FAQs
A finance broker works on your behalf to help you find lending solutions that suit your goals and circumstances. This may include home loans, personal loans, or business finance. We compare options from a wide range of lenders, explain the differences, manage the application process, and guide you from enquiry through to settlement.
Banks can only offer their own products. As a broker, we have access to multiple lenders and loan types, which allows us to compare options and recommend a solution that best suits your situation. We also handle the process for you and act as your point of contact throughout.
In most cases, our service comes at no direct cost to you. We are generally paid a commission by the lender once your loan settles. If a fee applies for a specific service or loan type, this will always be discussed and agreed upfront.
We assist with a wide range of lending solutions, including owner occupied and investment home loans, refinancing, construction loans, personal loans, car finance, and business lending. We tailor our advice to your individual needs.
Borrowing capacity depends on factors such as your income, expenses, existing debts, credit history, and lender policies. We assess your overall position and provide guidance based on what is realistic and sustainable for you.
Deposit requirements vary depending on the lender and loan type. While a 20% deposit is often ideal, many buyers can purchase with a smaller deposit – sometimes as little as 2%. We help you understand the options available and any additional costs that may apply
Lenders Mortgage Insurance is a premium charged when your deposit is below a certain level, usually 20%. It protects the lender, not the borrower, but can allow you to enter the property market sooner with a smaller deposit. In some cases, the cost can be added to your loan.
The First Home Owner Grant (FHOG) is a government incentive designed to assist eligible first home buyers purchasing or building a new residential property.
In Western Australia, the FHOG is administered by the WA Government and has specific eligibility criteria and property value limits.
Other states and territories also offer first home buyer incentives, including grants and stamp duty concessions, however the rules, amounts, and thresholds vary by location. These schemes change regularly, so we help you understand what may be available to you and guide you to the correct government information for your state or territory.
The Australian Government 5% Deposit Scheme helps eligible first home buyers purchase a property with a smaller deposit and without paying lenders mortgage insurance (LMI). Under the scheme:
- You may be able to buy with as little as 5% and no LMI.
- Single parents or legal guardians may be eligible with an even lower deposit in some cases.
- The government provides a guarantee to the lender, allowing them to offer a low-deposit home loan.
- There are property price caps and eligibility criteria, including that you must intend to live in the property as your main residence.
- The scheme does not have a capped number of places or a waitlist, but properties must meet the price limits to qualify.
We can help you check eligibility and work through the criteria when considering this option.
The Help to Buy Scheme is a shared equity program designed to assist eligible buyers who have saved a deposit but need additional support to purchase a home. Under this scheme, the government contributes a percentage of the purchase price alongside your home loan, reducing the amount you need to borrow.
Key points to be aware of:
- A minimum deposit is required, which may be as low as 2% in some cases.
- The government may contribute up to around 30% for an existing home or up to around 40% for a newly built home.
- You own and live in the property, while the government retains an equity share.
- When the property is sold or the government’s share is bought out, any gain or loss is shared in proportion to that equity.
- The scheme is capped at a limited number of places each year, currently 10,000 nationally, and eligibility criteria apply including income limits and owner-occupied requirements.
The First Home Super Saver Scheme lets eligible first home buyers use extra voluntary contributions to their superannuation to build a stronger deposit more efficiently. You contribute extra money into your super fund (above employer contributions), and when you’re ready to buy a home, you can apply to withdraw those contributions plus associated earnings for your deposit. There are caps on how much you can contribute and withdraw, and the scheme is administered by the Australian Taxation Office.
There are a range of home loan options available, including variable rate, fixed rate, and split loans. Some loans also offer features such as offset accounts, redraw facilities, or interest only repayments. We help you choose a structure that aligns with your goals.
Refinancing involves replacing your existing loan with a new one, either with your current lender or a different lender. People refinance to access better rates, reduce repayments, consolidate debts, or adjust their loan structure.
You may consider refinancing if your interest rate is no longer competitive, your circumstances have changed, or your loan no longer suits your needs. We can review your current lending and help you decide whether refinancing is worthwhile.
Equity is the difference between the value of your property and the amount you still owe on your loan. Subject to lender approval, equity may be used for purposes such as purchasing another property, renovations, or business or personal needs.
Yes. Self-employed individuals and business owners can access a range of lending options. Lender requirements and assessment methods vary, and we help identify lenders that are suited to your business structure and income type.
Yes. In addition to home loans, we assist with personal loans, car finance, and a range of business lending solutions. Our role is to help structure finance that supports your broader financial goals.
Yes. Our relationship does not end at settlement. We remain available to review your lending over time and advise on opportunities to save on interest, restructure loans, or access equity. Whether your circumstances change, you’re considering additional purchases, or need guidance on personal or business finance, we provide ongoing support to help you make informed decisions.
You can book an appointment with us to discuss your goals and circumstances. From there, we will explain your options clearly and outline the next steps.