- Be 18 years old or older
- Have been paid a regular income into a personal bank account for at least 90 days
- Be an Australian resident, or have permanent residency
- 100 points ID
- 90 days of personal banking statements
- Recent statements of other credit facilities you hold
- Recent payslips
- Drivers licence
- Birth Certificate or Passport
- Recent pay slips or proof of income
- Tax returns or Assessment notices
- Current Bank statements
Finance brokers will source the best loan for you depending on your financial circumstances from a huge range of products and lenders.
Many bank employees may not have the wealth of knowledge about the loan products available in the market place, as they will be limited to the products available at their own institution.
Although a bank or lender may offer their best available product, they won’t tell you if another bank has an even better product or deal for you. The role of a finance broker is to research the best loan for you (against other products available on the market) and recommend this to you based on your individual financial situation.
Could you imagine trying to work out the difference between 20-30 different loan products? That would take you ages!
This is why brokers get paid for what they do. They invest their time staying up to date with the latest loan products ensuring that you are always given the best loan available for your particular circumstances.
Also, for self-employed borrowers, there are several lending options available not offered by all banks. Once again, your mortgage broker can discuss the range of strategies and options offered by many lenders as opposed to one or two products that a bank would discuss with you.
Many bank employees may not have the wealth of knowledge about the loan products available in the market place, as they will be limited to the products available to them.
The LVR can vary according to the type of loan you choose, your income source and the type of property that’s used as security over the loan.
To help with your financial planning we have supplied you with a selection of financial calculators that can help you to achieve your dreams.