How do I apply for a loan?

Simply contact us HERE. One of our experienced brokers will guide you through the process of completing an application, detail what you need to provide, complete an assessment and provide you with loan options

What is equity?

Equity is the difference between your home value and how much you owe on it. For example if your home is worth $400,000 and you owe $300,000, then you have $100,000 equity

What is refinancing?

Refinancing is the process of changing your loan to a different lender for a number of reasons such as obtaining a better rate, drawing on equity for renovations or maybe you want to consolidate your debts

What will my interest rate be?

Your interest rate will depend on the assessment criteria and the current market rates from our panel of lenders

What is a credit rating?

Some banks use credit scoring, the score is based on information collected about you by credit reporting agencies. You are entitled to obtain your rating without charge

How do I withdraw my application

Simply let your broker know and we will handle the rest

What documents do I need to provide?

This will depend on the type of loan you are applying for, we will let you know exactly what the lender will need you to provide

How do I verify my identity?

This can be done either in person, online or at an Australia Post Office

What is lenders mortgage insurance?

Lenders mortgage insurance is a premium you can pay to protect the bank when you want to pay a smaller deposit when obtaining a loan

How do I make loan payments?

Depending on the type of loan, we will present you with a range of options for loan payments. Generally these will be direct debited from your savings account of choice

Can I pay off my loan early?

In most cases yes, sometimes there may be a fee depending on the type of loan you go for

Can my parent go as a guarantor?

By having your parent go as a guarantor, they offer up one of their properties as security to remove the requirement for lenders mortgage insurance or reduce the deposit needed. In some cases you may be able to use other family members or friends

How much deposit do I need?

The amount you will need to contribute depends on a number of factors including the type of loan, if you have a guarantor and if you want to take out Lenders Mortgage Insurance. As a general rule 5% is the minimum amount you will need, however in some cases this can be lower

Does it cost money to use a mortgage broker?

As we are paid by the banks, in most cases it is FREE to use our service

What is the difference between fixed and variable rates?

A fixed rate is locked in for a predetermined term, while a variable rate fluctuates based on the prevailing interest rate

What is a low doc home loan?

A low doc loan is available for self employed and business owner borrowers who may not have access to the financial statements usually required when applying for a loan