Commercial Loans

At WealthStreet Mortgage Brokers, we can assist with a wide range of lending needs. Whether you are buying your first home, purchasing an investment property, refinancing an existing loan, or looking to access equity in your current property, we are here to help. We also work with clients who are self-employed or have more complex financial situations, as well as those looking at construction loans or upgrading to a new home. Every client's situation is different, which is why we take a personalised approach to understanding what you need before we start looking at options. If you are not sure whether we can help with your specific situation, just give us a call and we will have a chat.

A mortgage broker acts as the go-between for you and a range of lenders, including banks, credit unions, and other financial institutions. Rather than you having to approach each lender individually, a mortgage broker does the legwork on your behalf. At WealthStreet Mortgage Brokers, we take the time to understand your financial situation, your goals, and what you are looking for in a home loan. We then search across our panel of lenders to find options that may suit your needs. We handle the paperwork, communicate with the lenders, and guide you through the entire process from start to finish. Our job is to make the whole experience as clear and straightforward as possible for you.

The timeline for getting a home loan approved and settled can vary quite a bit depending on the lender, the complexity of your application, and how quickly all the required documents are provided. Generally speaking, once we have submitted a complete application to a lender, formal approval can take anywhere from a few days to a few weeks. Settlement timelines are usually set by the contract of sale and can range from 30 to 90 days in most cases. At WealthStreet Mortgage Brokers, we work hard to keep things moving and keep you informed every step of the way. We will give you a realistic idea of timeframes once we understand your specific situation.

When applying for a home loan, lenders will generally ask for a range of documents to verify your identity, income, and financial position. This typically includes things like recent payslips, tax returns, bank statements, proof of your deposit or savings, and identification documents such as your passport or driver's licence. If you are self-employed, you may need to provide additional documents such as business tax returns or financial statements. The exact requirements can vary from lender to lender. At WealthStreet Mortgage Brokers, we will give you a clear checklist of what you need to gather before we submit your application, so you know exactly what to prepare.

The size of the deposit you need can vary depending on the lender and your individual circumstances. In Australia, many lenders typically look for a deposit of at least 20% of the property's purchase price to avoid paying Lenders Mortgage Insurance, which is commonly known as LMI. However, some lenders may consider applications with a smaller deposit, though LMI costs would generally apply in those cases. There are also government schemes available that may assist eligible first home buyers with lower deposits, such as the First Home Guarantee. At WealthStreet Mortgage Brokers, we will talk through your situation with you and help you understand what your options may look like based on your deposit and overall financial position.

A fixed rate home loan means your repayments stay the same for a set period of time, regardless of what happens to interest rates in the market. This can give you certainty around your budget during that fixed period. A variable rate home loan, on the other hand, means your repayments can go up or down in line with changes to the lender's interest rate, which is often influenced by the Reserve Bank of Australia's cash rate decisions. Some lenders also offer split loans, where part of your loan is fixed and part is variable. Each option has its own advantages and considerations depending on your personal circumstances. At WealthStreet Mortgage Brokers, we will explain how each option works so you can make an informed decision.

This is one of the most common questions we get, and it is a great one to ask. In most cases, mortgage brokers in Australia are paid a commission by the lender once your home loan settles. This means you typically do not pay us directly for our services. The commission we receive does not affect the amount you borrow or the repayments you make. We are required by law to act in your best interests at all times, which is part of the best interests duty that applies to all licensed mortgage brokers in Australia. We are always upfront and transparent about how we are paid, and we will explain this to you clearly before we get started.

Absolutely. While we are based in Sydney, NSW, we work with clients right across Australia. Thanks to technology and the ability to communicate online and over the phone, distance is not a barrier to getting the help you need. Whether you are in Melbourne, Brisbane, Perth, or a regional area, our team at WealthStreet Mortgage Brokers is well-equipped to assist you with your home loan needs. We are committed to providing the same level of personalised service and attention to every client, no matter where they are located. If you would like to get started, you can reach out to us by phone, email, or through our website and we will take it from there.

Having a less-than-perfect credit history does not automatically mean you cannot explore your home loan options. There are lenders in Australia who specialise in working with clients who have had credit issues such as defaults, late payments, or other financial difficulties in the past. At WealthStreet Mortgage Brokers, we take the time to understand your full financial picture, including any past credit issues, before we look at which lenders may be willing to consider your application. We will always be honest with you about what we find and what your options may look like. It is important to note that we cannot promise any particular outcome, but we will do our very best to explore what is available to you.

When you go directly to a bank, you are only seeing what that one lender has to offer. A mortgage broker like WealthStreet Mortgage Brokers has access to a panel of multiple lenders, which means we can look across a broader range of options on your behalf. We do the research, compare the options, and present you with what may suit your needs, saving you the time and effort of doing it all yourself. We also understand the lending criteria of different lenders, which means we can match your application to lenders who are more likely to consider your situation. Beyond that, we are on your side throughout the process, helping you understand your options and supporting you every step of the way.