Frequently Asked Questions

Please contact me for more information if your particular question is not answered by this FAQ section.

WHAT IS A MORTGAGE BROKER?
Finance Advisers are consumer advocates in the home loan selection process, helping homebuyers to pre-qualify, select a home loan and complete the required mortgage documents. They follow your new home purchase, investment or refinance through to settlement providing a smooth and convenient transaction. Consumers receive an expert mentor to lead them through the complex home loan lending process. A Finance Adviser offers the consumer the convenience of doing all the leg work to access an affordable home loan while balancing the consumers financial interests and goals..
HOW DO I APPLY FOR A LOAN?
We will complete all the mortgage applications for you to ensure your home loan application has the optimum chance of success. Our custom mortgage broking software compares all mortgage rates, fees and hidden costs so we can deliver you the best value home loan for your situation.
WHAT IS A PRE-APPROVAL?
A pre-approval gives you an indication of the maximum amount you can borrow. By getting your pre-approval you have the power to negotiate with confidence.
CAN FEES BE ADDED ONTO MY MORTGAGE?
In some cases yes, it will depend on how much you are borrowing, and the value of your property.
I’VE JUST MOVED TO AUSTRALIA AND HAVE NO CREDIT RECORD HERE. CAN YOU HELP?
This will depend on your employment. If you are moving and have a job and employment is continuous and there is no break some lenders may consider your application after a month but if you are looking for new employment and you are borrowing less than 80% of the value of the property they may consider you prior to 6 months in the position but if the borrowings are greater than 80% then you would have to wait at least 6 months before applying.
I’M SELF EMPLOYED AND CAN’T PROVE MY INCOME, CAN YOU HELP?
Yes! We have products that suit the self employed.
WHY DON’T I JUST GO TO THE BANK MYSELF?
We help assess all your options, whereas the Bank is restricted by being only able to present one view.
HOW DO I BORROW FUNDS USING MY SUPERANNUATION FUND?
In order to borrow funds using you superannuation funds a self managed super fund SMSF needs to be set up. Costs associated in setting a SMSF can vary from $3,000 on average upwards. Lenders are now lending money to SMSF’s through a set up property trusts and trustee’s. Advice from lawyers and experts is required when pursuing these setups. most lenders will loan up to 80% so you will need to have enough funds in your superannuation fund to cover a cover 20% deposit and fees required to complete the purchase. Servicing needs to come from proposed rental income and Superannuation contributions. Purchases made from the SMSF are at arm’s length and all purchases need individual property trusts set up for each purchase the SMSF makes. For more information give us a call.
I HAVE JUST MOVED TO AUSTRALIA HOW LONG DO I HAVE TO WAIT BEFORE I CAN APPLY FOR A LOAN?
This will depend on your employment.
WHAT TYPES OF VISA'S DO LENDERS ACCEPT?
Most banks will accept most visas but this will vary from lender to lender. The most common Visa is 457 but others would certainly be considered. If you are not sure send us an email and we confirm for you.