Blue Fox Finance is a Mortgage Broker Brisbane Trusts
Being a Mortgage Broker Brisbane trusts, we are focused on helping you attain the home loan that will suit your needs. With access to over 45 different lenders, you can feel confident that our Mortgage Broker can get you the best home loan deal available. We have exceptional reviews, with over 100 Google Reviews, you can read our reviews from real customers at our Mortgage Broker Brisbane Reviews page.
Zak has been extremely helpful in aiding myself as a first home buyer. He kept constant open lines of communication which became invaluable. He made going through the banks the easiest part of the process.
Zak is awesome, has gone above and beyond for us . Would highly recommend him to anyone going for a home loan!
Zak was a great help throughout the whole process and I couldn't fault his knowledge! As I had never been through buying a home, it was so helpful and reassuring to have him there to answer all of our questions for us!!
Zak was very helpful and everything went through smoothly. Would definitely recommend Blue Fox.
Zak Avery was very knowledgeable, excellent to work with and made the process very easy
Zak was awesome to deal with from the start to finish even when we annoyed the sh#t out of him. Good work guys keep it up and will recommend any day of the week
Moving my mortgage from one lender to another was quite daunting for me, but Zak made the whole process easy and effortless. I also appreciated the professional service and sound advice. I would recommend...
Talk about professionalist from a mortgage broker that gives straight up information. I hunted for a loan for a property with 3 different brokers, Zak found a rate with a bank that was significantly cheaper because he...
PI Insurance covering $20mil. Industry memberships: FBAA, AFG & AFCA.
What does a Mortgage Broker do?
A Mortgage Broker acts as an intermediary between the borrower and the lenders. Essentially, we'll work with the borrower from the start - we'll collect your information upfront and present solutions to you from multiple banks. Depending on the scenario, this may give you different options for structure, LMI, interest rates, products and fees. When you decide which bank and product to proceed with, we'll then put your application together in a way that's most likely acceptable - and ensure we've answered all of the expected lender's questions upfront. The end result is that you should get a competitive interest rate, correct structure, and prompt & simple approval.
Why use a Mortgage Broker?
There's a number of reasons to use a Mortgage Broker over a banker. If you already know you'll be going with 'ABC Bank' - you may choose to go with a banker if you already have an existing relationship with them. Otherwise, you're probably still better off dealing with a Mortgage Broker (that deals with that lender), as you can at least check their reviews & processes upfront. Heading to the bank and asking for their next available banker is a huge gamble.
Applying through a Mortgage Broker:
Verifiable reviews availabe upfront.
More likely to structure your loan correctly.
Access to a wide variety of lenders.
Reliant on repeat customers & referrals.
In most cases: more experienced..
Applying directly through a bank:
The actual Banker you deal with is an unknown variable.
What we're doing to make sure we're a Mortgage Broker Brisbane trusts
Whilst we are extremely service-centric, we also believe customers data, privacy and security are extremely important. We've taken steps above-and-beyond what you would expect from most Mortgage Brokers around Brisbane to keep your data safe.
How our Mortgage Brokers in Brisbane keep your data safe:
Kaspersky Endpoint Security protecting all company devices.
Google Vault to keep our emails secure.
Spanning Enterprise Edition Backup to ensure no loss-of-information.
All portal passwords randomly generated and stored in pur Enterprise level password manager.
How a Mortgage Broker Brisbane gets paid?
A Mortgage Broker Brisbane is paid commissions by the bank upon settlement of a home loan: an upfront commission and a trail (ongoing commission). Whilst the rates paid by banks does vary, it's fairly negligible. It should be noted that the commission paid by the banks is not included in your interest rate in any way. Essentially, using a Mortgage Broker is completely free for the customer aka you. You can read more about how a mortgage broker is paid here.
Why choose Blue Fox Finance as your Mortgage Broker?
Firstly, check out our Mortgage Broker Reviews. We pride ourselves in being extremely responsive - aiming to reply to emails and calls within 2 business hours at all times. Over the past 12 months, we have had 0% of our home loans declined (correct as at 28/01/2023). We're a local Brisbane-based business, family owned, and with a solid track record. If you're ever unsure - just give us a call or send us an email and we can have a chat.
Our Mortgage Broking Process
First step: initial review & discussion
Any questions or concerns upfront, always send us an email to firstname.lastname@example.org or call on 0466392717. When you feel ready to get the process started, we'll need to start by collecting some basic information about yourself.
Once we've collected the initial information, a Brisbane based Mortgage Broker will send you 5 lender options; you can guide us with your preference in products, or we can give you an array of options. We'll then need to discuss these options with you. For first home buyers, we usually recommend an in-person appointment (if you're based in Brisbane) so we can explain the entire process in full; including, Real Estate Contracts of Sale, Auctions, clauses, the home loan process & home loan features etc. If you're confident in the purchasing process, or are just looking to refinance, we can send everything through via email and discuss over the phone if needed.
Documents you may be asked for before an initial assessment is complete:
Fact Find - which provides us with your basic income/expense details.
Our Morgage Broker Brisbane usually provide home loan recommendations about 24 hours after receipt of the Fact Find & payslips.
We've designed this recommendations sheet so that we can show you all the information you need for 5 different options, and compare them side-by-side. We ensure we quote repayments including all ongoing fees so they can be compared appropriately.
Our home loan recommendations sheet will:
Provide 5 lender recommendation.
Show the interest rates, repayments, fees & commissions of each lender.
Provide a full funding position showing the exact breakdown of costs to purchase the house.
Second step: Preperation & submission of your application
Once we've discussed your options and you've chosen what's best for you, we'll walk you through that lender's specific submission process. We may need to collect some extra documents at this stage. Once we have everything ready for submission, our Mortgage Brokers will need about 24 hours to prepare and send to you:
Credit Proposal: this will highlight all home loan details & features in a formal document.
Lender specific mortgage application documents for your signature
Third step: Home Loan Approval & Settlement
Once the application has been submitted, it will head through the bank's various stages: pre-assessment, conditional approval, formal approval & contract signing. For an in-depth look at this part of the process, please read our article on the home loan process.
We will liaise with the bank at each step, and follow-up wherever they fall outside their ETA. We'll keep you updated on all ETAs and stage changes via email.
Post settlement: Our Mortgage Broker Brisbane will complete 6-monthly rate reviews.
At settlement, our Mortgage Broker will schedule for a 'rate review'. If there is any variable portion, we'll schedule this for 6 months' after settlement. If instead the loan is 100% fixed, we'll schedule to contact you 30 days' before the end of your fixed rate. At the time of the scheduled interest rate review, we'll first attempt to get a discount with your current lender (we can do this without any action from you with some banks), and then provide you with refinance options if your lender isn't staying competitive. Our aim is to be proactive in making sure you always have a compeititve interest rate.
Are you an Independent Mortgage Broker Brisbane?
Independent Mortgage Brokers must, by definition, be completely free from outside control. This means they must have their own credit licence, not operate under an aggregator or franchise, and be independently owned. Our Brisbane based Mortgage Broker firm is independently owned, however uses Australian Finance Group (AFG) as an aggregator due to the massive benefits of doing so: access to a large variety of lenders and products, state-of-the-art software and industry training. Insofar as commissions are concerned when deciding whether a Mortgage Broker is "independent": most commissions payable by each lender are the same (or very comparable), however all Mortgage Brokers should disclose the full commissions available by each lender prior to submitting any applications on your behalf, we consider this standard practice. Click here to read about current commission rates and how a Mortgage Broker is paid.
An independently owned Mortgage Broker firm can aggregate under whomever benefits their clients the most.
The vast majority of Mortgage Brokers are not technically independent, as they generally operate under an aggregator. An aggregator provides access to lenders, runs compliance audits, provides training and software along with a myriad other services. We chose to aggregate through AFG as they provide us with a great structure that allows us to deal with a large array of lenders, keeps us up-to-date on industry relevent news, and provides us with modern online technology to help us to help our clients. Being with AFG also allows us to keep a sense of independence in our operations when compared with other aggregators.
Frequently Asked Questions about a Mortgage Broker Brisbane:
Why use a Mortgage Broker?
A Mortgage Broker Brisbane can save you time, money, and a lot of stress when it comes to getting a home loan. We work after hours; at no fee to you; and we work for you, not the banks. For a more detailed explanation of why you should use a Mortgage Broker instead of going directly to the bank, please read this article.
Does your Mortgage Broker only service Brisbane??
We can do loans all over Australia, sometimes over the phone. Our Mortgage Broker is however based in North Brisbane, and as such can service all surrounding areas in person: Albion – Alderley – Ascot – Aspley – Bald Hills – Banyo – Boondall – Bracken Ridge – Bridgeman Downs – Brighton – Brisbane Airport – Carseldine – Chermside – Chermside West – Clayfield – Deagon – Eagle Farm – Everton Park – Fitzgibbon – Gaythorne – Geebung – Gordon Park – Grange – Hamilton – Hendra – Kalinga– Kedron – Keperra – Lutwyche – McDowall – Mitchelton – Myrtletown – Newmarket – Northgate – Nudgee – Nudgee Beach – Nundah – Pinkenba – Sandgate – Shorncliffe – Stafford – Stafford Heights – Taigum – Virginia – Wavell Heights – Wilston – Windsor – Wooloowin – Zillmere.
How much does a Mortgage Broker in Brisbane charge?
While some Mortgage Brokers do charge a fee for their service, most do not. Our Mortgage Broker in Brisbane does not charge the customer anything for arranging their home loan, we receive our income directly from the banks.
How do I know a Mortgage Broker is working for me, not the best commission?
While other Mortgage Brokers may not always have the customer’s best interests at heart, that’s certainly not common practice. We will always fully disclose all commissions we receive for arranging your home loan.
What do I need to apply for a home loan?
Every situation is different, but all most people will need a 5% deposit and a regular source of income. The bank will look at your assets, liabilities, income, expenses, and general lifestyle when assessing your home loan application. If you are self-employed you should expect to be asked for 12 – 24 months of financial documents.
How much do Home Loans cost?
Home loans in Brisbane have no upfront costs in many cases; however, they can have upfront fees of up to $600 or more depending on what home loan product you are looking for. Your home loan broker will walk you through this.
How long does it take to get a Home Loan?
This depends. If you are looking to get your home loan in a hurry, we have lenders that can approve home loans in only 24 - 48 hours. If you are looking for the cheapest interest rate, it may take 10 – 20 business days.
Are you the best Mortgage Broker in Brisbane?
Without making outlandish claims, we do work hard to be the best Mortgage Broker Brisbane has to offer. We so far have received no negative reviews and have successfully kept each of our customers happy.
The information provided in this website is for general education purposes only and does not constitute specialist advice. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. Whilst we aim to update our site frequently, interest rates change frequently, please contact us to confirm the latest offers. *The comparison interest rates shown are based on different loan terms, fees, securities and loan amounts. Please click the interest rate button for the relevant details relating to the comparison rate. Applications for finance are subject to normal credit assessment. Conditions, fees & charges apply.