General Questions

Mortgage Brokers do the work for you, saving you time and energy. They will take the time to get to know your financial goals and current situation ensuring that you will be paired with a mortgage not only at the lowest cost but with the best features for you.

Please see our calculators tab. To find out how much you can borrow using our ‘Borrowing Power Calculator’. Or Follow the link  http://fundingforce.com.au/calculators/borrowing-power-calculator/

Depending on how busy the lender is, it can take as little as 2 weeks or as long as 60 days. We will follow your loan closely and communicate with the lenders to avoid any delays and ensure your application smooth, stress-free process.

Majority of the lenders require a 5% deposit, although this may not be enough to secure the mortgage as other costs will apply. With a down payment of less than 20% Lenders Mortgage Insurance (LMI) will apply, which is an extra cost to you. Payment required can also depend on your current situation and financials, and what type of loan you are going for, the lender may request a lower LVR for security reasons.

Lenders require ID, proof of income and assets, Savings Account statements, bank statements, tax returns and recent pay slips. More documents may be requested by the lender depending on the application or lender.

As of the 1st of July 2017, Stamp Duty for First Home Buyers has been abolished from contracts with a dutiable value of no more than $600,000.00. This only applies to Contracts entered into from 1st July 2017. For more information visit http://www.sro.vic.gov.au/news/changes-first-home-owner-grant-and-stamp-duty (For Victorian Properties), although registration charges for the property still apply.

For all other states please visit your appropriate state revenue site.