Not sure how to upgrade your home?
We can help with that.
Does this sound familiar?
You want a bigger home but you’re unsure about a bigger loan
You’re in a good position financially because you’ve been slowly paying down your loan. You’ve been thinking lately it would be nice to have a bit more space (at least a second living area), but you’re unsure whether to: a) upgrade to a bigger home or b) renovate your current place. A bigger house would give your family more room to breathe, but it needs to be affordable.
You don’t want to make a mistake
You want someone to tell you exactly what needs to happen (and when!) so you can upgrade your home with minimal stress, without putting yourself under financial stress. You’re a little worried about getting stuck with two mortgages if your home doesn’t sell. You’re also worried you’ll have nowhere to live, if you sell your home quickly but can’t find a new place to buy.
You don’t know where to start – it all seems too complicated
You’re excited by the idea of a bigger home. But then you think about the packing, getting your place ready for weekend opens, finding a new home to buy and getting your finances ready. Your last house purchase was time consuming and stressful and back then, you didn’t have kids to work around. You’re feeling overwhelmed because you don’t really know what’s involved.
You want everything to run smoothly
You know that the success of your upgrade rests heavily on the finance side of things. Especially since there’s a sale and a purchase involved – which means there are multiple parties dealing with different lenders and different solicitors. You want someone to help you manage the entire process from start to finish because that will give you one less thing to worry about.
Does this sound familiar?
You’d love a bigger home but you’re unsure about a bigger loan
You’re in a good position financially because you’ve been slowly paying down your loan. You’ve been thinking lately it would be nice to have a bit more space (at least a second living area), but you’re not sure whether to: a) upgrade to a bigger home or b) renovate your current place. A bigger house would give your family more room to breathe, but it needs to be affordable.
You don’t know where to start – it all seems too complicated
You’re excited by the idea of a bigger home. But then you think about the packing, getting your place ready for weekend opens, finding a new home to buy and getting your finances ready. Your last house purchase was time consuming and stressful and back then, you didn’t have kids to work around. You’re feeling overwhelmed because you don’t really know what’s involved.
You don’t want to make a mistake
You want someone to tell you exactly what needs to happen (and when!) so you can upgrade your home with minimal stress. You you don’t want to put yourself under financial stress either. You’re a little worried about getting stuck with two mortgages if your home doesn’t sell. You’re also worried you’ll have nowhere to live, if you sell your home quickly but can’t find a new home to buy.
You want everything to run smoothly
You know that the success of your upgrade rests heavily on the finance side of things. Especially since there’s a sale and a purchase involved – which means there are multiple parties dealing with different lenders and different solicitors. You want someone to help you manage the entire process from start to finish because that will give you one less thing to worry about.
It’s ok. We’re here to help.
There’s a lot to get right if you want to upgrade your home without the additional stress or financial pressure. You may need to sell your home for a specific price. You may need to negotiate a specific settlement timeframe. You may need a specific loan from a specific lender.
And even if you get all of that right, things don’t always go to plan. When you buy and sell property at the same time, there are lots of moving parts and ‘what-if’ scenarios to consider. If you’ve got a ‘Plan B’ (one that’s acceptable to a lender), you’re generally fine. But if you’re struggling to properly define your ‘Plan A,’ it’s time to ask for some help.
For almost two decades, we’ve helped families upgrade their home the easy way. In the process, we’ve saved them time, money and many sleepless nights along the way.
We can do the same for you.
Who are we? Who is MMO?
MO’R Mortgage Options (MMO) is a family team of mortgage brokers.
Our story starts more than two decades ago, when Founder Michael O’Reilly began buying and selling residential property. Michael conducted EXTENSIVE research when exploring his finance options because he didn’t want to pay a single cent more than he had to. But after personally speaking with numerous lenders, Michael discovered he wasn’t always offered the best solution or lending advice.
Michael knew that home owners were accepting these second-rate home loan options, because they were unaware of what else was available. He wanted to share what he’d learnt with other homeowners, so they too could create strong financial foundations for their families. Michael opened the doors to MMO in July 2000, committed to do exactly that.
Since that day, Michael has helped thousands of clients improve their finances, simply by better managing their mortgage – families we continue to assist today. And just like a good recipe, over the last 20 odd years, the secrets have been passed down to the next generation with Michael’s sons Daniel and Brendan and daughter Kathryn, today leading our growing team of mortgage brokers.
Upgrade your home without putting yourself at financial risk.
We can show you how.
Who are we? Who is MMO?
MO’R Mortgage Options (MMO) is a family team of mortgage brokers.
Our story starts more than two decades ago, when Founder Michael O’Reilly began buying and selling residential property. Michael conducted EXTENSIVE research when exploring his finance options because he didn’t want to pay a single cent more than he had to. But after personally speaking with numerous lenders, Michael discovered he wasn’t always offered the best solution or lending advice.
Michael knew that home owners were accepting these second-rate home loan options, simply because they were unaware of what else was available. He wanted to share what he’d learnt with other homeowners, so they too could create strong financial foundations for their families. Michael opened the doors to MMO in July 2000, committed to do exactly that.
Since that day, Michael has helped thousands of clients improve their finances, simply by better managing their mortgage – families we continue to assist today. And just like a good recipe, over the last 20 odd years, the financing structures, lender knowledge and technical-know-how has been passed down to the next generation with Michael’s sons Daniel and Brendan and daughter Kathryn, today leading our growing team of mortgage brokers.
Upgrade your home without putting yourself at financial risk.
We can show you how.
Meet our team…
What do you get when you work with us?
Clarity around how much you can spend
Don’t put yourself under financial pressure by bidding on a new home without the official ‘green light.’ Before you seriously start house hunting, we’ll conduct thorough investigations into your lending options and advise your maximum purchase price. As part of this process, we’ll also run scenarios for the sale of your existing home, as this often has a significant impact on your borrowing capacity.
Cost savings
We’ll run all the facts and figures on your new loan options. We’ll complete the comparisons, perform the analysis and advise how much you could save by choosing one proposed loan over another. You may even discover you’ve been paying ‘overs’ on your existing mortgage all along. And with the right loan going forward, upgrading your home may not be as costly as you first thought.
Tailored lending solution, bespoke advice
There’s no ‘one-fits-all’ solution, especially when a sale and purchase is involved. Before we propose a lending structure, we’ll have conversations with lenders, double check lending policies and perform all the necessary servicing calculations. We’ll make sure all the pieces of the puzzle are taken into account to ensure the home loan structure we recommend really is your best option.
A step-by-step action plan to upgrade your home
Given your personal situation, we’ll work out the best plan of attack for your upgrade and advise which steps need to be taken in which order. Most importantly, you’ll never be left wondering what needs to happen next or where things are up to. You’ll have someone on your side, guiding and supporting you through each stage of the upgrade process.
A personal Project Manager
You’ll have someone managing the entire process for you. We’ll chase your application with the lender, liaise with the agent, work closely with your solicitor for both the purchase settlement and mortgage discharge for your sale. You’ll have someone working behind the scenes to ensure everything happens when it’s meant to, so you can move into your new home ASAP.
Fast turn-around (so you won’t miss out on that property)
The secret to getting your finance approved quickly is knowing exactly how your lender likes to see applications presented. When you choose a mortgage broker who has worked with lenders for almost two decades – a team with intricate knowledge of the internal processing systems of Australia’s largest (and smallest) lenders – you can be sure your application will be presented in *just* the right way to get it approved fast.
As much (or as little) analysis as you like
If you’re someone who likes to see charts and tables, comparison analysis and amortisation charts before making a decision, that’s what you’ll get. If you’re more of a ‘big picture’ person and prefer a few diagrams of the recommended loan structure, that’s what you’ll get. YOU call the shots, not the other way round. You’ll get everything you need to understand why our recommended strategy really is the best course of action.
Round-the-clock support
Some lenders process applications around the clock, meaning questions can be asked about your application outside of business hours and on weekends. It’s our job to handle all these queries, whenever they’re asked. The same goes for your questions. Ask us anything and we’ll always do our best to respond quickly and comprehensively.
Support from an entire team
It’s frustrating when your question goes unanswered or progress seems to stop, “because Jimmy’s away and no-one else can help you.” When you work with an individual broker at MMO, you get the support of our entire team – there’s always someone who can help you. Client feedback told us this was important. So many years ago, we restructured our business accordingly. It’s also the reason why many of our client reviews mention more than one person – we work in small teams to ensure you receive the best service possible.
What do you get when you work with us?
Clarity on how much you can spend
Don’t put yourself under financial pressure by bidding on a new home without the official ‘green light.’ Before you seriously start house hunting, we’ll conduct thorough investigations into your lending options and advise your maximum purchase price. As part of this process, we’ll also run scenarios for the sale of your existing home, as this often has a significant impact on your borrowing capacity.
Cost savings
We’ll run all the facts and figures on your new loan options. We’ll complete the comparisons, perform the analysis and advise how much you could save by choosing one proposed loan over another. You may even discover you’ve been paying ‘overs’ on your existing mortgage all along. And with the right loan going forward, upgrading your home may not be as costly as you first thought.
Tailored solution, bespoke advice
There’s no ‘one-fits-all’ solution, especially when a sale and purchase is involved. Before we propose a lending structure, we’ll have conversations with lenders, double check lending policies and perform all the necessary servicing calculations. We’ll make sure all the pieces of the puzzle are taken into account to ensure the home loan structure we recommend really is your best option
A step-by-step action plan to upgrade your home
Given your personal situation, we’ll work out the best plan of attack for your upgrade and advise which steps need to be taken in which order. Most importantly, you’ll never be left wondering what needs to happen next or where things are up to. You’ll have someone on your side, guiding and supporting you through each stage of the upgrade process.
A personal Project Manager
You’ll have someone managing the entire process for you. We’ll chase your application with the lender, liaise with the agent, work closely with your solicitor for both the purchase settlement and mortgage discharge for your sale. You’ll have someone working behind the scenes to ensure everything happens when it’s meant to, so you can move into your new home ASAP.
Fast turn-around (so you won’t miss out on that property)
The secret to getting your finance approved quickly is knowing exactly how your lender likes to see applications presented. When you choose a mortgage broker who has been working with lenders for almost two decades – a team with intricate knowledge of the internal processing systems of Australia’s largest (and smallest) lenders – you can be sure your application will be presented in *just* the right way to get it approved fast.
As much (or as little) analysis as you like
If you’re someone who likes to see charts and tables, comparison analysis and amortisation charts before making a decision, that’s what you’ll get. If you’re more of a ‘big picture’ person and prefer a few diagrams of the recommended loan structure, that’s what you’ll get. YOU call the shots, not the other way round. You’ll get everything you need to understand why our recommended strategy really is the best course of action.
Round-the-clock support
Some lenders process applications around the clock, meaning questions can be asked about your application outside of business hours and on weekends. It’s our job to handle all these queries, whenever they’re asked. The same goes for your questions. Ask us anything and we’ll always do our best to respond quickly and comprehensively.
Support from an entire team
It’s frustrating when your question goes unanswered or progress seems to stop, “because Jimmy’s away and no-one else can help you.” When you work with an individual broker at MMO, you get the support of our entire team – there’s always someone who can help you. Client feedback told us this was important. So many years ago, we restructured our business accordingly. It’s also the reason why many of our client reviews mention more than one person – we work in small teams to ensure you receive the best service possible.
Let’s hear from some of our clients…
Just wanted to thank Brendan and his team for all their hard work in securing a home loan for my wife and I.
Read MoreThe service, the knowledge, friendly wonderful staff, MO’R Mortgage [Options] has it all.
From the very beginning my Husband, children and I were treated like we were the most important clients Daniel O’Reilly had.
Read MoreWhat does working with us look like?
You’ll get immediate access to:
How much does our service cost?
If you’ve never worked with a broker before, you may not know our service is provided to you completely free of charge.
Yep, that’s right. You pay us nothing.
We do not charge for our service. This is not a fee-for-service transaction.
We’ll help you upgrade your home the easy way. We’ll also ensure you don’t pay more for your new loan than you have to.
Spend the next ten years benefiting from our knowledge, industry experience and technical know-how without it costing you a single cent. In fact, we’re confident you’ll save money.
— So how do we get paid then? —
Mortgage brokers are paid directly by the lender, if and when they help you secure a loan.
We’re completely transparent and upfront about this and will advise how much this could be, when we talk to you about your loan options.
A mortgage broker can access the same loan products and access the same home loan rates you could obtain directly from a lender. We can negotiate additional rate discounts on your behalf, but the real benefit is in helping you find the right loan from the right lender. We’ll guide you through the upgrade process so you don’t end up taking on unnecessary financial risk. Plus, we’ll handle everything from start to finish so the entire process is as smooth as possible.
Work with us and you’ll also receive these additional benefits…
Here are more reasons to work with us:
We can share buying tips
Don’t pay more for your new home than you have to. We can reveal tips on how to negotiate the best purchase price; share the strategies used by experienced property buyers to determine the value of a property; provide auction support; PLUS pass on the lessons we’ve learnt over the last two decades helping clients purchase property all over Australia.
Regular home loan reviews
We’re on a mission to ensure no client ever pays more for their home loan than necessary. This means we’ll touch base with you regularly to review your loans to check whether they’re still competitive. This is a completely free service. And if you’re ever concerned about your loans – or something doesn’t seem right – we’re only an email away.
Ongoing support
Clients say that one of the best things about working with us over the long term is having someone to discuss their changing property plans with. ‘Can we afford to buy an investment property?’ ‘Should we lock-in to a fixed rate loan?’ are common scenarios we work through with clients. Having someone available to discuss the feasibility of your plans from a financial perspective, can save you a whole lot of time and stress. Plus, if you decide to go ahead with that investment property purchase you’ve been thinking about, we can help you with that too!
Access to our growing Resource Library
As a client, you’ll have access to our growing library of industry-related articles, e-books, loan scenario case-studies and other resources. You will also receive the Special Reports we generate for the Canberra Property Market – revealing suburb trends, property price growth patterns, changes in land values and housing affordability trends. We want to provide you with the information you need to make confident, informed decisions about your home (and home finances).
Work with Canberra’s best property service providers
Over the years, we’ve worked with just about everyone in town. Based on this experience and more importantly, feedback from our clients, we’ve created a “Best of the Best” List of Canberra’s best real estate agents, property managers, solicitors, accountants, financial planners, building inspectors, quantity surveyors, gardeners, builders, plumbers and electricians. If you need help managing your sale or purchase, we can put you in touch with the right people.
Receive Regular Updates
Every few months we summarise what has been happening in the industry, provide commentary on market developments or potential interest rate changes and deliver it straight to your inbox. You already get a tonne of emails, most of which probably waste your time. Our Updates are short and to the point, with the sole purpose of highlighting things that may affect you and your loans (so you can do something about it if necessary).
Join our Client Referral Program
Take the opportunity to be rewarded with gifts and vouchers from some of Canberra’s best service providers and restaurants – simply by recommending us to your family and friends.
More reasons to work with us:
We can share buying tips
Don’t pay more for your new home than you have to. We can reveal tips on how to negotiate the best purchase price; share the strategies used by experienced property buyers to determine the value of a property; provide auction support; PLUS pass on the lessons we’ve learnt over the last two decades helping clients purchase property all over Australia.
Regular home loan reviews
Our mission is to ensure no client ever pays more for their home loan than necessary. This means we’ll touch base with you regularly to review your loans to check whether they’re still working for you. This is a completely free service. And if you’re ever concerned about your loan – or things don’t seem quite right – we’re only an email away.
Ongoing support
Clients say that one of the best things about working with us over the long term is having someone to discuss their changing property plans with. ‘Can we afford to buy an investment property?’ ‘Should we lock-in to a fixed rate loan?’ These are common scenarios we work through with clients. Having someone available to discuss the feasibility of your plans from a financial perspective, can save you a whole lot of time and stress. Plus, if you decide to go ahead with that investment property purchase you’ve been thinking about, we can help you with that too!
Access to our growing Resource Library
As a client, you’ll have access to our growing library of industry-related articles, e-books, loan scenario case-studies and other resources . You will also receive the Special Reports we generate for the Canberra Property Market – revealing suburb trends, property price growth patterns, changes in land values and housing affordability trends. We want to provide you with the information you need to make confident, informed decisions about your home (and home finances).
Join our Client Referral Program
Take the opportunity to be rewarded with gifts and vouchers from some of Canberra’s best service providers and restaurants – simply by recommending us to your family and friends.
Work with Canberra’s best property service providers
Over the years, we’ve worked with just about everyone in town. Based on this experience and more importantly, feedback from our clients, we’ve created a “Best of the Best” List of Canberra’s best real estate agents, property managers, solicitors, accountants, financial planners, building inspectors, quantity surveyors, gardeners, builders, plumbers and electricians. If you need help managing your sale or purchase, we can put you in touch with the right people.
Receive Regular Updates
Every few months we summarise what has been happening in the industry, provide commentary on market developments or potential interest rate changes and deliver it straight to your inbox. You already get a tonne of emails, most of which probably waste your time. Our Updates to be short and to the point with the sole purpose of highlighting things that can affect you and your home loans (so you can do something about it if necessary).
What do other clients say about working with us?
Great service, client focused to get you to your goal and prompt advice. Highly recommend.
Read MoreA huge thank you to Michael Baker for assisting my husband and I with the purchase of our property.
Read MoreIf you want expert advice and professional service, look no further than M’OR Mortgage Options.
Read MoreFrequently Asked Questions
I’ve never used a mortgage broker before, why can’t I just talk to my bank?
You can – you can just talk to your bank.
But when you work with us, you’re working with a team with almost two decades of experience. A team who will hunt down your best lending option from a panel of lenders and then help you through the often stressful process of upgrading your home.
We can also show you how to reduce your interest costs using specific loan features and structuring techniques that not surprisingly, lenders aren’t always so forthcoming with!
Can I get a better deal if I go through a mortgage broker?
Mortgage brokers can access exactly the same loan products as what’s available if you walked straight into your local branch.
We can negotiate additional rate discounts on your behalf. But the real value is in helping you find the right loan from the right lender and helping you execute the right ‘buy then sell’ or ‘sell then buy’ or ‘hold and buy’ strategy.
We also handle everything for you. This means we’ll: perform the calculations; present you with the options; package up your application; chase the lender; negotiate discounts, arrange all the paperwork; and review your loan contracts with a fine-tooth comb before you sign them. We’ll also liaise with your existing lender and solicitor to ensure everything is prepared properly for a quick discharge on your property sale.
When you consider all the extra benefits you receive (at no cost!) by working with us, it’s easy to see why growing numbers of Australian homeowners are choosing to work with mortgage brokers.
Are you sure there are no hidden fees to use your services?
There no fees for our service.
We do NOT charge any fees to calculate your Borrowing Capacity, analyse your options, tailor a buy/ sell strategy that works given your financial situation and we do not charge for our credit advice.
Likewise, we do NOT charge fees to lodge your application or manage the entire process from start to finish. Nor do we charge fees for any of the ongoing services we provide (i.e. our post-settlement check-up, helping you change/ switch your loan later on, regular home loan reviews).
If we arrange a loan for you, we receive a payment directly from the lender. We’re completely transparent and upfront about this and will advise how much this could be when we talk to you about your loan options.
I’d prefer to meet before sending you any information about my personal situation. Can I just book an appointment?
We completely understand it may seem like we’re asking for a lot of information, right at the start. The thing is though, we cannot provide the best service (or accurate credit advice) without detailed information about your existing home and related mortgage. Lenders are changing their policies all the time and without a thorough understanding of your position, we’re just guessing what might be possible.
If you want to have a general chat before sending any documentation through, please call us on 02 6286 6501.
We know there may be others who don’t ask for much information initially – and that’s completely up to them. We want to deliver the best service possible without wasting your time. We’re continually refining our processes based on client feedback and we’re confident our current systems help us to do exactly that. (Our 5 Star Facebook and Google Review Rating confirms this too.)
How long does the finance application process take?
This depends on a few factors. Specific times (i.e. the lead up to Christmas and end of financial year) can be busier for lenders, so sometimes things can take a little longer to be processed on their end. It also depends whether you’re selling first (or buying and selling at the same time), who the outgoing lender is and how quick all involved parties are to act (i.e. buyer’s lender/ solicitor; seller’s lender/ solicitor).
Things can only start happening though, once you provide your supporting documentation.
Once you give us the go-ahead, we can provide an estimated timeframe.
Are you currently taking on new Upgrader clients?
Being a small family team of mortgage brokers, there’s a limit to the number of new clients we can take on each month. This suits us perfectly because we’re not interested in being the biggest brokerage in town. Our priority has always been (and still is!) to deliver quality service to quality clients.
We want to help homeowners who are keen to upgrade their home the right way, setting their home loan up correctly to strengthen their financial position further.
If this sounds like you, we’d love to help you upgrade your home!
Upgrade your home the easy way.
We can show you how.
Click below to get started.
We’ll ask for some contact details and be in touch shortly.
