Do you charge for your mortgage broking services?

At The Property Education Company, we do not usually charge clients for assisting with loans. We are paid commission by the lender you choose. When you take out a loan via a mortgage broker, it does not cost you any more, and sometimes costs less, than going directly to a bank. Brokers get paid commission by banks for bringing new business and continuing to look after clients for the bank.

How is my borrowing capacity determined?

Your borrowing capacity is determined by two key factors that lenders review: 1) Your income and how much you can afford in loan repayments, and 2) Your security - how much cash or equity from another property you have to put towards the deal. Both factors must be comprehensively assessed by a mortgage broking expert so you can be sure before you buy.

Do you work with clients outside of Melbourne?

Yes, we currently work with clients all over Australia from Darwin to Townsville, Sydney, and all over Victoria! We can meet in person at our Brighton office or via Zoom video call. We happily meet out of hours on weekends or in the evenings, but always in our offices for your safety and ours.

How many lenders are you accredited with?

We are accredited to access over 40 lenders. These include major banks like ANZ, Commonwealth Bank (CBA), NAB, Westpac, Bank of Melbourne, BankWest, ING, and Macquarie, as well as many second-tier lenders and credit unions. This gives us the ability to compare a wide range of loan products to find the best option for your specific needs.

What is your loan approval rate?

The Property Education Company has a 98% home loan approval rate, which is significantly higher than the industry average. This success rate comes from our thorough preparation, expert knowledge of lender requirements, and comprehensive support throughout the entire application process.

What makes The Property Education Company different from other mortgage brokers?

We focus on education and building long-term relationships with our clients. Unlike many brokers who only help when you're ready to buy, we will meet with you early in your journey to help you prepare, save your deposit, and understand the lending process. We provide regular check-ins, annual loan reviews to ensure competitive rates, and ongoing support throughout your property ownership journey. We also make the process fun and stress-free with a personal, caring approach.

How long does the home loan application process take?

The timeline varies depending on your individual circumstances and the lender, but our streamlined three-step process makes it as efficient as possible: 1) Book a home loan strategy call, 2) Let us review your documents, and 3) Choose your best loan option and submit. We work to get you pre-approved as quickly as possible, often within days, and then manage the full application through to settlement.

Can you help with investment property loans as well as home loans?

Absolutely! We specialize in both owner-occupier home loans and investment property finance. Our founder Louise Lucas has been mentoring property investors since 2007 and brings over 35 years of finance experience. We provide education on investment strategies, negative gearing, portfolio building, and connect you with the right finance solutions for your investment goals.

Do you offer refinancing services?

Yes, refinancing is one of our core services. We conduct annual loan reviews for our clients to ensure they always have competitive rates. We negotiate with your current lender to improve your rate, or help you refinance to a better lender if needed. Many of our clients have been with us for 10-15 years because we continuously look after their interests and help them save money over the long term.

What education and qualifications does your team have?

Our founder and CEO Louise Lucas has an MBA from Monash University, a Graduate Diploma of Tertiary Education from The University of Melbourne, and a Diploma of Financial Services (Finance/Mortgage Broking). She has over 35 years of experience in finance and is an MFAA Accredited Mentor. Louise was also a member of the Victorian State Advisory Committee for the Mortgage and Finance Association of Australia (MFAA) until 2015. Our team holds Australian Credit Representative licenses and is fully accredited under Australian Credit License 389328.

What awards has The Property Education Company won?

We are a multi-award-winning mortgage broking firm. Our recent awards include: 2024 Australian Achiever Award National Winner for Finance & Insurance Services, 2022 Connective Excellence Award - Empowerment Award Victoria, 2019 Connective Excellence Award Winner, 2018 Australian Achiever Award, 2017 Better Business Award Winner for Best Customer Service, and 2016 MFAA National Residential Mortgage Broker of the Year. These awards recognize our commitment to exceptional customer service and client outcomes.

What is B1G1 and how does it relate to my home loan?

B1G1 (Business for Good) is a global giving initiative that we partner with to create positive social impact. Every time we help you with your financial goals and you settle a home loan, we make a difference by giving back in meaningful ways - supporting educational causes around the world. This means your home loan not only changes your life but also helps others through our charitable giving program.

Can you help first home buyers who don't yet meet lending criteria?

Yes! Unlike many brokers who won't see clients until they're loan-ready, we will always meet with you and talk through your situation. We help you understand what you need to prepare for a loan, assist you with saving your deposit, provide education on the process, and give you a clear roadmap to home ownership. We often 'hold clients' hands' for months or even years while they work towards their property goals, with regular check-ins to keep you on track.

Do you provide calculators to help me understand my borrowing capacity?

Yes, we offer several free online calculators on our website including: Borrowing Capacity Calculator, Refinance Feasibility Calculator, Loan Repayment Calculator, Stamp Duty Calculator, and Purchasing Power Calculator. These tools help you understand your financial position before you meet with us. We also offer a First Home Buyer ScoreApp Quiz to assess your readiness for purchasing your first home.

What types of loans can you help with?

We can assist with a wide range of home loans including: first home buyer loans, investment property loans, refinancing, home loan pre-approvals, construction loans, bridging finance, and personal loans. We specialize in both simple and complex lending situations, including complex business structures, self-employed borrowers, and multi-property portfolios.

Home Loan Blog

Understanding Credit Applications: How a Mortgage Broker Can Help

Applying for credit, especially for a mortgage, can feel complex. Factors such as lender requirements, the application process, and potential impacts on your credit profile can be difficult to navigate.A mortgage broker is your partner in the homeownership journey. Watch the video below to find out how we can help you course through the complex world of credit applications.

Understanding how the process works and speaking with a qualified professional may help you make more informed decisions.

A mortgage broker can assist by explaining different lender requirements and guiding you through the application process. Watch the video below to learn more about how this works.

Download the Transcript | Read the Disclaimer

Tips for Managing Credit Application Anxiety

Educate Yourself: Learn about the credit application process and your rights.
Build a Strong Credit History: Pay bills on time and maintain a low credit utilization ratio.
Gather Necessary Documents: Organize your financial information before starting the application.
Set Realistic Expectations: Understand that credit approval is not guaranteed.
Seek Support: Talk to friends, family, or a financial advisor about your concerns.

Are you ready to take the next step towards homeownership?

While credit applications can be stressful, understanding the process and working with a qualified mortgage broker can make a significant difference. By partnering with a trusted professional, you can increase your chances of approval and reduce your overall anxiety.

As always, if we can be of any assistance and you would like a one-on-one consultation for any loan type, please reach out and book a time with us here.

Talk soon,

Home Loan Blog

Understanding Credit Applications: How a Mortgage Broker Can Help

Tips for Managing Credit Application Anxiety

Are you ready to take the next step towards homeownership?

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