Frequently asked questions
Alongside providing attractive rates, we take pride in our availability to assist with any queries you may have during the entire duration of your loan. Whether you’re a first-time buyer or a seasoned investor, we are dedicated to supporting you whenever you need us.
What does a broker do?
A broker is a financial expert who collaborates with you individually to understand your borrowing objectives and assist in determining your loan eligibility. They usually offer a more tailored service compared to a direct lender and have access to a variety of loan options from multiple lenders, allowing them to secure the interest rates and loan conditions tailored to your specific needs.
Do you charge fees for home or investment loans?
There are no extra loan repayments or fees when you take out a loan through a broker. A broker is simply paid commission by the lender for introducing new business, but this doesn’t affect your interest rate or other aspects of the loan agreement.
Is it more expensive to use a broker?
Using a broker doesn’t cost you anything because the lender compensates the broker. With a wide range of loan products from numerous lenders, brokers can identify the perfect loan that suits your unique circumstances. Typically, this involves securing the lowest available rate and the most convenient product features for you.
However, it’s important to note that some brokers may charge service fees, which they are required to disclose before offering their services.
How much can I borrow?
While our borrowing calculator will assist in providing an indicative amount you may be able to borrow , for a more precise assessment, please get in touch with our team. We can then go through your options with you and chat about your circumstances in further detail.
Should I go for a fixed or variable rate?
As the name implies, variable-rate home loans have interest rates that fluctuate over time. These loans often provide greater flexibility compared to other types, offering features like redraw facilities and options for extra payments. However, they do not guarantee fixed repayment amounts.
Conversely, fixed-rate home loans offer consistent monthly repayments, allowing you to know exactly how much you’ll need to pay each month throughout the loan term. While these loans may lack some flexible features, they provide the certainty and peace of mind needed for budgeting your repayments.
When deciding which type of loan suits you best, it’s essential to consider your priorities—whether you value flexibility or the predictability of your monthly repayments more.
Which lenders do you work with?
Because we are connected to a mortgage aggregator, we have the privilege of being able to source loan options from over 50 different lenders. This means that we can help you find multiple suitable options for you and your specific situation.