Frequently asked questions
Home Buyer
How much money can I borrow?
We’re all unique when it comes to our finances and borrowing needs. Get an estimate on how much you could borrow by contacting us today, we can help with calculations based on your circumstances.
How do I choose the loan that’s right for me?
Our guides to loan types and features will help you learn about the main options available. There are hundreds of different home loans available, so talk to us today.
How much do I need for a deposit?
Usually between 5% - 10% of the value of a property, which you pay when signing a Contract of Sale. Speak with us to discuss your options for a deposit. You may be able to borrow against the equity in your existing home or an investment property.
How much will regular repayments be?
Go to our Repayment Calculator for an estimate. Because there so many different loan products, some with lower introductory rates, talk to us today about the deals currently available, we’ll find the right loan set-up for you.
How often do I make home loan repayments — weekly, fortnightly or monthly?
Most lenders offer flexible repayment options to suit your pay cycle. Aim for weekly or fortnightly repayments, instead of monthly, as you will make more payments in a year, which will shave dollars and time off your loan.
What documents do I need to apply for a loan?
Life insurance is paid out to the deceased estate or anyone else they want to pay out to. Covers everything to ensure your family or loved ones will not have to sell the home to survive. Life insurance will not cover suicide in the first 13 months or non-declared medical conditions. Trauma Insurance will provide a pay out for specified illnesses and injuries to help you recover and to assist you while you cannot work. It provides protection against the cost associated of the expensive medical care & etc.
Income protection is monthly benefit paid to a person who has suffered from an injury or illness and is unable to work. It can be up to 75% of their annual income. Applicants can usually choose a waiting period from fourteen days to age 65 years. A shorter waiting period will result in higher premiums.
Income protection provides coverage for illness, disability and accidents that have occurred outside of the workplace. Work Cover will only cover certain accidents that occur in the workplace.
What fees/costs should I budget for?
Financial Advice
What does a Financial Adviser do?
When should I see a financial adviser?
What does my financial planner need to know about me?
How much does financial planning advice cost?
All financial planners must have an FSG. It is a simple document that gives you details on a planner. You should check whether the planner holds an Australian Financial Services Licence (AFSL) or is an authorised representative of an AFSL holder. If they don’t meet this criteria, then look for another planner who does.
Ask the planner about the types of clients and financial situations they typically work with. This will help you establish
Any investment involves ‘risk’, that is, the chance that you will not achieve your financial goals. Generally, the higher the expected return, the higher the risk.
Your planner should provide you with a written financial plan or ‘statement of advice’ (SoA) whenever giving personal financial advice. This written plan should set out the basis for the advice and the reasons for the particular recommendations.
Will my financial plan change as my circumstances and needs change?
Risk Insurance
What is life insurance?
What does life insurance cover?
If I have life insurance, why would I consider trauma cover?
Can I apply for life insurance?
How much life insurance do I need?
What is income protection?
If I have income protection insurance, why would I consider total and permanent disability insurance?
What is the difference between income protection and Work Cover?
What is loss of independent existence?