in their home and providing a steady and reliable income stream in their retirement.

Need A Mortgage is active in the mortgage broking marketplace in essence only in these three areas of the market.  We have comprehensive products and an area of expertise that has been most effective for our growth as a company today.