Bank rules and rates are changing all the time.

What you should know before you go to your bank for a home loan and how we can help

Choosing the best loan for you needs an up-to-date knowledge of current loan conditions, interest rates and fees.

Every bank has its own rules...

...about how to calculate how much you can borrow. So the amount you can borrow will be different for each bank. Your bank may not necessarily be your best option.

New customers can be valued just as much or more as loyal customers.

A bank you’ve never banked with before may be just as likely to lend to you as your own bank.

Banks can only offer you their own loans

So they may try to fit you into their loan when another loan will suit you better.

Some banks may not use all your income

When calculating how much you can borrow. Types of income that may not be included are overtime, casual income, sessional income, second jobs, contract jobs, income from a new job and Family Benefits payments.

Banks process home loans like a factory production line.

There are lots of people involved in processing your home loan between making an application and settlement. No-one is focused on your application but you and your broker.

Not applying for the right loan the first time can be a problem.

A credit check will be done on you every time you apply for a home loan. If the first bank you go to won’t lend you enough (or worse, rejects your application) then the next bank you apply to will see on the credit check that you have already applied elsewhere. This can affect your chances of being approved for the loan.