FAQs

Do I have to pay Buurman Finance Solutions to set up my home loan?

No. We are paid a commission by the lender for introducing your business.

Do home loans cost more if you get them from a broker instead of direct from a bank?

No. The costs are the same. From the bank’s perspective, whether it pays a broker or an employee, either way there is a cost associated with selling a home loan. The difference is the benefit to you – we can give you more choices than one bank as we deal with a panel of over 20 lenders.

What about bank fees?

All lenders fees vary, but usually you will have an application fee or an annual package fee; government mortgage registration fees; bank cheque fees for settlement and occasionally valuation fees may apply. We will fully disclose to you as part of our recommendation any upfront and ongoing fees and charges from the lender.

Do you offer appointments after hours?

BFS will be happy to meet with you at a time convenient for you! It is usually best to meet either at your work place or home as you will have easy access to any required information. Please note that evening and weekend appointments are always popular so you may need to book ahead.

Can BFS provide pre-approved finance?

BFS can assist in obtaining a pre-approval from the selected lender. This is basically where we provide the lender your financial information to ascertain your eligibility. It can be a powerful tool when negotiating on a property purchase as the vendor will often consider this if multiple offers are presented.

How long does the application process take?

The timeframe will vary dependant on the complexity of the application. In most cases it will take up to 2 weeks to obtain finance approval provided all required documents are submitted with the initial application. See the “loan process” tab for more details.

Do I still need to go into the bank?

In most cases no. As your broker we liaise directly with the lender as your appointed representative. This removes the frustration for you of dealing with the banks in limited time. We have access to online application information and tracking systems and have dedicated contact points to assist with our calls. BFS will keep you informed throughout the entire process via sms, email and phone.