Frequently Asked Questions
What types of home loans can I get help with in Canberra?
Lendstreet offers home loans for first-time home buyers, investment loans, refinancing options, guarantor loans, low doc home loans, no & low-deposit loans, and more. Our mortgage brokers in Canberra will create a personalised approach tailored to your unique financial circumstances.
What documents will I need when applying for a home loan?
When applying for a home loan in Canberra, you may need the following documentation:
- Identification proof, either a valid passport, birth certificate, driver’s licence, or Medicare card.
- Income paperwork in the form of payslips, personal and/or business tax returns for two recent years, with any self-employment statements covering finance.
- Proof of other expenses such as freelance payment, bonuses, and overtime.
- Savings as bank statements.
- Employment contracts for business ownership or self-employment.
- Proof of outstanding debts and loans, whether that’s personal loans, student loans, medical costs, or credit cards.
- Dependencies related to children or elderly family members with medical support.
These documents are subject to change depending on your lender and type of loan. We can discuss relevant paperwork in your first appointment.
Which lenders does Lendstreet partner with in Canberra?
After pairing you with a mortgage broker in Canberra, they will discuss your financial goals and home ownership preferences with a reputable lender. Lendstreet has a solid relationship with many lenders, including HSBC, ScotPac, Virgin Money, Suncorp, and Judo Bank. Contact us now to learn more about our lenders and how they can find the best property in the loan market.
Why should I prefer a mortgage broker over a traditional bank for my home loan?
Choosing Canberra mortgage brokers can help you secure a loan with the best interest rates and terms. Lendstreet takes a personalised approach to provide first-time home buyers and investors competitive prices, fostering a more efficient home loan process. With traditional banking, you may be stuck with long approval times and strict credit score requirements.
We also manage frustrating documents and loan applications with the lender, saving you unnecessary hassle and money.
Do you offer virtual consultation services?
Lendstreet offers online and in-person meetings to suit your needs. Contact us here to book your consultation appointment and discuss your home loan. One of our mortgage brokers in Canberra will get back to you shortly.
Can I secure a home loan with Lendstreet if my credit score is low?
Our team of mortgage brokers in Canberra work with lenders who also pay attention to the needs and struggles of borrowers with low credit scores. It’s possible that they will request to look into other details of your home loan application, but you don’t have to worry as we will be with you every step of the way.
What are the fees for mortgage broker services in Canberra?
The fees for mortgage brokers in Canberra depend on your type of home loan and the mortgage process. Some mortgage brokers charge higher upfront fees if the loan market is demanding, while others focus on processing costs covering applications and approval. At Lendstreet, we do not charge additional fees to borrowers.
What are the advantages of using a mortgage broker service in Canberra?
Our team of experienced mortgage brokers can find you the best home loan, investment loan, and more. With this guidance, you’ll feel more empowered to make a well-informed decision based on your financial goals.
Lendstreet has in-depth knowledge of the loan market in Canberra, allowing our team to offer top-rated mortgage broking services. By keeping interest rates and housing prices in mind, you will receive a personalised plan detailing loans for first-time home buyers or investors looking for stunning properties.
Contact the best mortgage brokers in Canberra today to secure your dream home.