Beyond Broking mortgage brokers are experts in residential and commercial property loans. Lending is all we do! We organise your finances and provide professional advice to match your needs with a suitable lending solution.
We talk to the lenders for you, negotiate better deals than what’s being offered, do all the paperwork and help you avoid taking out a loan you might later regret.
We save you hours of time, as for us, it’s about knowing the industry, planning a better mortgage for you, and regularly monitoring your loans in the proceeding years to ensure they still align with your lifestyle and current market condition. Best of all the bank pays us so you don’t have to.
Generally the banks and lenders ask for the following items however when we first talk to you, we’ll ask you to provide these items and maybe a few other things to ensure our first meeting gets your application started promptly:
Proof of income (pay slips and bank statements)
A deposit backed by a proven savings history
A good credit history (we can still help if you don’t)
Most lenders ask for 5% of the property value as a deposit but you need to factor in purchase costs like stamp duty, conveyancing and the impacts of lenders mortgage insurance (LMI). In general, the more you have saved, the more options you have and the easier the approval process becomes. If you don’t have 5% we do have lower deposit options available.
You can use our [borrowing power calculator] to give you an approximate idea, however we will thoroughly assess your situation and confirm exactly how much you can loan for your home after our first meeting.
Generally speaking, the more money you earn and the less debt you have, the more your capacity to borrow will be. Each lender will be different.