FAQs
Discover detailed responses to common questions and concerns.
Frequently Asked Questions
Alongside competitive rates, we are dedicated to being available for any questions you may have during the duration of your loan. Whether you are a first-time buyer or an experienced investor, we are committed to supporting you whenever you need assistance.
What is the role of a broker?
A broker is a finance expert who collaborates with you to explore your borrowing objectives and assess how much you can borrow. They often deliver a more tailored level of service compared to a lender and have access to a variety of loans from different lenders, enabling them to find the most suitable loan conditions for your specific needs.
Are there fees for home or investment loans?
When securing a loan through a broker, you will not incur additional loan repayments or fees. Brokers receive a commission from the lender for bringing in new clients, but this does not influence your interest rate or any other terms of the loan agreement.
Is using a broker more costly?
Engaging a broker comes at no cost to you, as the lender compensates your broker. With access to a wide array of loan products from various financial institutions, brokers will identify the most suitable loan for your unique situation. Typically, this involves a blend of the most competitive rate available at that moment and the features that best meet your needs.
Some brokers may impose service fees, which must be clearly communicated prior to delivering their services.
What is my borrowing capacity?
While our borrowing calculator can provide a general 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 options and examine your personal circumstances in greater detail.
Should I choose a fixed or variable interest rate?
As the name implies, variable-rate home loans feature interest rates that fluctuate over time. They usually offer greater flexibility than other loan types, often including features like redraw facilities and options for additional payments. However, the repayment amounts are not fixed.
Conversely, fixed-rate home loans provide consistent monthly repayments – you will know the exact amount you need to pay each month for the loan’s entire term. While these loans may lack some flexibility in features, they offer borrowers stability when managing repayments.
When deciding which loan type suits you best, it’s essential to consider what matters most to you – whether it’s flexibility or certainty in your monthly repayments.
Which lenders do you collaborate with?
Thanks to our connection with a mortgage aggregator, we have the advantage of sourcing loan options from over 40 different lenders. This allows us to assist you in identifying multiple suitable choices for your specific situation.