Frequently Asked Questions

 A mortgage broker acts as an intermediary between borrowers and lenders, helping you find the most suitable home loan based on your financial situation and goals. We compare multiple lenders, negotiate competitive rates, and guide you through the application process.

 Mortgage brokers provide access to a wide range of lenders, offering more loan options than a single bank. We assess your unique circumstances, negotiate better terms, and simplify the loan application process, saving you time and potentially money.

 Our services are free for clients! We are paid a commission by the lender when your loan is settled, kind of like a finders fee - this does not come out of your loan (or your pocket!).

We are transparent about any fees, and we ensure that our recommendations are based on your best interests.

 We assist with various loan types, including:

• First home buyer loans (including the First Home Guarantee Schemes)
• Refinancing and debt consolidation
• Investment property loans
• Self-employed and low-doc loans
• Construction and renovation loans
• SMSF loans
• Personal loans
• Vehicle and equipment loans

 Eligibility depends on factors such as your income, credit history, employment status, deposit amount, and current debts. We assess your financial position and provide guidance on what lenders are likely to approve.

 Typically, lenders require a deposit of at least 5-20% of the property’s purchase price. However, options like Lenders Mortgage Insurance (LMI) may allow you to borrow with a lower deposit. We can advise on the best approach based on your situation.

 Yes! We work with lenders who offer flexible options for self-employed individuals, including low-doc loans that require alternative proof of income.

 Fixed Rate: The interest rate remains the same for a set period, providing certainty in repayments.

Variable Rate: The interest rate fluctuates based on market conditions, meaning your repayments can change. 

We help you assess which option best suits your financial goals.

 The timeline varies but typically includes:

• Pre-approval: 1-5 business days
• Loan application: 1-2 weeks (subject to lender processing times)
• Settlement: 4-6 weeks after approval if you are buying a home, 1-2 weeks if you are refinancing.

We keep you updated throughout the process.

 Absolutely! We review your current home loan and compare it with other options to find a better rate or features that suit your needs. Refinancing can help you save money or access equity for other financial goals.

 Lenders generally require:

• Proof of income (payslips, tax returns, financial statements for self-employed)
• Identification (passport, driver’s licence, medicare card)
• Bank statements
• Details of existing debts and expenses 

We provide a checklist to streamline the process for you.

 We have access to a wide panel of lenders, including major banks, credit unions, and specialist lenders. This allows us to find competitive rates and tailored solutions for your needs.

 Multiple loan applications in a short period can impact your credit score. As your broker, we strategically approach lenders to minimise unnecessary credit enquiries and protect your credit health.

 Simply contact us to book a free consultation. We’ll discuss your financial goals, assess your borrowing capacity, and guide you on the next steps toward securing the right home loan.