Mortgage broking, Merewether
Let's make this less dramatic.
Junction puts your loan pathways side by side, with the trade-offs and our commission written underneath each one, then runs the file through to settlement. Newcastle, Lake Macquarie and the lower Hunter.
or call (02) 5550 0020
Junction Home Loans
Let's make this less dramatic.
01The pathway ledger
Three pathways, ruled out before you choose
Never a real lender name. The shape of the difference is the point.
- The fee and the commission
- Standard panel commission, upfront and trail. No fee to you.
- How your income is read
- Conservative on overtime, shift loading and casual hours; wants a longer history.
- How long it takes
- Usually the slowest queue; formal approval often runs ten to fifteen business days.
- What it costs to leave
- Discharge fee, typically a few hundred dollars. No early exit fee on a variable loan.
- The fee and the commission
- Standard panel commission, upfront and trail. No fee to you.
- How your income is read
- Often more flexible on shift and casual income with the right evidence.
- How long it takes
- A smaller book and frequently a faster path; five to ten business days is common.
- What it costs to leave
- Discharge fee, typically a few hundred dollars, sometimes waived for members.
- The fee and the commission
- Panel commission, plus an establishment fee on some products, disclosed upfront.
- How your income is read
- Widest servicing policy for self-employed and complex income; alternative documents accepted.
- How long it takes
- Often the fastest to a decision, sometimes inside five business days; valuation timing still varies.
- What it costs to leave
- Discharge cost varies by product; some carry an early exit fee inside a fixed period.
None of this names a lender. It is the shape of the policy differences we are actually weighing against your file before we recommend one.
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01The ledger, line by line
The fee and the commission
What the lender pays us, and what if anything you pay, written down before you choose.
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02The ledger, line by line
How your income is read
The single policy difference that decides which lender can do the deal at all.
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03The ledger, line by line
How long it takes
Median time to formal approval, which moves with each lender's own queue.
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04The ledger, line by line
What it costs to leave
Discharge and exit costs, the part most comparisons leave out entirely.
02The method
The house is not judging you. It is a house.
Junction puts the loan pathways that actually fit your situation side by side, explains what each one costs you in flexibility and time as well as money, and runs the file through to settlement.
- The commission is written next to every option, before you choose
- Explain the trade-off, not just the benefit
- One broker from the first appointment to settlement
- Say no when borrowing is the wrong move this year
03Two ways to start
Most people already know which one they are
Different questions, different pace, the same broker either way.
First home
First home buyer loans
The full run from deposit to keys, including the New South Wales concessions you are entitled to.
- Work out your real deposit position and what it changes
- Check eligibility for state concessions and federal scheme places
- Compare the lenders whose policy suits a first purchase
Already own
Refinancing and switching lenders
A proper look at the loan you already have, and an honest answer about whether moving it is worth the trouble.
- Send us your most recent loan statements
- We map your current structure and what it costs you in flexibility
- Compare the panel, including the cost of the switch itself
04Every pathway
Eight ways in, grouped by where you actually are
Every one is lender paid unless the page says otherwise, and the commission is written down before you choose.
Before you buy
Know the ceiling before you fall for a kitchen.
Buying
Deposit to keys, with the New South Wales concessions counted in.
Existing loans
What your current lender is doing for you, checked honestly.
- Refinancing and switching lenders A proper look at the loan you already have, and an honest answer about whether moving it is worth the trouble. No fee to you
- Annual loan review and settlement support We check in once a year, and we are still the ones who pick up when something changes. No fee to you
Investing
The structure matters more than the lender.
Building
Progress payments against a builder's contract, staged with you.
Moving
Buying the next place before the current one sells.
Business
Income that does not arrive as a pay slip.
05Work it out
What could we actually borrow, and what would it cost a month
A rough version of the sums we run at the first appointment. Change any figure and both numbers below update as you type.
How this works
- Your household income, minus a living-cost benchmark for your household and your existing monthly commitments, leaves a monthly surplus.
- We assume 90% of that surplus could service a new home loan repayment, keeping the rest as headroom.
- Lenders test that repayment at your rate plus a buffer, not at the rate you would actually pay, so the estimate does not assume rates stay put.
- The repayment figure below then uses the rate you actually enter, over the term you choose, on either the estimate or a loan amount you type in yourself.
This is not a rate we are offering or quoting as current. Enter any figure you want to test; we will tell you the real range at the first appointment.
Estimate only, not credit advice. This is a simplified illustration, not a credit quote, a pre-approval or personal advice under the National Consumer Credit Protection Act. It does not use real lender policy, does not check your actual expenses and is not a substitute for a proper assessment. Nothing you type here is sent anywhere or stored; it runs entirely in your browser.
ProofSince 2016
What we have actually done
- The commission we would be paid is shown next to every option, in writing, before you choose
- The broker you meet at the first appointment is the broker who takes your file to settlement
- If a lender says no, we tell you why and what would have to change for the answer to be yes
- A free loan review every year for the life of the loan, whether or not you switch
- We will tell you when the right move is to stay where you are, or not to borrow at all
- Loans settled since 2016 Across Newcastle, Lake Macquarie and the lower Hunter
- 1,100+
- Lenders on our panel Major banks, customer-owned mutuals and non-bank lenders
- 38
- First home buyers helped Close to one in four of everything we settle
- 290+
- Settlements from repeat or referred clients Of last financial year's settlements
- 62%
- Median time to formal approval Median across residential files over the last year. Lender timelines vary and construction takes longer.
- 12 business days
Marty Kerrison Owner and Principal Broker Credit representative of an Australian Credit Licence holder, MFAA member
07The practice
He was also the person who had to ring people on a Friday afternoon and tell them the answer was no, without being allowed to tell them which lender down the road would have said yes.
Why Marty started Junction in 2016
There are four of us. Marty runs the broking and still takes most of the first appointments. Renae looks after first home buyers and knows the New South Wales concessions better than anyone we have met. Hayley runs files from application to settlement, and Sam handles the self-employed and small commercial work.
We are not the biggest brokerage in Newcastle and we have never tried to be, because the moment you get big you start handing people to whoever is free that week. Ring us and you get the person you met the first time, from the opening appointment to the day the keys change hands.
- Member, Mortgage and Finance Association of Australia
- Credit representative of an Australian Credit Licence holder
- Member, Australian Financial Complaints Authority
- Diploma of Finance and Mortgage Broking Management, held by all three brokers
- Professional indemnity insured
08What clients say
Sixteen reviews, across the suburbs the ad never shows
Six of sixteen. The rest, with a filter by service, are on the reviews page.
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Went in expecting to be talked into switching and got told to ring our own lender and ask for a review first. It worked. Cost us nothing and they got nothing out of it, which tells you plenty.
Bec T. Merewether Refinancing and switching lenders
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Renae explained the duty concession twice without making us feel thick about it. We had an approval before the next open home.
Nathan P. Adamstown First home buyer loans
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Good outcome in the end. The old lender dragged the discharge out for nearly a month, which was not Junction's doing, but a bit more warning that it can happen would have helped.
Danielle K. The Junction Refinancing and switching lenders
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Two knockbacks from my own bank as a sole trader. Sam read the same financials and found the add-backs the bank would not count. Settled in five weeks.
Sione F. Cardiff Self-employed and commercial lending
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Talked us out of cross-securing the investment against the house and explained exactly why. Our accountant agreed with him, which does not happen often.
Harriet W. Merewether Heights Investment property lending
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Knockdown rebuild out at Fletcher. The progress payments were the part I was dreading and Hayley just handled each one. I found out the frame stage draw had gone through because the builder mentioned it.
Tom R. Lambton Construction and renovation loans
Reviews are illustrative samples for a demonstration business.
09Where we work
Merewether to Lake Macquarie, at your table if that suits
Newcastle, Lake Macquarie and the lower Hunter, roughly a 45 kilometre radius. Most first appointments happen wherever you are, evenings included.
Newcastle and the east
- Merewether
- Merewether Heights
- Bar Beach
- The Junction
- Cooks Hill
- Hamilton South
- Hamilton
- Adamstown
- Adamstown Heights
- Kotara
- New Lambton
Lake Macquarie
- Lambton
- Broadmeadow
- Charlestown
- Kahibah
- Whitebridge
- Dudley
- Mayfield
- Cardiff
- Warners Bay
10The first chat
Yes. We can talk.
Sixty to ninety minutes, at your table or ours, evenings available. Nothing to pay and nothing committed. Long enough for us to tell you what is actually possible and whether we are the right fit.
What to bring
- Recent pay slips, for both of you if you are buying together
- Three months of bank and credit card statements
- Photo identification
- A rough idea of what you already owe
- Two years of financials and tax returns, if you are self-employed
Or skip the form
(02) 5550 0020- Mon to Wed 8:30am to 5:30pm
- Thu 8:30am to 7:00pm
- Fri 8:30am to 4:00pm
- Sat 9:00am to 12:00pm, by appointment
- Sun Closed
Evening and weekend appointments are normal in this trade. Leave a message on the office line or text Marty on 0491 570 156 and you will hear back the same day.
Thanks, that is everything we need
Demonstration only. Nothing was sent and nothing was stored. On a live site this would reach hello@junctionhomeloans.com.au and a booking would be confirmed by phone.