Can you do online or virtual meetings?
Yes, our mortgage broker team carries out virtual meetings for all our home loan clients. Book a call with us here, and we’ll schedule your online consultation at a time that suits you.
What is a mortgage broker and what do they do?
A mortgage broker is a knowledgeable professional who serves as an intermediary between individuals seeking a mortgage loan and the lenders who provide those loans. Mortgage broking plays a crucial role in the home buying process, assisting borrowers in finding the right mortgage solution to meet their specific needs. Learn more about what mortgage brokers do here.
Is it better to work with a bank or a mortgage broker?
Working with expert mortgage brokers is a better option than banks as they have access to more competitive home loan deals, can negotiate better terms on your behalf, and find home loans that best suit your financial situation. More about the difference between a mortgage broker and the bank here.
How much does it cost to work with a mortgage broker in Brisbane?
The cost of hiring mortgage brokers in Brisbane depends on the type of home loan you require and the complexity of the mortgage. Typically, mortgage brokers charge a fee in three ways:
Lender-Paid Commission: When a borrower obtains a mortgage through a broker, the lender pays a commission to the broker for bringing them the business. This commission is typically a percentage of the loan amount. In Brisbane, this is between 0.65% – 0.70%.
Borrower-Paid Fees: Some mortgage brokers charge fees directly to the borrower for their services. These fees vary and may include application fees, origination fees, processing fees, or broker fees. These charges are typically disclosed upfront.
Combination of Commission and Fees: Mortgage brokers may employ a combination of lender-paid commission and borrower-paid fees. They may receive a commission from the lender and also charge certain fees to the borrower for specific services provided, such as credit checks or loan processing.
Where can I find your mortgage brokers in Brisbane?
Our Brisbane office is at the following address: Unit 3, 5 Navigator Place Hendra QLD 4011. Alternatively, you can schedule an online appointment here.
What are the benefits of working with Brisbane mortgage brokers?
Working with Lendstreet mortgage brokers in Brisbane offers several advantages when seeking a home loan. We have a deep understanding of the local market and expertise in navigating the intricacies of the mortgage industry. We also have over 50 home loan providers in our network, allowing you to get the best mortgage possible. Our brokers are also part of the Mortgage and Finance Association of Australia, so you can rest easy knowing you’re in good hands.
What documents do I need to apply for a mortgage?
When applying for a home loan, you’ll need these necessary documents:
- Copies of your identification documents, such as a valid passport, driver’s licence, or Medicare card.
- Proof of income in the form of pay slips or payment summaries, or personal and/or business tax returns for the past two to three years, including financial statements if self-employed.
- Proof of additional sources of income (if applicable).
- Proof of savings in the form of bank statements.
- Employment contracts.
- Provide statements or documentation for any existing loans, including personal loans, car loans, credit cards, or outstanding debts.
- Details of any dependents, such as children or elderly family members.
Depending on your home loan type, additional documentation may be required. Don’t worry – we’ll talk you through any documentation you need on our introductory call.
Can your mortgage brokers help me if I have a low credit score?
Yes, our mortgage broker team can still help you secure a home loan, even if you have a low credit score. Contact us here to discuss your financial situation and the potential options available to you.
What type of home loans can your mortgage brokers help me with in Brisbane?
Our mortgage broker team in Brisbane can help you with various loans depending on your needs, including first home, investment, low doc, guarantor, and low deposit home loans. Contact us today at 1300 317 042 for more information and advice.
Which lenders do you work with in Brisbane?
We work with over 50 lenders, including ANZ, Pepper Money, NAB, St George, Westpac, and many more. With Lendstreet, you can choose from thousands of home loans, ensuring you find the right one for your needs. Find out more here.