FAQ

1. How much can I borrow and what will my repayments be?
How much you can borrow will depend on your monthly income, your living expenses and the amount
of deposit you have. The exact amount you can borrow varies from lender to lender. Court Financial Services
can give you an estimate in your initial meeting.

Repayment amounts vary according to your loan amount and the interest rate. Court Financial Services
can show you different repayment scenarios to help you determine the level of repayments
you can afford. For a rough idea, you may like to use the borrowing calculators included in this website.

2. Supporting Documents Checklist
See our loan Supporting Documents Checklist. Try to bring as much as possible.

3. Should I fix my rate?
A fixed rate provides security in knowing what your repayments are and a level of protection
against rate rises. However, the answer to whether or not you should fix your rate depends on your
personal circumstances.

Court Financial Services recommends you consider the following before committing to a fixed rate loan:
• Your likely future income. If you are planning to deposit extra money from a bonus into your mortgage,
• a fixed rate may not be appropriate because penalties may apply
• Need a redraw facility? Some loans with redraw facilities may not allow a fixed rate term
• Do you plan to move house? Some fixed rate products have large penalties if you don't stick out your fixed term.

Court Financial Services can help you assess your personal situation and whether or not a fixed rate is
suitable for you.

4. How long does it take to get my loan approved?
This depends on your personal situation and the nature of your loan application. In normal
circumstances, a “conditional” approval can be obtained within five working days once we have all of the
supporting documents required for your application. An unconditional approval could be obtained within
eight working days.

A “conditional approval” is an approval that is subject to further conditions being met.
The lender dictates these conditions. Examples of further conditions are:
• The valuation of your property at a certain level
• Further supporting documents being provided (ie. A letter from your employer verifying your bonus income).

An “unconditional approval” is granted when no further information is needed from the lender.
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