Do I need a big deposit?
No. A number of lenders will offer you a loan with as little as a 5% deposit with specific conditions attaching.
Is the interest rate the only thing that matters?
It’s the headline that always catches the attention. But when everything is taken into account the lowest interest rate is not always the best deal for you.
There are fees, break costs, off-set accounts, LMI, repayment terms, redraw facilities to be considered. All of which have a significant impact on the cost and which loans best suits you.
Now and in the future.
Why use a mortgage broker?
A mortgage broker acts for you not the bank. By law a mortgage broker must act in your best interests. After detailed discussions with you to establish your situation, your broker will conduct extensive research to find the loan that best meets your needs.
A bank is unable to act in your best interests because they can only offer their own products. Whilst they may have a suitable loan there may well be better options available elsewhere.
How does the process work?
We will guide you every step of the way in your loan application. We apply for the first home owners grant on your behalf and help you with all the loan application documents.
We then follow it through with the lender making sure it all goes effortlessly and that you are approved, then completing the lender’s loan documents and following through to a smooth settlement and beyond.
How much does it cost?
Nothing. Our service is paid for by the lender and our commissions are fully disclosed in the loan application.
But we work for you. Guided as always by our obligation and commitment to act in your best interests, every time.
Can I roll in other loans?
Yes. Refinancing is a great way to consolidate all your debts into one loan and usually at much lower rates.
What does structuring the loan mean?
Because of the complexities of the loan market it is often possible to better meet your needs by restructuring your loan/s. This can include splitting loans between fixed and variable rates, interest only, off-set arrangements, term variations, allocation of securities and more. Your Trigon broker has the experience and expertise to advise you.
What is a Pre Approval?
A pre-approval gives you an indication of the maximum amount you can borrow and your eligibility. By getting your pre-approval you have the power to bid at auction or negotiate with confidence.
I've just moved to Australia and have no credit record here. Can you help?
This will depend on your employment. If you have a job and employment is continuous some lenders may consider your application after only one month. In other circumstances you may have to wait for a longer period. Ask us for more information based on your circumstances.
I’m self employed and don’t have evidence of my income. Can you help?
Yes! We have products that suit the self employed.
Why don’t I just go to the bank myself?
Your Trigon broker has the market knowledge to match your needs with their huge range of lenders and products available. Without this knowledge you could waste time and energy trying to find the best deal and still not get it. We help assess your options and match them to a wide range of loans from many lenders, whereas the bank is restricted by being able to offer only their own products. And we will do all the work for you, allowing you to concentrate on the other important things like finding the right property. We are required by law to act in your best interests by finding a loan that best fits your needs.
Can you help me with a loan using my superannuation fund?
Yes. In order to borrow funds using your superannuation assets you will have to set up a self managed super fund (SMSF). Costs associated in setting up a SMSF can vary from $3,000 on average upwards.
It is always best to get advice from a financial advisor when considering this.
Most lenders will lend between 70% and 80% of property value so you will need to have enough funds in your SMSF to cover a 20% to 30% deposit and fees required to complete the purchase.
Servicing needs to come from proposed rental income and superannuation contributions. Purchases made by your SMSF must be at arm's length and individual property trusts need to be set up for each property purchase the SMSF makes.