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FAQ

First home buyer questions

  1. How long will it take to get my home loan approved? If all documents are provided that are needed we are able to give you an answer in 24 hours.
  2. What information do I need to give to get a home loan? The information may vary but minimum requirements are 100 Points of ID, Income verification, savings statements showing your deposit savings and a credit report must be done.
  3. How much money do I need to save to get a home loan? In general you will need to demonstrate that you have saved 5% of the purchase price. At Dreamstreet Lending we offer Gap Finance that can assist you to purchase a home with no deposit.
  4. How much is the First Home Owners Grant (FHOG)? This varies from state to state however you can obtain this information from the State Revenue Office website.
  5. If I have defaults on my credit file, does this mean I can’t get a home loan? It can make things harder but it is not impossible.

Refinance and Investor Loans

  1. How do I know which loan is best for me? Our Mortgage Professionals will sit with you to ascertain your current position and will provide you with the best option for you.
  2. I want to buy an investment property, do I need a large deposit and substantial equity in my current home? You will need at least a 10% deposit OR equity in your home.
  3. If I already have a home loan with a bank is it easy to switch to Dreamstreet Lending? Our Mortgage Professionals will attend your home for the appointment making it as easy and seamless for you.

General Dreamstreet Lending information

  1. Who is Dreamstreet Lending? We are one of Australia’s leading financial institutions, we assess, approve and manage your loan from start to finish.
  2. Why should I use Dreamstreet Lending? We are not like the banks, if you need anything you call us on 1300 230 240 and you always get to speak to a real person. We are fast and flexible and we will be able to assist you in almost any situation.
  3. Where does Dreamstreet Lending operate? We operate nationally, please call us on 1300 230 240 to book an appointment.
  4. Do you do construction/ building loans? Absolutely!
  5. What is the maximum interest rate charged by Dreamstreet Lending? We offer a variety of home loans that vary depending on your individual situation. Currently the highest interest rate on a new home loan or refinance is 9.85% per annum. The majority of our client are offered interest rate much lower than this, however if you have experienced credit issues such as bankruptcy this can affect the rate that is offered to you.