As long as you are using an accredited broker, we are happy.
There are many, many really good brokers and businesses that can help you, we believe we are amongst them.
As you read on the home page, we utilise the latest software to compare hundreds of loans.
The extensive information can be sorted on comparison rate*1, start up rate or maximum borrowing capacity. This data needs to be considered in conjunction with your possible loan structure and your specific requirements. Our industry knowledge and experience will combine to achieve the best possible loan for you.
Our services come at no cost to you. The lender pays us the month after the loan settles. Commission only; means it is in our interest too to get the loan that is right for you - from consultation, finding the loan, completing the application and on to settlement.
Commercial loans however, usually have a brokerage fee.
We will drop you a note from time to time to say hi and ensure everything is going well. Our aim is to align you with a loan and a lender that once set up, can tick away allowing you to get on with the important things in your life. Sure, things change. If (when) that happens we can help by re-evaluating.
UCCC (uniform consumer credit code) loans generally speaking, are loans for a home for you to live in. We are compelled by law, to enter into a finance broker’s agreement with you.
This sets out the broad details of the loan requirements you seek including the interest rate and your repayments.
We are members of the MFAA (Mortgage and Finance Association of Australia) and COSL (Credit Ombudsman Service Ltd), both lending governing bodies in the industry. In the event that you are not happy with what we have provided and feel that the product is not what you requested, you have the right to complain to the credit ombudsman.
1 Comparison rate is an attempt to give consumers an ‘apples vs apples’ or true interest rate.
There are challenges with all statistics, but those figures will give a reasonably good basis from which to begin narrowing down options. Be aware comparison rates are calculated over 25 years and thus do not take into account early exit fees or DEF (Deferred Establish Fees) as these apply only typically in the first 4 years of a loan.
That said they include application fees and on going fees as well as the interest of the day to give a pretty good starting position. Comparison rate schedules are a good thing when used in the right context.
