Frequently Asked Questions
If you haven’t used a mortgage or finance broker before, you may have some questions about how it works.
We work with you to research and compare the most suitable loan product from a panel of lenders. Our job is to always be there for you because the finance process can be very tedious, time consuming and very confusing. We take this pain away and do the heavy lifting for you.
Going straight to a bank/lender means you will only get offered what they sell? This is old fashioned and narrows your choices and means you may not be aware of much better deals/offers available in the market. Our service is focused on comparing and helping you get the best outcome available.
The short answer is no we don’t. We get paid commission which is almost identical across all lenders. This means there is certainly no financial incentive to favor one lender over another. We solely focus on the most suitable loan product for our clients.
Your borrowing power can vary depending on a multitude of factors such as your income levels, ongoing debts and expenses as well as how many dependents you have. To get an accurate picture of your borrowing capacity it is vital to work with an experience broker so you can get an accurate understanding of where you’re at. We have a borrowing calculator that you can use as a guide which will give you a general idea of your borrowing power.
Stamp Duty will vary state by state and can also depend on if you qualify for certain grants/incentives. We have a stamp duty calculator which you can use as a guide, however we always recommend to cross reference this at the time of purchase with the official state revenue website to ensure the figures are accurate, as they are subject to change.