No! Our service is completely free for you. We’re only paid by the lender once your loan is successfully settled—there are no application, cancellation, or hidden fees. With our Best Rate Guarantee, we focus on securing the most competitive offer available. We also cover all bank closing costs. 

With access to over 70 lenders, Clear Pacific guarantees that you get the best available rate in the market before you make your decision. We compare real offers side-by-side including any offer you have received, and our brokers negotiate on your behalf to secure the lowest possible rate for your situation. 

While it may seem like your bank would offer the best rates, that’s often not the case. Here’s why:

• Captive Customers: Banks don’t always offer their best rates to existing customers. They often provide competitive rates to attract new customers, leaving loyal ones with higher rates.

• Limited Access: Your bank may not have the most competitive promotions or special offers, especially if market rates are falling and they’re slow to adjust.

• Comparing Made Easy: With access to 70+ lenders, brokers can quickly compare offers from a wide range of providers, including those with lower rates or better terms that your bank might not offer.

• No Cashbacks or Promotions: Many banks no longer offer cashback deals, which brokers can still help you access from other lenders.

• Slow Rate Adjustments: Even when market rates fall, your bank may not reduce your variable rate as quickly as other lenders.

• Other Refinancing Issues: Existing banks often have stricter refinancing criteria, and you may be stuck with hidden fees, lower approval amounts, or less flexible terms compared to what you could get from a broker’s wider range of options.

You can receive a no-obligation pre-approval in just 15 minutes during your first call. 

Clear Pacific prides itself on fast settlement. We typically complete the refinancing process in 30 days or less. Our streamlined process saves you time, so you can start enjoying the benefits sooner.

The amount you can borrow depends on various factors like your income, expenses, credit score, and Debt-to-Income (DTI) ratio.

DTI Ratio: You can typically borrow 6 to 7 times your gross annual income. For example, with an income of $100,000, you could borrow up to $600,000.

Higher-risk loans: Lenders may approve higher DTI ratios, especially if you have significant assets or equity. However, anything above 8-9 times your income may be considered high risk.

Credit Score: A strong credit score increases your borrowing capacity and can secure better rates. A lower credit score may limit how much you can borrow or result in higher rates.

Property Value and LVR: Lenders typically cap the Loan-to-Value Ratio (LVR) at 80% for standard loans. However, with Lenders Mortgage Insurance (LMI), you may be eligible to borrow up to 95% LVR. In some cases, certain professionals may be eligible for 100% LVR without LMI.

Each lender has different criteria, so it’s important to compare options to find the best deal based on your financial profile.

A Low-Doc (Low Documentation) Loan is designed for borrowers who may not have the traditional documentation like tax returns or full financial statements. This option is particularly beneficial for self-employed business owners or those with fluctuating income.

Is it suitable for my business?
If your business is self-employed or you have irregular income sources, a Low-Doc loan can be a great fit. For example, La Trobe Financial, a leading lender, offers Low-Doc loans for borrowers who can’t provide extensive financial records. Instead of traditional documents, La Trobe may accept a few key items to verify income, such as:

• Business Activity Statements (BAS)
• Bank statements for the last 6-12 months
• An income declaration form

These alternative documents help streamline the approval process, making it faster and easier for business owners to secure funding.

If you think a Low-Doc loan could be right for your business, contact us for a personalized consultation to learn more about your options

Absolutely. Clear Pacific Capital specialises in helping clients who’ve been turned away by traditional lenders. The Big 4 banks often reject perfectly sound commercial deals due to rigid criteria. However, there’s a wide range of niche lenders in the market—like BizCap, who work with self-employed applicants, even those with bad credit, by focusing on property equity and cash flow. Clear Pacific partners with a diverse panel of lenders who assess applications more flexibly and are open to clients with past rejections. Their strength lies in finding the right fit based on your unique situation.

Yes — we specialise in these kinds of applications. Low doc loans are very popular with reasonable rates. With access to non-bank and specialist lenders, we can help self-employed clients who may not have up-to-date returns or full documentation.

Absolutely. With RBA recent rate cuts, this is optimal time to refinance your mortgage at zero cost with us.  We can help you refinance to a better rate, pull out equity, or switch to a more flexible loan product.

Eligibility requirements can differ among lenders. Generally, factors such as your credit history, income, employment status, and the value of the property you’re interested in will be considered. Clear Pacific Capital works with a variety of lenders, including those who offer flexible eligibility requirements, especially for individuals with unique financial situations.

• Proof of Identity: Passport or driver’s license, and optionally a Medicare card or birth certificate.

• Proof of Income: Recent pay slips, tax returns, and bank statements (last 3 months).

• Property Details: Current mortgage statements, valuation report, and title deed (if applicable).

• Other Financial Documents: List of assets and liabilities, credit card statements, and existing debt details.

• Details of the Current Loan: Loan contract, account number, and loan balance.

• Lender-Specific Requirements: Referral letter, property insurance details, or other lender-specific requests.