We’re not surprised you’ve got a couple of questions, so we’ve answered the most common ones below. For everything else, you can speak to a member of our team here.
A finance broker is a professional who collects your information to apply for loans on your behalf. Their extensive knowledge gives you the best chance at loan approval and a competitive product.
A finance broker will understand your financial situation and compare against many banks’ lending policies to give you the best chance at loan approval. They also have access to more than 35 lenders, meaning the loan you get will be more competitive.
In most cases, using a finance broker will not cost you anything. This is because we invoice the bank once your new loan settles. There are some circumstances where a fee is applicable, but this will be discussed and explained the first time we meet.
We have access to more than 35 different banks & lenders, and are always on the lookout for more.
Many lenders offer cash back for eligible home loan refinances. However, it is our job to find the loan best suited to your needs. This means the best option may not include a cashback offer.
We like to think of ourselves as a one-stop shop for all things finance. This means we can help with home loans, investment loans, car loans, personal loans, asset finance, business & commercial loans.
Stamp duty is a tax paid to the state government when property ownership is transferred.
Stamp duty varies state by state and is usually 5-8% of the property value. You may be eligible for stamp duty discounts or waivers.
In most cases stamp duty is payable for all property transfers, such as purchases. Some states, however, offer stamp duty concessions and discounts.
Lenders mortgage insurance (LMI) is a fee paid by customers who are seen as riskier to a bank. This is usually dependent on how much is needed to borrow to buy a property.
An offset account is a transaction account linked to a home loan. This account usually allows transactions, such as deposits, withdrawals, card purchases and direct debits. Every dollar in the offset account is a dollar where interest is not charged on the home loan.
E.g. Loan balance = $250,000 & Offset account = $50,000 means you only pay interest on $200,000 ($250,000 – $50,000)
