Mortgage Broking in Moonee Ponds

Standard residential lending costs you nothing, since the lender pays our commission when the loan settles rather than you paying us directly. That covers purchases, refinances, investment lending and bridging finance. Working out your borrowing capacity, checking whether a specific apartment building is acceptable to lenders, and arranging a pre-approval are all free regardless of whether you proceed. Fees apply only on commercial and complex business facilities, disclosed in writing before any work begins.

That needs checking before you sign, and it is the most useful thing we do in this suburb. Many lenders apply a minimum internal living area, commonly around 40 to 50 square metres excluding balcony and car space, below which they will decline the security outright or require a substantially larger deposit. Separately, most lenders operate postcode-level exposure caps limiting how much high-density lending they will hold in a given area, and parts of Moonee Ponds sit close to those thresholds. Serviced apartments, student accommodation and buildings with a high proportion of investor owners attract further restrictions. Send us the address and floor plan and we will confirm which lenders will fund it.

Through a bridging loan, which funds the new purchase while your existing home is still on the market. The lender calculates a peak debt covering both properties, which reduces to the end debt once your sale settles, and interest during the bridging period is usually capitalised rather than paid monthly. Most lenders allow six to twelve months for the sale and will assess whether you could service the peak debt if it took longer, which is the real test rather than the sale price you expect. Bridging is not offered by every lender and the terms vary considerably, so the choice of lender at the outset matters more here than in most transactions.

It depends on the loan term and your exit strategy rather than on your age directly. Lenders are required to consider whether you can repay the loan without undue hardship, and where the term extends past your expected retirement they will ask how it will be repaid. A documented exit strategy, such as downsizing, superannuation, or the sale of an investment property, is usually what makes these applications work, and lenders differ in how readily they accept each. A shorter loan term also helps. Bring your super statements and a clear plan, and we will match it to a lender whose policy accommodates it.

Yes, along with Essendon, Travancore, Flemington and Brunswick West. These suburbs share Moonee Ponds' mix of period housing and newer high-density development, and the same apartment size and postcode considerations apply across most of them. The practical variable is not which suburb but which building, since lender policy on high-density security is address-specific rather than suburb-wide. Call 0485 011 020 with the address and we will check it against current lender policy before you commit.

Frequently, yes, provided it is raised quickly. If the issue is a low valuation, moving the file to a lender using a different valuer is a legitimate and often successful step. If the issue is the security itself, meaning the internal area falls below a lender's minimum or the building breaches their postcode exposure cap, a different lender with different thresholds is usually the answer rather than a different valuer. What cannot be fixed easily is a contract signed without a finance condition, so the sequence matters enormously. Contact us the day it happens rather than at the end of the finance clause.