Mortgages

Refinancing refers to paying out your current loan and replacing it with one that is more aligned to your goals and objectives. Refinancing can save you money through lower rates, help you take advantage of different loan features and improve your overall financial position.

We will discuss this throughout the process with you. However, you won’t receive a final interest rate offer from your bank or lender until your loan application is unconditional. At this point, we will sit down with you and present you a loan structure based on your needs and objectives.

A mortgage is the name of the document the bank or lender uses to take security over your property you are purchasing or already own. So, when you are applying for a ’mortgage’, as many people say, you are not actually applying for a mortgage, you are applying for a home loan.

When applying for a loan to renovate your home, banks and lenders will generally want you to provide a full application. Therefore, working with a mortgage adviser is the best way to keep this process as simple as possible.

The short answer to this question is, yes, however if you already have a relationship with an existing mortgage adviser, this should be streamlined given they will already hold your details. They will still however need to understand your current position and the purpose of the lending.

Not necessarily. We will review your situation and work with you to find a suitable option from the large panel of banks and lenders we work with. Criteria varies between lenders, and although one may decline your application another maybe be able to provide you with an approval.

That sounds great! A holiday home in most cases is considered an owner-occupied property, which means you can borrow up to 80% of the property’s value. To get an application together, get in touch with a mortgage adviser who will help you through the process.