Why use us?
- We are home loan approval experts, not just a normal mortgage broker
- Our services are free for most types of residential loans
- Australia wide services.
- Access to over 35 lenders including the major banks.
- A full member of the MFAA and CIO, ensuring professional and ethical lending practices.
Using us as your mortgage broker
The team at ezy-way mortgages are long term mortgage specialists who have worked with or at both major banks and specialist lenders. What that means for you is that we know how to present your loan to make sure that it gets approved!
We also specialise in helping people in tricky situations. If your situation is unusual then most mortgage brokers will not have the knowledge, experience and contacts to get your loan approved. We know exactly which lenders can help and how to present your loan application!
We are a friendly and enthusiastic team who aim to build strong long term relationships with our customers and help them realise their goals of home ownership and wealth creation. We don’t charge any fees for most of our loans and we help individuals Australia-wide.
You’re our customer and we will work with you to make sure your experience is positive and memorable. As a testament to our success as a team, we receive a large number of referrals from satisfied customers.
Do you hold a credit licence?
Yes, we hold an Australian Credit License (ACL) as required under the National Consumer Credit Protection Act.
We are also a member of both the Mortgage & Finance Association of Australia (MFAA) and the Credit and Investments Ombudsman (CIO).
We maintain the highest standard of training and education, as well as compliance with government regulations.
Will you charge a brokerage fee?
There are no fees for most of the loans we deal with. The very limited circumstances in which a fee may be applicable we will advise you in advance of the fee and its conditions.
To speak to one of our staff about your situation, call 1800 960 399 or complete our free assessment at ezy-waymortgages.com.au and we will help you get approval.
Why should I use a mortgage broker if I can go with a bank?
Why choose from one when you can choose from many banks and lenders? We work with a variety of lenders and can find the best loan package available to suit your needs.
- Choice: Is your bank going to tell you if another bank is cheaper? Are they going to tell you if another lender’s products suit your needs?
- Free services: Most of our clients pay nothing for our services.
- Level of service: Did you know that mortgage brokers consistently outrank bank managers in customer satisfaction surveys?
- Keep it simple: We will take the hassle out of applying for a loan. We’ll deal with the banks and lenders so that you don’t have to!
- Expertise: Our brokers have a much higher level of training and experience than most bank lenders.
- Specialised lending: Your bank cannot go outside of their lending policy but we can choose a lender that can approve your loan!
Many people approach their bank directly and either get their application declined or miss out on a more competitive discount. Don’t make the same mistake! Speak to a mortgage broker who will offer you more than just your bank’s own products.
How do we get paid?
We are paid by the bank or lender for introducing new applications and for doing much of the work that would otherwise be done by one of their staff.
It is like we are a bank manager that works for many lenders instead of just one. This outsourced approach is very efficient and benefits both you as you have more choice and the bank as they do not have to pay us anything if we don’t lodge applications with them.
Our commissions are not paid by you, it is paid by the lender. We fully disclose the commission we will earn on your loan prior to you proceeding.
How can we be sure that you will recommend a suitable loan?
It is a common misconception that mortgage brokers recommend unsuitable loans for their clients to try to maximise their commissions.
The reason for this is that prior to the regulation of our industry in 2010 there were a few unscrupulous mortgage brokers which gave the rest of us a bad name.
We recommend the most appropriate loan for you and present all the details to you prior to proceeding. You then decide if you want to proceed with the loan. In fact, as a holder of an Australian Credit Licence, it is against the law for us to assist you with applying for an unsuitable loan.
Our core promise is that if we are not improving your situation, we won’t proceed with the loan.
How does applying for a loan work?
Our mortgage brokers do all of the hard work. All you will be required to do is fill out the application and supply the required documentation. We can then complete a preliminary assessment and give you the best option to move forward with.
Once we know which lender you would like to proceed with then we lodge the loan online directly into their system for a quick approval.
Do you choose particular banks to get a higher incentive?
Did you know that there are some mortgage brokers that advertise that they are paid the same no matter which lender they choose? This is actually a very clever marketing trick.
As we are not part of a franchise group we can do business with any lender that works with mortgage brokers. This means that you get more choice and a better range of loan products.
Are you owned by a bank?
No, ezy-way mortgages are a 100% privately-owned Australian company with no lenders as shareholders.
We live interstate. Can you still help us?
Our mortgage brokers help people all across Australia. We have approved loans for customers in every state and territory, from small regional centres to large inner-city suburbs.
We have one main office with highly trained staff rather than multiple offices. This way we are able to achieve better results for our clients.
If you want your home loan approved then use an expert mortgage broker, not a local mortgage broker.
How much will I need for a deposit?
This varies depending on your situation and how each lender assesses your borrowing capacity. We know banks that will only require a 5% deposit! Generally, this applies when your income is sufficient to cover the loan repayments, you have stable employment and a good credit history with no defaults.
Lenders Mortgage Insurance (LMI) applies to loans for more than 80% of the property value. If you want to avoid paying LMI, you will need a 20% deposit.
You will not pay any LMI and will not even need a deposit if your parents act as guarantors and guarantee your loan using their property as security.
To apply for a 95% LVR loan or guarantor loan, please call us on 1800 960 399 or complete our free assessment form.
Can I borrow the stamp duty as well?
Generally not. Loans are based on a Loan to Value (LVR) ratio and that does not include the cost of stamp duty. Stamp duty is a sizeable amount so most lenders will only allow you to borrow to pay for the cost of stamp duty if your loan is backed by a guarantor.
There are also circumstances where stamp duty may not be applicable, such as for some first home buyers. This varies across between the states and territories depending on the current government incentives and programs.
How long will a preliminary assessment take?
Using our expertise, we can find you the right home loan in less than 24 hours as long as you provide us with all of the required documents in one go.
If you are in a hurry to get approved because you are going to an auction, have a deadline for a cooling off period or are under a finance clause on your purchase then please let your mortgage broker know and they can escalate your application.
Can you cover every unique situation?
Our mortgage brokers love a challenge! We can usually find a solution to even the most complex and difficult situations.
This is because we have extensive knowledge of policy and know which lenders have flexible lending criteria. If you have been declined by the banks we can help to find other lenders who will approve your home loan.
Where your credit file is causing you difficulties, we will work with you to repair it and a find a lender who will accept your situation.
We don’t give up! Speak to us on 1800 960 399 or complete our free assessment form at www.ezy-waymortgages.com.auand we will help you get the finance you need to purchase your dream home.
Which banks can approve us?
Our mortgage brokers are experts on the policy of over 35 lenders. This means that if you have a situation that is a little outside of the box then there will usually be a few lenders that can consider your application.
Having so many options available allows us to choose a lender that suits your needs and offers an attractive loan package.
We work closely with a variety of banks and non-bank lenders and have a strong relationship with the large banks including ANZ, Westpac, National Australia Bank, Bank of Melbourne and St George.
Whatever your situation, there is generally a lender who can help!
How long does a pre-approval last?
Pre-approvals are usually valid for three months. If your pre-approval expires before you find a property then we can apply for an extension.
Did you know that some banks do not provide reliable pre-approvals? If you are thinking about purchasing property with a pre-approval then speak to us first on 1800 960 399 or enquire online and get in touch with one of our brokers who can assess whether or not you will qualify for a home loan.