Usually up to 90% of the people benefitting from the services of Melbourne mortgages are liable to pay no fees. Where nothing on this planet is available free of cost, this is a wonderful chance to utilize. You just have to dial our helpline and acquire a very reasonable home loan for your new home. There are some cases in which we charge fees and these are some conventions by which our fees differ.
Rejected Loans
You need not worry about our fees if your loan fails to be approved by us or by the lenders due to some reason. On the other hand, if you do not inform us about bad credit history or bankruptcy, there is a fee we will charge. Therefore we always want our customers to be truthful to us about their financial information, and trust us completely. We are always there to help you and hiding some useful information will normally lead to rejection of your loan. Any forgery or invalid documents will lead to severe problems and might cause you legal trouble.
Withdrawal of application
As you complete the application procedure and sign all the formalities, then it creates an agreement between us. If you do not want to continue our services, then there is a fee charged of $300.
Employ some one else as your broker or lender
As we make sure that mortgage broker Melbourne maintains its excellence and perfection, so our terms and conditions do not allow us to work alongside other broker agencies. We advise against employing other broker agencies and lenders after our applications have been filled by the customers. This practise will cost the customer a fee of $300. We restrict to this rule strictly because it is in the customer’s own interest. Having multiple lenders and brokers might damage the credit account and get the loan rejected.
Giving inaccurate information about credit
Customers applying for loan using our services are requested to report to us any court cases filed against them or some payments due on them so that we can arrange loan in these conditions. Keeping from us any such crucial information will result in charging a fee of $300. If you have problems with the credit account, our brokers will help you out and carry out a free credit check.
Loan less than a set amount
A loan request of less than 0.2 million dollars from Melbourne mortgage brokers has an added fee of $300 to pull through the costs as lenders give low amount for loans under 0.2 million. Loans under $150,000 and between $150,000 to $199,000 charge fee of $2500 and $1500 respectively. This fee is to be paid after the approval of loan.
Loan settlement in less than 3 years
Loans that can be paid in 18 months or under are charged some extra fee as lenders are unable to make much profit out of it and they charge us this fee.
