Frequently Asked Questions

With over 20 years experience in finance and lending, we can help you understand the complexities of arranging your finance and make it easy for you.

Frequently Asked Questions

We've summarised some common questions to help you in your research, but please feel free to call or book a time to ask us any more.

What Experience Do You Have?

Our team have over 20 years of experience in mortgage broking and lending, helping a wide range of clients secure tailored finance solutions. I work with a strong network of lenders to find the best loan options and ensure a smooth, stress-free process for my clients.

What lenders do you work with?

We are paired with a large aggregator in Connective so we work with a wide network of lenders to find the best loan options and ensure a smooth, stress-free process for our clients.

How do you get paid? Are there any fees I should be aware of?

We get paid by the lender we put you with. They all pay approximately the same rates of commission so the only person we consider when helping you choose a lender is you and what is best for you. Some brokers charge fees which must be disclosed up front to you – we very rarely do.

Why should I use a mortgage broker instead of going directly to a bank?

A broker provides access to a wider range of lenders and loan products, negotiates competitive rates, and simplifies the application process.

What loan features should I consider beyond just the interest rate?

The rate is hugely important but it’s definitely not the sole consideration. Flexibility in terms of overpayments, paying the loan out early, providing certainty for budgeting, etc should all be taken into account and we will help tailor your loan to match your short and medium term goals. You will hear terms thrown around like fixed, variable, offset, redraw, portability – we can help make sense of all these and ensure your loan works best for you.

How long will the application process take, and what documents do I need to provide?

Pre-approval can usually be arranged in 1-2 weeks. Typically, we’ll need documents to verify your income, assets, liabilities and expenses. All this can usually be provided quickly and securely via our client portal. Providing complete and accurate documents upfront will help speed up the process.

What deposit do I need for a home loan?

Most lenders require a minimum 5-20% deposit. A 20% deposit can help you avoid Lenders Mortgage Insurance (LMI). But there a some lenders that can now help if you only have 2% or even $0 if your parents can provide a security guarantee

Do you offer ongoing support after the loan settles?

Absolutely! We pride ourselves on our ongoing commitment to ensuring your lender is looking after you post settlement – we will conduct regular ‘rate reviews’ meaning you’ll always be on the sharpest rate possible. And if your lender isn’t giving you what you want, we will find another who will!

What is the process for applying for a home loan through Saxon Financial?

Start by picking up the phone and calling us on 0450 347534 or drop us an email at info@saxonfinancial.com,au and someone will be in touch as soon as possible!

What locations do you serve?

We can serve the whole of Australia, so if you’re not in Melbourne like us, let’s jump on a video call and see how we can help!

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When we help you with your borrowing needs, we consider you to be a client for life. We want you to be confident that you are working with professionals who have your best interests in mind now and in the long term.

We have many years of experience in finance and professional mortgage broking. Our aim is to find you the best loan for your needs, and to make the process as simple and transparent as possible.

Please get in touch with us today.

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