FAQs
Discover detailed responses to common questions and concerns.
Frequently asked questions
Alongside our competitive rates, we take pride in being accessible for any queries you may have during the duration of your loan. We are dedicated to assisting everyone, from first-time home buyers to seasoned investors – regardless of your experience, we’re here for you whenever you require support.
What role does a broker play?
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 customised service compared to lenders and have access to a variety of loans from several lenders, enabling them to identify the most suitable loan conditions for your specific needs.
Are there fees for home or investment loans?
There are no additional repayments or fees associated with securing a loan through a broker. A broker earns a commission from the lender for bringing in new clients, but this does not influence your interest rate or the terms of the loan agreement.
Is using a broker more costly?
Employing a broker comes at no cost to you, as the lender compensates your broker. With access to a wide array of loan products from numerous lenders, brokers can identify the most suitable loan for your situation. Typically, this involves securing the lowest rate available alongside product features that align with your needs.
Some brokers may impose service fees, which will be disclosed prior to delivering their services.
What is the amount I can borrow?
While our borrowing calculator can provide a rough estimate of how much you might be eligible to borrow, for a more accurate evaluation, please reach out to our team. We can discuss your circumstances in greater detail and explore your options together.
Should I choose a fixed or variable rate?
As the name implies, variable-rate home loans have interest rates that may fluctuate over time. They generally offer more flexibility than other loan types, featuring options such as redraw facilities and additional payment choices. However, they do not guarantee fixed repayment amounts.
Conversely, fixed-rate home loans provide predictable monthly payments – you’ll know exactly how much is due each month for the entire loan term. While these loans might lack some flexibility in features, they offer borrowers stability when planning repayments.
When deciding which loan type suits you best, it’s beneficial to consider what matters more – whether it’s flexibility or certainty regarding your monthly repayments.
Which lenders do you collaborate with?
Thanks to our connection with a mortgage aggregator, we can access loan options from over 40 different lenders. This enables us to assist you in finding multiple appropriate options tailored to your specific needs.