Insights & Tips
Explore our expert insights and tips to navigate your financial journey with confidence and clarity.
Expert Articles
The financial world can be an overwhelming one, but we’re here to help give you the confidence to navigate it. Discover our expert insights and tips in our articles, designed to help boost your financial knowledge.
FAQs
Here are some common questions about mortgages and lending services we frequently encounter.
Most lenders ask for a minimum of 5 to 10% of the property’s value as a deposit, but having 20% or more can help you avoid Lenders Mortgage Insurance (LMI). Don’t stress if you’re not there yet - a broker can help you explore your options and see what’s possible based on your unique situation.
A mortgage broker compares a wide range of lenders and loan products to find one that suits you best. They do the legwork - from paperwork to negotiating with banks - and explain everything in plain English so you can make confident decisions.
Yes, you can! Being self-employed might mean a few extra documents are needed, but there are plenty of lenders who cater to small business owners and freelancers. A mortgage broker can help present your income in the best light and guide you through the process.
Pre-approval gives you a clear idea of how much a lender is willing to loan you, kind of like a financial green light. It’s not a guarantee, but it can give you more confidence (and credibility with agents) when you’re house hunting.
A fixed rate means your repayments stay the same for a set period, while a variable rate can go up or down over time. Each has its pros and cons, and sometimes a mix of both is the right move. A mortgage broker can help you weigh up what fits best with your goals.