FAQs

A mortgage broker acts as the link between you and lenders. We compare loan products from a wide range of banks and lenders, then recommend the option that best suits your needs. At Culloden Finance, our role is to simplify the process, negotiate on your behalf, and make sure you secure the right loan with confidence.

Banks can only offer their own products, while a broker has access to many different lenders and loan types. This means you get more choice, more flexibility, and potentially a better deal. Plus, a mortgage broker guides you through the entire process, making it faster and less stressful.

Our services are generally at no cost to you. In most cases, we are paid by the lender once your loan is settled. We’ll always explain how this works upfront so there are no surprises.

Yes. We work closely with first-home buyers to explain the process, check eligibility for government grants and schemes, and ensure your loan is structured to suit your long-term goals. We make the process simple, clear, and supportive.

Refinancing usually means switching your loan to a new lender for a better deal, while restructuring means adjusting your current loan set-up (such as changing features or repayment options). Both can help you save money, free up equity, or improve flexibility. We’ll assess your situation to recommend the best option.

While we’re based in Chadstone, we work with clients across Melbourne and Victoria. Whether you prefer face-to-face or online consultations, we make it easy to get the right advice wherever you are.

Our core local suburbs

• Oakleigh
• Oakleigh East
• Mount Waverley
• Clayton
• Hughesdale
• Chadstone
• Notting Hill
• Burwood
• Ashwood
• Ashburton
• Carnegie
• Malvern East
• Glen Waverley

Typically, you’ll need proof of income (like payslips or tax returns), details of assets and liabilities, and identification documents. We’ll provide you with a clear checklist tailored to your situation so you know exactly what’s required.

Timeframes vary depending on the lender and the complexity of your application, but most approvals take between 2 and 6 weeks. We’ll manage the process and keep you updated so there are no delays or surprises.

Yes. Being self-employed does not mean you cannot qualify for a home loan, but the process can be more complex. Lenders usually ask for extra documentation such as tax returns, business activity statements, or financial reports. At Culloden Finance, we specialise in helping self-employed clients present their finances clearly and secure a competitive loan.

SMSF lending allows you to use your self-managed super fund to invest in property. This type of loan has specific rules, requirements, and compliance considerations, so it is important to structure it correctly. We provide expert guidance to ensure your SMSF loan is set up properly and aligned with your long-term retirement strategy.

Most lenders require at least a 5 to 20 percent deposit, depending on the loan type and your financial situation. First-home buyers may also be eligible for government schemes and grants that reduce the required deposit. We will assess your circumstances and explain the best options to help you get into the market sooner.

There are several strategies to reduce the life of your mortgage and save on interest. Making extra repayments, switching to fortnightly instead of monthly payments, or using an offset account can all make a significant difference over time. At Culloden Finance, we review your loan structure and recommend practical ways to help you pay off your home loan sooner while keeping flexibility for your lifestyle and goals.

Medico loans are specialised home loan products designed for medical professionals such as doctors, dentists, pharmacists and allied health specialists. Many lenders offer unique benefits for healthcare workers, including lower deposit requirements, waived Lenders Mortgage Insurance (LMI), and competitive interest rates. At Culloden Finance, we help medical professionals across Melbourne and suburbs like Clayton, Burwood, Malvern East, and Glen Waverley access these tailored loan options. We’ll review your eligibility and structure a solution that supports both your career and long-term property goals.

Yes. At Culloden Finance, we work closely with healthcare professionals who live and work in Melbourne’s leading medical and university precincts. Whether you are based near Monash Medical Centre in Clayton, the Deakin Health Campus in Burwood, Cabrini Health in Malvern East, or surrounding suburbs such as Notting Hill, Glen Waverley, Ashwood, and Oakleigh, we can help you secure tailored finance solutions. Many lenders offer specialised home loan options for doctors, nurses and medical staff, including reduced deposit requirements and waived fees. We’ll guide you through these opportunities to make sure your loan supports both your lifestyle and career goals.