Question 1

How much can I borrow?

Accepted Answer

Your borrowing capacity depends on your income, existing debts, living expenses, credit history, and deposit amount. We can help assess your situation and provide an estimate based on current lender policies.

Question 2

How much deposit do I need to buy a property?

Accepted Answer

Most lenders require a minimum deposit of 5%–20% of the property value. A larger deposit may help you avoid Lenders Mortgage Insurance (LMI) and access more competitive loan options.

Question 3

What is pre-approval?

Accepted Answer

Pre-approval is an indication from a lender of how much you may be able to borrow before purchasing a property. It helps you understand your budget and shop for a property with more 
confidence.

Question 4

How much does it cost to use a mortgage broker?

Accepted Answer

In most cases, our service is free for clients because we are paid by the lender after settlement. If any fees apply, we will always disclose them upfront.

Question 5

Can I refinance my existing home loan?

Accepted Answer

Yes. Refinancing may help you secure a lower interest rate, reduce repayments, consolidate debts, or access equity for future investments or renovations.

Question 6

What documents do I need for a home loan application?

Accepted Answer

Common documents include identification, recent payslips, bank statements, tax returns (for self-employed applicants), and details of any existing debts or liabilities.

Question 7

Fixed rate vs variable rate — what’s the difference?

Accepted Answer

A fixed rate provides repayment certainty by locking in your interest rate for a set period. A variable rate may change over time and often offers more flexibility and additional loan features.

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