Odin Mortgage FAQs

Odin Mortgage’s internal assessment process will not affect your credit rating. It is when we lodge your application with the chosen bank that it may have a minor effect on your credit score. Checking your credit is a mandatory step for getting a mortgage.

Making multiple loan enquiries with several different lenders will harm your credit score. Odin Mortgage helps you avoid this by recommending only the best mortgage options for approval.

After you apply with Odin Mortgage, often we’ll be able to order a valuation upfront simultaneously with the submission of your application. Other times the lender will request the valuation themselves after assessing the eligibility of your application.

A third-party valuer will visit the property you’re buying or refinancing to appraise the property. From there, they’ll compare your property against other similar, recently sold properties in the area to come up with an estimation of value.

If purchasing a property, most valuations will come in at the purchase price unless the purchase was an off-the-plan apartment in which case valuations vary depending on how the market performed from when development began till completion.

To start applying with Odin Mortgage, we recommend you have the following information on hand:

– A separate email address and number for each person that will be on the mortgage. Note: Whoever is on the title of the property will also have to be on the mortgage.
– Your income (including any rental income) and other employment information.
– Details about any liabilities, such as amount owing, interest rate, loan tenor, monthly repayments.
– Details about any assets, such as savings accounts, property, other investments.

For compliance reasons, whether it be for verification of identity, ensuring responsible lending, or witnessing your mortgage documents. You’ll need to chat with one of our expert advisers either online, by phone or in-person, to answer some questions.

Once your application is complete, we may call you while we’re working on finalizing your loan. We’ll use emails and phone calls to communicate important information about your valuation, your approval, your settlement and more.

If you happen to be in Hong Kong, then we will be more than happy to answer any inquiries in-person. Just drop by our office or reach out via our Contact Us page to get in touch.

For everyone else, we have our own simple video conferencing platform (no download or sign up required). You can book a meeting with us online here.

P.S. Skype or Zoom is perfectly fine with us too.

Odin Mortgage is accredited with over 30 lenders. Our ACL has also allowed us flexibility in establishing accreditation with lenders outside of the normal scope.

Most importantly is that Odin Mortgage is engaged with all the lenders that will accept Australian expatriates, Australian Permanent Resident Visa holders, and foreign nationals resulting in the broadest range of possible options available.