|
Countless people – in fact more than 80% of home buyers
– choose a home loan for all the wrong reasons. They struggle year after
year with results far below their true potential. Throwing money at institutions simply because they have advertised the best rate on the day, or offered you discounted establishment fees, more often than not ends in bitter disappointment. Over time more and more
of the shortcomings of the loan become painfully apparent and you will
either put up with it, or pay huge penalties and new setup fees to get
out and take a better deal elsewhere. |
In this guide we will explain in easy to understand terms some of the benefits and shortcomings of different types of loans in today’s marketplace.
This guide will in no way make you an expert in home loans as there are variations in rates and charges in products from one lending institution to another. It’s our job to know these differences.| This loan has
been around forever! Your loan
is normally approved for a period of up to 30 years (life sentence). The interest rate for traditional
loans is higher than "low frills" loans (we’ll get to these) as you
generally have a little more flexibility with this loan. Strangely enough, the majority of homebuyers still opt for this type of loan and the lenders do little to discourage this with billions of dollars spent in marketing Australia wide. |
|
Benefits |
Shortcomings |
|
Discipline - |
|
|
Redraw – Most institutions will allow you, subject to certain criteria, to withdraw additional repayments you have made over and above the minimum repayment |
The interest rate applied is always higher than low-frills home loan rates |
|
Extra repayments are
usually |
|
| Low-frills means exactly
that – You normally get what you pay for and this is like flying economy
class.
Some of the additional
features such as redraw facility A few years ago when some of the new non-banks started offering their discounted home loan products to consumers – this was the loan offered. The reason for the lower rate is simple:
Fewer Frills = Lower Running Costs = Lower Interest Rate. In recent times the banks have rallied and produced their own budget home loans. Today, on the whole, the banks offer budget loans at interest rates quite substantially lower than their non-bank counterparts. The non-banks are now marketing the fact the banks charge maintenance fees whilst they don’t (the marketing has moved away from being interest rate driven), however the astute home loan borrower will measure just what impact these on-going fees have on their loan repayments, and then select their loan accordingly. |
|
Benefits |
Shortcomings |
|
Discipline – |
Money held in normal savings accounts with the same institution does not reduce your home loan rate (see 100% offset loans) |
|
The interest rate applied is always lower than traditional loans |
The interest rate is variable and you are at the mercy of interest rate fluctuations |
|
Extra repayments are |
Redraw is generally not available although there are some exceptions … |
Line of Credit (Flexible Friend)
| This type of
loan can be both your best friend or your worst enemy. Used correctly (as illustrated by a mortgage reduction plan), you will enjoy the benefits of paying your whole salary into this loan and instantly reducing the interest charged. The net result is usually a staggering reduction in the time taken to pay out your home loan. Used incorrectly, your loan limit will remain unchanged. The key to managing this loan is budgeting and discipline as you always have access to your loan limit just like a credit card and abuse can end in financial self-destruction. |
|
Benefits |
Shortcomings |
|
Can readily access money by simply writing out a cheque or using an ATM card which are both linked to this loan |
Ease of withdrawal
ability means this |
|
By placing your salary
and savings |
The interest rate is usually higher than traditional and low-frills loans |
|
A mortgage reduction
programme |
|
|
Extra repayments are allowed at any time |
|
100% Offset Loans (Flexible Friend with Peace of Mind)
| If you like the concept
of Line of Credit loans but are a little undisciplined, then this is
your answer. Styled similarly to the traditional loan, ( i.e. principal and interest payments reducing over time), this has the wonderful benefit of reducing the interest component of your loan by 100% of the amount you hold in your savings account (which is linked to your home loan) It works this way: |
| Loan Amount | $100,000 |
| - Savings (Offset) | $5,000 |
| You Pay Interest on | $95,000 |
Put simply, if you have a home loan of
$100,000 with $5,000 in your savings account, you are only charged interest on
$95,000 of your loan.
This provides a nice little tax effective form of savings without the revolving
limit
|
Benefits |
Shortcomings |
|
Can readily access
money in savings account (offset account ) |
The interest rate is
usually higher than traditional and low-frills loan |
|
Loan is reducing every
month as repayments are required to pay off |
At this stage less than
a handful of |
|
The loan is effectively lowered by the savings in the offset account daily |
| If you have your home on
the market and in the meantime stumble across the home of your dreams,
this loan can help. Originally called "Bridging Loans", this loan has come a long way as lenders used to see this as a way to make a quick buck out of you but now it is a way of assisting you and encouraging you to move your accounts to them. This is how it works ...
|
|
Benefits |
Shortcomings |
|
You can buy your new home before you sell your existing home |
Nothing comes for free and interest is charged on the full amount of the new loan |
|
You can avoid moving into a rental property and paying rent by moving directly into your new home |
If you don’t sell your
existing home in |
|
The offer you place on the new home will not be "subject to sale" and you will therefore be able to negotiate a better price |
This loan relies on you
having sufficient equity in your existing property to |
Depending on which way interest rates are headed, this loan is excellent if interest rates are on the upward trend. By fixing your interest rate for a period of time, you can effectively buy insurance against rate fluctuations and know exactly what your repayments will be for the remainder of the fixed period.
On the other hand if interest rates go down, you may find yourself paying a rate much higher than those people on variable rates.
When unsure about whether it is better to take a fixed or variable rate (in view of uncertain future rate variations) it may be wise to take a "split loan" (see next section) which gives you the option to take a part variable and a part fixed rate loan.
|
Benefits |
Shortcomings |
|
You can "lock in" the
interest rate for a period of time and insure yourself |
If interest rates go
down then you will |
|
It is easy to budget for the same regular repayment each month |
"Fixed rate" also usually means "Fixed repayments" and most lending institutions will penalize you for making additional repayments (However some will allow extra repayments). |
| This loan is
like betting on both Black and red at the roulette table. Most of our customers who are confused about whether interest rates are going up or down usually end up with a "Split rate" loan. With this type of loan you nominate how much of the loan you would like To fix and how much you would like on a variable rate. The reason for this is simple:
|
|
Benefits |
Shortcomings |
|
You can "lock in" part
of interest rate |
Only a limited number
of lenders |
|
Peace of mind no matter
which way |
|
|
Additional payments are
allowed on |
| A person aged 30 with an
annual income of $30,000 per year would need to produce $2,710,000 by
age 65 (assuming 5% inflation)
We insure the
car and the TV – but do we insure ourselves? Most lending institutions do not require you to have personal protection, but they do insist that you have insurance to protect any portion of your loan that represents more than 75-80% of the house value – they have protected themselves; have you !! |
|
Benefits |
Shortcomings |
|
If you are ill or
injured, payments |
Good health is
important for protection |
|
Should you die
prematurely, the mortgage |
If interest payments
cannot be made, |
|
Up to 75% of your
earned income can |
Introduction
Choosing the loan product that is right for you can be very confusing. The choice is made more difficult by the very large number of products available.
A fixed rate loan is one where the interest rate does not vary during the fixed rate period.
A variable rate loan is a loan where the interest rate can vary during the term. There are a number of kinds of variable rate loans. The main types are described below.
A wholly variable loan is one where the lender decides what the interest rate will be. The lender can change the interest rate whenever it likes.
An example of wholly variable rate loans are the standard housing loans made by most banks. There is no guarantee that all the bank housing variable rate loans will be the same rate at any time, and you may find that your lender sets an interest rate which is higher than other lenders.
A bank bill rate loan is a loan which has its interest rate set by reference to the professional money market. There are a number of different types of bank bill rates and there are several ways of linking the interest rate to those rates. For example, some lenders have a fixed margin (eg, the rate will not exceed 3% per annum above the bank bill rate). Other lenders have a variable margin which is not disclosed to you (eg. the interest rate is "linked" to the bank bill rate). Make sure you clearly understand how a bank bill mortgage rate is set, and how it compares to other bank bill mortgage rates on offer. It is likely the interest rate, and hence repayments, for bank bill rate loans will vary more frequently (up and down) than wholly variable rate loans. It is impossible to say whether over the term of a housing loan a bank bill rate loan will be more or less expensive than a wholly variable rate loan.
An interest only period is a period during which you make payments of interest only. During this period the loan amount does not reduce unless you make an additional special payment of principal.
An amortising loan or a principal and interest loan is a loan where instalments (usually monthly) are made which progressively repay the loan. Check whether you will repay the whole of your loan over the term or whether there will be a balloon payment (ie, a lump sum payment) at the end of the term. Generally, instalments will vary when interest rates vary, although sometimes the lender will adjust the term of the loan (shorten it if interest rates come down or extend it if interest rates go up) so that your payments do not change.
A split loan is a term generally used to describe a loan which has a fixed rate for part of the loan amount and a variable rate or bank bill rate for the other part of the loan.
A honeymoon or discounted rate is a low rate which applies at the commencement of the loan term. For example, a lender may offer a loan at 7.95% per annum for the first 12 months and wholly variable following. If the 7.95% per annum is less than that lender's current variable or fixed rate, the first 12 months at the 7.95% per annum rate is the honeymoon or discounted period.
If you are considering a honeymoon or discounted rate, make sure you clearly understand what rate will apply at the end of the honeymoon or discount period. Check whether you are being offered a honeymoon or discounted rate, so that you are not surprised if interest rates go up later. Also check on the terms for early repayment because sometimes lenders impose early repayment fees to discourage borrowers from repaying at the end of the honeymoon or discounted period.
Standard variable rate usually refers to the lender's non-discounted rate charged on all existing loans or on all loans of a particular type. It is generally the same as a wholly variable rate and usually applies after any honeymoon period. If an interest rate that is stated to be standard, or wholly variable, is materially lower than most standard variable rates on offer in the market, then ask questions. It could mean you are really being offered what is in fact a honeymoon rate, or a rate that can fluctuate quickly like that for a bank bill rate loan.
A home equity or "redraw" loan is a term which generally describes a loan where you can re-borrow some of the money you have paid off. For example, if you have paid $5,000 off your loan, you might be able to re-borrow that money and continue making payments in the ordinary way. Generally interest rates for home equity loans are slightly higher than for ordinary home loans.
Watch out for fees and charges Before you sign up for a loan, make sure you understand all the fees and charges which you must pay. Check on fees and charges which apply both to set up the loan and during the loan term. Sometimes an interest rate that seems quite cheap will not look so good when you take into account the initial or ongoing fees and charges. These may be called an establishment fee, an unused fee, a line fee, an account fee or an early repayment fee. There are lots of other names too
Comparison rates A comparison rate is a way of expressing the interest rate for a loan (calculated using a complicated formula) to enable you to compare that interest rate to another loan. In calculating the comparison rate all fees and other charges are brought into account.
Comparison rates are of limited value when comparing variable rate loans. This is because they cannot take into account future interest rate movements. Remember no-one knows for sure how variable rates will change in the future! Comparison rates are useful in comparing two or more fixed rate
Should I borrow fixed
rate or variable rate? Generally, fixed rates are more appropriate
if:
a) you think variable or fixed interest rates may go up in the future; or
b) you want to be sure that your repayments cannot change during the fixed rate
period.
Whether to borrow fixed or variable is always difficult. No-one knows with any certainty how interest rates will move in the future. The choice of fixed or variable must therefore always be made based on your own personal assessment of whether interest rates will rise or fall in the future, and for how long a rise or fall may prevail. Remember, interest rates can be affected by many factors, and no-one can be sure what will happen.
Break costs If you borrow at a fixed interest rate, break costs may be payable if the loan is repaid early. Usually, they are only payable if market interest rates fall during the fixed rate term. Break costs are designed to compensate the lender because it will have to reinvest its money at a lower rate. If borrowing at a fixed rate, find out when and how break costs will be calculated on early repayment. Remember that early repayment fees may be payable on variable rate loans as well.
Read the loan documents If you apply for a loan, you should read carefully your letter of offer, the terms of your mortgage and other documents required by the lender, as these set out your obligations.
If there is any inconsistency between the offer letter, this brochure, and other documents, the terms of the lender's documents prevail.
Ask questions before you sign Make sure you understand the terms of the loan before signing. We recommend that you ask your originator or lender to describe the terms to you. If you are confused, ask the originator or lender to put the advice in writing. If you are still confused, seek advice from a lawyer or an accountant.
The Catch, or … (What’s in it for Us)IT HAS NEVER BEEN MORE FRUSTRATING AND CONFUSING TO DECIDE ON A HOME LOAN! |
Here is what we offer you:
 | We come to you |
| We are available for you during and after normal business hours |
| No bank interviews |
| We can assist you with having your loan approved – before you buy your next home |
| OUR SERVICE IS FREE as we are paid by the lending institutions |
| We WILL help you find the perfect loan for you and your family |
You pay exactly the same costs and interest rate you would have paid if you approached the lending institution directly!
When you make your decision (in conjunction with us) as to both the Type of loan and the best Lending institution, we take care of all of the arrangements for your loan application and we are then remunerated by the lending institution you choose.
Contact us: enquiries@directadvisers.com.au
In this guide we will explain in easy to understand terms some of the benefits and shortcomings of different types of loans in today’s marketplace.
This guide will in no way make you an expert in home loans as there are variations in rates and charges in products from one lending institution to another. It’s our job to know these differences.|
This loan has been around forever! Your loan is normally approved for a
period of up to 30 years (life sentence). The interest rate for traditional
loans is higher than "low frills" loans (we’ll get to these)
as you generally have a little more flexibility with this loan. Strangely enough, the majority of homebuyers still opt for this type of loan and the lenders do little to discourage this with billions of dollars spent in marketing Australia wide. |
|
Benefits |
Shortcomings |
|
Discipline - |
|
|
Redraw – Most institutions will allow you, subject to certain criteria, to withdraw additional repayments you have made over and above the minimum repayment |
The interest rate applied is always higher than low-frills home loan rates |
|
Extra repayments are
usually |
|
|
Low-frills means exactly that – You
normally get what you pay for and this is like flying economy class. Some
of the additional features such as redraw facility A few years ago when some of the new non-banks started offering their discounted home loan products to consumers – this was the loan offered. The reason for the lower rate is simple: Fewer
Frills = Lower Running Costs = Lower Interest Rate. In recent times the banks have rallied and produced their own budget home loans. Today, on the whole, the banks offer budget loans at interest rates quite substantially lower than their non-bank counterparts. The non-banks are now marketing the fact the banks charge maintenance fees whilst they don’t (the marketing has moved away from being interest rate driven), however the astute home loan borrower will measure just what impact these on-going fees have on their loan repayments, and then select their loan accordingly. |
|
Benefits |
Shortcomings |
|
Discipline – |
Money held in normal savings accounts with the same institution does not reduce your home loan rate (see 100% offset loans) |
|
The interest rate applied is always lower than traditional loans |
The interest rate is variable and you are at the mercy of interest rate fluctuations |
|
Extra repayments are |
Redraw is generally not available although there are some exceptions … |
Line of Credit (Flexible Friend)
|
This type of loan can be both your
best friend or your worst enemy. Used correctly (as illustrated by a mortgage reduction plan), you will enjoy the benefits of paying your whole salary into this loan and instantly reducing the interest charged. The net result is usually a staggering reduction in the time taken to pay out your home loan. Used incorrectly, your loan limit will remain unchanged. The key to managing this loan is budgeting and discipline as you always have access to your loan limit just like a credit card and abuse can end in financial self-destruction. |
|
Benefits |
Shortcomings |
|
Can readily access money by simply writing out a cheque or using an ATM card which are both linked to this loan |
Ease of withdrawal
ability means this |
|
By placing your salary
and savings |
The interest rate is usually higher than traditional and low-frills loans |
|
A mortgage reduction
programme |
|
|
Extra repayments are allowed at any time |
|
100% Offset Loans (Flexible Friend with Peace of Mind)
|
If you like the concept of Line of
Credit loans but are a little undisciplined, then this is your answer. Styled similarly to the traditional loan, ( i.e. principal and interest payments reducing over time), this has the wonderful benefit of reducing the interest component of your loan by 100% of the amount you hold in your savings account (which is linked to your home loan) It works this way: |
| Loan Amount | $100,000 |
| - Savings (Offset) | $5,000 |
| You Pay Interest on | $95,000 |
Put simply, if you have a home loan of
$100,000 with $5,000 in your savings
account, you are only charged interest on $95,000 of your loan.
This provides a nice little tax effective form of savings without the revolving
limit
|
Benefits |
Shortcomings |
|
Can readily access
money in savings account (offset account ) |
The interest rate is
usually higher than traditional and low-frills loan |
|
Loan is reducing every
month as repayments are required to pay off |
At this stage less than
a handful of |
|
The loan is effectively lowered by the savings in the offset account daily |
|
If you have your home on the market
and in the meantime stumble across the home of your dreams, this loan
can help. Originally called "Bridging Loans", this loan has come a long way as lenders used to see this as a way to make a quick buck out of you but now it is a way of assisting you and encouraging you to move your accounts to them. This is how it works ...
|
|
Benefits |
Shortcomings |
|
You can buy your new home before you sell your existing home |
Nothing comes for free and interest is charged on the full amount of the new loan |
|
You can avoid moving into a rental property and paying rent by moving directly into your new home |
If you don’t sell
your existing home in |
|
The offer you place on the new home will not be "subject to sale" and you will therefore be able to negotiate a better price |
This loan relies on you
having sufficient equity in your existing property to |
Depending on which way interest rates are headed, this loan is excellent if interest rates are on the upward trend. By fixing your interest rate for a period of time, you can effectively buy insurance against rate fluctuations and know exactly what your repayments will be for the remainder of the fixed period.
On the other hand if interest rates go down, you may find yourself paying a rate much higher than those people on variable rates.
When unsure about whether it is better to take a fixed or variable rate (in view of uncertain future rate variations) it may be wise to take a "split loan" (see next section) which gives you the option to take a part variable and a part fixed rate loan.
|
Benefits |
Shortcomings |
|
You can "lock
in" the interest rate for a period of time and insure yourself |
If interest rates go
down then you will |
|
It is easy to budget for the same regular repayment each month |
"Fixed rate" also usually means "Fixed repayments" and most lending institutions will penalize you for making additional repayments (However some will allow extra repayments). |
| This loan is
like betting on both Black and red at the roulette table. Most of our customers who are confused about whether interest rates are going up or down usually end up with a "Split rate" loan. With this type of loan you nominate how much of the loan you would like To fix and how much you would like on a variable rate. The reason for this is simple:
|
|
Benefits |
Shortcomings |
|
You can "lock
in" part of interest rate |
Only a limited number of lenders |
|
Peace of mind no matter
which way |
|
|
Additional payments are
allowed on |
|
A person aged 30 with an annual income
of $30,000 per year would need to produce $2,710,000 by age 65 (assuming
5% inflation) We
insure the car and the TV – but do we insure ourselves? Most lending institutions do not require you to have personal protection, but they do insist that you have insurance to protect any portion of your loan that represents more than 75-80% of the house value – they have protected themselves; have you !! |
|
Benefits |
Shortcomings |
|
If you are ill or
injured, payments |
Good health is
important for protection |
|
Should you die
prematurely, the mortgage |
If interest payments
cannot be made, |
|
Up to 75% of your
earned income can |
Introduction
Choosing the loan product that is right for you can be very confusing. The choice is made more difficult by the very large number of products available.
A fixed rate loan is one where the interest rate does not vary during the fixed rate period.
A variable rate loan is a loan where the interest rate can vary during the term. There are a number of kinds of variable rate loans. The main types are described below.
A wholly variable loan is one where the lender decides what the interest rate will be. The lender can change the interest rate whenever it likes.
An example of wholly variable rate loans are the standard housing loans made by most banks. There is no guarantee that all the bank housing variable rate loans will be the same rate at any time, and you may find that your lender sets an interest rate which is higher than other lenders.
A bank bill rate loan is a loan which has its interest rate set by reference to the professional money market. There are a number of different types of bank bill rates and there are several ways of linking the interest rate to those rates. For example, some lenders have a fixed margin (eg, the rate will not exceed 3% per annum above the bank bill rate). Other lenders have a variable margin which is not disclosed to you (eg. the interest rate is "linked" to the bank bill rate). Make sure you clearly understand how a bank bill mortgage rate is set, and how it compares to other bank bill mortgage rates on offer. It is likely the interest rate, and hence repayments, for bank bill rate loans will vary more frequently (up and down) than wholly variable rate loans. It is impossible to say whether over the term of a housing loan a bank bill rate loan will be more or less expensive than a wholly variable rate loan.
An interest only period is a period during which you make payments of interest only. During this period the loan amount does not reduce unless you make an additional special payment of principal.
An amortising loan or a principal and interest loan is a loan where instalments (usually monthly) are made which progressively repay the loan. Check whether you will repay the whole of your loan over the term or whether there will be a balloon payment (ie, a lump sum payment) at the end of the term. Generally, instalments will vary when interest rates vary, although sometimes the lender will adjust the term of the loan (shorten it if interest rates come down or extend it if interest rates go up) so that your payments do not change.
A split loan is a term generally used to describe a loan which has a fixed rate for part of the loan amount and a variable rate or bank bill rate for the other part of the loan.
A honeymoon or discounted rate is a low rate which applies at the commencement of the loan term. For example, a lender may offer a loan at 7.95% per annum for the first 12 months and wholly variable following. If the 7.95% per annum is less than that lender's current variable or fixed rate, the first 12 months at the 7.95% per annum rate is the honeymoon or discounted period.
If you are considering a honeymoon or discounted rate, make sure you clearly understand what rate will apply at the end of the honeymoon or discount period. Check whether you are being offered a honeymoon or discounted rate, so that you are not surprised if interest rates go up later. Also check on the terms for early repayment because sometimes lenders impose early repayment fees to discourage borrowers from repaying at the end of the honeymoon or discounted period.
Standard variable rate usually refers to the lender's non-discounted rate charged on all existing loans or on all loans of a particular type. It is generally the same as a wholly variable rate and usually applies after any honeymoon period. If an interest rate that is stated to be standard, or wholly variable, is materially lower than most standard variable rates on offer in the market, then ask questions. It could mean you are really being offered what is in fact a honeymoon rate, or a rate that can fluctuate quickly like that for a bank bill rate loan.
A home equity or "redraw" loan is a term which generally describes a loan where you can re-borrow some of the money you have paid off. For example, if you have paid $5,000 off your loan, you might be able to re-borrow that money and continue making payments in the ordinary way. Generally interest rates for home equity loans are slightly higher than for ordinary home loans.
Watch out for fees and charges Before you sign up for a loan, make sure you understand all the fees and charges which you must pay. Check on fees and charges which apply both to set up the loan and during the loan term. Sometimes an interest rate that seems quite cheap will not look so good when you take into account the initial or ongoing fees and charges. These may be called an establishment fee, an unused fee, a line fee, an account fee or an early repayment fee. There are lots of other names too
Comparison rates A comparison rate is a way of expressing the interest rate for a loan (calculated using a complicated formula) to enable you to compare that interest rate to another loan. In calculating the comparison rate all fees and other charges are brought into account.
Comparison rates are of limited value when comparing variable rate loans. This is because they cannot take into account future interest rate movements. Remember no-one knows for sure how variable rates will change in the future! Comparison rates are useful in comparing two or more fixed rate
Should I borrow fixed
rate or variable rate? Generally, fixed rates are more appropriate
if:
a) you think variable or fixed interest rates may go up in the future; or
b) you want to be sure that your repayments cannot change during the fixed rate
period.
Whether to borrow fixed or variable is always difficult. No-one knows with any certainty how interest rates will move in the future. The choice of fixed or variable must therefore always be made based on your own personal assessment of whether interest rates will rise or fall in the future, and for how long a rise or fall may prevail. Remember, interest rates can be affected by many factors, and no-one can be sure what will happen.
Break costs If you borrow at a fixed interest rate, break costs may be payable if the loan is repaid early. Usually, they are only payable if market interest rates fall during the fixed rate term. Break costs are designed to compensate the lender because it will have to reinvest its money at a lower rate. If borrowing at a fixed rate, find out when and how break costs will be calculated on early repayment. Remember that early repayment fees may be payable on variable rate loans as well.
Read the loan documents If you apply for a loan, you should read carefully your letter of offer, the terms of your mortgage and other documents required by the lender, as these set out your obligations.
If there is any inconsistency between the offer letter, this brochure, and other documents, the terms of the lender's documents prevail.
Ask questions before you sign Make sure you understand the terms of the loan before signing. We recommend that you ask your originator or lender to describe the terms to you. If you are confused, ask the originator or lender to put the advice in writing. If you are still confused, seek advice from a lawyer or an accountant.
The Catch, or … (What’s in it for Us)IT HAS NEVER BEEN MORE FRUSTRATING AND CONFUSING TO DECIDE ON A HOME LOAN! |
Here is what we offer you:
| We come to you |
| We are available for you during and after normal business hours |
| No bank interviews |
| We can assist you with having your loan approved – before you buy your next home |
| OUR SERVICE IS FREE as we are paid by the lending institutions |
| We WILL help you find the perfect loan for you and your family |
You pay exactly the same costs and interest rate you would have paid if you approached the lending institution directly!
When you make your decision (in conjunction with us) as to both the Type of loan and the best Lending institution, we take care of all of the arrangements for your loan application and we are then remunerated by the lending institution you choose.
Contact us: enquiries@directadvisers.com.au
