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Frequently Asked Questions

What does a mortgage broker do?

Mortgage brokers are professionals who work on your behalf, to help you navigate the finance application process. They help you determine:

  • your borrowing needs
  • how much you can borrow, and
  • which lender is the most suitable for your circumstances.

Now nearly 70% of all loans are written through mortgage brokers as they better serve your needs.

Here’s why…

If you go directly to the bank, you will only be offered the loan options available through that one lender. As your mortgage broker, we work across many lenders (over 40) and all of their loan products because our sole purpose is to find the right loan for your needs.

Do you charge fees for home and investment loans?

Here at The Property Education Company, we do not usually charge for assisting you with any loans. However, on occasion, we might ask you to pay a fee in exchange for our assistance with loans for which the lender does not pay us for our efforts.

It is worth noting that when you take out a loan via a Mortgage Broker, it does not cost you any more, and sometimes less, than going to a bank directly. Brokers get paid commission by the bank for bringing new business to them and continuing to look after clients for the bank.

How much can I borrow?

Your borrowing capacity is determined by two factors that lenders review:

1. Your servicing capacity and

2. Your security or how much cash or equity from another property do you have to put towards the deal.

Both must be comprehensively assessed by a mortgage broking expert so you can be sure before you buy.  That’s what we do best.  Get started here: What’s my borrowing capacity?
Note:  Most “Pre-Approvals” are not worth the paper they are written on and always read the fine print.

I am not in your area, can we still work together?

Yes, we currently work with clients all over Australia from Darwin to Townsville, Sydney, and all over Victoria! We can meet in person or on Zoom. Just contact us to arrange a time. Also, we happily meet out of hours on weekends or in the evenings but always in our offices.

Which lenders do you deal with?

We are accredited to access over 40 lenders. These include ANZ, CBA, NAB, Westpac, Bank of Melbourne, BankWest, ING, Macquarie, and many other second-tier lenders and credit unions.
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