Perth Home Loan Info Centre
We’re here to make sure your mortgage is a good fit for every life stage.
All the home loan info you need from an
experienced mortgage broker Perth
Got Questions. We’ve got Answers.
A part of our job as an independent Perth mortgage broker is to empower you with knowledge so you can feel confident you’re making informed decisions about your home loan. Whether you’re needing a first home buyer loan, a bridging loan, want to access equity or a top up loan for renovating, separating from your partner, looking for a guarantor loan to help your kids buy a home, buying an investment property, or simply looking to refinance your home loan, we have all the home loan info you need here with some of our most frequently asked home loan and property questions.
If you have a question of your own, please contact us and ask away.
What does a Mortgage Broker do?
A mortgage broker is someone you engage to help guide you through the home loan process. They spend the time with you upfront to get an accurate picture of your home loan needs, and then they match that with the most suitable home loan options from a panel of 50+ lenders. From there, the mortgage broker will work with you and submit the loan application on your behalf, acting as a liaison between you, the lender, the real estate agents and settlement agent, to ensure all the details are taken care of.
A good mortgage broker will also stay in touch for years to come, ensuring that you continue to receive a competitive deal on your interest rate and the loan features are compatible with your ever changing needs.
I’m a first home buyer
Get your First Home Buyer Finance Guide Today
Find out everything you need to know about getting your first homebuyer loan in our free ebook. We’ll take you through the in’s and out’s and explain how it works to get approved for your first home!
I want to refinance
I want to buy my next home
applying for a home loan
With over 10 years of mortgage broking experience, we’ll make sure you’re armed with knowledge and in a great position to have your first home loan approved for your first home. We’ve broken down the home loan application process step-by-step, so you can be confident you understand what’s happening and when, avoid delays and confusion and enjoy the process as much as possible!
Initial interview
At this meeting, we’ll talk about your goals and aspirations, as well as your current liabilities to determine how much you can borrow and how much deposit you will need before we match you with the most suitable home loan product and lender. It will help if you have access to all your current bank statements and have an accurate idea (along with proof if possible) of your current monthly outgoings.
Loan application submitted
If you choose to go ahead, we will lodge your home loan application as soon as possible, along with all the required documentation which may include things like pay slips, tax returns and bank statements, and your full ID. We will outline everything that is required during or after your initial meeting.
Loan approved or pre-approved
We’ll contact you as soon as we have any response from the lender. Your loan may be unconditionally or conditionally approved at this point, which means they may require more information from us or we may be clear to move to the next stage of the loan process.
In the instance that your application is declined, we will be in touch to discuss your options and next steps. This could just mean that you need to save a bit more deposit or clear some exisiting debt. Every situation is different, and a “no” this time doesn’t mean it’s game over.
Loan documentation
In the instance that your loan is approved, the lender will send out documents for you to sign. It’s important that you read and sign the documents promptly to avoid any delays which could impact your settlement. We will more than likely receive the documents on your behalf and arrange to meet with you again to go through them and help you to complete them correctly.
Arrange property insurance
You may need to arrange insurance for the property you are purchasing with the lender listed as an interested party. Once you have organised this insurance (we can help you to obtain quotes if necessary) you should provide a copy of the certificate of insurance to your broker to pass on and enable you to proceed to settlement.
Funds to complete
Your settlement agent will be in touch to ensure that any funds required to complete settlement are received from you or that the lender has authority to withdraw it from your bank. If there is anything to pay, you would have discussed this amount previously with your broker.
Preparing for settlement
When settlement occurs, you take full ownership of the property and the mortgage. We will let you know when your first mortgage repayment will be due, along with all the other essential information about your loan. If you have any additional questions at this point, we are here to answer them all and make sure you are happy and comfortable with everything. From there, we will continue to touch base with you from time to time to make sure everything is running smoothly for you.
Do you have more questions?
As one of Perths best independent mortgage brokers highly ranked for customer service, finding you the most suitable home loan is more than a one-off thing, we’re with you for the long haul so we understand your plans and can help you understand your opportunities. After an initial chat with you to understand your situation, we will find the most suitable home loan solution that helps you work towards financial freedom, so you can live your life on your terms.