Frequently asked questions
Frequently asked questions
We offer a broad range of innovative mortgage products for owner occupiers and investors with full product features and ultra-competitive rates. We have a specific focus on SMSF loans secured by both residential and commercial property and are a market leader in this field.
Our loan products are currently being offered by over 7000 brokers across the country. We only use the services of experienced mortgage brokers and credit assessors to ensure your loan is handled with expert care from enquiry to settlement. We also manage the loan throughout its life and offer a modern internet banking solution to help borrowers self-manage their loan account.
We don't currently accept applications directly from borrowers. You are best working with an accredited broker who can assist you in completing the application and compiling all necessary supporting documents. Granite will then accept and process the broker's application made on your behalf.
You will need to engage with an accredited mortgage broker should you wish to lodge a loan application with Granite Home Loans.
Direct Debit arrangements can be put in place with the loan documents. You can make repayments on a weekly, fortnightly or monthly basis depending on whether you are making principal and interest repayments or interest only repayments. You have the ability to manage your loan accounts via our online Internet Access customer portal.
It is important you contact us as soon as possible if you miss a repayment or are experiencing any financial difficulty or stress. We will work with you to support you through any difficult times you experience.
Loan repayment will be set out in the approval letter, loan documents are also displayed on the online Internet Access customer portal.
A property valuation is a report on the proposed security property prepared by a professional valuer, with the assistance of relevant market and property data. The report provides Granite with an overview of the property, its current condition, future marketability and most importantly a professional opinion on its current market value. The figure is then used to ensure compliance with relevant credit policy and assist in the risk assessment and pricing determination.
Granite does not determine the value of your property. A professional valuer undertakes this task. Granite relies on the valuer's professional opinion.
This will depend on the value of the property being acquired, the state in which the property is located and whether or not you qualify for any exemptions. Your broker will be able to assist you here.
Yes, you will need a lawyer/ conveyancer to assist you to acquire title to the property and assist you to understand the loan documents and any guarantees or other securities to be provided.