Frequently Asked Questions

What will your service cost me?

Our service is free of charge.
PowerBond is a Mortgage Originator, what does this mean?
A Mortgage Originator offers a service to the home buyer whereby they will assist you in your home loan application. The originator will have a contract with one or more banks, from which they receive a fee.
Does the fee earned by PowerBond mean that I will incur hidden costs?
No. There are no hidden costs.
Once my application is submitted, how long does it take for approval?
You should receive confirmation within 48 hours.
What is the difference between "Approval in Principle" and "Final Grant"?
The Bank will approve your loan based on your supporting documentation submitted and on your credit history. Final Grant is awarded once the property valuation has been completed.