Finance FAQs

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.

Talk to us today to see if we can help you (direct them to call a broker) or complete the detailed enquiry form.

Talk to us today, as every lenders requirement are different we will advise you what documents the lender requires. As a general rule for full documentation loans, lenders usually require 2 forms of employment documents, they may include your tax return, group certificate and payslips. For Alternative document loans usually for self-employed applicants, bank statements and Business Activity Statements are usually required. But contact us to see exactly what the lenders’ requirements are for the loan you are applying for.

This is a one-off payment to help first home buyers to assist them purchase a residential property as the principal place of residence.  You may qualify for the grant if you are purchasing an established property or building a new home. The Grant has eligibility requirements, so please contact us to discuss them and your possible eligibility.  You may also access a copy of the FHBG on our finance Resources page.

What other grants am I eligible for in WA?  You may also qualify for a another grant if you are purchasing your first home for residential home as your principal place of business, the grant allows for up to $2,000 paid for incidental purchase expenses paid for homes purchased through a licenced real estate agent.  Contact us for more information (direct them to call a broker) or complete the detailed finance enquiry form.

A Variable rate is a floating rate and can move up and down depending on market cycles.  A fixed rate can offer you security in knowing what your repayments are going to be, for example a 3-year fixed rate products’ repayment will not change over that 3-year period.

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.

We are accredited with a wide range of banks, credit unions and lending institutions to help you sift through the large number of home loans products available in today’s market.  We go through all the features and benefits our lenders products offer, making sure you find the home loan that will work hardest for you.