Frequently Asked Questions

At Advantage Home Loans, we get a lot of questions about what exactly makes us one of the best mortgage consultant businesses in Australia. To help you understand how we can best serve you and your mortgage needs, we’ve compiled this list of frequently asked questions and answers. As always, though, if you have a question you don’t see answered here, feel free to email us and ask!

Our goal as a mortgage brokering company is to facilitate the home buying process to make it easier on our clients. We use our knowledge of the market, our experience working with lenders, and all our resources to remove all the complication from the process and find the perfect solution to match each client’s particular needs so that home buyers can simply focus on getting into the home they want with as little hassle as possible. Simply put, we make home buying easy.

Advantage Home Loans handles all kinds of mortgage needs, from first time home buyers to current owners wanting to move to a new home, or even those working in property investment. Because of this, we have a wide array of experience working with more than 400 different types of loan situations, and have contact with 45 of the best lenders in Australia. This means that we can tailor a custom loan package to meet your needs, no matter what they are.

Simply put, because a bank is just one lender. Think about how much time it can take to contact a bank, set up meetings, fill out forms and do interviews, only to find out in the end that the amount your bank is willing to offer you isn’t enough, or their terms aren’t right for you. In that case, all of your time is wasted. When you work with Advantage Home Loans, however, we connect you with 45 lenders at once, each of which has different standards and practices, meaning each one will offer you different amounts of money, and at different terms and rates. If you were to research each of these lenders yourself, it would take ages, whereas Advantage Home Loans does it all for you; you just have to pick the one that fits best with your needs.

Moreover, Advantage Home Loans works with you and the lender to oversee the entire mortgage process from beginning to end. From the moment you come to us to the moment you walk into your new home, you’ll have Advantage Home Loans’ expertise protecting and guiding you every step of the way.

This is the part that most people don’t believe – it isn’t going to cost you anything. Rather than you paying us a fee, we receive a commission from the lender you decide to go with that reflects the services we’ve provided you with. Generally, this is about the same amount regardless of which lender you choose, to discourage favoritism on our part. Best of all, there are no increased rates or fees for going through a service like Advantage Home Loans, so in the end, you are literally getting our services absolutely free of charge!

Advantage Home Loans is based in Melbourne, Australia. However, we deal with clients and lenders from all states, so don’t hesitate to contact us for any needs you may have, regardless of location.

All of our consultants here at Advantage Home Loans are fully accredited members of the Mortgage and Finance Association of Australia (MFAA), and have, at the minimum, a Cert IV in Financial Services (Mortgage and Finance Broking). Furthermore, we are accredited by every major lender in the country, and continuously send our consultants to training seminars so that our expertise and knowledge remains totally up to date and current. As such, we’re able to offer our clients the best services possible. Moreover, the security of your business is never in question, as we’re backed by professional indemnity insurance, and are acting members of the Credit Ombudsman Service Limited, an external arbiter of disputes that is approved by the Australian Securities and Investments Commission. These high standards of accreditation and service are a point of
honor to us.