Frequently Asked Questions

“The banks pay us to answer your questions”

What are the steps involved

1. Consultation

2. Application

3. Pre-approval

4. Assessment

5. Formal Approval

Will i be charged when using a mortgage broker?

No! you will not be charged for using any of our mortgage brokers. The lender pays the broker for being your agent. Our services do not cost you anything and we will always aim to get you the best rate on the market.

How much deposit do i need?

Banks generally ask for 20% but some lenders offer 95% lending. 100% lending is also available if a family members pledges their property as security. Conditions apply.

What does pre-approval mean?

A non formal approval amount based on your serviceability which you can use to shop around and make an offer on a property you are interested in.

Can i choose which bank i borrow with?

Yes, you can. We have a lot more options than the 4 major banks so we would also be happy to suggest any other lender we may be a better option for you as well.

What documentation do i need for my loan application?

For our first consultation you don’t need anything, if you have theres documents handy then please bring them along.

• Proof of identification

• Proof of income

• Assets & Liabilities

• Bank statement

When is an offset account?

An offset account is an account that is linked to your home loan that will help reduce the interest on your loan balance if you add money to it. This amount can be withdrawn at anytime and the reduction of interest is calculated daily.

Which areas do you service?

We service all of Sydney and if we can’t reach you we are happy to refer you to your local broker to guide you through the process.