Mortgage brokers are truly independent and have your best interest at heart. If you were to contact lenders specifically, it can be hard to know if they are giving you the best deal. Brokers have the ability to compare deals across a wide panel of lenders and find the best option for you. This not only saves you time in the long run, but you have an expert in the field working for you, processing the application and dealing with anything that comes up along the way. Mortgage brokers wrote 80% of all loans in 2022!

Absolutely nothing! We get to help people achieve their goals and dreams at no cost to them. We are paid on commission by the lenders. There may be fees and charges associated with the process, but these are payable during the settlement process.

The turnaround time for applications varies on the type of application and the lender. On average, the whole process until settlement takes anywhere between 4-12 weeks.

Not at all. As long as you are realistic about the loan repayments you can afford and you are well educated in preparing for potential future rises, then getting into the housing market is still a great option. At the end of day, you’re paying off your own house, not someone else’s!

Sensationalism in the media is nothing new; however, you need to always consider your personal circumstances. The negative and overwhelming narratives may not apply to you. One reason for households struggling is because of over-borrowing when interest rates were at record lows. Now that rates are back to more ‘normal’ levels, huge debts have huge repayments. If you are considering getting a loan in the near future, you have the luxury of awareness regarding the current rate environment and can make educated decisions around how much debt you’re comfortable going into.