What is a mortgage broker?

A mortgage broker is a finance professional that connects you to a lender. They evaluate your financial situation and capacity to borrow before presenting you with a selection of possible loans tailored to suit your needs.

Why use a mortgage broker?

A Mortgage Broker can access hundreds of options from over 40+ lenders and negotiate on your behalf to get you the best interest rate possible, whereas banks can only offer their products.

How much does a mortgage broker cost?

Nothing! It's a free service.

A Mortgage Broker's services are free from initial discussions through to the settlement!

How do Mortgage Brokers get paid?

Mortgage Brokers receive a commission from the bank for bringing your business to them.

Are you available after hours and weekends?


We can connect with you at a time and location most convenient to you. Seven days a week.

How much can I borrow?

Your borrowing capacity will be assessed by the lender, considering your current income, employment status, credit history and levels of personal debt.

What is an offset account?

An offset account is an everyday bank account linked to your home loan. You can deposit your salary and savings into the account, and the balance is then offset against the amount owing on your home loan.

Say you have a home loan of $500,000 and $50,000 in your offset account; in this situation, you'll only be charged interest on a loan balance of $450,000 ($500,000 - $50,000).

Because the offset account acts like an everyday account, your $50,000 is still accessible whenever you need it, even while it's working to reduce your overall interest payments.

The advantages of an offset account depend on how much money you have sitting in it and the type of offset you have.

Should I go with a Fixed or Variable Intrest Rate?

Fixed-rate home loans are outstanding for locking in a low rate and can be ideal for borrowers trying to stick to a set budget. However, fixed-rate home loans aren't always as flexible as variable interest rate home loans. And you may find that a variable mortgage product will offer a better range of loan features (such as a redraw facility or offset account). That's why it's always a good idea to carefully assess the pros and cons of both options before you decide.

What is LMI?

LMI is an insurance policy designed to protect the lender if the borrower defaults on their mortgage. Most lenders will include LMI as a standard requirement when the borrower's deposit is less than 20% of the property purchase price. LMI costs vary, and it can add a high cost to your total purchase price. LMI is payable as a once-off premium that gets added to your entire home loan amount.

Get in touch
Follow Us

We acknowledge the Traditional Owners of the land where we work and live. We pay our respects to Elders past, present and emerging. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.

Aboriginal FlagTorres Straight Island Flag

Privacy Policy

ABN: 61 921 877 088

Credit Representative Number: 541 627

© 2023