How long does a loan usually take for approval?

Given the circumstances and different types of property purchases, each matter can vary, can’t quote an exact time frame, but the majority of loans are approved within approximately 14 days. 

How much does it cost?

No charge to clients. 

What will I need to apply for a loan?

Depending on the type of loan and property purchase, the information you will need to produce generally is:-

• Evidence of employment/income.
• Residential history last 3 years.
• Savings and loans history.
• Your identification e.g. current driver licence.
• Personal information e.g. email addresses, phone numbers.

Why should I use a Mortgage Broker (Gladstone Home Loans)?

• Takes the stress out of applying for a home loan.
• Get a better deal from Lenders and a choice of lenders.
• Independent advice.
• Quality of service (41 years’ experience).
• More conveniently located.
• Hands on personal service and after hours appointments.
• Benefit of a second opinion.

What is lenders mortgage insurance?

Lenders Mortgage Insurance (LMI) is an insurance that insures the lender in the event of incurring a loss on your loan. It is a once off premium calculated on the amount of the loan and the loan to valuation ratio. In most cases this premium is added to your loan so you do not have to pay it in cash up front.

If I have bad credit how can you help?

No problem. We have specialist Lenders with competitive interest rates which cater for this situation.

Do we do appointments outside of normal working hours?

Of course! 

How much can I borrow?

It is governed by your level of income/s, number of dependants, age, and existing and ongoing loan commitments. Assessed at loan interview.

How much deposit will I need?

Generally 5%.