Home Loans - FAQ
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Web Home Loans - Frequently Asked Questions

How much can I borrow?

Different lenders utilize different qualifier calculators to determine an applicant’s eligibility for the loan. Simply complete an inquiry form with us and we will have a mortgage specialist contact you to assist with calculating your ability to borrow and maximum loan amount.


How much deposit do I need?

The deposit required will depend on the loan product you select. If you are looking at investing or purchasing your own property you can borrow up to 95% of the purchase price or valuation (whichever is the lesser). If you are already a property owner and are looking to purchase a second property, you may be able to borrow 100% of the purchase price.


Can you help those who are self employed?

We have home loans available for applicants that are self-employed. You may either choose to go with a standard home loan or a Low-Doc product. If you decide to apply for a low doc home loan, the maximum you will be able to borrow would be 80% of the purchase price/valuation.


What fees or charges can I expect to pay with my home loan?

Fees and charges applicable to your loan will depend totally on the lender and loan product that you select. Whenever possible, our mortgage specialists will attempt to qualify you for the best value loan product available on the market. Every effort will be made to select home loans with the lowest interest rates and lowest fees, while taking into account your personal circumstances and requirements.


What does your service cost?

Our service is 100% free to you. We get paid by the mortgage specialists we work with for the mortgage marketing service that we perform.


How long will loan pre-approval take?
From the time that we receive your inquiry, a mortgage specialist will be in touch with you within 24 hours (but in most cases within 3 hours) to identify your requirements and determine the loan that suits you best. They will be able to pre-qualify you over the phone. For a formal pre-approval you will need to supply all the relevant supporting documentation and can expect approval within several days.

Can I make extra repayment and pay off my loan sooner?
If making extra repayments is important to you, mention this as a requirement to the mortgage specialist that contacts you. They will ensure that the loan product selected for you gives you the option of extra repayments and will not penalize you for early mortgage discharge.