FAQs

A broker is a finance expert who collaborates with you individually to explore your borrowing objectives and assess how much you can borrow. They generally offer a more personalised service than lenders and have access to a range of loans from various financial institutions, allowing them to identify the most suitable loan terms for your particular needs.

When you secure a loan through a broker, there are no additional repayments or fees incurred. Brokers are compensated through commissions from lenders for bringing in new business, which does not impact your interest rate or other terms in the loan agreement.

Utilising a broker is at no cost to you, as the lender compensates them. With access to a vast array of loan products from multiple lenders, brokers will find the most suitable loan for your specific situation. Typically, this includes securing the lowest available rate at that time along with features that best meet your needs.

Some brokers may impose service fees, which must be communicated to you prior to offering their services.

While our borrowing calculator provides a useful estimate of your potential borrowing capacity, for a detailed evaluation, please reach out to our team. We can discuss your options and explore your specific circumstances in more depth.

As the name implies, variable-rate home loans have interest rates that fluctuate over time. They tend to offer more flexibility compared to other loan types, often featuring options like redraw facilities and additional payment capabilities. However, the repayment amounts can vary.

In contrast, fixed-rate home loans provide consistent monthly repayments, allowing you to know exactly what you need to pay each month throughout the loan term. While these loans may offer fewer flexible features, they provide borrowers with certainty when planning their budgets.

When deciding which loan type suits you best, it’s important to consider what matters most to you—whether it’s the flexibility of a variable rate or the reliability of fixed repayments.

Thanks to our association with a mortgage aggregator, we have access to loan options from over 40 different lenders. This allows us to assist you in finding a variety of suitable choices tailored to your unique circumstances.

In Australia, mortgage brokers are generally paid by the lender, not directly by the client. When a broker helps arrange a home loan, the lender pays them a commission once the loan settles.

There are typically two types of commissions:

• Upfront commission – A one-off payment made by the lender when your loan settles.
• Trail commission – An ongoing payment the broker may receive while your loan remains active with the lender.

The commission amount can vary between lenders, but brokers are legally required to act in your best interests under Australian law. This means they must recommend loan options that are appropriate for your needs and financial situation, not simply the loan that pays the highest commission.

In some cases, a broker may charge a fee for specialised services or complex lending scenarios, but this will always be discussed with you upfront.