This could be a fixed-rate home loan, Variable , Principle and Interest or Interest only loan, Full Doc. Low doc , Lease Doc or another type, depending on factors such as your credit score, down payment amount, and financial goals.

The loan term, such as 15 years or 30 years, will be determined based on your preference and financial objectives. Shorter terms typically have higher monthly payments but lower overall interest costs, while longer terms may have lower monthly payments but higher total interest paid over the life of the loan.

The interest rate will depend on current market conditions, your credit score, and the type of loan. Your mortgage broker will help you secure a competitive interest rate that aligns with your financial goals.

The down payment amount will be determined based on the loan type and your financial capacity. Your mortgage broker will guide you on the required down payment and any potential benefits of making a larger down payment.

Following the strategy session, you'll move forward with the pre-approval process. This involves submitting necessary documentation to the lender to verify your financial information. Once pre-approved, you'll have a clearer picture of your borrowing capacity.

We will provide an estimate of closing costs, which may include Lending Mortgage Insurance (LMI), Stamp duty fees, transfer cost, and other expenses. You can discuss whether these costs will be paid upfront or rolled into the loan.

Depending on the lender and loan product, there may be additional features or flexibility. For example, some loans may allow for fortnightly payments or early repayment without penalties.

We will outline the timeline for the loan process, including milestones such as the Pre-approval process, Unconditional Approval and Settlement.