Mortgage brokers are experts at navigating Australia's complex home loan industry, and they not only assist in the application process but also find you the lowest interest rates and fees. Among the best mortgage brokers in Australia is Soren Financial, known for its customer-focussed approach and extensive range of services. In this review, I will discuss everything that Soren Financial has to offer, and give my personal experience with the company. I also include verified reviews from other happy customers who have used Soren Financial in the past. By the end of the article you should have a comprehensive overview to help you determine if Soren Financial is the right mortgage broker for you.
Background and History of Soren Financial
Soren Financial was established by Mansour Soltani who had the desire to help Australians achieve financial independence, not merely securing a home loan. Mansour and his team aim to offer a personalised experience to each client, and help throughout the whole process, by connecting them with conveyancers, tax agents, real estate advisors and property valuers, as needed.
Services Offered by Soren Financial
Soren Financial offers comprehensive services that simplify the complex landscape of home loans. With access to 45 different lending institutions and a myriad of mortgage products, Soren Financial's brokers are adept at finding the perfect home loan for each client, aligning with their specific needs and circumstances. From the initial stages of assessing and obtaining pre-approval to securing formal approval and final loan settlement, Soren Financial's brokers manage the entire process, providing expert advice and support along the way.
Soren Financial goes beyond just facilitating loan approvals. Their brokers possess deep knowledge of how to minimise costs such as establishment fees and lenders mortgage insurance (LMI). They also focus on negotiating the best mortgage terms, with the lowest interest rates and lender fees, saving you thousands of dollars over the life of the loan.
Soren Financial has connections with top conveyancers, tax agents, real estate advisors, and independent valuers, so you can complete the whole mortgage process with ease, without having to shop around for all your various services.
My Personal Experience
My experience with Soren Financial was excellent, and from my first meeting with Mansour, his expertise and professionalism was clear. He demonstrated deep knowledge of the industry, and showed a genuine interest in my financial needs. This personalised attention is a welcome change, as other brokers I have used can treat their clients like a number, passing you on from one staff member to another, with no continuity.
The process of refinancing my home with Soren Financial was remarkably smooth thanks to Mansour and his team of skilled advisors. With access to an impressive 45 verified lenders, they were able to show me a variety of competitive options with low interest rates, low fees, and an offset account - criteria which I had mentioned to Mansour. I listened to Mansour's advice as he compared the various options, and I chose the home loan that was the most suitable.
The next step of supplying documents and awaiting approval was extremely quick, and I managed to refinance my home sooner than expected, just in time to beat the upcoming rate rise. If you want to get your home loan approved as quick as possible, particularly if you want to buy property before the prices rise further, then Soren Financial is a top choice, as they are one of the most efficient mortgage brokers I have worked with.
Advantages of Choosing Soren Financial
Soren Financial has access to 45 verified lenders, which means they can find you the best home loan product for your needs, without you having to waste time comparing them all. They can also negotiate lower interest rates that aren't available to the public. If you have a unique situation where you don't qualify for a loan with the banks, for example, you don't have a job, or you are on benefits, Soren Financial can connect you with non-traditional lenders that will accept your situation.
Soren Financial is also extremely efficient, and makes the entire journey of securing a mortgage much quicker and easier than doing it yourself or using a different broker. They offer a 100% satisfaction guarantee, and the numerous 5-star reviews on Google are a testament to this.
To top it off, their service is free for the majority of clients. Unless you have a complicated case, (such as buying property within a company with multiple directors), you won't be charged any upfront or settlement fees by Soren Financial.
Industry Reputation and Accreditations
Soren Financial is a well-known name in the industry, and has made it to #3 on Canberra Times' list of the best mortgage brokers in Sydney. They are fully accredited to give credit or mortgage advice, as a broker, and are a member of the Finance Brokers Association of Australasia (FBAA) and the Australian Financial Complaints Authority (AFCA).
Soren Financial aggregate through Finsure, and they hold an Australian Financial License which is displayed in the footer of their website. You can be assured that you are dealing with a legitimate mortgage broker who is covered under Australian compliance and legislation.
Cost and Fees
Soren Financial is upfront about their fees, which is quite similar to most top brokers in Australia. For the majority of clients, they do not have to pay any fees, as Soren Financial earns money by receiving a commission from the lender after you have secured your home loan. You can ask as many questions as you like, and use their experience to your advantage without worrying about being charged any additional costs.
If you have a complex matter, for example you wish to buy a property as part of a trust or company with several directors, then a fee will be charged, as considerable amount of time and effort will be used to co-ordinate this mortgage. However, they will be transparent about these fees if you find yourself in that specific situation.
Customer Reviews
Soren Financial has an excellent track record with customer satisfaction, evident from the 5-star average Google review rating from over 70 reviews. Read some of the top reviews below, or click here to see the full list on Google. If you are a previous client of Soren Financial, you can also leave your review below.
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Conclusion
Soren Financial stands out as a top choice for anyone seeking mortgage solutions in Australia. Their client-centric approach, combined with strong partnerships with 45 lenders, ensures that each client receives personalised service and access to a broad range of competitive financing options. Whether you're stepping into the market as a first-time homebuyer or you're an experienced investor, Soren Financial is equipped to provide expert guidance tailored to your specific needs. I highly recommend taking advantage of a free consultation call, or visiting their website to see how they can assist you with your mortgage.
