Mortgage Broker in Cheltenham

In most cases, Summit Finance Group receives a commission from the lender when a loan is successfully settled. This means that in many lending scenarios, there is no direct fee charged to you as the client for our broking services. However, in some circumstances, such as certain commercial or specialised lending arrangements, a fee may apply. We are committed to full transparency, and we will always explain how we are remunerated before you proceed with any application. As a licensed finance broker operating under Australian credit laws, we are required to act in your best interests and to disclose any commissions or fees that apply to your situation.

Yes, absolutely. While Summit Finance Group is based in Melbourne, we work with clients right across Australia. Thanks to modern communication tools, we are well-equipped to assist clients remotely through phone, email, and video conferencing. Whether you are in regional Victoria, interstate, or anywhere else in the country, our team can provide the same level of professional service and support. We understand that not everyone has the time or ability to meet in person, so we have built our processes to accommodate clients wherever they are located. If you would prefer a face-to-face meeting and are in Melbourne, we are also happy to arrange that.

A fixed rate loan locks in your interest rate for a set period, which means your repayments remain the same during that time regardless of any changes in the broader market. This can provide a level of certainty when it comes to budgeting. A variable rate loan, on the other hand, has an interest rate that can move up or down in line with market conditions and lender decisions. Variable loans often come with more flexibility, such as the ability to make extra repayments or access a redraw facility. Some borrowers also choose a split loan, which combines elements of both. The right structure for you will depend on your personal circumstances and financial goals, and our team can help you understand the differences in more detail.

Getting started with Summit Finance Group is straightforward. You can reach out to us by phone, email, or through the contact form on our website to arrange an initial consultation. During this first conversation, we will take the time to understand your goals, your current financial situation, and what you are hoping to achieve. There is no obligation involved in having an initial discussion with us. From there, if you decide to proceed, we will outline the next steps, explain what documentation will be required, and begin working on your behalf. We are here to support you throughout the entire process and to make sure you feel informed and confident at every stage.

Summit Finance Group assists clients across a broad range of finance types. This includes home loans for owner-occupiers and investors, refinancing of existing loans, commercial property finance, business lending, equipment and asset finance, and vehicle finance. Whether you are purchasing your first home, looking to grow a property portfolio, or need funding to support your business operations, our team can work with you to explore what options may be available. We work with a wide panel of lenders, which means we are not limited to the products of a single institution and can consider a broader range of solutions on your behalf.

When you approach your bank directly, you are only seeing the products that one institution offers. A finance broker like Summit Finance Group has access to a panel of multiple lenders, which means we can compare a wider range of options on your behalf. Beyond product access, we also bring expertise in how different lenders assess applications, what documentation is required, and how to present your financial position in the most accurate and complete way. This knowledge can be particularly valuable if your situation is complex, such as if you are self-employed, have variable income, or are purchasing a non-standard property. We are here to guide you through the process from start to finish.

The documentation required will depend on the type of finance you are applying for and your individual circumstances. For most residential loan applications, lenders will typically require proof of identity, recent payslips or evidence of income, tax returns, bank statements, and details of any existing debts or liabilities. If you are self-employed, you may also need to provide business financial statements and tax returns for the past two years. For commercial or business lending, additional documents such as a business plan, profit and loss statements, and balance sheets may be required. Our team at Summit Finance Group will provide you with a clear checklist of what is needed based on your specific situation.

Having a history of credit issues does not automatically mean you are unable to access finance. There are lenders in the market who specialise in working with borrowers who have had defaults, late payments, or other credit challenges. At Summit Finance Group, we take the time to understand your full financial picture, including any past difficulties, so we can identify which lenders may be willing to consider your application. We will always be honest with you about your options and what to expect throughout the process. It is important to note that we cannot guarantee any outcome, and approval is always subject to the lender's own assessment criteria and policies.

The timeframe for a finance application can vary depending on the type of loan, the lender involved, and how quickly all required documentation is provided. For a standard residential home loan, the process from initial enquiry to formal approval can take anywhere from a few days to several weeks. Commercial and business lending applications may take longer due to the additional complexity involved. At Summit Finance Group, we work to keep the process moving as efficiently as possible by communicating clearly with both you and the lender throughout. Providing complete and accurate documentation from the outset is one of the most effective ways to avoid unnecessary delays in your application.

A finance broker is a professional who acts as an intermediary between you and a range of lenders, including banks, credit unions, and non-bank financial institutions. Rather than approaching lenders directly on your own, a finance broker works on your behalf to identify lending options that may suit your financial situation and goals. At Summit Finance Group, we take the time to understand your circumstances, explain your options clearly, and manage much of the paperwork and communication involved in the application process. This can save you considerable time and effort, particularly when you are unfamiliar with how lending products work or what lenders are looking for.