Here are some frequently asked questions that could be useful. If there is any questions that are not on here feel free to email us here

Do I need a deposit?
- No. In some cases, a deposit is not required. Good income and employment/residential stability may be all that is required. Please contact us for more information.

How do I know if I am getting a good deal?
- Effectively, you chose the loan that is right for you. We show you as many of the 28 lenders we use that fit your criteria and you chose the one that is right for you.

How many lenders did you say?
- That's right, there are 28 lenders on our panel and over 500 loan products at your disposal so finding the one that is perfect for you is inevitable.

How is the interest calculated?
- Interest is calculated on your outstanding balance on a daily basis and charged to your home loan account once a month. For this reason, and because of the number of days between interest charges varies, the amount of interest charged each month may also vary. The formula is:

Bank Balance multiplied by  Interest Rate
divided by
365 days in a year multiplied by Number of days in the current month

Why would I take out an interest only loan?
- This is a loan used mainly by property investors. It allows the borrower to pay only interest instead of principal and interest (i.e. the principal balance remains the same during the interest only period). This maximises the investors tax deductions whilst also freeing up cash flow for other investing opportunities.

Can we use the First Home Owners Grant as part of our deposit?
- In some circumstances we may be able to use the first home owners grant as part of your deposit. However there are various factors to be considered before we can advise what deposit you need in your own individual circumstances. Please contact us for further information.