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Reverse Mortgage Frequently Ask Questions

If you haven’t used a finance broker before, you probably have some questions. Let’s help you get some answers.

What is the average fee for a mortgage broker?

Typically, most mortgage brokers do not charge fees directly to their clients and instead will receive a commission from the lender. In the event a broker does charge a fee to their clients, the fee will depend on each individual broker and the agreement you have with them.

Can I get a mortgage with bad credit?

While it’s possible to get a mortgage with bad credit, it’s essential to be diligent, patient, and realistic throughout the process. Working with mortgage brokers, like our team at Oceania Finance, exploring all available options can increase your chances of securing a mortgage that meets your needs despite your credit challenges.

If you’re exploring your mortgage options but concerned about your credit history, contact our experienced mortgage brokers at Oceania Finance today.

How long does pre approval take?

Pre approval timeframes can vary from a couple of days to several weeks depending on each individual lender. However, generally, your mortgage broker can negotiate on your behalf and give you a more accurate timeframe.

At Oceania Finance, our team of experienced mortgage brokers work with a wide range of lenders and are skilled in negotiating on behalf of our clients. Contact us today for information.