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A mortgage broker is a type of financial professional who specialises in helping their clients to find a home loan. Their job is to gather information about the needs of their clients and to suggest lenders and products that match those needs. Once they have helped their client to select a home loan, a mortgage broker may also assist the home buyer with the application process.

• Fixed rate home loans
• Variable rate home loans
• Split rate home loans
• Investment home loans
• Interest-only home loans
• Low doc home loans
• Bridging home loans.

In order to assess how much money you can comfortably borrow based on your specific circumstances, we will need to ask you for some information about your income, expenses, and any liabilities that you have before we formaly start an application

A credit rating or credit score is an assessment of the creditworthiness of an individual borrower, based on their borrowing and repayment history (as shown on their credit report).

There are several reasons why you may consider refinancing, which could include:

• getting a better deal (which could save you thousands of dollars over the life of the loan);
• changing your repayment amounts (for example, if you are ahead in repayments and want to reduce them)
• accessing equity in your property; and/or
• getting a better customer experience

We are unable to say exactly how much it will cost you to switch from your existing lender to a new lender, so we recommend you check your existing financial institution’s Terms and Conditions or contact them to be certain.

As well as having to front up with a deposit (normally 20%), you’ll also need to cover other costs such as:

• Lenders’ Mortgage Insurance
• Lending fees
• Moving costs
• Stamp duty
• Legal and conveyancing fees
• Utilities connections
• Home and building insurance

You can get a conditional approval in a few business days once you provide and verify all the personal and financial information as required by a particular lender, such as bank data extraction, credit check, and identity verification.

Please respond quickly to any questions or requests from your lender to avoid further delays.

Depending on your information provided, the lender’s credit team may need to check a few things before unconditionally approving your application.
Once approved, the settlement process is set by your current lender which usually takes around 2-3 weeks, though it can take longer. However, we’ll make sure to stay in touch and clearly communicate with you throughout the process, keeping you updated with progress and next steps – all the way from the start of the application.

1. We will forward you documents sent by the lenders solicitor to review and sign.
2. We will follow up any outstanding items as required by the lenders solicitor prior to settlement such as property insurance or fund shortfalls*
3. Settlement date is organised and booked in.

Depending on your lender and current home loan, you may have to pay discharge fees or a break fee when refinancing to a different lender.
Additionally, you may need to consider any fees that apply when getting a new loan, such as application fees and property or valuation fees. However, these costs could seem trivial compared to the money you’ll save by refinancing.

It’s incredibly frustrating and stressful when you know you have the income to support a home loan, but the banks won’t give you one because of a credit problem. We see people in your situation, day in and day out. People from all walks of life who, thanks to bad choices, bad timing or just plain bad luck, find themselves with a bad credit record, and are unable to get a home loan. And in almost every case, we’re able to help. We are almost confident that we can help you too…