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Answers to our most common questions

Mortgage brokers are professionals in the home loan industry. We work with you to determine your borrowing needs and how much you can borrow. Brokers, like us, help to ensure that you don’t take out a loan that is too big for you.

Brokers have access to more loans than any individual bank. This means your broker can find a loan that’s just right for you.

Some mortgage brokers charge a fee – we don’t.

There is a myth that it costs more to use a mortgage broker that go to a bank. That is an absolute myth and not true at all. Brokers get paid commission by the bank for bringing new business to them, which is in no way related to the interest rate you can access or the level of service we provide.

Absolutely not! There is legislation in our industry, called the National Consumer Credit Protection Act (or NCCP), that is designed to protect consumers and ensure ethical and professional standards in the finance industry. We tell you upfront what commission we will be getting from the bank. At Summit Finance Group our primary goal is to find the best loan for your needs and serviceability.

This is dependent on how much you have saved for a deposit and what your current expenses are. Give us a call and we can go into your options in more detail, or as a first step utilise our calculators which provide an estimate of your borrowing potential.

We are only allowed to recommend a product based on what you say is most important to you – for example, “pay my loan off quickly” or “guaranteed repayments”. We can only recommend which loan is right for you once we have a full understanding of your financial circumstances.

Of course.  At Summit Finance Group we pride ourselves on our flexibility and that includes being able to meet clients at a time and location that is convenient to them.

At Summit Finance Group we have access to over 30 individual lenders.  These include the major banks, regional banks, second tier lenders and credit unions.  As mortgage brokers we continually research the features of the mortgage loan market to ensure that our clients have the right loan for their personal circumstances.

Service, experience and always puting our clients first – that is what creates our success.

Looking for more answers?

The team at Summit Finance Group are here to help with all of your queries.
If you need an answer to a specific question, please contact us and book your free consultation.

I would like to thank you for all your assistance and extremely efficient help in the purchase of our new home. I will be highly recommending you to friends and will be contacting you in the future.

Chris M