A Mortgage Broker helps you understand your borrowing options, compare suitable loans across a range of lenders and manage the loan application process through to settlement. At Prestige Home Loans, we also look at how your loan is structured with your broader property goals in mind.

Going directly to a bank generally means you're only seeing that bank's products and lending policies. A Mortgage Broker can compare options across multiple lenders to help identify which may be better suited to your circumstances and objectives.

In most residential lending scenarios, the lender pays the Mortgage Broker a commission when your loan settles, meaning there is generally no direct cost to you. If any broker fees apply to your situation, these will be disclosed and discussed with you upfront.

Ideally, before you start seriously looking at properties. Understanding your borrowing capacity, deposit requirements and lender options early can give you a much clearer idea of what you can comfortably purchase and help avoid surprises later in the process.

Your borrowing capacity depends on factors including your income, expenses, existing debts, dependants, credit limits and the lender assessing your application. Different lenders can also calculate borrowing capacity differently, which is why comparing lenders can make a significant difference.

Depending on your circumstances, there may be options available from a 2% deposit to a 20% deposit, including the use of various Government Schemes. Alternatively, there are no deposit options such as using a guarantor or accessing equity in another property that you own.

Absolutely. Lenders have different servicing calculations, policies and ways of assessing income, expenses and existing liabilities. This can result in significant differences in borrowing capacity between lenders for exactly the same applicant.

Yes. We work with investors ranging from those purchasing their first investment property through to clients financing established property portfolios. We can help assess borrowing capacity, available equity, lender options and loan structures with your future investment plans in mind.

Yes. We can review your existing lending and compare it against other options to determine whether refinancing may improve your interest rate, repayments, loan features or structure. Refinancing can also potentially be used to access equity or restructure existing debts.

Timeframes vary based on a number of factors; the lender required, the complexity of the financials or the deal structure, and the ability to get information and documents returned quickly. Generally once all information and documentation is returned, we will issue a loan proposal within 24 hours.