FAQs
Access detailed answers to common queries and concerns.
Frequently Asked Questions
We are dedicated to providing assistance with any inquiries you may have throughout your loan journey, in addition to offering competitive rates. Whether you are a first-time buyer or a seasoned investor, our commitment is to support you whenever you need it.
What is the role of a broker?
A broker is a finance expert who collaborates closely with you to understand your borrowing objectives and assess your eligibility for funding. They usually deliver a more personalised service compared to lenders and have access to a range of loans from various lenders, allowing them to find the most suitable loan conditions for your specific circumstances.
Are there any fees for home or investment loans?
When you secure a loan through a broker, there are no additional 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 use a broker?
Engaging a broker doesn’t incur any costs for you, as the lender compensates your broker. With access to a wide range of loan products from numerous lenders, brokers can identify the most suitable loan tailored to your needs. Typically, this involves a combination of the most competitive rate available at that time and the features that best suit your situation.
Some brokers may charge service fees, which must be communicated before they commence their services.
How much 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 indicated, variable-rate home loans feature interest rates that fluctuate over time. They generally offer more flexibility compared to other loan types, including options like redraw facilities and extra repayments. However, they do not guarantee fixed repayment amounts.
Conversely, fixed-rate home loans provide predictable monthly payments, allowing you to know exactly how much you will pay monthly for the entire loan term. While these loans may lack some flexible features, they offer borrowers stability in budgeting for repayments.
When deciding which loan type suits you best, consider what matters most—be it flexibility or assuredness regarding your monthly payments.
Which lenders do you collaborate with?
Thanks to our connection with a mortgage aggregator, we have the opportunity to access loan solutions from over 40 lenders. This advantage enables us to assist you in discovering various suitable options tailored to your unique situation.