Getting pre-approved for a loan is highly recommended for First Home Buyers. It helps you understand how much you can borrow and shows sellers you're serious about buying. While not mandatory, pre-approval gives you a clear budget and can make your offer more attractive to sellers. It also speeds up the buying process once you find your ideal home.

1. Proof of Identity: This could be a driver’s license or passport. 2. Proof of Income: Recent payslips or Income tax returns to show how much you earn. 3. Employment Details: A letter from your employer or recent employment verification. 4. Credit History: The lender will check your credit report to see your credit score and history. 5. Bank Statements: Recent statements from your bank accounts to show your savings. 6. Down Payment Information: Proof of savings you have for the down payment. 7. Personal Details: This will include name, address & employment details, assets & liability details and living expenses Having these documents ready will help speed up your loan application process.

The mortgage application process typically takes around 30 days from application submission to settlement. Here’s a simple breakdown of what to expect: 1. Application Submission: We collate information/documents from you and then complete & submit your mortgage application to lender. 2. Processing: The lender reviews your application & documents, checks all the details, does the background check and makes a decision. 3. Approval: Once approved, lender issues the loan documents which you need to review, sign and returns to lender settlement team 4. Settlement: Signed loan documents are then reviewed by the lender’s settlement team and they make file ready for the settlement (disbursement of the loan approved) Keep in mind that the process might be faster or slower depending on the lender and your specific situation. Staying organized and responsive can help keep things on track!

Yes, it’s mandatory to hire a conveyancer when buying a property. They handle legal paperwork, conduct important property searches, and ensure everything complies with the law. This helps make the buying process smoother and protects your interests.

Yes, we can help you obtain property appraisal reports before you buy an established property. This report provide an estimate of the property's value and help you make an informed decision. Just let us know, and we’ll guide you through the process of getting a comprehensive appraisal report.

Yes, you typically have to pay stamp duty when buying a property. However, you might be eligible for concessions or exemptions depending on your location and circumstances, such as first-time buyer programs or certain property types. It’s a good idea to check with us, your selling agent or conveyancer to see if you qualify for any concessions

If you’re buying an off-the-plan property that will be ready in 1-2 years, it’s best to apply for your loan closer to the completion date. Typically, you should start the loan application process about 3-6 months before the property is ready. This timing helps ensure your loan is approved and ready when the property is completed.

Yes, you should definitely consult your conveyancer before exchanging contracts for an off-the-plan property. They’ll review the contract, explain any legal terms, and ensure everything is in order before you commit. Their expertise will help protect your interests and make the process smoother.

Yes, you can borrow jointly with a family member. This means you both share responsibility for repaying the loan. Joint borrowing can increase your borrowing capacity and improve your chances of getting approved, but it also means both of you are equally responsible for the loan. Make sure to discuss this thoroughly and understand the financial commitments involved.

Yes, in some cases, you can use your Superannuation Fund (Superfund) as a contribution towards buying property, but it depends on your situation and local regulations. This is often done through a Self-Managed Super Fund (SMSF) for investment properties. There are specific rules and restrictions, so it's important to consult with a financial advisor or your superannuation provider to understand how it works and if you meet the eligibility criteria.

Yes, it is possible for your parents or a relative to be a guarantor when buying your first property. As a guarantor, they assist you to obtain a home loan when you are unable to provide adequate security or in case where the loan amount exceeds normal lending criteria. This can help you secure a loan with a lower deposit and eliminate the need to pay for Lenders' Mortgage Insurance (LMI). Make sure to discuss this arrangement thoroughly with them and understand the risks involved before proceeding.

Yes, you can still borrow even if you are not a Permanent Resident, but there are some additional factors to consider. Lenders may have stricter requirements for non-residents, such as selected visa types, higher deposit amounts and interest rates. You'll need to provide additional documentation and possibly meet specific criteria.

Yes, you can still get a mortgage with bad credit history, but it might be more challenging. Lenders may offer you a loan with higher interest rates or require a larger deposit. It’s important to work with us closely and be prepared to provide a strong explanation and evidence of financial stability. Improving your credit score before applying can also help improve your chances.

When obtaining a loan, costs may be involved, including: 1. Application Fees: Fees charged by the lender for processing your loan application. 2. Valuation Fees: Costs for appraising the property’s value. 3. Legal Fees: Expenses for conveyancing and legal services. 4. Stamp Duty: A government tax based on the property's purchase price. 5. Govt Fees: Cost of mortgage registration, mortgage discharge and land transfer fee 6. Lenders Mortgage Insurance (LMI): Insurance payable if your deposit is less than 20% of the property’s value. 7. Settlement Fees: Costs associated with finalizing the loan and property purchase.

Absolutely! Asking for a detailed breakdown of all potential costs is crucial. This will help you understand the full financial picture and avoid unexpected expenses. Be sure to request a comprehensive list of fees and charges related to your loan, including application, valuation, legal fees, and any other costs that may arise.

Yes, you can refinance your existing mortgage to a different lender. Refinancing can help you secure a better interest rate, adjust your loan term, or access additional funds. However, consider the potential costs involved, such as early repayment fees, application fees, and any other charges. It’s a good idea to compare offers from different lenders and assess whether the benefits outweigh the costs before making a decision.

Below cost may incur if refinancing your mortgage: 1. Application Fees: Charges from the new lender for processing your refinance. 2. Valuation Fees: Costs to assess your property's value. 3. Legal/Settlement Fees: Expenses for handling the legal paperwork. 4. Discharge Fees: Fees from your current lender to close your old mortgage. 5. Lenders Mortgage Insurance (LMI): Extra insurance if you borrow more than 80% of the property’s value. 6. Early Repayment Fees: Penalties for paying off your current mortgage early. 7. Govt Fees: Cost of mortgage registration and mortgage discharge fee (when refinancing from current lender to different lender)

Yes, when you apply for a mortgage, the lender will access your credit report and perform a background check. They use this information to assess your credit history, score, and overall financial situation to determine your loan eligibility and interest rate. This helps them understand your ability to repay the loan and manage risk.

It’s unlikely you can borrow for a second property without paying any deposit. Lenders typically require a deposit to reduce their risk. However, there are a few options that might help: 1. Equity in your current property: If you have significant equity in your first property, you might be able to use it as a deposit for the second property. 2. Low Deposit Loans: Some lenders offer low deposit loans, but these often come with higher interest rates or additional fees. 3. Guarantor Loans: If a family member can act as a guarantor, it might help reduce or cover the deposit requirement.

When you switch from PAYG to self-employed, lenders assess your income in these ways: 1.Financial Statements: Provide recent records showing your business income and expenses. 2. Tax Returns: Share your last 1-2 years of tax returns. 3. Bank Statements: Show recent bank statements from your business accounts. These documents help lenders understand your income and financial stability.

We do not charge a fee for our services. We are directly paid by lenders for introducing new home loan applications. We are committed to offering the best support tailored to your needs and requirements. Your satisfaction is our top priority, and we strive to provide exceptional service to help you achieve your home loan goals.

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