A mortgage broker connects borrowers with lenders, offering a range of loan options. They negotiate loan terms, interest rates, and guide you through the application process, helping you find the best deal for your situation.

Mortgage brokers have access to multiple lenders and can offer a wider range of loan products, often securing better interest rates and terms. They save you time and effort by handling negotiations and paperwork.

Mortgage brokers typically receive a commission from lenders once the loan is settled. This means using a broker doesn't cost you extra and may even save you money by finding the best mortgage options.

Yes, mortgage brokers can assist with refinancing, helping you find better interest rates, lower monthly payments, or consolidating debts to reduce overall costs.

You will need proof of identity, recent pay slips, tax returns, bank statements, and information about any current debts and assets to apply for a home loan.

The amount you can borrow depends on your income, credit score, existing debts, and your overall financial situation. A mortgage broker can help assess your borrowing capacity.

You can choose from fixed-rate, variable-rate, interest-only, or split loans. Each loan type has pros and cons, and a mortgage broker can help determine which option is best for you.

Pre-approval gives you an estimate of how much you can borrow, while full approval happens after a lender thoroughly reviews your finances and finalizes your loan.

The process can take between 2 to 6 weeks, depending on the complexity of your financial situation and the lender's requirements.

Yes, although your options may be more limited. A mortgage broker can connect you with lenders that specialize in working with clients who have lower credit scores.

An interest-only loan allows you to pay just the interest for a set period, lowering initial payments. However, the loan principal remains the same until you begin paying it off.

Refinancing can lower your interest rate, shorten your loan term, or allow you to switch to a more favorable loan type. This reduces monthly payments and the total interest paid over the life of the loan.

Yes, you can use your Self-Managed Super Fund (SMSF) to purchase property, but the process is complex. A mortgage broker can guide you through SMSF lending to ensure everything aligns with regulations.

Expect to pay application fees, valuation fees, possible lender's mortgage insurance (LMI), and government charges like stamp duty. A broker will help you understand all associated costs.

Typically, you'll need a 10-20% deposit. Low-deposit loans may be available, but you may have to pay Lender's Mortgage Insurance (LMI) if your deposit is less than 20%.