Home loans Perth

In most residential cases, nothing directly. The lender that writes your loan pays the broker a commission, which is disclosed to you in writing before you proceed. Some complex commercial or specialist files do carry a fee, and if yours is one of them we tell you upfront, before any work starts.

It depends on the lender and how complete your documents are. A straightforward salaried file with everything supplied moves quickly, while self-employed applications take longer because there is more to assess. We give you a realistic timeframe for your specific lender once we know which one suits you.

Twenty per cent avoids lenders mortgage insurance, but plenty of loans are written with less. Lower deposit options exist through lenders mortgage insurance, guarantor arrangements and government schemes. What you qualify for depends on your income, credit history and the lender's policy, and is always subject to lender approval.

Not if it is done properly. We assess your situation against lender policy before submitting anything, so we are not firing off applications to see what sticks. Multiple declined applications in a short window do damage a credit file, which is exactly what a considered approach avoids.

Yes, and it is a large part of what we write. Most lenders want two years of tax returns and financials, though some accept a shorter trading history or alternative income evidence. The right lender depends on how your business is structured and how the income presents, subject to approval.

It depends on whether you value certainty or flexibility more. Fixing protects your repayment from rises but limits extra repayments and carries break costs if you exit early. Many borrowers split the loan and take some of each. We talk it through against your actual budget rather than a forecast.

Our office is in West Leederville and most clients are across the Perth metro area, but we write loans nationally and for Australians living overseas. Everything can be handled by phone, email and video where that suits you better than coming in.

That is a good reason to call rather than a reason not to. A decline is a decision against one lender's credit policy, not a verdict on you. We find out why it happened, then work out whether another lender on the panel assesses that circumstance differently.

Pre-approval is a lender's conditional agreement to lend you a set amount, based on the documents you have supplied. It is not formal approval and it is not a guarantee of finance. What it buys you is a ceiling before you bid, and standing with a selling agent. Pre-approvals carry an expiry that varies by lender, and we handle the extension if you are still looking.

Identification and confirmation of your residency status, income evidence in the form of payslips or two years of returns if you are self-employed, your living expenses with statements for the accounts you actually use, every existing debt including cards, car loans and buy-now-pay-later, and your deposit with evidence of where it came from.

Because policy differs, not because one is marketing harder. Lenders count income differently, particularly bonus, commission, overtime and shift loading, and they assess the limits on your credit cards whether you use them or not. Dependants, living expenses, the loan term and whether the property is for you to live in or rent out all move the figure as well.

Money sitting in an offset account reduces the balance you pay interest on while staying available to you. For a household with a decent cash buffer that can be worth more than a small rate discount. For a household that runs its account to zero every fortnight it is a feature you are paying for and not using, so we work out which one you are before recommending either.

Sell first and you have certainty but may need somewhere to live. Buy first and you may need bridging finance to cover the overlap, which not every lender offers. Releasing equity from your current home, keeping it as a rental instead of selling, and getting the deductible and non-deductible debt sitting correctly are all part of the same decision.

Western Australia has a first home owner grant and a first home owner rate of duty for eligible buyers, and there are federal schemes as well. Thresholds and eligibility rules change, so we check them against the current rules when we run your numbers rather than quoting figures at you. Guarantor structures are worth asking about at the same time.