Your Questions Answered

Some answers to some of those burning questions that we know you have.

1) How much will it cost me?

In most cases, mortgage broking services provided by Edge Mortgages are free to our clients. The only exceptions to this are where we have to use a non-bank lender, or for commercial property transactions. In these cases, you, the client pay us directly for our services. Any fees or charges are discussed and agreed prior to a loan offer being presented. It doesn't cost any more to use our services, and in fact often we can save you money as well as time and effort.

We charge on a consultancy basis for services provided. These charges will vary depending on the scope of work involved. Again, they are discussed and agreed prior to any work commencing

2) If I don't pay you, who does?

We are paid an originators fee from the lender involved. They are happy to pay us as an extension of their sales force, which only gets paid on results. We don't get paid until your loan settles.

3) Why should I deal with you and not just "go to the Bank?"

Four Reasons:

1. Choice of Lenders (over 30 at last count) and Independence from any specific lender (we work for you, not the lender)
2. Experience (you are not dealing with a 20 year old that has never owned a house!)
3. Knowledge (about all things to do with finance)
4. Contacts (across lenders, real estate personnel, and much, much more)

With a Bank, it's all about the Bank...but at Edge Mortgages, we like to make it all about you!

4) I'm self-employed. How difficult is it to get a loan for me?

Whilst it depends on your specific circumstances, generally self employment is no barrier to getting finance. The range of lenders available may be different, however there is a solution available for most self employed situations.

5) Can I use more than one property as security?

Yes. The lender will look at your overall loan to value ratio and make their credit decision accordingly.

6) Can I get 100% finance?

Yes, provided you have a good income, clean credit, and little other debt. Click here to find out more

7) Why do some lenders say YES to an application while others say NO to the same application?

Different lenders have different criteria depending on their internal policies and guidelines. Also lending is very subjective, which means it can come down to the opinion of the person examining the application. Edge Mortgages saves you a lot of time by taking your application to the right lender the first time

Is there anything else you'd like to ask? Click here to enquire about something else.