FAQ

Mortgage Broker or Bank?

If you want to make sure that you have looked at all your options then the only answer is a Mortgage Broker. Banks only have their own products, whereas mortgage brokers have access to every banks products. So a mortgage broker can save you lots of time. They will also only put you forward to banks that are highly likely to approve your application.

Repayment or Interest Only?

It is generally accepted that people use a repayment mortgage for their home and an interest only mortgage for an investment property. However it depends on your circumstances and this is a good thing to discuss with our preferred Mortgage Broker

Fixed or Variable?

A Mortgage Broker is not allowed to tell you which one to choose. However they can give you information so you can make an informed choice. Evidence shows that over 30 years you are better off with a variable loan. However it depends on your circumstances. If you can not afford interest rates to go up then fixed may be the best option for you.

How do I recognize a good Mortgage Broker on the Gold Coast?

Ask questions!!! Ask for testimonials and preferably get a recommendation from a friend. If you can’t do that then find out as much as you can about the company and it’s values. Or contact our preferred Mortgage Broker who works for a reputable company

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