Frequently Asked Questions

A mortgage broker works as an intermediary between yourself and a panel of banks to help find the right loan for you. We can quickly compare available loan products to find a loan that is perfectly suited to your situation.

Unlike a bank, a mortgage broker has access to a wide panel of lenders that can help you find a deal perfectly suited to your situation. We can save you time and money in finding, applying, and securing your next home loan.

Mortgage brokers generally get paid an upfront commission once your home loan settles and/or an ongoing commission from the banks our clients choose. 

Oak Tree Finances does not charge any fees on our home loan and investment loan brokerage services. We are paid a commission from the lender that you choose. Our commercial and property development loans operate on a fee for service basis and will vary depending on the type of service. Please refer to our commercial and property development loan website for more information.

At Oak Tree Finances, we are an independent mortgage broker. While we have access to wide panel of lenders, we are not affiliated with any bank and always work to find the best home loan for your situation.

Yes! At Oak Tree Finances, we can help you find a home loan no matter where you live in Australia. Get in touch with our mortgage broker Gold Coast team today for a no-obligation assessment.

Yes, however, it will depend on the severity of your past credit issues. We work with a variety of lenders that specialise in low doc homes loans & bad credit home loans and have successfully secured second chance home loans when all hope seemed lost.

Yes, it is possible to consolidate your existing loans into a new home loan. Get in touch with us to speak about your financial situation today.

At the early stages of applying with different lenders we require proof of income, a current bank statement, proof of identity, your most recent tax return, and copies of recent credit facility statements such as credit cards, personal loans, car loans etc.

Approval times will vary depending on your individual circumstances. Once your application has been submitted to the lender of your choosing, pre-approval can happen anywhere between 1 hour to 1 week.

How much you can afford to borrow will be based on your existing financial commitments, take home pay, and other considerations. In some cases, it is possible to borrow up to 100% of the home loan value. Learn more from our home loans Gold Coast team.

No, while most lenders will not provide a home loan to a non-resident, non-resident home loans are possible.

The amount of deposit required on your home loan will vary depending on your circumstances. While most lenders will require a minimum of 10%, 20% is often recommended. We do, however, have lenders willing to lend up to 100% in some circumstances.

At Oak Tree Finances, we have access to a range of home loan products on the market. From fixed and variable rate loans to low doc, bad credit, and first home buyer loans and everything in between. Speak to us today for a home loan suited to your needs.

Yes, we can secure commercial and investment property home loans for your needs.

Yes, some of our lenders specialise in contractor and self employed home loans.  

Yes, if you are unhappy with your current lender, please get in touch with us and we will find you a home loan best suited to your circumstances.

Yes, our construction home loans are perfect if you are looking to build a house.

No, there are no maximum or minimum amounts that you can borrow and will depend on your individual circumstances.

As an independent mortgage broker, our goal is always to assist our customers find a home loan that works for them and that they will be happy with. When you choose Oak Tree Finances as your mortgage broker, we will provide you with a variety of choices that you can choose from. We offer professional home loan advice on different home loan products, but the choice always remains with you.

Mortgage insurance is a type of insurance that protects the lender in case you default on your home loan. With mortgage insurance it is usually possible to put down a smaller deposit and still qualify for a home loan.

While settlement can vary, on average it takes between four to six weeks from the time you submit your application to a lender reaching settlement on your property.

Yes, we work wide a range of lenders that can provide home loans to applicants who don’t fit standard bank lending criteria.