Mortgage Broker FAQ's
DO I HAVE TO PAY JIM'S HOME LOANS?
No. Our work for you is free. The lenders pay us a referral fee.
WHAT DOES A MORTGAGE BROKER DO?
A mortgage broker helps you navigate the huge number of different financial products available, helping you choose the best one for your circumstances. Because they know exactly how the process works, they are very well placed to help you find the best available mortgage deal. It is a mortgage broker’s job to put your case to the various lenders so you can get the right deal to fit your circumstances and goals.
HOW DO I APPLY FOR A HOME LOAN?
Applying for a home loan can be a frustrating and time-consuming process, with seemingly endless hoops to jump through. That is where a mortgage broker comes in. We complete the application process, fill out all the forms and make sure all the requirements are met. This gives you a much better chance of having your loan approved.
WHAT IS A PRE-APPROVAL?
Pre-approval is simply a way of assessing your financial circumstances to give you an idea of the maximum amount you can borrow. Going through pre-approval shows that you’re serious and also means you can be comfortable knowing that the lender is more likely to approve your loan.
ARE YOU OWNED BY A BANK?
Some of the mortgage brokering services in Australia are owned by banks, but Jim’s is not one of them. We are 100% independent and Australian owned. We have no shareholders and our business has been built by always doing the right thing by our customers. That means no favourites and no secrets, just the best service and advice for you.
WHY NOT JUST GO TO A BANK?
A bank can only offer you a single option, theirs. Jim’s Home Loans helps you compare a much larger number of finance options.