A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Banks and other lending institutions continue to sell their own products. As markets for mortgages have become more competitive and borrowers become more discerning the role of the mortgage broker has become more popular.

The mortgage application process is a complicated aspect of the home buying or refinance process, especially for those without past experience. This is where mortgage brokers (such as myself) come in. I will advise you of what you need for your particular situation. Once I have an understanding of your objectives and financial position, we can discuss the various loan products available. I will also provide you with product comparisons and inform you of proposed mortgage repayments.

The bank will typically need to confirm your income/your deposit position/your living expenses/current and past credit repayment history. When they have all this information they make an informed decision if you qualify for al loan and what your borrowing potential is.

This will be different for every individual borrower but typically it will be:

1. Your 100 point identification.

2. Your payslips if you are PAYG.

3. Our recent tax returns if you are self employed.

4. Confirmation of all existing rents received.

5. Confirmation of current loan repayment history.

6. Confirmation of your deposit position.