FAQs
Access thorough responses to commonly asked questions and typical issues.
Frequently Asked Questions
Alongside our competitive rates, we are dedicated to assisting you with any queries you may have during your loan’s duration. Whether you are a first-time buyer or a seasoned investor, we are here to support you whenever needed.
What is the role of a broker?
A broker is a finance expert who collaborates with you to understand your borrowing objectives and assesses how much you can borrow. They typically offer a more customised service compared to direct lenders and have access to a variety of loan options from multiple institutions, enabling them to secure the most suitable terms for your individual needs.
Are there fees for home or investment loans?
When you secure a loan through a broker, there are no additional repayments or fees. Brokers receive commission from the lender for bringing in new clients, but this does not influence your interest rate or any other terms of the loan.
Is using a broker more costly?
Engaging a broker comes at no cost to you, as the lender compensates them. With access to a wide range of loan products from numerous lenders, brokers will identify the most suitable loan for your unique situation. Typically, this involves a combination of the lowest available interest rate and features that best suit your needs.
Some brokers may impose service fees, which should be clearly communicated prior to providing their services.
How much can I borrow?
While our borrowing calculator can provide a rough estimate of how much you might qualify for, a more accurate evaluation can be obtained by reaching out to our team. We can discuss your options and delve into your situation 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 than other loan types, including options like redraw facilities and the ability to make extra repayments. However, they lack fixed repayment amounts.
Conversely, fixed-rate home loans provide predictable monthly payments – you will know exactly how much to pay each month for the entire loan term. While these loans may not be as flexible in terms of features, they offer borrowers certainty when budgeting for repayments.
When deciding which loan type suits you best, consider what matters most – whether it’s flexibility or the assurance of fixed monthly payments.
Which lenders do you collaborate with?
Through our connection to a mortgage aggregator, we have the advantage of accessing loan options from over 40 different lenders. This enables us to present you with multiple viable options tailored to your specific circumstances.