You can rest assured that Mortgage Basics offer competitive interest rates as they have access to over 30 lenders and a high customer service focus.

Mortgage Basics was founded in 2014 by Multi-Award Winning broker Mark Polatkesen, who has over 12 years’ experience under his belt in property finance. Mark ranked 47 in the Adviser Elite Business Writer Awards in 2014. The Mortgage Basics vision is to create a streamlined and hassle free experience to our clients.

What we can help you with:

• We can make the application process simple and stress free
• Competitive rates with discounts of up to 1.00%
• Land and construction, we can also assist you with processing progress payments
• Refinance loans to invest or consolidate debts
• Use your existing equity in your current home to fund construction of an investment property
• Changeover loans from home-to-home, which means you can live in your current home whilst your new dream home is being built
• Home equity loans (line of credit)
• Assist you in establishing a budget and working out your loan repayments.
• Up to 97% home loans inclusive of Lenders Mortgage Insurance (LMI)

Using Mortgage Basics can make the construction home loan process as simple as:

1. Make appointment to see a broker at Mortgage Basics
2. We can assist you with completing the loan application
3. Organise the signing of the bank’s Letter of Offer and mortgage documents and return them to lender.
4. Commence construction

Compared to working directly with a bank

1. Make appointment to see Bank Manager
2. Complete application
3. Follow up pre-approval
4. Follow up fixed price tender document
5. Fax fixed price tender document and house plans to bank
6. Follow up receipt of fixed price tender document by bank
7. Follow up HIA building contract, construction plans and specifications
8. Fax HIA building contract to bank
9. Wait to receive unconditional approval
10. Follow up letter of offer and mortgage documents
11. Fax copy of letter of offer to builder
12. Organise signing of letter of offer and mortgage documents
13. Return letter of offer and mortgage documents to bank
14. Follow up bank to confirm receipt of letter of offer and mortgage documents
15. Organise copy of council approved house plans, builder's all risk insurance, HOW certificate, Building Permit from builder
16. Fax copy of council approval house plans, builder's all risk insurance, HOW certificate, building permit from builder to bank
17. Follow up receipt of council approved house plans, builder's all risk insurance, HOW certificate, building permit from builder by bank
18. Confirm settlement with bank and builder
19. Commence construction
20. Organise progress payments throughout construction with bank