FAQs
Discover detailed responses to common queries and typical concerns.
Frequently Asked Questions
Alongside our competitive rates, we are dedicated to assisting you with any inquiries throughout the duration of your loan. Whether you are a first-time buyer or a seasoned investor, we are committed to being your support when needed.
What is the role of a broker?
A broker is a finance expert who collaborates with you individually to explore your borrowing objectives and assess how much you can borrow. They usually offer a more personalised service compared to lenders and have access to a variety of loans from different lenders, allowing them to identify the most suitable loan conditions for your specific circumstances.
Do you impose charges for home or investment loans?
There are no additional repayments or fees when securing a loan through a broker. Brokers receive commissions from lenders for bringing in new business, but this does not influence your interest rate or any other terms of your loan agreement.
Is it pricier to work with a broker?
Engaging a broker incurs no cost to you as the lender compensates your broker. With access to numerous loan options from different lenders, brokers will identify the most suitable loan for your needs and situation. Typically, this involves combining the lowest available rate at that moment with features that align with your preferences.
Some brokers may apply service fees, which will be communicated before they commence their services.
What is the maximum amount I can borrow?
While our borrowing calculator can provide a reasonable estimate of the funds you might qualify for, a more accurate evaluation requires contacting our team. We can discuss your options and delve into your circumstances in greater detail.
Should I choose a fixed or variable rate?
As the name implies, variable-rate home loans feature interest rates that fluctuate over time. They often offer more flexibility compared to other loan types, including features such as redraw facilities and additional payment options. However, repayment amounts are not fixed.
In contrast, fixed-rate home loans provide predictable monthly repayments – you will know the exact amount you need to pay each month throughout the loan term. While these loans may lack some flexibility in features, they offer borrowers stability when budgeting for repayments.
When deciding which loan type suits you best, consider what matters most – whether it’s flexibility or certainty regarding your monthly payments.
Which lenders do you collaborate with?
As we are affiliated with a mortgage aggregator, we have the advantage of accessing loan options from more than 40 lenders. This allows us to assist you in discovering various suitable solutions tailored to your unique circumstances.