FAQs
Discover thorough responses to common queries and important concerns.
Frequently Asked Questions
Alongside offering attractive rates, we take pride in our availability to assist with any queries you may have throughout your loan’s duration. Whether you are a first-time buyer or a seasoned investor, we are dedicated to being there for you whenever you need support.
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 your eligibility for funding. Brokers generally offer a more customised level of assistance compared to lenders and have access to a wide range of loans from various providers, enabling them to secure the most suitable loan terms for your specific circumstances.
Do you impose charges for home or investment loans?
When obtaining a loan via a broker, there are no additional loan repayments or fees involved. Brokers earn a commission from the lender for bringing in new business, but this does not influence your interest rate or any other terms of the loan agreement.
Is it costlier to work with a broker?
Engaging a broker is at no cost to you, as the lender compensates your broker. With access to numerous loan products from various lenders, brokers will identify the most suitable loan for your unique situation. Typically, this involves a combination of the most competitive rates available and features that best meet your needs.
Some brokers may charge service fees, which should be clearly communicated before they commence their services.
What amount can I borrow?
While our borrowing calculator can provide a reasonable estimate of your potential borrowing capacity, for a more accurate evaluation, please reach out to our team. We can discuss your options and delve into your circumstances in greater detail.
Should I choose a fixed or variable rate?
As implied by the name, variable-rate home loans feature interest rates that fluctuate over time. They often provide more flexibility than other loan types, including features like redraw facilities and additional payment options. However, they do not guarantee fixed repayment amounts.
Conversely, fixed-rate home loans offer stable monthly repayments – you will know precisely what to budget for each month throughout the loan term. While these loans may lack some flexibility in features, they provide borrowers with assurance when planning their repayments.
When deciding which loan type suits you best, it’s essential to evaluate your priorities – whether that’s flexibility or the certainty of your monthly repayments.
Which lenders do you partner with?
Thanks to our connection with a mortgage aggregator, we can access loan options from more than 40 lenders. This allows us to assist you in finding a variety of fitting choices for your unique circumstances.