Assessing Your Needs

The right loan depends on more than the lowest rate. It depends on what you’re trying to do, what you earn, what you owe, and where you want to be in three to five years. So before we recommend anything, we take the time to understand all of that.

Australian mortgage brokers are legally required to act in their clients’ best interests (the best interests duty), and a proper needs assessment is the foundation of it. Done properly, it also stops you ending up in a loan that suits today but gets in the way of your next move.

What we’ll talk about

Your goals

• Are you buying your first home, upgrading, investing, building or refinancing?
• Is this a long-term home, or might you rent it out or sell within a few years?
• Are you planning another purchase, a renovation, a baby or a career change?

Your income

• PAYG, self-employed, company director, contractor, or a combination?
• Overtime, bonuses, commissions, rental income or government payments?
• How stable is it, and is anything about to change?

Your current position

• Existing home loans, personal loans, car finance, HECS-HELP and credit cards (including limits you don’t use, as lenders count them)
• Savings, deposit source and any help from family
• Your credit history, including anything you’d rather we hear about from you first

What matters to you in a loan

• Fixed, variable or a split?
• Offset account or redraw?
• Making extra repayments, or keeping repayments as low as possible?
• Interest-only for an investment property?
• How much you’re comfortable repaying each month, which may be less than a lender will approve

What happens next

1. We gather your documents. We’ll send you a clear checklist, with no hunting for things you don’t need.
2. We assess your borrowing power across several lenders, not just one. Each lender calculates it differently.
3. We compare suitable loans and explain why we’re recommending a particular lender and product. See how we compare loans →
4. You decide. Nothing is lodged until you’re comfortable with the recommendation.
5. We manage the application through approval and settlement, and keep you updated at every step.

“He keeps you informed along the way and provides all options for you to consider before making final decisions.”
Dali J., Google review

How long does it take?

Your first conversation usually takes 30–45 minutes, by phone, video or in person at our Benowa office. If your documents are ready, we can often give you an indication of your borrowing power within a day or two.

Book your assessment

Call (07) 5538 8334 or book a time with Joe.

General information only. It does not take into account your objectives, financial situation or needs. Lending criteria, fees and charges apply, and all loans are subject to lender approval. Fast Funding (Australian Credit Representative Number 397509) is a Corporate Representative of BLSSA Pty Ltd (Australian Credit Licence 391237).