47 Whitehorse Rd, Balwyn VIC 3103
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Finance Help Center

Search our website or read FAQ's below.

Frequently asked questions

Typically, you are required to show savings over a 3-month period of genuine savings, and show a minimum of 5% equity of the value of the property.  However, as mortgage brokers we have access to a wide range of lenders including low deposit home loans and in some cases you may qualify for this type of loan.

If you meet the criteria for a Low deposit home loan, you are only requiring you to show a 2% deposit plus some purchase costs in order to apply.  Your mortgage broker can complete a preliminary assessment for you which will show you how much money you will need to qualify.

Equity is the difference between what your property is worth and how much you owe on it. BUT, that is not quite correct! Calculating equity can be quite confusing when done on your own. Learn how your property equity is calculated firsthand from the experts.

It costs a lot to run a household, with food, expenses, clothing and other things such as travel costs. When assessing your ability to repay the loan, lenders will factor in certain costs allowing for the number of adults and children in the household. This way they are making sure you can repay the loan without overcommitting yourself. . An important part of responsible lending.

We are usually remunerated by the lender, unless otherwise advised to you in writing in advance.  All fees and charges we are likely to be paid are disclosed to you in our disclosure documents on application.

Can you use a family member as a guarantor – most times yes? Why would you use them as a guarantor – helps get your property quicker?

For more details on additional costs in a property purchase see our Purchase calculator.

Have more questions?

Whether you have a question about our services, need assistance or just want to talk, we want to hear from you.
Contact us today.