A Mortgage Broker can help you arrange a home loan to suit your needs.
Mortgage Brokers have access to a wide array of lenders, and can match your personal circumstances to the best lender to save you time shopping around. A broker will also help take the hard work out of applying for a home loan, as they fill out all the necessary forms and track your application through to settlement. Click here for more information.
Most Mortgage Brokers don't charge anything (including us) for arranging your home loan. For a detailed explanation and current commission rates of the major banks, please click here.
Everyone's circumstances are different, but the miniumum requirements are:
- A deposit of 5% or more.
- A stable income capable of comfortably paying the loan.
- Australian Citizenship or permanent residency.
With the vast majority of banks: $0.
That all depends on the lender we use. After meeting with a Mortgage Broker and discussing your situation and needs, we can often match you to a number of lenders. We have lenders that can provide pre-approvals in 1 day, and formal approvals in 3 - 4 days. Most banks take 1 - 2 weeks.