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How
much money can I
borrow?
Whether you are a
first-time home
buyer or a property
investor, you may be
able to borrow
between $50,000 and
$4,000,000. If you
are a company or a
business owner with
one or more years in
operation, you may
be able to borrow
between $100,000 and
$10,000,000. The
amount will vary
based upon a number
of credit
attributes. Ring now
to GET STARTED.
Top...
When I receive my
pre-approval, am I
guaranteed
financing?
No. When we provide
you a pre-approval
notice, it simply
means that you have
met the minimum
credit
qualifications
required to proceed.
You may barely meet
these credit
requirements, or you
may greatly exceed
them. Each credit
situation is
different. We only
pre-approve clients
that have a better
than likely chance
of receiving
funding, since our
efforts are free
until we
successfully help
you secure funds.
Ring now to GET
STARTED.
Top...
What
is the interest rate
on my loan?
The interest rate
varies depending on
your credit
situation and the
loan program which
you decide on. If
you are unsure, feel
free to have a chat
with one of our loan
officers and they
will gladly provide
you with our
Comparison Rate
Sheet. Ring now to
GET STARTED.
Top...
What are the loan
terms?
Depending on the
loan amount, the
loan terms will
range from 24 months
to 30 years. Lines
of credit can
actually have
perpetual terms in
some instances. Ring
now to GET STARTED.
Top...
If I
don't like the terms
and conditions of my
loan, am I obligated
to take the loan?
We clearly state the
interest rates, the
terms of the loans,
and the nature of
our service before
we proceed with your
loan request. If you
are not completely
comfortable with our
service, we
recommend that you
do not proceed.
Please note, after
you are approved,
you will be provided
with loan
disclosures by our
office. If after
reading our
disclosures, you
decide not to
continue, you can do
so with no
obligation to us. We
only ask of a
minimal fee for our
administration to be
deducted, should a
fee was originally
paid. Ring now to
GET STARTED.
Top...
What are the costs
involved?
We believe that
reputable firms do
not charge any
hidden fees of any
kind for financing.
Therefore, all our
efforts are
guaranteed at no
cost to you, until
your loan is
approved and you
have funds in hand.
At that point we
have a loan
processing fee (for
residential loans)
or a commitment fee
(for commercial
loans), that vary
based upon the
amount of financing
you receive and the
type of loan program
with which we
assisted your needs.
Your loan consultant
will clearly explain
our fee structure,
both verbally and in
writing, before we
proceed. Many loan
programs have no
application fees and
there are never any
obligations on your
part. Ring now to
GET STARTED.
Top...
How
long does the
process take from
start to finish?
Initially, it takes
less than 24 hours
for us to completely
analyse your credit
situation. If you
meet the
pre-qualification
criteria for any of
our loan programs,
you can be approved
in less than 48
hours after you
decide to proceed.
However, it can take
longer depending
upon how responsive
you are throughout
the loan process.
Click here to GET
STARTED.
Top...
Is there a way to
speed up the
process?
The best way to
speed up the process
is to be responsive
to all phone calls
and requests. Ring
now to GET STARTED.
Top...
I
have bad credit, but
I have a co-signer
with good credit.
Can I still apply?
Yes. Ring now to GET
STARTED.
Top...
I have a few credit
problems, but
nothing recent. Can
I still apply?
If you have not had
a bankruptcy in the
last 7 years or any
unpaid collections,
defaults, tax liens,
repossessions, or
serious late
payments in the last
3 years, you can
apply. Please
understand that you
still may not
pre-qualify, and
even if you do
pre-qualify, you may
not be eligible for
your maximum loan
amount requested. We
may still be able to
assist on a
case-by-case basis.
Ring now to GET
STARTED.
Top...
I
have a previous
bankruptcy, can I
still apply?
Only if the
bankruptcy is 7
years or older and
there supporting
documents to explain
the nature or cause
of that bankruptcy.
Ring now to GET
STARTED.
Top...
Are there any early
repayments or
lump-sum payment
penalties?
In most instances,
there are no early
repayment or lump
sum payment
penalties. Full
disclosure on this
subject will be
provided to you
before you accept
any loan. Ring now
to GET STARTED.
Top...
Exactly what kind of
company is General
Mortgage Credit?
We are a nationwide
mortgage lending
company,
specialising in
residential and
commercial loan
programs that offer
our clients the
fastest and easiest
possible access to
funds. Ring now to
GET STARTED.
Top...
What kind of loans
does General
Mortgage Credit
offer?
In addition to full
documentation loans,
we also specialise
in low and no
documentation loans
that are approved
and funded quickly,
with the fewest
hassles possible for
our clients. These
additional programs
include Professional
Option Home Loan, Lo
Doc Standard Home
Loan, No Doc
Standard Home Loan,
Lo Doc Line of
Credit, No Doc Line
of Credit,
Commercial Full Doc
Loan, and Commercial
Lo Doc Loan. Ring
now to GET STARTED.
Top...
Why
am I better off with
General Mortgage
Credit?
There are several
reasons. First and
foremost, you are on
your own when you go
into a bank. It can
be intimidating and
confusing for a
layperson to obtain
a residential or
commercial loan
without prior
experience. Often a
simple mistake can
start a chain
reaction of
problems. By
utilising our
service, you will
have an expert on
your side guiding
you through the
entire process. We
bring you our most
active funding
source. We eliminate
costly mistakes and
ensure that you
apply correctly the
first time. We help
you obtain larger
approvals at better
terms and without
the hidden bank
costs associated.
The bottom line
is...we have a
tremendous amount of
experience and
success in this
area! With over 50
years of combined
experience, we know
that we can help you
get approved, while
saving you a
tremendous amount of
time and eliminating
the hassles
typically associated
with borrowing
money. Ring now to
GET STARTED.
Top...
Who should I contact
once my loan is in
process?
Once you submit your
loan application, a
loan officer is
assigned to guide
you through the loan
process. Your loan
officer is your
point of contact and
will remain to be
with you, even after
your loan settles.
Ring now to GET
STARTED.
Top...
What kind of
documentation will I
need to provide for
verification?
Our streamlined loan
process minimises
the number of
documents required.
The actual documents
that you need to
provide will vary
based on your
situation. Ring now
to GET STARTED.
Top...
How does General
Mortgage Credit
protect my personal
information when I
apply?
Privacy is a concern
to all consumers.
General Mortgage
Credit takes
stringent measures
to protect your
personal
information. Once
you submit your
application, your
personal information
and details are then
stored in our
secured General
Mortgage Credit
servers. In order to
ensure continued
compliance with
General Mortgage
Credit's privacy
policy, independent
auditors regularly
review all internal
processes and
systems. Ring now to
GET STARTED.
Top...
What methods can I
apply?
You can either call
us on our toll-free
number 1300 308 689,
via facsimile, or
online at:
www.gmcgroup.com.au
Ring now to GET
STARTED.
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