mortgage broking in Epping

Residential lending costs you nothing, because the lender pays our commission when the loan settles rather than you paying us. That covers purchases, refinances, construction loans and the scheme paperwork that goes with a first home purchase. Assessing your borrowing capacity and arranging a pre-approval are free whether or not you go ahead. Fees apply only to commercial and complex business facilities, and in those cases the amount is agreed with you in writing before any work starts.

There may well be. A number of lenders offer lenders mortgage insurance waivers to specified professions, allowing eligible borrowers to borrow up to 85 or in some cases 90 per cent of the property value without paying the insurance premium, which on a typical purchase saves a genuinely significant sum. The eligible profession lists vary between lenders and have been expanding beyond the traditional medical and legal categories, with several lenders now including registered nurses, midwives and various allied health roles, sometimes subject to a minimum income. It is worth checking rather than assuming. Separately, hospital shift and penalty loadings are treated differently by different lenders, which affects your borrowing capacity independently of the waiver.

Substantially, yes. Established Epping south of Cooper Street is a normal purchase against a completed home, settling in one step with a conventional valuation. Epping North, through the Aurora and Lyndarum estates, is largely house-and-land, meaning the land settles first and the build is funded through progressive drawdowns against a fixed-price contract, with an on-completion valuation that can land below your land-plus-build cost in an estate where a lot of similar homes finish at once. The products are different, the timelines are different and the risks are different. Tell us which side of Cooper Street you are looking at and the conversation changes accordingly.

We will not put a dollar figure on that, because any saving depends entirely on your circumstances and on what your own bank would have offered, and a made-up number would be misleading. What we can say concretely is what a broker changes: the lender is chosen on whose credit policy fits your income rather than on which branch you walked into, and for shift-based hospital income or a self-employed household that difference frequently shows up as tens of thousands of dollars of borrowing capacity rather than as a rate. Where the benefit is a professional lenders mortgage insurance waiver, the avoided premium is a real and quantifiable amount that we can calculate for your specific purchase.

All of them, together with Thomastown and Craigieburn to the west. Wollert sits in the same new-estate construction pattern as Epping North, while Lalor, Thomastown and Mill Park are established suburbs where refinancing and [investment lending](/investment-loans) make up most of the work. The relevant boundary here is City of Whittlesea for council matters, though lenders and government schemes work on postcode rather than council area. Call 0468 841 850 with the address and we will confirm.

They average it, but over what period and with what proportion counted varies by lender. Most will want at least six months and often twelve in the role, will average your shift and penalty loadings across that period, and will then count somewhere between 80 and 100 per cent of the averaged figure. Permanent hospital employment with contractual penalty rates is generally viewed more favourably than casual agency shifts, though several lenders take a workable view of agency nursing where the history is consistent. Bring twelve months of payslips rather than two, because the longer record almost always produces a better assessment.