FAQ

Yes, usually we do because lenders don’t usually advertise their best interest rates. As mortgage brokers we save you time and hassle of shopping around for a home loan. Because we’re experienced mortgage specialists we have access to knowledge about deals and rates that the average home buyer doesn’t and so we may be able to save you money at your own existing lender or at one of the many other lenders on our panel. If your finances are a bit tricky or your credit history isn’t great our strategies may help you save thousands.

This depends on many factors such us your personal circumstances, your (combined) income, the amount of your savings that you are contributing to purchase, subject to your monthly living costs, any ongoing current liabilities such as credit card limits, personal or car loans etc. Best to get in touch and we’ll help you.

Each loan and application process is unique, so there’s no set limit on the time it takes. But if you’re in a hurry, talk to us so that we can meet your needs. The loan approval process depends on many variables such as the borrower, the lender and the type of loan. We would recommend that you allow 3 weeks for finance and 3 weeks for settlement. If for example you are FIFO and away for 4 weeks at a time, best talk to Everfirst first.

At the present moment most lenders will lend you up to 90 or 95% Loan to Valuation Ratio (LVR), which means only 90% or 95% of the purchase price of the property. That means that your deposit may need to be 10% or 5% plus costs and possibly plus LMI. Your ability to get a loan with a particular LVR depends on your income, level of savings and credit history. Best get in touch and we’ll help you.

LMI is insurance to protect the lender and is paid for by the borrower. Lenders prefer to lend to borrowers when they have can provide a 20% deposit. Depending on your situation, you may need to pay LMI when applying for a home loan if you have a deposit less than 20%. Having access to LMI means that even with a small deposit, you have the potential to purchase your home sooner. There may be other options. Best get in touch and we’ll explore a variety of options.

You will need to have documents supporting your current financial position, proof of income, personal identification and a snapshot of your current asset and liability position. See application checklist for more information.

This is a very good question. There are many variables to consider. Most people have two main goals when selling and buying and that is to get the highest price possible for their current house and to buy a new house as cheaply as possible. Whereas upgrading your home is an exciting time, juggling the sale of your existing home and the purchase of a new property can be tricky and it’s often hard to know whether to sell or buy first. Property market movements can further complicate things. Best contact Everfirst and let us guide you through the process that works for you.

Simply provide us some details on you and your property. We can then arrange a free Property Valuation Report at no cost to you.

This is another good question. It may depend on what happened, and when and why the default happened. There are lenders that assist with many different finance solutions for borrowers with impaired credit. It may depend on your current income, ability to repay the loan, deposit amount and the location of the property. Ask us how we can help.

Yes. Department of Mines, Industry Regulation and Safety (WA) recommend that you do. The main task of a settlement agent is to transfer ownership of a property. This task has many components, which differ depending on your circumstances and whether you are buying or selling.

We are pleased to offer most of our services at no charge to you because as licensed brokers we are paid by the banks to work on their behalf. These charges are already part of the bank’s loan cost structure. Where the bank does not pay us, in some cases, we may need to charge a credit advice fee. If, and only if that would be applicable, we will be upfront with you about any potential fees or charges before we start.