A mortgage broker (like me) acts as the middleman between you and the lenders/banks. We work for you but get paid by the lender or bank of your choosing. That means they help you choose the right loan to suit your needs at no cost to you.
At Snaploan Mortgage, our service comes at no cost to you. We’re paid by the lender once your loan settles, so you can access expert support without paying out of pocket.
A fixed rate stays the same for a set period, giving you consistent repayments. A variable rate can change with the market, which means your repayments may go up or down. We’ll help you decide which option suits your goals and budget.
Approval times can vary between lenders. Generally, pre-approval can take a few days, while full approval may take one to two weeks once all documents are provided. We handle the process and keep you updated every step of the way.
There are many grants available for those seeking a home loan, especially first-home buyers, and the options vary from state to state. These include the Australian Government's 5% Deposit Scheme for low deposit, no LMI loans, the First Home Super Saver Scheme, and the Australian Government's Help to Buy Scheme.
The great news is that using a mortgage broker is zero cost and obligation-free. So we can help you sort through the available grants, match the right ones to your situation and help maximise your savings or borrowing power. To find out what grants you are eligible for, get in touch.