About
“We are conscious that the financial sector can be a confusing minefield due to constantly changing credit policies, interest rates and government rulings, as well as real estate and legal requirements. Allow us to take care of these stressful situations for you, as our aim is to take the pain out of the finance process.”
About Model Mortgages
Model Mortgages was founded in 2004 in Sydney’s Eastern Suburbs. We are genuine experts in finance, with Commercial and Residential lending experience gained at major banks and non bank lenders. Our previous experience working in Financial Planning, Accounting and Stockbroking practices also gives us a broad understanding of the short & long term financial needs of our clients. In addition, our client interview process involves use of a ”fact find” which can help determine long term goals you may not know you had.
How Are We Different From Banks?
Model Mortgages has a huge range of loan products from over 40 lenders with literally thousands of products.We give every customer a detailed calculation showing how we came to our product comparison recommendation based on your answers in our fact find.
How Are We Different From Other Mortgage Brokers?
On the home and investment lending side, we have differentiated ourselves from a traditional mortgage broking service – we have direct access to experienced bank managers who we believe are best in market. Including Private Banking where appropriate. Not only will they guide your through the loan approval process, they will look after you once the loan has settled – meaning no overseas call centres to deal with, as well as saving an enormous amount of time, time you can spend relaxing or finding your next property.
What Is The Commercial Bank Offering?
With our Commercial Bank offering, we have major banks, non bank lenders and private funding available - meaning we can assist with all Commercial lending enquiries, from multi million dollar development loans to cash flow solutions such as invoice finance and insurance premium funding. Our Commercial Bank Managers are industry specialists and as such are all too aware of best practices and challenges you face within your business.
What Is The Professional Services Network?
If required, our professional network of quality accountants, financial planners and real estate agents means we are able to offer you introductions to reputable professionals in order to address all of your financial needs.
What Ongoing Financial Education Do We Offer?
Model Mortgages have also committed to the ongoing financial education of our customers- in the media room there is a series of educational videos that were made for the Sydney Morning Herald. Also one of our senior mortgage consultant’s Virginia Graham recently wrote a book flirting with finance to teach women the basics of finance.
About Virginia Graham
Virginia Graham
Virginia Graham manages loans for Model Mortgages, and is a qualified financial planner. She is regularly consulted by the Austereo MMM radio network on interest rates and has appeared on Channel Seven news and current affairs programs as well as more recently the Ch 9 Today show. Virginia previously worked for ANZ Bank’s Treasury department as an interest rate dealer and for stockbroking firm Salomon Smith Barney. She has a bachelor of commerce majoring in finance, banking and business economics. Earlier in her career, Virginia was a fashion model in New York, and has appeared on the cover of several fashion magazines, including Australian Vogue. She recently wrote a book Flirting With finance and is a regular contributor to Woman’s weekly online and most recently hosted a series of finance videos for the Sydney Morning Herald and the Age.
About Phil Riches
Phil Riches
Phil manages Business Development for Model Mortgages. Phil has 10 years Commercial and Residential lending experience, most recently employed as a Senior Business Development Manager within Commercial Banking at Westpac Banking Corporation. He has an extensive background forging long term partnerships with Accounting and Financial Planning practices; providing economic overviews, discussing Accounting best practices and common issues as well as assisting their business and consumer clients with their often complex lending requirements. Previously he was a financial planner in the UK where he also managed a sales team. He holds financial planning and accounting qualifications from the UK.
About Finance Broking*
• What does a finance broker do?
A finance broker looks at all of your financial circumstances (with the aid of our fact find) including home and investment loans, equipment finance and business loans and then provides possible loan structures and pricing for you to choose from.
• How are they paid?
Finance brokers are paid by the banks and financial institutions when you sign up for a loan.
• Does this mean I pay more?
You will not be paying more for your loan if you use a finance broker. Bank and financial institutions will either pay their internal loan departments or the finance broker – so there is no extra charge for the lender.
• How much are brokers paid?
This will vary depending on the bank and the loan. Model Mortgages has a policy of full transparency and disclosure and tells you about the commissions at the time of application for your loan. Generally the more the bank is involved, the less the broker is paid, especially for our direct bank relationships. This has no extra cost to you.
* For larger commercial loans there are seperate broker charges.
Enquire online to find out more about our loans.