What to expect from your first meeting with your Credit Advisor (nee Mortgage Broker)


The first step in buying a property, a business or commercial equipment is often securing the finance, and the ‘make or break’ nature of that can make the first meeting with a credit adviser a daunting prospect.


Your first meeting with a credit adviser is an opportunity to really get cracking on making your dreams a reality. He or she has the expertise to help you do this, but you will need to pitch in as well, of course. It’s important to do your homework before that first meeting.


“Know the questions you want to ask and have a clear picture of what you’re after,” says principal of LadyBird HomeLoans, Wayne Marks. “Be that a home loan, refinancing a loan or setting up a self-managed super fund for the purposes of buying a property.”


Your credit adviser will also expect you to have your documentation prepared as well as possible. This includes having two pay slips ready or, if you’re self-employed, having one and sometimes two tax returns at hand.


“You will also need evidence of any other income and assets such as shares, dividend income and other investments,” says Wayne. “If you go into that first meeting with all the information prepared, it makes it much easier for you and your credit adviser.”


You should expect your credit adviser to ask a range of questions about your current and future lifestyle and financial situation, so he or she can take into account factors such as whether you are planning to start a family.

“Your credit adviser is trying to understand who you are and what you are looking to achieve, to help you meet your goals,” Wayne explains.


Working with a credit adviser gives you the expertise you want as well as access to potentially hundreds of different financial products from scores of different financial institutions. This differs from approaching a bank, which will only be able to provide information about its own financial products.


“Credit advisers have a huge choice of financial products available to recommend, which means they are able to suggest the right product for a client’s individual needs.


Credit Advisers are the mortgage industry experts, and will work with you to find the right loan and lender that best suit your needs.


Warm regards,

Michael, Wayne & the LadyBird team

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