Ask your mortgage broker these questions

Here is a list of questions we have put together that property investors should ask a mortgage broker, when seeking their next property loan:


·        What type of loan suits my circumstances and my property portfolio

·        How many lenders do you have on your lending panel?

·        Who is on your lending panel?

·        What are the fees on the loan?

·        Are their fees for additional payments on the loan?

·        Is there a cap on how many extra payments I can make per year?

·        How long will it take for my application to be approved?

·        What documents do I need to provide to make the application faster?

·        Can I fix my interest rate from now until settlement?

·        Are you a member of the Mortgage Finance Association of Australia or Finance Brokers Association of Australia?

·        Do you have your own Credit Licence or are you a Credit Represenative

·        Do you charge a brokerage fee?

·        What impact will my credit card limits have on my borrowing capacity?

·        What is a comparison rate?

·        What features will be included in the new loan?

·        Can I fix my interest rate at a later stage?

Need a property loan?

Contact us @ propertyloans@realrenta.com and we will arrange for our trusted broker to contact you for a no-obligation discussion.



Marlene Liontis
Monday, 20 January 2020

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