KNOW MORE ABOUT LOANS
Professional Mortgage Brokers only focus on loans. If you have a toothache, you go to the dentist not a florist. If your car is broken you take it to a mechanic not a librarian. You go to someone trained to help you with your specific need. It’s same when you need a loan.
Brokers have access to a wide variety of loans. This mean your broker can find a loan is just right for you.
Some brokers charge a fee for their service. They must disclose this fee upfront to you so you know what you will be up for if you engage their services.
I do however, live by the following; “if you want flexibility take a variable rate loan, if you want budget certainty take a fixed rate loan, if you want both, then do both”.
Yes, we are the accredited Associate Credit Adviser and full member of the Mortgage Finance Association of Australia. To achieve this level of accreditation the MFAA requires the following:
We have access to over 40 lenders. These lenders comprise of the big 4 banks, the 2nd tier & regional banks, non-bank lenders and building societies.
No. We get paid a commission by the lenders. Our service to you is completely free of charge. We’ll do all the work for you; We’ll do all the negotiations, the paperwork, and the follow-up and there is no cost to you at all for this service.
We get paid a commission by the lenders for introducing new home loans.
Mortgage brokers get paid an upfront (one time only) commission and a trail commission (an annual commission that gets paid for the life of your loan). The average upfront commission is approximately 0.7% of the loan amount, and the average trail commission is approximately 0.2%. The commission levels do vary slightly depending on the lender.
As part of my policy, we will give you a lenders commission table when providing you with my loan recommendations. We aim here is to give you full transparency and alleviate commission bias fears you may have.
No. Most lenders will fully or partially clawback the commission paid to a mortgage broker if a loan is repaid or refinanced to another lender within the first two years. This leaves the mortgage broker out of pocket, and some mortgage brokers charge a fee accordingly. We will not charge you any clawback fees.
Firstly we need to establish your personal & financial circumstances and your loan requirements. Once we have this information, we’ll then use our in-house software to produce a shortlist of several suitable loans. we’ll advise you on the pros and cons of each option, but the final selection decision can be made by you.
We are the credit representative of Connetive (ACL: 389328).
Yes, we have PI insurance up to $20,000,000.
Yes, we are the member of the Australian Financial Complaints Authority or AFCA (47284)
We handle your personal information in accordance with the Australian Federal Privacy Act 2001. We also abide by the Trade Practices Act, ASIC Act, the Fair Trading Act and the NCCP.