Frequently asked questions
Straight answers to the questions we hear most from Sunshine Coast borrowers.
How much does a mortgage broker cost?
In almost every case, nothing. We're paid a commission by the lender once your loan settles, so our service is free to you. We'll always disclose how we're paid up front.
Will using a broker affect my interest rate?
No - using a broker doesn't increase your rate. Comparing 30+ lenders usually helps you secure a sharper rate than walking into a single branch.
How much deposit do I need?
A 20% deposit avoids Lenders Mortgage Insurance and can open up more competitive rates, but many lenders accept as little as 5% - and government schemes or a guarantor can lower that further.
Do I need a pre-approval before I start looking?
Not always, but it gives you confidence and helps you act quickly. We'll advise whether one makes sense for your situation and always recommend a finance clause in your offer.
Can you help if I'm self-employed?
Absolutely - it's one of our specialties. We know which lenders are flexible with business income and how to present your application properly.
I don't live on the Sunshine Coast. Can you still help?
Yes. Many of our clients work with Brody entirely by phone, email and video. Distance genuinely isn't an issue.
My bank has looked after me for years - won't they automatically give me a competitive rate?
Unfortunately loyalty rarely pays. Banks assess each application fresh on income, expenses and situation. Comparing the market is how you see how your current rate compares.
How long does the whole process take?
Most clients move from first chat to pre-approval within a week or two once documents are in. We'll give you a clear timeline up front.
Ready to talk to a real local broker?
Book a free 15-minute call with Brody - no obligation, no jargon, just clear advice on your options.