{"id":1400,"date":"2017-03-14T16:11:38","date_gmt":"2017-03-14T16:11:38","guid":{"rendered":"https:\/\/www.finances4u.com.au\/?page_id=1400"},"modified":"2017-04-24T09:47:18","modified_gmt":"2017-04-24T09:47:18","slug":"faq","status":"publish","type":"page","link":"https:\/\/www.finances4u.com.au\/resource-centre\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"<p>[vc_row][vc_column][vc_tta_accordion][vc_tta_section title=&#8221;What is a mortgage broker?&#8221; tab_id=&#8221;1489549155623-1b4a4bdf-883c&#8221;][vc_column_text]<\/p>\n<div class=\"sm_accordion_section group\">\n<div id=\"ui-id-2\" class=\"sm_accordion_content ui-accordion-content vc_clearfix ui-helper-reset ui-widget-content ui-corner-bottom ui-accordion-content-active\">\n<div class=\"sm_column_text sm_content_element \">\n<div class=\"sm_wrapper\">\n<p>Choosing and applying for a home loan can be complicated and involves lots of back and forth with different lenders, so a North Brisbane <a href=\"https:\/\/www.moneysmart.gov.au\/borrowing-and-credit\/home-loans\/using-a-broker\">Mortgage Broker<\/a> will save you the time by doing this on your behalf and providing the expertise to navigate the banks.\u00a0They\u00a0work for you and do the leg on your behalf, acting\u00a0as\u00a0the intermediary between you, and the bank or lender who provides the home loan.<\/p>\n<p>A North Brisbane Mortgage Broker will ask you about your plans to buy now and your future goals such as buying an investment property. They will gather\u00a0an\u00a0understanding of your current financial situation (like income and debts), then use specialised software and their finance industry expertise to narrow down the most suitable loan products tailored to your individual needs.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Why use a mortgage broker?&#8221; tab_id=&#8221;1489549155649-8ccfb602-30d8&#8243;][vc_column_text]More than 51% of home loans in 2015 were done through a Mortgage Broker and this figure continues to increase.\u00a0The main reasons for using a North Brisbane Mortgage Broker:<\/p>\n<p><strong>You get\u00a0access to hundreds of different loans from over 25\u00a0different lenders and banks<\/strong><\/p>\n<p>This includes the majors like CBA, Westpac, ANZ as well as smaller ones you may not have heard of who often have good deals<b>.<\/b><\/p>\n<p><strong>Manage more of the paperwork than a bank does<\/strong><\/p>\n<p>It\u2019s no secret you\u2019ll need to provide lots of paperwork to get a home loan and a good North Brisbane Mortgage Broker does the majority of this on your behalf, making the process simplified and hassle-free.<\/p>\n<p><strong>Provide expert, unbiased home loan advice<\/strong><\/p>\n<p>A reputable North Brisbane Mortgage Broker will work out which lender is the best fit for you and assist all the way through to setting your loan up. Good brokers will also have plenty of experience dealing with real estate agents and builders so can advise on this throughout your home ownership journey.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;How do mortgage brokers get paid?&#8221; tab_id=&#8221;1489593802156-93375e13-5a61&#8243;][vc_column_text]Most of the time, it will cost you nothing to use a mortgage broker.<\/p>\n<p>This is because <a href=\"https:\/\/www.moneysmart.gov.au\/borrowing-and-credit\/home-loans\/using-a-broker\">Mortgage Brokers are paid<\/a> by your lender once your loan has settled (ie. when you pick up the keys). The payment is not out of your pocket.<\/p>\n<p><strong>Mortgage Brokers typically get paid in two ways:<\/strong><\/p>\n<ul>\n<li>Upfront commission when your home loan settles; and<\/li>\n<li>Trail commission for every year you hold your loan with them<\/li>\n<\/ul>\n<p>If your situation is really complex, for example\u00a0a self managed super fund or you have multiple loans and properties in the one transaction, a fee may apply due to the time investment required to get your deal\u00a0approved.<\/p>\n<p>It\u2019s increasingly common for Mortgage Brokers to charge a fee if they have spent significant time working to get your loan approved but you decide to go with another bank or broker at the last minute.\u00a0Make sure to\u00a0confirm this upfront before you commit to a\u00a0broker or get the process started with one.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;How do I get started with Finances 4U?&#8221; tab_id=&#8221;1489594332014-629986fc-e32d&#8221;][vc_column_text]<a href=\"\/contact-us\/\">Get in contact<\/a> for an immediate chat over the phone with one of the Finances 4U team\u00a0to get the process started. This is an opportunity for you to ask any burning questions you may have and get a feel for us.<\/p>\n<p>One of our\u00a0experienced North Brisbane Mortgage Brokers will also ask you some questions about your personal and financial situation, such as what you plan to buy, your employment and savings.<\/p>\n<p>From here the next step is to arrange a meeting\u00a0with one of our North Brisbane finance brokers. This is where we can talk more about the property, and give you\u00a0further guidance if necessary, including helping you with budgeting plans, providing property reports etc. If we find you&#8217;re ready, we can get the\u00a0loan process started immediately.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;How long will it take me to get my loan approved?&#8221; tab_id=&#8221;1489594448899-3827de4f-9330&#8243;][vc_column_text]This can take anywhere from 2 days to 3 weeks. Once we have your paperwork, such as bank statements and payslips, we can have your loan submitted the next day. It then depends on the bank queues and any other complexities we come across.<\/p>\n<p>Rest assured though, we speak to the lenders daily on your behalf to push your application along as quickly as possible.[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_tta_accordion][vc_tta_section title=&#8221;What is a mortgage broker?&#8221; tab_id=&#8221;1489549155623-1b4a4bdf-883c&#8221;][vc_column_text] Choosing and applying for a home loan can be complicated and involves lots of back and forth with different lenders, so a North Brisbane Mortgage Broker will save you the time by doing this on your behalf and providing the expertise to navigate the banks.\u00a0They\u00a0work for you and<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":1377,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FAQ | North Brisbane Mortgage Broker | Finances 4U<\/title>\n<meta name=\"description\" content=\"Key information and frequently asked questions provide by your leading North Brisbane Mortgage Broker.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finances4u.com.au\/resource-centre\/faq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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