Yes, depending on your visa a work status.

Yes

We help assess all of the loans available from over 50 different lenders. A bank is restricted to offering you one product range only.

No. This is a fallacy. For a standard residential home or investment loans, the difference between the lenders’ commission rates is very small. We are much more interested in making sure you are happy with the loan product chosen so that you refer your family and friends to us.

The loan approval process does vary depending on the lender and lending product selected. You can expect to have your loan approved anywhere from one to four weeks often more for complex scenarios.

There are a number of lenders who specialise in providing credit to individuals who have an impaired credit history. These types of loans are referred to as non-conforming loans. Within Blackburne Mortgage Broking’s lending panel, there are a number of lending institutions who specialise in these types of loans.

Mortgage broking is a major part of the Australian home loan marketplace and almost 60% of all home loans are placed using a mortgage broker. There are hundreds of mortgage brokers to choose from, but there are a number of key criteria you should check before using a broker.

Your broker should:

• Be a member of a recognised industry body such as the Mortgage and Finance Association of Australia (MFAA).
• Have access to at least 30 different lenders which includes the major banks and a good range of other lenders;
• Use sophisticated software that will compare your needs against the lending products on their lender panel;
• Provide their service to you at no cost and are happy to disclose the commissions they receive from the lenders;
• Receive constant ongoing professional development;
• Have Professional Indemnity Insurance.