Frequently Asked Questions
Home – Frequently Asked Questions
First Home Buyer Loan
Generally, most lenders require a minimum deposit of 5–20% of the property’s value. However, with certain government schemes, you may be eligible to buy with a lower deposit. We’ll assess your situation and guide you through your options.
Yes! As a first home buyer, you may be eligible for assistance such as the First Home Owner Grant (FHOG), stamp duty concessions, or the First Home Guarantee scheme. We’ll help you identify which incentives you qualify for and assist with the application process.
Your borrowing power depends on factors like your income, expenses, credit history, and current debts. We’ll assess your financial situation and give you a clear estimate before you start house hunting.
Investment Loans
An investment loan is a type of home loan used to purchase property for investment purposes rather than for living in. The goal is to generate rental income and/or capital growth. These loans can have different features and criteria compared to owner-occupied loans.
Generally, lenders require a minimum of 10–20% deposit for an investment property. However, having a larger deposit (or using equity from another property) can help you access better rates and reduce Lenders Mortgage Insurance (LMI) costs.
Yes, many investors use the equity in their existing property to fund the deposit or even cover the entire purchase of a new investment. We can help you assess how much usable equity you have and structure your loans to take full advantage of it.
Refinance
Refinancing means replacing your existing mortgage with a new one—usually with a better interest rate, improved features, or more suitable terms. The goal is to save money or restructure your loan to better fit your financial goals.
You should consider refinancing if:
Your interest rate is higher than what’s currently available
Your financial situation has changed
You want to access equity
You’re coming off a fixed rate
You haven’t reviewed your loan in over 12 months
Absolutely. Many borrowers refinance to switch to a new lender offering a better deal. We compare multiple lenders to find the one that suits your needs and handle the transition for you.
Personal Loan
A personal loan is a fixed amount of money you borrow from a lender for personal use—such as a holiday, home improvement, medical bills, or debt consolidation. You repay the loan over a set period with interest.
Loan amounts typically range from $2,000 to $100,000, depending on your income, credit score, and lender criteria. We'll help assess your borrowing power and match you with a suitable loan option.
Not necessarily. There are two types:
Unsecured personal loans (no collateral required)
Secured personal loans (secured against an asset like a car)
We can help you decide which is best for your situation.
SMSF Lending
SMSF lending allows a Self-Managed Super Fund to borrow money to purchase an investment property. This is typically done through a limited recourse borrowing arrangement (LRBA), which limits the lender’s access to only the property purchased in case of loan default.
Your SMSF can purchase residential or commercial investment properties, but not a home you or any related party intends to live in. The property must meet the “sole purpose test,” which ensures it benefits your retirement savings.
Yes. An SMSF must be fully established, compliant, and have a trust deed that allows borrowing before you can apply for a loan. We assist with the setup process and connect you with trusted legal and accounting professionals to ensure compliance.
- Ask Us Any Questions
We’re here to help – no question is too big or too small.
Whether you’re unsure about loan options, eligibility, interest rates, or just need guidance on where to start — we’re only a message or phone call away. Our expert team is ready to provide honest answers and clear advice tailored to your situation.