To Which Lenders Can Smartline Rockingham Provide Access?
Currently, we provide credit products from a balanced cross-section of Australia’s most accomplished and prolific home lenders.
How Much Will Lenders Allow Me to Borrow?
To make a long story short, the answer to this question is dependent on your income and your “outgoings.” You will need to provide us with some basic information and one of our Smartline Rockingham mortgage brokers will give you a very close estimate of what you can borrow.
How Does Smartline Rockingham Provide Me with the Right Loan for My Needs and Resources?
Your Smartline Rockingham mortgage adviser uses our proprietary software to help compare the credit products of as many as 29 different lenders. The process is quick and easy and the mortgage adviser will be able to tell you the details of each loan available. Then, you will work together to decide which credit product is the right home loan for you.
Basically, we explain everything about the loan in understandable language and tell you how much your repayments will be.
Basically, we explain everything about the loan in understandable language and tell you how much your repayments will be.
Who Does All of the Paperwork?
Your Smartline Rockingham Mortgage Adviser will help you fill out the loan application form. Then, we put the form and your supporting documentation in a professional package and send it to the lender. This often happens electronically, which is a huge timesaver.
In addition, our Smartline software has the individual criteria of each lender programmed into it so that we can only send your application to lenders who view your criteria most favourably.
In addition, our Smartline software has the individual criteria of each lender programmed into it so that we can only send your application to lenders who view your criteria most favourably.
Who Has to Chase the Lender?
One of the greatest things of using a Smartline Rockingham Mortgage Broker is that we do all of the talking for you. We talk to the lender on your behalf throughout the entire process, all the way to when the loan settles. We will guide you through the process and answer any questions you may have. If the lender needs to be chased up, we do it for you.
How Qualified is My Smartline Rockingham Mortgage Adviser?
Every Smartline Rockingham Adviser is a mortgage professional who has been fully trained and is fully qualified. Some of the requirements include:
- Complete our Smartline Induction Training in customer service and technical areas and continue with ongoing training.
- Meet our strenuous standards for service at all times.
- Maintain their MFAA accreditation.
- Maintain a professional indemnity insurance policy.
- Completed a Diploma of Financial Services (Finance/Mortgage Broking Management
What Do You Do with My Personal Information?
At Smartline Rockingham, we value your privacy as much as you do. We never sell or divulge your information. We only use it for the purposes you hire us to use it for.
- More about how to find the right loan
- Learn more about using a mortgage broker
- Try one of our loan calculators
- Talk to a Smartline Rockingham Mortgage Adviser and save time and money
Can I Change My Mind?
Most lenders allow you to change your mind during the loan process. Some banks will charge you a fee if the loan process has gone too far. If you have a pre-approval, you can certainly change your mind at any stage.
How much will it cost me to use a Mortgage Broker?
Our services are completely FREE. We get paid a commission by the bank without affecting your rate or fees with the bank.
Refinancing your Home Loan
Refinancing your home loan to a cheaper rate or a longer term can be of benefit to you. You must always make sure the positives out way the negatives when refinancing or consolidating your debts. Your mortgage broker can certainly compare the different options for you and look at the costs of refinancing. There can be headaches moving banks but a mortgage broker will guide you through the process from start to finish, taking away the stress.
When should I Get Approval for a Home Loan?
If you are thinking about buying or building a house, this is the perfect time to obtain pre-approval finance. There is nothing worse than going out and finding your dream home and then to find out that you can’t get finance for it.
How Long Do Home Loan Approvals Take?
Unconditional approvals can take anywhere between 2 and 4 weeks. We highly recommend when putting an offer on a property, you ask for a minimum of 21 days for finance from acceptance date. Don’t forget that once your offer to purchase a house has been accepted, you must call your mortgage broker to start the process ASAP. Better still you can arrange a Pre-Approval prior to looking for a property to ensure any issues can be addressed up front.
How to Get a Home Loan while Having a Credit Default
Since the Global Financial Crisis (GFC), it has become harder and harder to obtain finance when you have a credit default. Banks will look at your application on a case by case basis. It is very important that you be completely upfront with your mortgage broker and tell them everything. They should be able to help point you in the right direction.
Can I get a loan with Irregular Income?
Banks will look at your situation on a case by case basis. It will depend on a number of things. For example time in job, equity/deposit, credit record etc. If these things stack up well, then you have a very good chance of obtaining finance.
Who Sets Home Loan Interest Rates?
The banks themselves decide what rates they will offer. The Reserve Bank controls what rates they will charge the banks. Generally if the Reserve Bank puts rates up, the banks will increase theirs. When the Reserve Bank puts their rate down, there is no guarantee that the banks will reduce their rates.