Q. How do I apply for a loan?
A. Your mortgage broker will complete all the requirements, prepare the application, and will ensure your home loan has the optimum chance of success.
Q. Why do I need a mortgage broker?
A. Mortgage brokers compare loan products that meet your requirements. They offer mortgage products from a wide network of lenders, giving you access to a greater range of products.
Q. What is the First Home Owner's Grant (FHOG)? Am I eligible for it?
A. FHOG scheme is funded by the Federal Government and is administered in each state. The amount of Government Grant varies depending on the state you live in. To be eligible for FHOG, you and your spouse should not have previously claimed the grant or owned a home.
Q. What is a mortgage broker?
A. A mortgage broker is a middleman or an intermediary – helping you arrange a mortgage with a lender. They use their expertise and tools to source competitive rates and ensure a smooth process to settlement. A mortgage broker always acts in the borrower’s best interests – understanding your situation and needs before narrowing down your mortgage options.
Q. Which loan is right for me?
A. This is best answered by one of our Team Members. Contact us today and we will source the most suitable deals for you on the market.
Q. How much will I need for a deposit?
A. This depends on your situation and how each lender assesses your capacity to borrow. Some banks only require a 5% deposit if you have a good credit history, a stable job and your income are sufficient to cover the loan repayments.
Q. Can I secure a home loan with Zero Deposit?
A. Yes, There are options available for Australian Citizens and Permanent Residents towards securing a Zero Deposit Home Loan. Contact our team and we can guide you through the various options available.
Q. Why should I invest in property?
A. Property investment is a tested and proven investment option that is more stable and predictable compared to many other investments. Unlike the stock market, property values fluctuate rarely and most often increase. You’re likely to benefit from stable cash flow from rent payments and a good return on your investment.