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What Our Clients Ask The Most

Why use a broker?

Many people approach their bank directly and miss out on more competitive rates, or have their loan declined as that bank doesn't suit their situation. Don't make the same mistake.
Speak to an industry expert who knows a variety of lender's products and can point you in the right direction.

What is the application process?

Your Tesoro Financial assigned broker will do all of the hard work for you. Once you pass on all the information and provide supporting documentation we liaise directly with the lender from start to finish, making a stressful process stress-free and holding your hand throughout the application.

How much deposit will I need?

This varies depending on which lender we choose and how they assess your borrowing capacity. With a good credit history with no defaults, sufficient income and stable employment, there are some lenders who only require a 5% deposit. Lenders Mortgage Insurance (LMI) applies to loans over 80%, to avoid you will need a 20% deposit.

Can I fund stamp duty as well?

Stamp duty is generally to be covered by the applicants' own funds along with the deposit. Some lenders will fund stamp duty if the applicant is backed by a guarantor, or there are some cases where stamp duty is exempt such as a first home buyer.

Is a pre-approval worth it?

Absolutely. With banks tightening up lending processes, there has never been a better time to get pre-approved. Pre-approvals last up to 90 days, giving you plenty of time to property hunt for the perfect home or investment. Buy confidently knowing you have a lender and your budget.

Is lending limited for the self-employed?

The short answer, is no. Lending is not limited or out of the question, you just have to know what lenders to use, which is where a mortgage broker can assist.

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