If you’re looking to buy your next home, our team of mortgage experts can find you the perfect home loan.

Yes, our brokers are available after hours and on weekends for appointments. Clients have the option of meeting with a broker at our Hobart office or fully at distance through a combination of phone, email, and video meeting.

Mortgage brokers receive a commission from the bank, which allows most brokers to offer their services to clients for free. Mortgage brokers have a legal obligation to disclose how much they are receiving, and to act in the best interests of the client.

We have multiple solutions for clients who are credit impaired. Certain banks are willing to lend to these types of applicants, but usually at higher home loan interest rates, fees and monthly repayments.

What separates us from other brokers is that we have a potential way to get credit impaired clients a standard home loan with normal interest rates and fees. If you’d like to find out more, book an appointment with one of our mortgage brokers to discuss your chances of home loan approval.

If you’re looking to borrow more than 80% of a property’s value, then you may incur something called lenders mortgage insurance (LMI). LMI protects the lender in case you’re not able to meet your home loan repayments and does not protect you as the borrower in any way. Many lenders will allow you to borrow additional funds to cover this cost. Our brokers will advise if this cost applies to you and how much you can expect to pay.

Equity in a property is the difference between its market value and the outstanding loan balance owed on it. For example, if the property value is $800,000 with a $500,000 loan, then the home equity amount is $300,000.

Choosing between fixed and variable interest rates depends on your risk tolerance and future financial plans. Fixed rate loans offer stability as your principal and interest repayment amount will remain the same over time. But a fixed interest rate can restrict access to certain loan features and make it more difficult to refinance in the future.

Variable interest rates offer more flexibility and can potentially save you money but are more volatile as your repayment amount could increase or decrease depending on market conditions. Speak with a mortgage broker to know whether variable or fixed rate home loans are best suited for your situation.

An offset account is a bank account which is linked to a home loan. Any cash in the offset account can reduce the amount of interest you pay on a mortgage by offsetting the balance of the account against the loan balance.

Using an offset account can be beneficial if you want to reduce the amount of interest being charged on your mortgage and enable you to pay down the loan faster. However, having an offset account can often come with additional yearly fees or a higher interest rate. Depending on how much cash you’re planning on keeping in the offset account, will determine whether it’s worthwhile having.