Frequently Asked Questions
If you can find an answer to your question here please get in contact with us.
We provide tailored mortgage solutions, including home loans for first-home buyers, refinancing, investment loans, debt consolidation, debt restructuring, and loans for property upgrades or downsizing.
We assess your financial situation, goals, and preferences to recommend the most suitable loan from a wide range of lenders. Our expertise ensures you get the best deal with the right features.
You can start by booking a free consultation. We’ll guide you through the process, from understanding your borrowing capacity to submitting an application and securing approval.
Our mortgage broking services are generally free, as we receive commissions from lenders. However, certain specialist services, such as complex loan structuring or financial coaching, may incur a fee. We will always be transparent about any costs upfront.
Timeframes vary depending on the lender and your circumstances, but pre-approvals typically take 3–5 business days, while full loan approval can take 1–3 weeks.
First-Home Buyers
The FHOG is a government grant to help first-home buyers with their purchase. Eligibility depends on factors like property price, location, and whether you’ve owned property before. We’ll help determine if you qualify.
Typically, a 20% deposit is recommended, but some lenders offer loans with as little as a 5% deposit. You may also be eligible for government-backed low-deposit schemes.
Refinancing
If your interest rate is high, your loan no longer suits your needs, or you want to access equity, refinancing could save you money or provide better loan features.
Yes, refinancing may involve exit fees, application fees, and valuation costs. However, the savings from a lower interest rate or improved loan structure often outweigh these costs.
Investment Loans
If your interest rate is high, your loan no longer suits your needs, or you want to access equity, refinancing could save you money or provide better loan features.
It depends on your investment strategy. Interest only loans help with cash flow, while principal and interest loans reduce debt faster. We’ll help you choose the best option.
Debt Consolidation & Restructuring
Debt consolidation combines multiple debts into one manageable repayment, usually under a lower-interest home loan. Debt restructuring involves reorganising existing loans to reduce costs, improve flexibility, or maximise tax benefits.
It depends on how it’s structured. If managed correctly, it can improve your credit score by reducing financial strain and ensuring timely repayments.
Property Purchases (Upgrading or Downsizing)
Consider factors like affordability, loan portability, bridging finance options, and the timing of selling your existing home.
Bridging loans provide short-term funding, allowing you to purchase a new home before selling your current one. We’ll help you explore whether this option suits your financial situation.
Contact & Support
Simply book a free consultation online, call Andrew on 0400 337 575, or send an online enquiry. We’ll assess your needs and guide you through the next steps.
Meet
Andrew Drummond
"The Mortgage Strategist"
We know buying your first home is a big step, and we’re here to make it easier. Let’s get started, book a free consultation today and take the first step towards homeownership with confidence!
