Yes. Well—it’s not free for the banks! As mortgage brokers, we’re legislated to be independent, and we’re paid by the bank after you secure your loan. We’re all about what works for you.
Yes. Mortgage brokers are highly regulated to remain independent. We are bound by the best interests duty (BID) law and Responsible Lending guidelines, both of which ensure we provide credit recommendations and assistance that are best suited to your individual circumstances.
Yes. We help refinance clients, dependent upon ability to afford a new home loan, similarly to a purchase. Refinancing keeps banking competitive—and keeps the banks honest.
This is dependent on your individual income, your living expenses, and any ongoing credit facilities. Combined, they reveal a net monthly surplus of your income minus expenses—and this number dictates how much each bank will lend you.
Interest rates are dictated by your Loan to Value Ratio (LVR) and by how much you’re borrowing. Each bank has LVR tiers, where higher loans with lower risks attract the lowest rates. Smaller loans with a higher LVR or risk rating will attract a higher rate. The interest rate market is constantly moving, so we tailor the best interest rate for you from the 40+ lenders on our panel.
Possibly. Different states and even regions have different conditions—we can advise in detail as soon as we know your exact circumstances. In Queensland for example, Australian citizens with $125k income (singles) or $200k income (couples) who haven’t owned a home in 10 years and plan to live in a newly bought home can leverage just 5% deposit under the First Home Guarantee. Talk to us to find out more.
Stamp Duty is a Government fee which changes based on the purchase price of your home. The more expensive your home, the higher the charge. Stamp Duty is also higher when purchasing an investment property versus an owner-occupied property. We can provide a calculator that shows exactly what stamp duty will cost you.
Home loans can be secured as quickly as 4 hours. Timing is dependent on the lender you’ve chosen and its service levels at that time. Most commonly in the current market, we’re seeing home loans secured for our clients in 2-5 days.
Across the board there is a range of costs—all of which we can expertly navigate with you. From stamp duty, Transfer Fees, Lenders Mortgage Insurance, bank fees, conveyancing, building and pest inspections, rates and water adjustments, commissions, discharge fees, and more!
That’s why it’s important to have our expertise at your service. We’ll expertly navigate the red tape, and take away the stress while minimising your fee exposure.
Yes. Exactly how bad your credit report is will dictate what type of finance you’re eligible for. We help by obtaining a credit report from Equifax to first understand the details of any defaults or negative records, then advise on how to repair and what loans to aim for.
