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In recent years, it has been more challenging than ever to purchase a home, hence the need for mortgage experts. Maverick Finance is an all-female team of mortgage professionals with the goal of providing timely and distinctive answers to all concerns relating to mortgages.

The maverick group is made up of a team of professionals in home loans, including coaches, mentors, instructors, and counselors.

They collaborate with a broad range of lenders to offer you the best rates and loans that are currently available.

This article will provide an overview of Maverick Finance and everything you should know before applying for a loan.

Related: Bay Equity Home Loans Reviews

What is Maverick Finance?

Maverick Finance is a group of mortgage experts that will watch out for your best interests while assisting you in achieving your objectives and dreams.

They have maintained a reputation for quality and trust over the last ten years thanks to their knowledge and proficiency in mortgage and finance brokerage, assisting hundreds of clients in making wise property selections.

The maverick team is known for not just thinking outside the box but also prioritizing the interests of its customers. by giving them innovative solutions to their problems and assisting them in achieving their goals.

Where is the maverick finance corporate office Located?

Maverick finance is located in Sydney and Melbourne. However, the corporate head office is at 23 Regent Honeyeater Grove Kellyville NSW 2155 and Soho Village, point Cook VIC 3030.

What Are maverick finance’s hours of work?

They operate from them cooperate office from Monday to Friday, 09:00 am – 5:00 pm.

Additionally, during the weekends, all operations are based on prior appointments.

What is maverick finance’s customer support phone number?

For Further Inquiry, or if you enter any form of difficulty while transacting with Maverick finance, you can contact the customer support

Phone Number – +61430144008
Email – mpapa@maverickfinance.com.au

Maverick Finance Services

The Maverick team functions as your long-term financial partner. Their assistance continues even after the mortgage is paid off; they carry out an annual home loan health check, and further consultations are always free.

Not only do they provide home loans, but they can also assist you in obtaining an auto loan, a personal loan, or even a business loan.

They work with both bank and non-bank lenders to provide the finest services possible. Here’s a rundown of some of the services they offer.

First Home Buyer Loan
Investor Loan
Refinancing
Construction Loans
Self-employed Loan
Company and Trust Loans
Specialist Loans
Alt Doc Loans
Business Loans
Personal Loans
Auto Loans
Asset Financing

Maverick Finance Requirements

Although, there are no specified requirements to consult maverick finance, however, the lenders might require some documentation and approval before proceeding to approve your loan. These are the common requirements to obtain a mortgage loan

#1. Pre-Approval

Pre-approval is required for mortgage applications; it functions as a nudge that pushes you two steps further. It only lasts for 60–90 days.

Pre-approval is dependent on the buyer’s FICO credit score, debt-to-income ratio (DTI), and other considerations, depending on the kind of loan.

#2. Proof of Employment

In addition to checking pay stubs, lenders may also call the borrower’s company to validate employment and salary information.

Self-employed homebuyers give additional details, such as the consistency of the income stability, the location and kind of business, the business’s financial standing, and the capability of the business to keep generating and distributing enough money to enable the borrower to make mortgage payments.

#3. Proof of Assets

Bank and investment account statements show that a borrower has enough money for the needed down payment, closing expenses, and cash reserves.

Depending on the kind of loan, the down payment is calculated as a percentage of the purchase price. In many loans, borrowers who do not put down at least 20% of the purchase price are required to obtain private mortgage insurance (PMI).

#4. Qualifying Credit Score

Customers with a credit score of 760 or better frequently receive the lowest interest rates from lenders. For a conventional loan, most lenders want a FICO score of 620 or above or 580 for a Federal Housing Administration loan.

The Consumer Financial Protection Bureau’s interest rate calculator enables homebuyers to see how factors such as credit score, loan type, property price, and initial deposit might influence the interest rate.

#5. Proof of Income

W-2 wage statements, tax returns from the previous two years, most recent pay stubs displaying income and year-to-date income, and documentation of any other income sources, such as alimony or bonuses, must all be provided by prospective homeowners.

#6. Other Documentation

Personal papers and identification necessary for pre-approval include the borrower’s driver’s license, Social Security number, and permission to get a credit report from the lender.

Related: Credit Secrets: Review | 2023

Some of Maverick Finance Loans Review

It has a 4-star rating across all platforms, and both staff and customers gave positive reviews about the company’s culture and services. Here are some of the reviews

“Your workday starts at 9 am and you start calling your accounts. Then you help customers as they come in for loans or to pay their loans. You sometimes had to go visit people at their homes when you couldn’t reach them on the phone to try to get a payment.”
“wish this company was better about family time but their main focus is money. You were always made to feel bad if you were sick or if a family member, like your child, was sick.”