I've found a house I want to buy. How do I start the process of getting a mortgage? Call me! We’ll have an initial chat over the phone and then make a time to meet and discuss in person.
What type of mortgages do you offer? Home loans come in all shapes and sizes. The idea is that your home loan works for you and the loan type best suits your needs and requirements.
What are all the costs associated with getting a mortgage with your company? Generally, there is no cost to the borrower as I am remunerated by the lender who funds the loan. Occasionally, there may be an upfront fee to be paid but we’ll discuss this before proceeding.
How long will it take for my mortgage to get approved? Depending on the complexity of the application but normally a week to 10 days is plenty. We can of course, push through urgent applications when the need arises.
What documentation is required to get a mortgage? After our initial discussion, I'll email you a full checklist of what’s needed - it's all pretty straightforward stuff.
What is a pre-approval mortgage? A pre-approval is a conditional undertaking from a bank or lender that provides the borrower with comfort that if a suitable property is found then funding will be available. There is normally some outstanding information required by the bank before a pre-approved loan becomes an unconditionally approved loan.
Which type of mortgage is the best for me? A tricky question to answer here! As everyone's personal and financial situation is different an individual consultation is needed to set the loan up right for you.
What happens if interest rates go up? When we discuss the loan structure (before you commit to anything) we will talk about what interest rates are doing and if rate increases are expected, we'll set the loan up to protect you from unwanted interest rate hikes.
How much money do I need for a deposit on a property? Depends on what you're buying. You can get away with a 10% deposit for an owner/occupied property. Our initial phone conversation will provide a clearer picture of how much you need to contribute towards the purchase.
What happens if I can't get a mortgage from a mainstream bank? I have access to a wide range of lenders who can assist borrowers who don't "fit the box" of mainstream banks. Borrowers who are unable to prove income or have some credit history issues can quite often still buy a house.