Frequently Asked Questions

In almost every situation, there's no fee required for our services. The lenders pay us commission for introducing customers to them. 

Of course, we can! After assessing your financial situation, we can determine how much loan you can borrow.

Ideally, lenders ask for 20% deposit of the total property value. However, you can get your home loan with lower deposits, where you need to pay Lenders Mortgage Insurance (LMI).

Lenders Mortgage Insurance (LMI) is an insurance that protects your lender incase you can't pay your loan. It is usually applicable only when you have deposit lower than 20%.

Other than the purchasing price, the fees you should consider while purchasing a property are:

  • Stamp Duty
  • Building inspections
  • Loan application or establishment fee
  • Mortgage insurance
  • Mortgage registration & transfer fee
  • Conveyancing & legal fee

Some of these fees can be waived or cut down depending on each individual's situation.

There are many grants available for interested home buyers. These grants differ from state to state. You can contact us to discuss your eligibility.

Your borrowing capacity depends on several factors including your income, expenses, savings, and credit history. To get an estimate, you can use our Borrowing Power Calculator or Book a free call with us.

Genuine savings refer to funds accumulated over a specified duration, usually three months, rather than money received as a gift.

An offset account is a linked transaction account to your home loan, where you can make free deposits and withdrawals at any time. Keeping funds in this account can potentially lower your loan interest.

A bank provides its product regardless of whether it meets your requirements. As a broker, we extensively search the market, comparing products from multiple lenders to match you with the most suitable loan. We, brokers, are obligated to prioritize your best interests.

A conditional pre-approval is a signal from a lender that you're qualified to apply for a home loan up to a specified limit. It's crucial to understand that you're not obliged to take the loan, and the lender isn't obligated to lend you that amount. Additional requirements, such as verifying the information provided and assessing the property's suitability, may need to be fulfilled before formal approval is granted, depending on the lender.

Stamp duty is a tax imposed by the state government that covers various fees like transfer and mortgage duties, registration fees and property transfer fees. The amount you have to pay depends on your property's price and the state you live in.

You can get an estimate on our Stamp Duty calculator.