AI agents
Can an AI agentget me a mortgage?
No. But it can do most of the work in front of one.
An agent can tell you what you could borrow, what a lower rate would save, whether refinancing covers its own costs and what your lender’s discharge process is. It can’t apply. In Australia a lender assesses the credit and a licensed broker submits it.
- What it can do
- The numbers
- What it can’t
- Apply, or quote your rate
- Setup
- One URL, about a minute
- Cost
- Free, no account
Pick your agent
The instructions differ, the tools don’t. Each of these connects to the same arthr server.
Why an agent needs help with this
Ask any assistant what you could borrow and it will answer. The answer will be plausible and it will usually be wrong, because Australian lending has rules a general model doesn’t carry.
Serviceability
Lenders test your repayments about three percentage points above the rate you’d actually pay. At 6.2% you are assessed at roughly 9.2%.
Stamp duty
Eight separate state scales, and they move at budget time. A $900,000 place costs a different amount in Melbourne than in Brisbane, before any first-home concession.
Usable equity
Not value minus balance. It’s 80% of the value minus the balance — on a $900,000 house with $600,000 owing that is $120,000, not $300,000.
Connecting arthr replaces the guess with the sum. Every answer comes back with a link to the calculator that produced it, so you can check the figure rather than take the model’s word for it.
What’s the stamp duty on a $900,000 place in Victoria if I’m a first-home buyer?
$49,070. That’s the full rate: Victoria’s first-home concession phases out at $750,000, so at $900,000 it doesn’t apply. At $700,000 the same purchase would be $24,713. Check it on the stamp duty calculator.
estimate_stamp_duty · state: VIC · price: 900000 · buyerType: first-home
Where the line sits
An agent can
- Work out borrowing power, repayments and refinance savings
- Tell you the break-even on a switch
- Work out usable equity and stamp duty
- Look up your lender’s discharge form and timeframe
- Re-run all of it whenever your numbers change
An agent can’t
- Apply for a loan
- Be the credit assessor
- Tell you the rate a lender would give you
- Negotiate with a lender’s credit team
- Fix a file that gets declined
Those need a licensed broker and a lender, and no amount of automation removes them.
Questions
Can an AI agent apply for a home loan for me?
No. A home loan is credit, and in Australia a lender has to assess it against their own rules while a licensed broker submits it. An agent can do everything up to that point — work out what you could borrow, compare rates, check whether a refinance pays for itself, find your lender's discharge form — but it can't be the applicant or the broker.
Can I use an AI agent instead of a mortgage broker?
For the research, yes. For the loan, no. An agent will happily produce a confident number, but it can't submit an application, negotiate with a lender's credit team, or fix a file that gets declined. Those are the parts that decide whether you get the loan, and they're regulated for that reason.
Can an AI agent compare Australian home loans?
It can compare the maths, which is most of the question. Connected to arthr it will run repayments, borrowing power, refinance savings, break-even and stamp duty on real Australian rules rather than guessing. What it can't do is tell you the rate a particular lender would give you — that depends on your situation and comes from a broker.
Can AI monitor my rate and tell me when to refinance?
Not yet, not through arthr. A persistent agent can re-run the numbers whenever you ask, and if you tell it your balance and rate it will tell you what a better rate would save and how long the switch takes to pay for itself. It can't watch the market for you, because arthr's tools don't quote live rates — you supply the rate to compare against.
Is it free?
Yes. No account, no API key, nothing to authorise. The tools take numbers, do the sum and send the answer back, and we don't store what you asked.
Then talk to someone
An estimate tells you roughly where you stand. A broker tells you what you can actually get, and then goes and gets it.