FAQs for Home loan, General queries and Support & Assistance
Frequently Asked Questions
Home Loans
Q: Can Vibe Loans help me with my first home purchase?
A: Absolutely! We specialize in helping first-time buyers navigate the home loan process, including accessing government grants and incentives such as the First Home Owner Grant.
Q: What documents do I need to apply for a home loan?
A: Common documents include proof of identity, income statements (payslips or tax returns), bank statements, details of your assets and liabilities, and information about the property you’re purchasing.
Q: How much deposit do I need for a home loan?
A: Depending on your circumstances, deposit can be as low as 5%.
Refinancing
Q: When should I consider refinancing my home loan?
A: Refinancing can be beneficial if you want to secure a lower interest rate, reduce monthly repayments, consolidate debts, or access equity for other purposes.
Q: Are there any costs involved in refinancing?
A: Costs may include exit fees for your current loan, application fees for the new loan, and potential valuation fees. We’ll help you evaluate whether refinancing is worth it.
Investment Loans
Q: Does Vibe Loans assist with investment property loans?
A: Yes! We can help you find competitive loan options for building your investment property portfolio and provide guidance on structuring your loan for tax efficiency.
Q: Can I use equity in my home to invest in property?
A: Yes, leveraging home equity is a common strategy for property investors. We can assess your equity and guide you through the process.
Support and Assistance
Q: What if I have a bad credit history?
A: We understand that everyone’s situation is unique. We work with lenders who offer solutions for individuals with less-than-perfect credit histories.
Q: How long does the loan approval process take?
A: The time frame varies depending on the lender and the complexity of your application. On average, it can take 1-4 weeks from submission to approval.
Q: How can I contact Vibe Loans?
A: You can reach us via phone, email, or by visiting our office in Sydney. Alternatively, you can fill out the contact form on our website, and we’ll get back to you promptly.
General Questions
Q: What is Vibe Loans?
A: Vibe Loans is a Sydney-based mortgage broking company that helps clients find tailored loan solutions, including home loans, investment loans, refinancing, and more.
Q: How does Vibe Loans work?
A: We work closely with you to understand your financial needs and goals. We then compare loan products from multiple lenders to find the best fit and guide you through the application and approval process.
Q: Is Vibe Loans affiliated with any specific lender?
A: No, Vibe Loans is an independent mortgage broker. We work with a wide panel of lenders to provide unbiased recommendations tailored to your needs.
Q: Do you charge a fee for your services?
A: In most cases, our services are free for clients. We are paid a commission by the lender once your loan is settled. We’ll always be transparent about any costs upfront if applicable.
