FAQ's.
General Questions
1. What does a mortgage broker do?
2. Do I have to pay for mortgage broker services?
3. How much deposit do I need to buy a property in Australia?
4. How long does loan approval take?
5. What is pre-approval and why is it important?
6. Can I refinance my existing home loan?
7. What types of loans can I apply for?
8. Can self-employed individuals apply for loans?
9. What factors affect my borrowing capacity?
10. Can you help first-time home buyers?
Borrowers can choose from variable rate, fixed rate, split rate, interest-only, and line of credit home loans depending on financial goals and repayment flexibility preferences.
Typically, lenders prefer a 20% deposit to avoid Lenders Mortgage Insurance (LMI), but many eligible buyers can secure loans with deposits as low as 5%.
Pre-approval is a lender’s preliminary assessment of your borrowing capacity. It helps buyers confidently search for properties within their approved price range.
Yes. Refinancing allows borrowers to access better interest rates, release property equity, or restructure loan features to suit changing financial needs.
Lenders review your income, expenses, existing debts, credit score, employment stability, and savings history to determine borrowing limits.
Yes. Eligible buyers may qualify for grants, stamp duty concessions, or deposit guarantee schemes depending on state and federal eligibility rules.
Pre-approval generally takes a few days, while full loan approval can take 2–4 weeks depending on documentation and lender processing timelines.
Yes. Self-employed applicants may qualify using BAS statements, tax returns, or accountant declarations depending on lender policies.
Additional costs may include stamp duty, legal fees, building inspections, loan setup fees, and property valuation charges.
Many loan products allow additional repayments, which can reduce interest costs and shorten loan tenure.
Asset finance helps individuals and businesses purchase equipment, vehicles, or machinery without paying the full cost upfront.
Commonly financed assets include vehicles, trucks, medical equipment, construction machinery, technology systems, and business equipment.
Popular options include hire purchase, chattel mortgage, finance lease, novated lease, and operating lease depending on ownership and tax benefits.
Yes. Many asset finance structures allow eligible borrowers to claim depreciation or interest deductions depending on financial and taxation advice.
Some asset finance solutions require minimal or no deposit, depending on borrower profile, asset type, and lender policies.
Asset finance approvals are often faster than property loans and may be approved within 24–72 hours if documentation is complete.
Yes. Many lenders offer tailored asset finance solutions for new businesses depending on projected revenue and business viability.
Yes. Many finance solutions allow asset upgrades, trade-ins, or refinancing once equity or payment milestones are reached.
Yes. Asset finance can also support personal vehicle purchases, recreational vehicles, and specialised equipment.
Typical documentation includes identification, income verification, business financials (if applicable), and asset purchase invoices or quotes.
Commercial loans help finance business property purchases, development projects, equipment acquisition, or business expansion.
Commercial loans may be used for offices, warehouses, retail shops, industrial buildings, and mixed-use developments.
Deposits typically range from 20% to 35% depending on borrower risk profile, business strength, and property type.
Yes. Commercial loans usually carry slightly higher interest rates because they involve greater business risk assessments.
Yes. Lenders assess business financial statements, tax returns, and projected cash flow to determine loan eligibility.
Yes. Many commercial loans offer interest-only options, flexible repayment terms, and redraw facilities.
Commercial loan approvals generally take 3–6 weeks depending on business complexity, valuations, and lender assessment.
Yes. However, approval depends on business plans, financial projections, experience, and available security or guarantees.
Security may include commercial property, business assets, or personal guarantees depending on loan structure.
Yes. Refinancing may help reduce interest rates, release equity, or restructure loan terms to support business growth.
An SMSF loan allows a Self-Managed Super Fund to borrow money to invest in residential or commercial property within superannuation regulations.
Applicants must have an established SMSF that meets compliance requirements and trustee eligibility criteria.
SMSFs may invest in residential or commercial properties that meet Australian superannuation investment regulations.
No. SMSF rules prohibit members or related parties from living in or personally using SMSF-owned residential properties.
Deposits usually range between 20% and 35%, depending on lender policies and property type.
Repayments are made using rental income generated by the property and SMSF member contributions.
Yes. Refinancing may help reduce interest costs or restructure loan terms if lender and compliance conditions are met.
Yes. SMSF loans involve strict regulatory requirements, specialised legal structures, and financial compliance checks.
Typical documents include SMSF trust deed, financial statements, compliance certificates, member contribution records, and property details.
Risks include property market fluctuations, reduced liquidity within the super fund, and compliance obligations under superannuation law.