Home Loans

We care, to ensure you get the best loan.

We believe that everyone’s property dreams
deserve the best possible start!

Make the right mortgage decision

When you need a home loan, AAP Finance Brokers are here to ensure you’re armed with the right information to help you make the right decisions.

We understand that your unique circumstance will impact the type of home loan options available to you and which mortgage will suit you best. There are literally thousands of mortgage property loans available, with new products emerging all the time. In fact, we offer over 2,000 products from over 60 Lenders across Australia.

You can have a free mortgage consult with one of our professional finance mortgage brokers, we are happy to come to you, online or phone. Whatever works best for you.

Is it time to Refinance?

It’s worth reviewing your existing loan. We can do a free lender comparison to ensure you are getting the best deal, potentially saving you money in the process.

5.0
Based on 149 reviews
Brett really went above and beyond. Very grateful for his assistance!
Lisa is so friendly and always happy to help, a great experience.
I couldn’t recommend a more dedicated and knowledgeable mortgage broker. Brett was very helpful and motivating throughout the process of the purchase of my new home.
Five stars! Mitch was an absolute lifesaver during our recent home sale and purchase. We were navigating a complex simultaneous settlement, and he made the entire process smooth and stress-free. Mitch was always available to answer our questions, no matter how big or small, and patiently explained everything in a way we could understand. He truly went above and beyond to advocate for us and get us the best possible outcome. We couldn't be happier with his service and would highly recommend Mitch to anyone looking for a knowledgeable, reliable, and supportive broker.
I highly recommend Lisa Holt from AAP, she was fantastic to work with when we purchased our home. She is knowledgeable, helpful, an excellent communicator and generally great to deal with. We found that she understood our situation quickly and she gave excellent advice throughout the property search process through to the final settlement.
Stephen, is very knowledgeable, efficient, great communication and really goes out of his way to ensure his clients understand and happy with the process. Can’t recommend enough. Thank you
Response from the owner: Hi Ainsley, thank you for your review. please don't hesitate to reach out with any questions moving forwards. Many thanks and regards - Steve .
AAP were extremely helping with the hole process and got us a great deal
We are first home buyers and really appreciated Glen’s support throughout the process of arranging our loan. Glen was transparent around the selection of our bank and very responsive and supportive throughout the process.
Nick and Elizabeth assisted us through our refinancing for a 2nd time and always keep you updated with lots of communication through the process and crucially know how to speak "bank". Thank you.
If you are in search of a new home loan or looking to refinance your existing one, then look no further! I wholeheartedly recommend Brett Robson for his exceptional professional service. Brett has been an invaluable partner throughout our journey of refinancing our home loan. He adeptly stepped into our shoes, comprehending our needs with precision. His advice and solutions were exemplary, precisely addressing our concerns regarding our home loans.Brett remained dedicated to our case from start to finish, ensuring that we could easily reach out to him whenever needed. Communication with Brett was consistently excellent. He consistently went above and beyond to address every issue and concern we had regarding our loans. We cannot express enough gratitude to him for guiding us over the finish line! We are thoroughly impressed with Brett's service and extremely content with our new loans! Thank you Brett 🙂
Response from the owner: Thank you for taking the time to give Brett Robson one of our team mortgage brokers here on the Central Coast a review. We are pleased that Brett was able to help you with refinancing your home loan. Our focus is not only providing exceptional service, it's to demonstrate that we genuinely care to ensure you get the best loan. Because we do! All the best and thanks again!
Thank you Brett for making our refinancing experience easy and quick.
Brett helped me refinance effortlessly. He made a stressful process very easy, was always available, and took me through the whole thing positively.
Brett helped us buy our first home and we had nothing but a positive experience. The process was seamless from start to finish, he got quick results for us through the pre approval to formal approval process, and sought the best possible option for our current situation in terms of banks, loans, interest rates etc. Brett was easily contactable via phone and email and always happy to help with any questions or concerns we had, and explained everything in language that we could understand. Thanks again Brett for helping us buy our first home!
Brett was great to deal with! Experience, positive attitude and flexible communication which made the process easy even from interstate. Everything we were looking for in a broker. Highly recommended.
Steve was a pleasure to deal with. He helped me with a loan product switch which reduced my interest rate. The process was quick and seamless. Highly recommend.
Recommending Lisa from AAP Finance Brokers would be an absolute privilege for me to do. For me, anything to do with finances is confusing at the best of times. When we entertained the idea to refinance our home nothing could have been more scarier and confusing. We were recommended Lisa and AAP by our accountant and I could not be more thankful for the recommendation. Lisa explained the process with great clarity from beginning to end and that is how the transaction proceeded to completion. With help from todays technology we were able to complete the refinance from our own home with meticulous organisation from Lisa. If you are looking to refinance or need a home loan , do yourself a favour and take the stress and confusion out of your life by letting Lisa organise the transaction. She will be able to give you multiple choices and can be trusted. Having someone like Lisa in your corner will take the stress out and let you enjoy the experience knowing that you have someone with great knowledge and trust running the show for you. Les Speerin
Response from the owner: Thank you Leslie for taking the time to give Lisa Holt one of our team mortgage brokers here on the Central Coast a review. We are pleased that Lisa was able to help you with refinancing your home loan and guide you through the process. Our focus is not only providing exceptional service, it's to demonstrate that we genuinely care to ensure you get the best loan. Because we do! All the best and thanks again!
I had the pleasure of working with Glen, and I can confidently say it was an exceptional experience from start to finish. Glen's communication was crystal clear throughout the entire process, ensuring we understood every step of the journey towards purchasing our first property. He went above and beyond to help us secure the best possible deal, demonstrating a deep understanding of the market and financial intricacies. What truly stood out was Glen's dedication to building trust; his reputation precedes him, and rightfully so. He comes highly recommended by our family, and I wouldn't hesitate for a moment to refer anyone seeking guidance to him. Glen's professionalism, expertise, and commitment make him an invaluable asset in any endeavor.
Response from the owner: Thanks for your kind words Taylor. It was an absolute pleasure helping you out on your first purchase.
Highly recommend Steve, he is extremely helpful and very easy to deal with. He always follows up promptly and looks for the best options for refinancing our mortgage. Takes the time to explain the process and the likely outcome. A+++
Steve has been amazing, walking us through the whole process. Strongly recommend as a broker
Response from the owner: Thanks Danielle! Feel free to reach out if you have any further questions.
We can’t recommend Steve enough! He has always made himself available to respond to emails or calls quickly, explained all the steps clearly and helped us achieve the result we were hoping for. He has made the process of refinancing very easy and stress free for us and has been a great bloke and so easy to deal with the whole time.
Response from the owner: Thanks so much for the positive feedback, Shayne! If you have any other questions or need anything else in the future, don't hesitate to reach out to me on 0402 791 288.
Having been a client of AAP Finance for some time now, I can confidently say they are a great team to have on your side. From scoping the market to find the most suitable product & lender, to keeping you well informed every step of the way, I have found their commitment and customer service second to none. A big thank you to Tony & Lisa.
Response from the owner: Thanks Grant, we very much appreciate you being a loyal client of ours. Regards Tony
21 year old looking to buy first Ute.Amazing communication and service.Quick turn around.Everything was very seamless.Dealing with Steve and Eli was a great experience and would 100% use this company again.
Response from the owner: Cheers for the feedback, Hamish! I'm glad to hear you're happy with your experience. Happy to help, just give me a buzz
Tony and Lisa were fabulous in my recent arrangement to secure finance.The entire process from our first meeting until settlement has been seamless.I highly recommend AAP Finance Brokers, I now know exactly where to go for excellent, honest and professional advice in regards to applying for finance in the future.Thank you so much Tony & Lisa 😉
Response from the owner: Thank you Lea, we very much appreciate your kind comments. All the best Tony.
We have found Steve excellent to deal with, knows his products, extremely easy to deal with and made himself available to assist us through the paperwork process.
Response from the owner: I appreciate your positive feedback, Catherine. It was a pleasure assisting you with your financial needs. Thank you for choosing to work with me.
Steve has given us excellent guidance and support every step of the way in construction of our property. Very knowledgeable and experienced and we have a tremendous amount of trust with Steve.
Response from the owner: I appreciate the trust you have placed in me during the construction journey. If you have any further questions or need assistance, please don't hesitate to reach out me on 0402 791 288.
Steve really helped me out. Great bloke, easy to talk with. And made my finances a breeze. 100% would recommend.
Response from the owner: Thank you for your kind words, Lucus. I'm glad I could assist you with your finances. If you ever need any further help, don't hesitate to reach out at 0402 791 288.
Tony was incredibly friendly, super helpful, and he or his team were always available whenever I had questions. They explained everything patiently and made the whole process stress-free. It was refreshing to work with someone so approachable and knowledgeable in the world of finance. Five stars for their excellent support and expertise!
Response from the owner: Thank you Kate for taking the time to give Tony Haworth one of our Partner's and mortgage brokers here at AAP Finance Brokers on the Central Coast a review. Our focus is not only providing exceptional service, it's to demonstrate that we genuinely care to ensure you get the best loan. Because we do! All the best and thanks again!
10/10 experience for us
Response from the owner: Thanks Jaime, much appreciated. Regards Tony
Amazing service, always available and provided the best outcome for us.
Anthony was a pleasure to deal with from start to finish. Always very responsive and explained everything well. Would definitely highly recommend using Anthony to anyone looking for a mortgage broker.
Response from the owner: Thank you Simon for taking the time to give Anthony Ryan one of our team mortgage brokers here on the Central Coast a review. We are pleased that Anthony was able to help you with your finance needs and guide you through the 'getting a loan' process. Our focus is not only providing exceptional service, it's to demonstrate that we genuinely care, to ensure you get the best loan. Because we do! All the best and thanks again!
As a first-time homebuyer, the thought of navigating the home loan process was daunting. However, Tony and his team turned it into a manageable and even enjoyable journey. They were patient, professional, and exceptionally clear in their communications.Every question was answered, and we felt supported every step of the way. Tony's guidance was not only helpful but also made the complex process seem much more approachable.I wholeheartedly recommend Tony and his team to anyone, especially first home buyers, for their dedication and expert assistance in home buying.
Response from the owner: Thanks Vic, I just love seeing clients like you and Noor getting into your first home. Congratulations and thank you for being great clients.
Lisa has been professional, informative and responsive in a rather stressful environment of rate increases. Her personal approach to her customers is outstanding as is her advice providing her customers with the best options. She has saved me money at a much needed time. No hesitation in recommending her. Thanks Lisa
Response from the owner: Thank you Kylie for taking the time to give Lisa Holt one of our team mortgage brokers, and Partners at AAP Finance Brokers, here on the Central Coast a review. We are pleased that Lisa was able to help you with your loan requirements and guide you through the process. Our focus is not only providing exceptional service, it's to demonstrate that we genuinely care to ensure you get the best loan. Because we do! All the best and thanks again!
We are super happy with the advice and support Brett Robson provided for us. He was lovely to work with and took time to understand our needs. He supported us and kept us fully informed throughout the refinancing process. His communication was outstanding- we are very happy with our new home loan, which is saving us money. Wish we could rate him higher- we are very happy customers and recommend him highly.
Steve was amazing! Service was fantastic and we had a quick turn around refinancing with another bank with a much better interest rate.After starting the process to initially refinance and pull out equity with our existing lender back in feb, our business banker kept changing the goal posts. Frustrated I emailed Steve. He called me that afternoon and discussed our needs. Before we knew it the application had been submitted and approved with another lender. A very happy customer and highly recommend as a broker!
I had the pleasure of working with Brett, for our recent refinancing. I cannot express enough how impressed I am with his exceptional service, attention to detail, and his ability to secure us a significantly better interest rate, along with some extra perks.From the very beginning, Brett's expertise and knowledge in the mortgage industry were evident. He took the time to thoroughly understand our needs and financial goals, ensuring that the refinancing process would align perfectly with our expectations. His personalized approach made us feel truly valued as clients.Throughout the refinancing process, Brett's consistent communication was impressive. He provided regular updates, promptly answered all of our questions, and guided us step-by-step, ensuring we were well-informed and comfortable with each decision.Without hesitation, I highly recommend Brett to anyone seeking a mortgage broker. Thank you, Brett, for your outstanding service and for helping us secure a better financial future.
Brett Robson has been such an amazing help to us. Highly recommend!
Initial enquiries were quickly followed up. Excellent communication and easy online application. Brett Robson was always quick to respond to any questions and led us to a very good product. Would not hesitate to recommend Brett Robson to anyone needing a loan.
Brett and the team provided us with an excellent service. Very responsive, clear and easy to understand communications and really helpful throughout. I have recommended Brett to other friends of mine who are looking for mortgage advice.
Three years ago, my wife and i had started this journey with Tony as our broker. He has been amazing in every which way in his professionalism in helping us through the process in preparing to buy our first home. And Tony has also help us in refinancing. And what a success easy and caring process it has been.Thank you Tony.
Tony and the crew at AAP Finance Brokers have been looking after both our commercial & personal financial requirements for, equipment finance, home loans & other specialised financing for several years now & we can highly recommend them, we have found they have a solution for every request we have sent them & have got the job done every time, with no unnecessary fuss.
Thanks Tony for great service over the years. Always very fast to respond too.
Very helpful. Tony will bend over backwards for you.
Response from the owner: Thanks Lawson, I hope you are enjoying your new home. Thanks for supporting us. Regards Tony
Tony and his team were a recommendation from a friend of ours, we used AAP to buy our first home a few years ago. They were brilliant. They supported us every step of the way along our first home buying journey. We are currently using them again to refinance our home loan and borrow a little extra, as we have just come off a very low interest rate. Happy to say Tony has managed to secure us a better rate then we could have done on our own. I highly recommend them and will continue to use them long into the future.
Response from the owner: Thanks Kim, Thanks Kim, its very kind of you to let us know, and we value you supporting our business. Regards Tony
fantastice team love working with them
Steve knows, & understands the product, follows up promptly and assisted us in having our bank to successfully review and reduced the mortgage rare, prior to loan refinance. I look forward to working with him in the future!
Response from the owner: Dear Chito,Thank you for taking the time to leave a review! I'm delighted that you had a positive experience. I appreciate your kind words and look forward to assisting you with any future financial needs. If you have any questions or require further assistance, please don't hesitate to reach out to me at 0402 791 288.Best regards,Steve
Thank you so much Anthony for helping us in refinancing our loan! It was such an easy process where you did all the hard work in working out the best loan options for us whilst we were busy working!You went out of the way in assisting us with everything that we needed from start to end.Your prompt responses to all our queries and your outstanding customer service was second to none! I will definitely be recommending your business to all my friends, family and colleagues. And will surely be coming back to you in future with my financial queries.It’s very rare to find people like you and the service you provided in the business that you’re into!Thank you so much!
This was my first time working with a Finance broker, and they have blown my mind, they have been super helpful with any and all questions I had and the whole time, they were all super friendly. I would definitely use their services again, and highly recommend them.
Glen assisted me with the purchase of my first property.He was professional, knowledgable and eager to see me achieve my goals.Drawing on his years of experience he was able to secure a loan that was well suited to the objectives we discussed.Glen was easily contactable and kept me updated throughout the entire process, from application until settlement.I would highly recommend Glen and the team at AAP Finance Brokers to anyone.I look forward to working with him in the future.Many thanks Glen!!!
We were very lucky to have Glen Stortenbeker from AAP Finance whose genuine and honest approach made our home loan process an absolute breeze.His unique skill set and knowledge from working over 30 years in banking and finance helped clarify any questions or queries that we had.I highly recommend Glen for anyone looking for a home loan broker that is informative, responsive and approachable. 5 stars all the way!
I can’t recommend Glen from AAP enough. I’ve already passed on his details to a family member with help on their loan.From the outset Glen was professional and prompt in his responses and follow ups. Our loan criteria wasn’t exactly straight forward but he made it so easy for us.When we found a property we liked we ran into some delays from a preferred lender, but Glen had plan B ready to go and got just as good a deal over the line in a couple of days with a new lender.Will use again and will recommend to friends and family!
Response from the owner: Thanks Matt. Pleasure to help you and Erin out. Hope the new house brings plenty of great memories.
Tony was fantastic every step on the journey to helping us get into a new home.
Kind, responsive and explained things many times to us as first time home buyers. Very grateful and highly recommend.
Steve is excellent. He Thinks outside the box to achieve the results needed
Response from the owner: Hi Michael,Thank you for taking the time to leave your review. Nice to hear that you had an excellent experience. Thank you again for your support.Best regards, SteveAAP Finance Brokers: Illawarra, South Coast, Wollongong, Shellharbour
Steve was recommended to us a few years ago when we were looking for a mortgage advisor. Steve offered excellent support, knowledge and professionalism and went above and beyond to help us with some challenging obstacles. We have recently called on Steve’s expertise again and he really took the time to listen and talk though the rational, offered exceptional advice offering solutions and alternatives. Apart from being a thoroughly nice person, Steve is knowledgeable and professional who’ll do everything he can to help you get what you need.
Response from the owner: Dear Fotoula,Thank you so much for taking the time to leave such a fantastic review. I'm delighted to hear that I have consistently provided you with outstanding support and professionalism throughout the years.I genuinely appreciate your kind words regarding my expertise and my ability to navigate through challenging obstacles. At AAP Finance Brokers, I strive to provide the best service possible to my clients, and it's rewarding to know this has had a positive impact for you.I am extremely grateful for your recommendation and I look forward to continuing to assist you in any way I can in the future. If you have any further questions or require assistance, please do not hesitate to reach out to me on 0402 791 288.Warm regards,[Your Name]Customer Service TeamAAP Finance Brokers
Tony & his teams are amazing. Not only efficient, knowledgeable and professional. Particularly when the time under great stress to dealing with the Sales Agent, Tony gave a correct and professional advice rather than just take the risk. I highly recommend to approach them to seeking mortgage advice.
Steven has been amazing throughout the process and has always been dedicated to finding us the best possible mortgage rate without compromising the amount. We appreciate his hard work and are grateful for his help.If you're seeking a reliable and skilled mortgage broker, Steven is undoubtedly the one to trust .
Response from the owner: Thank you for taking the time to share your experience. It is fantastic to hear that your are happy with the outcome. I truly appreciate your kind words and are grateful for your trust in my expertise.At AAP Finance Brokers, I strive to provide reliable and skilled services to my valued customers. Your review reaffirms that I am on the right track in delivering the excellent service I aim for. Should you or anyone you know need assistance with mortgages in the future, please do not hesitate to reach out to me.Thank you once again for your positive review and allowing me to help you.Best regards, Steve
I had the pleasure of working with Glen to secure my first home/loan. He was very knowledgeable and quick to respond throughout the whole process. As a FHB, I appreciated the additional guidance with price negotiations and the process in general. Settlement was quick and seamless. I would love to work with him again and will certainly be recommending him to others.
Response from the owner: Thanks Melanie - it was a pleasure. Enjoy the new property.
Tony was an absolute pleasure to work with and really knows his craft. We will definitely be using him again and would have no hesitation in recommending him to anybody who needs finance.
Very helpful and full of information very happy with service
Highly recommended Mitch from AAP finance.Thank you Mitch for helping us purchase our first home.Mitch responses quickly, is reliable, knowledgeable & was able to point us in the right direction in many different ways for buying our first home.We could not have purchased our home with without his expertise.Mitch is also a really nice man.Thank you Mitch, I would highly recommend him to anyone.5 stars! ⭐️Thank youKeahana & Brandon
I am thrilled to share our experience with Steve who worked tirelessly to secure us the best advice and guide us through the process of obtaining our second home loan. From the moment we engaged with his services, it was evident that we had made the right choice.Steve demonstrated unparalleled professionalism and expertise throughout the entire journey. He took the time to understand our financial goals, preferences, and unique circumstances. With his extensive knowledge of the market and loan options, he presented us with a range of suitable choices tailored to our specific needs.Thanks to Steve’s expertise, we successfully secured our second home loan, and we couldn't be happier with the outcome. He truly exceeded our expectations in every aspect of their service. We are grateful for his unwavering support, professionalism, and integrity.Thank you once again for everything you have done for us!
Response from the owner: Hi, Branislav. I am thrilled to learn that you had a positive experience with us!
I cannot express how grateful and impressed I am with AAP. A true gem in the world of financial services. From the moment I started working with them, I knew I had made the right choice. The team exudes professionalism, expertise, and a genuine commitment to their clients.Being self-employed always proves to be a challenge however AAP went above and beyond to ensure my needs were met.They are a standout choice for anyone seeking a mortgage. I wholeheartedly recommend them to anyone looking to navigate the complexities of finding the right mortgage with confidence and peace of mind.Thank you AAP
Response from the owner: Hi, Kat. Thank you so much for leaving us a stellar review!
Very good feedback, they are very easy to approach ,easy to communicate and had been very helpful to us. I’m happy to refer them to someone in near future. Thumbs up. Cheers
Tony and his team provide great service and have helped us on numerous occasions.I would be surprised if you can find a better broker on the Coast.
We required additional funds for expenses related to our new home, particularly landscaping.Tony was very helpful in providing advice regarding the options available to us and in arranging a bank loan to cover our expenses.We would recommend Tony to anyone wishing to obtain finances for any purpose.
Tony was excellent to work with, completely took the hassle out of refinancing at no cost to us (except a savings in interest!).
Great Service. I have used AAP a few times to help secure loans and refinance existing loans. Tony was always very hands on keeping us in the loop and making sure everything was running smoothly and made sure we were looked after properly, always making sure we knew exactly what was happening throughout the entire process. I couldn't recommend these guys enough.
Steve has been absolutely wonderful in supporting our personal lending & business needs. He has a wealth of knowledge & can be relied upon for all the support he provides. 100% recommended.
Response from the owner: Hi Dan, and many thanks for the review. Kind regards - Steve
Tony and Lisa were helpful and were able to sources reduction in my interest rate for which I am very grateful.Service was awesome!
great service, quick responses. Managed to negotiate the reduction of my interest rate with the bank.
Steve went above and beyond for the purchase of my first home. He was there every step of the way from start to finish. He helped and answered and questions asked no matter the time or day. Would not recommend anyone else!
Response from the owner: Hi Jonathon, thanks for the 5 star review. Many Thanks and Regards - Steve
My accountant recommended Tony and Im go glad he did, he's helped me more than once. I've also been happy to refer 4 friends his way, as he made the daunting process so much easier with great advise, i knew he had my back and was offering me the best loan options on the market for my needs.
Tony and his team were absolutely fantastic to deal with. I couldn't recommend AAP Finical Brokers any higher, professionals in every aspect of their business, positive and they get the job done. Thanks Team
For a number of years now Tony and the Team at AAP have been our preferred provider of broker services for our clients, and they always say they receive nothing short of exceptional quality service throughout the whole process. From start to finish we receive fantastic feedback about not only the great results, but how the service is provided, which is exactly what we want for our business and our trusted clients. Would recommend Tony and AAP for any broker services they need.David O'Brien and Associates (Accountants)
Tony Haworth came highly recommended to us for a major expansion -(the finance required for our business). Our requirements were complicated and 3 fold and Tony did not hesitate in spending the time with us needed to reach the best possible outcome. Tony collaborated with us and the financial institutions using his expertise and contacts making the transactions personal and not just an algorithm and bank forms. By doing this he established exactly what we needed and leaving us with the ongoing support of the financial institution for our business. We were so pleased with the great job done for us that Tony has now organised finance for 2 of our adult children into their homes which also was accomplished without any problems thanks to his expertise. We cannot recommend this company highly enough and will be ongoing customers from this time forward. Thank you again Tony and AAP Finance Brokers
Anthony and Tony are always available on the phone and happy to help with any questions. They really worked hard to get the best deal for us.
Tony and the team have done a great job supporting me and getting the best home loan deal for me and acting proactively to keep the bank on track getting the fairest deal for me. Great job.
Tony is a whizz. He knows volumes and has directed us to the financial organisations we have needed. I am happy to commend him to you with your financial questions.
Tony and the team at AAP have been nothing short of amazing to both myself and my wife. They helped us with the purchase of our very first home and have been still been in contact and helping us along the way through the current climate via email or video call as we now live in the far north coast. HighlyHighly recommend to anyone best brokerage on the central coast.
Steve went above and beyond to pull it through and reach success *****
Response from the owner: Thanks for the 5 Star review Marie. Kind Regards - Steve
Steve has been a revelation and a godsend for my firm. He has managed to get a lot of deals over the line and constantly goes out of his way to get clients I have referred to him, a great outcome. He is very patient and thorough in all he does and keeps me in the loop as to where my clients' loan applications are at.He has even had success getting SMSF loans approved or refinanced when others have avoided them in the past.I always recommend my clients talk to Steve when thonking about applying for a loan.
Response from the owner: Thanks for the kind review Peter. Look forward to continuing to work with you and your clients. Regards - Steve
We were referred to Steve Bynon by our previous neighbour. Steve promptly called to arrange our first meeting. Steve made us feel at ease with his genuine interest in us as well as his vast knowledge of the mortgage industry. Steve kept us in the loop throughout the entire process, and patiently followed us up on things we needed to prepare and provide. We would highly recommend Steve and were thoroughly impressed by him and the services that he provided to us.Ian and Danni, Bellambi NSW
Response from the owner: Hi Ian, Thanks for your 5 star review and your kind words.
Absolutely amazing! Glen was super helpful and made everything with the purchase of our first home go so smoothly.
Steve has been a consummate professional from start to finish - he made the experience of obtaining pre-approval and an unconditional home loan a stress-free experience for my wife and I. Steve is prompt, thorough and informative - he understands the Bank’s requirements and is able to provide advice that accounts for the dynamic changes to the economy. Thanks for all your help Steve, you’re a legend!
Response from the owner: Thanks for your business and the kind review Justen, I hope you and Jen enjoy your new home.
Steve was recommended to us by a friend. We would also highly recommend Steve. He helped us navigate the complexities of our mortgage and construction loan. He was helpful, very prompt and highly professional.
Response from the owner: Hi Gareth, thanks for the opportunity to assist you and Jo, and thanks again for your kind review.
I would highly recommend Mitch to anybody looking for an honest broker who supports you fully throughout the lending process. Mitch, I can not thank you enough for everything you have done for us, your communication and follow through exceeded our expectations. Looking forward to doing business with you again soon!
Response from the owner: Thanks Cortney for your review! It has been my pleasure to assist.
I cannot thank Steve enough for his knowledge, constant assistance and patience. Steve was available to chat to 24/7 and always provided the best outcome for my situation. I highly reccomend using his services & look forward to working with him in the future.
Response from the owner: Hi Samantha, thanks for the 5 star review, it was a pleasure to work with you. Thanks and Regards - Steve
Response from the owner: Thanks Jaiden
Steve is great to deal with, very knowledgeable and a great asset to have in your corner. Always working to find a solution.
Response from the owner: Thanks for the great review Elias. All the best for your new property. regards - Steve
Exceptionally great broker. In my fifties it is difficult to get a 30 year home loan but Steve with his tricks of the trade came through with flying colours.He has a lot of banks in his arsenal to chose from which he will find the best deal for your circumstances. Not only a good broker he is a good upfront bloke. I highly recommend you give him a go.
Response from the owner: Hi James, and thanks for the 5 star review. All the best with your new property. regards - Steve
We have been working with Steve Bynon from AAP Finance Brokers for over 18 months. Steve is always there to help us work through our complex arrangements and made the process of obtaining finance clear and straight forward. This was a great experience for us, as this hasn’t always been the case. We felt comfortable with Steve’s knowledge, experience, and this came through in his regular and clear communications, which made for an uncomplicated decision-making process for us. We will now continue to use Steve for our personal and business requirements.Happy to recommend Steve ( and have already done so on several occasions) and look forward to having Steve continue to help us . Jenny and Theo
Response from the owner: Thanks for the 5 star review Jenny. Look forward to continuing to work with you and Theo
This is the second time I have used Steve he got my loan sorted very quickly an absolute legend and true gentlemen really professional and personal thanks heaps for getting us our second new home
Response from the owner: Thanks for the Review Reon, much appreciated. I hope you and the family enjoy your new home.
Glen went above and beyond for us. with our different situation glen provided us a service like no other. Highly recommend the team at AAP Finance brokers
I couldn't be happier with the financial support and service I got from Steve Bynon when purchasing my first home. Prior to working with Steve, I had very little knowledge of the home loan process. He supported me through the whole process and took the stress out of applying for a home loan. He was friendly, transparent, reliable, always available when needed, and was very prompt with replies. He also did a great job of explaining everything in a simple way.Thank you again 😊Natalie
Response from the owner: Thanks for the review Natalie, I'm pleased I could help you, and I hope your enjoying your new home.
Steve went above and beyond in his efforts to find us the right home and investment loans and was transparent with every detail. He was very responsive, informative, and approachable with good communication. Steve’s support and knowledge was invaluable as we navigated through settlement issues and we highly recommend him!
Response from the owner: Thanks for the 5 star review Fotoula, I enjoyed working with each of you and I hope the investment property works out well for you and your family. Regards - Steve
Steve was a great help is securing us a loan for our first property after looking for a substantial period of time. He was always available for any trivial questions and helping us navigate each of the steps! We’d recommend Steve/ AAP finance brokers to anyone who is after a loan.
Response from the owner: Thanks for the 5 Star review Andreana. It was a pleasure working with you through your home loan journey, I hope you enjoy your new home. Kind regards - Steve
It is a pleasure to work with Steve. He worked hard to make things happen and gave us choices that are in our best interest.Great personal service 😀
Response from the owner: Thanks for review Nick, much appreciated.
Our experience with Steve from AAP has been positive and professional the whole way through the process. We had a complicated application and Steve took the time to explain our options and kept us updated constantly. We would highly recommend Steve. Stuart & Cathy Beck
Response from the owner: Hi Cathy, thanks for the review, much appreciated. It was a pleasure working with you and Stuart. Looking forward to seeing the finished product in the months ahead.
Steve helped us navigate the right products for us, and the seemingly ENDLESS pages of documentation, for both home and investment products. Quick responses with simple explanations. Thanks Steve!
Response from the owner: Hi Lisa, thanks for taking the time to give me this 5 star review. I'm pleased i was able to work with you and I hope the investment property works out well for you and the family. Take care and talk soon.
I couldn’t recommend AAP fiancé brokers enough, as a first time home buyer I was overwhelmed by the whole process but having Steven take care of us was the best choice.He made everything easy to understand from house hunting through contracts and than settlement, Steve has excellent communication and reply times and was always happy to answer any questions we had.Going through AAP was all around a fantastic experience.
Response from the owner: Hi Josh, It was a pleasure working with you through the whole process. I hope you are enjoying your new home. Take care and catch up soon.
Response from the owner: Hi Rob, Thanks for the 5 star rating, great working with you, and best of luck in the future.
Glen was a pleasure to work with, he was extremely professional, prompt and knowledgeable. As a first home buyer we were very lucky to have Glen helping and guiding us through the process! Thanks Glen and AAP Finance
Great experience. The whole process was streamlined, friendly with terrific communication. Glen is very knowledgable and makes the process easy. The outcome being a loan that ticked our boxes, without all the stress. Thank you Glen.
Response from the owner: Thanks Julie
I was introduced to Glen by a friend as I was having no luck trying to secure a home loan while living overseas. Glen was able to secure my home loan in less than a week while 3 others could not. Not only did he secure us the loan, but was also able to obtain us the best possible rates and conditions. Glen is an expert in the banking industry, well connected, patient, beyond helpful and does not stop looking until he finds an answer to your problem. I cannot recommend Glen highly enough, especially to those looking for a professional of the highest level. Thanks Again Glen for all your help!
Response from the owner: Thanks Rich. Hey it was a fun journey 🙂
Great Service, very efficiant & professional
Response from the owner: Thanks Emily
Glen and AAP Finance Brokers were recommended to us by a number of friends when we were looking to finance a knockdown and rebuild project. From the very first meeting to discuss our goals right through to receiving the keys to our new house (some 2 years later!), Glen’s professionalism, advice, support and genuine interest in our project from start to finish far exceeded all of our expectations.Building is a stressful process with lots of ups, downs and curve balls thrown in along the way, having Glen look after the financing of our build in such a personalised way (he was only ever a phone call of email away) removed any stress about this element of our project.We could not recommend Glen any more highly.
Response from the owner: Thanks Cam - it was a pleasure
Glen was fantastic when we purchased our property, always had a solution! He worked with us for 12 months and always made time for our questions and to talk things through his help went beyond a broker and we where so grateful. Highly recommend - Tamworth NSW
Response from the owner: Thanks Angella
Glen helped me greatly throughout the process of getting a home loan and buying my first house. His advice went beyond financial help and he also put me in touch with several of his contacts such as real estate agents and a conveyancer. I don't know what I would have done without his help.
Response from the owner: Thanks Michael. Great to hear from you.
Great Bank Experience ensuring the right bank is appropriate for the right client.
Would highly recommend Mitch at AAP Finance Brokers.Not only was a great competitive rate achieved, the service was friendly and professional.
Cannot recommended Mitchell enough. From start to finish he was absolutely amazing and now we have our dream home and couldn’t be happier. 11/10 will recommend him to anyone and everyone!
Can’t recommend highly enough! Mitch was great throughout the entire process and was there for us every single step of the way. Good old fashioned genuine service which is very hard to find these days. Without the dedication and hard work from AAP we would not be lucky enough to be in our first home.
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Frequently Asked Questions about Home Loans

Home Loan Products

VARIABLE RATE:

Standard and Basic variable loans are the most popular home loan in Australia. Interest rates go up or down over the life off the loan depending on the official rate set by the Reserve Bank of Australia and funding costs. Your regular repayments pay off both the interest and some of the principal.

Here we give you an overview of the different types of variable rates, features and benefits in the current market:

  • Repayment Options
  • Principal & Interest

Repayments are calculated on the total term of the loan and the fixed interest rate that you select.

Repayment options

Weekly or fortnightly repayments

Instead of a regular monthly repayment, you pay off your home loan weekly or fortnightly.
This can suit people who are paid on a weekly or fortnightly basis, and will save you money because you end up making more payments in a year, cutting the life of the loan.

Repayment holiday

You can take a complete break from repayments, or make reduced repayments, for an agreed period of time.
This can be useful for travel, maternity leave or a career change.

Interest only repayments

You only pay the interest on the loan, not the principal, usually for the first one to five years although some lenders offer longer terms.

Many lenders give borrowers the option of a further interest-only period.  Because you’re not paying off the principal, your monthly repayments are lower.

These loans are especially popular with investors who pay off the principal when the property is sold, having achieved capital growth.

Extra Repayments

If you pay more than the required regular repayment, the extra amount is deducted from the principal.
This not only reduces the amount you owe but lowers the amount of interest you repay.

Making extra repayments regularly, even small ones, is the best way to pay off your home loan quicker and save on interest charges.

Other Features

Redraw facility

This allows you to access any extra repayments you have made.  Knowing you have access to funds can provide peace of mind.
Be aware lenders may charge a redraw fee and have a minimum redraw amount.

Direct Debit

Your lender automatically draws repayments from a chosen bank account.
Apart from ensuring there is enough cash in the account, you don’t have to worry about making repayments.

All in one home loan

This combines a home loan with a cheque, savings and credit card account.
You can have your salary paid into it directly.

By keeping cash in the account for as long as possible each month you can reduce the principal and interest charges.
Used with discipline, the all-in-one feature offers both flexibility and interest savings.
Interest rates charged to these loans can be higher.

Offset account

This is a savings account linked to your home loan.
Any money paid into the savings account is deducted from the balance of your home loan before interest is calculated.  The more money you save, the lower your regular home loan repayments.

You can access your savings in the usual way, by EFTPOS and ATMs.
This is a great way to reduce your loan interest, as well as eliminate the tax bill on your savings.

Lenders provide partial as well as 100% offset accounts.

Be aware the account may have higher monthly fees or require a minimum balance.

Portable Loans

If you sell your current property and buy somewhere else you can take your home loan with you.
This can save time and set-up fees, but you may incur other charges.

Professional package

Home loans over a certain value are offered at a discounted rate, combined with discounted fees on other banking services.
These can be attractively priced, but if you don’t use the banking services you may be better off with a basic variable loan.

What you need to know

Benefits of a Variable Rate:

  • If interest rates fall, the size of your minimum repayments will too.
  • Standard variable loans allow you to make extra repayments.  Even small extra payments can cut the length and cost of your mortgage.
  • Basic variable loans often don’t come with a redraw facility, removing the temptation to spend money you’ve already paid off your loan.

You should be aware of:

  • If interest rates rise, the size of your repayments will too.
  • Increased loan repayments due to rate rises could impact your household budget, so make sure you take potential interest rate hikes into account when working out how much money to borrow.
  • You need to be disciplined around the redraw facility on a standard variable loan. If you dip into it too often, it will take much longer and cost more to pay off your loan.
  • If you have a basic variable loan, you won’t be able to pay it off quicker or get access to money you have already repaid if you ever need it.

You repay only the interest on the amount borrowed usually for the first one to five years of the loan, although some lenders offer longer terms. Because you’re not also paying off the principal, your monthly repayments are lower. At the end of the interest-only period, you begin to pay off both interest and principal. These loans are especially popular with investors who plan to pay off the principal when the property is sold, having achieved capital growth.

Repayment Options

Extra Repayments

If you pay more than the required regular repayment, the extra amount is deducted from the principal.  This not only reduces the amount you owe but lowers the amount of interest you repay. Making extra repayments regularly, even small ones, is the best way to pay off your home loan quicker and save on interest charges.

Interest in Advance

This is a little-known type of repayment however works well for seasonal requirements or tax planning.

Other Features

Direct Debit

Your lender automatically draws repayments from a chosen bank account. Apart from ensuring there is enough cash in the account, you don’t have to worry about making repayments.

Portable loans

If you sell your current property and buy somewhere else you can take your home loan with you.  This can save time and set-up fees, but you may incur other charges.

Professional package

Home loans over a certain value are offered at a discounted rate, combined with discounted fees on other banking services.  These can be attractively priced, but if you don’t use the banking services you may be better off with a basic variable loan.

What you need to know

Benefits

  • Lower regular repayments during the interest only period.
  • If it is not a fixed rate loan, you have the flexibility to pay off, and often redraw, the principal at your convenience.

You should be aware of

  • At the end of the interest only period you have the same level of debt as when you started.
  • If you’re not able to extend your interest-only period, you could face the possibility of increased repayments.
  • You could face a sudden increase in regular repayments at the end of the interest-only period.

You repay only the interest on the amount borrowed usually for the first one to five years of the loan, although some lenders offer longer terms.

Because you’re not also paying off the principal, your monthly repayments are lower.  At the end of the interest-only period, you begin to pay off both interest and principal.

These loans are especially popular with investors who plan to pay off the principal when the property is sold, having achieved capital growth.

Repayment Options

Principal & Interest

Repayments are calculated on the total term of the loan and the fixed interest rate that you select.

Weekly or fortnightly repayments

Instead of a regular monthly repayment, you pay off your home loan weekly or fortnightly.

This can suit people who are paid on a weekly or fortnightly basis, and will save you money because you end up making more payments in a year, cutting the life of the loan.

Interest only

You only pay the interest on the loan, not the principal, usually for the first one to five years although some lenders offer longer terms.
Many lenders give borrowers the option of a further interest-only period.  Because you’re not paying off the principal, your monthly repayments are lower.
These loans are especially popular with investors who pay off the principal when the property is sold, having achieved capital growth.

Other Features

Direct Debit

Your lender automatically draws repayments from a chosen bank account.  Apart from ensuring there is enough cash in the account, you don’t have to worry about making repayments.

Portable Loans

If you sell your current property and buy somewhere else you can take your home loan with you.  This can save time and set-up fees, but you may incur other charges.

Professional package

Home loans over a certain value are offered at a discounted rate, combined with discounted fees on other banking services.  These can be attractively priced, but if you don’t use the banking services you may be better off with a basic variable loan.

What you need to know

Benefits

  • Your regular repayments are unaffected by increases in interest rates.
  • You can manage your household budget better during the fixed period, knowing exactly how much is needed to repay your home loan.
  • It gives you peace of mind knowing exactly what you need to pay.
  • If you lock in now you would be taking advantage of some of the lowest fixed rates seen in the past 40 years.

You should be aware of

  • Once your locked in then you can’t early repay
  • You will be up for a penalty cost and associated fees to early repay
  • If your thinking of offloading your property in 3 years time don’t lock in for 4 years

You repay only the interest on the amount borrowed usually for the first one to five years of the loan, although some lenders offer longer terms. Because you’re not also paying off the principal, your monthly repayments are lower. At the end of the interest-only period, you begin to pay off both interest and principal. These loans are especially popular with investors who plan to pay off the principal when the property is sold, having achieved capital growth.

Repayment Options

Extra Repayments

If you pay more than the required regular repayment, the extra amount is deducted from the principal.  This not only reduces the amount you owe but lowers the amount of interest you repay. Making extra repayments regularly, even small ones, is the best way to pay off your home loan quicker and save on interest charges.

Interest in Advance

This is a little known type of repayment however works well for seasonal requirements or tax planning.

Other Features

Direct Debit

Your lender automatically draws repayments from a chosen bank account. Apart from ensuring there is enough cash in the account, you don’t have to worry about making repayments.

Portable loans

If you sell your current property and buy somewhere else you can take your home loan with you.  This can save time and set-up fees, but you may incur other charges.

Professional package

Home loans over a certain value are offered at a discounted rate, combined with discounted fees on other banking services.  These can be attractively priced, but if you don’t use the banking services you may be better off with a basic variable loan.

What you need to know

Benefits

  • Lower regular repayments during the interest only period.
  • If it is not a fixed rate loan, you have the flexibility to pay off, and often redraw, the principal at your convenience.

You should be aware of

  • At the end of the interest only period you have the same level of debt as when you started.
  • If you’re not able to extend your interest-only period, you could face the possibility of increased repayments.
  • You could face a sudden increase in regular repayments at the end of the interest-only period.

Your loan amount is split, so one part becomes variable, and the other is fixed.

You decide on the proportion of variable and fixed and enjoy some of the flexibility of a variable loan along with the certainty of a fixed rate loan.

In addition you can take advantage of a 100% offset account linked to the variable rate, so you can also build a savings plan within you split home loan structure.

Repayments

Interest only repayments

You only pay the interest on the loan, not the principal, usually for the first one to five years although some lenders offer longer terms.  Many lenders give borrowers the option of a further interest-only period.  Because you’re not paying off the principal, your monthly repayments are lower.  These loans are especially popular with investors who pay off the principal when the property is sold, having achieved capital growth.

Extra repayments

If you pay more than the required regular repayment, the extra amount is deducted from the principal.  This not only reduces the amount you owe but lowers the amount of interest you repay.  Making extra repayments regularly, even small ones, is the best way to pay off your home loan quicker and save on interest charges. 

Weekly or fortnightly repayments

Instead of a regular monthly repayment, you pay off your home loan weekly or fortnightly.  This can suit people who are paid on a weekly or fortnightly basis, and will save you money because you end up making more payments in a year, cutting the life of the loan.

Other Features

Redraw facility

This allows you to access any extra repayments you have made.

Knowing you have access to funds can provide peace of mind.  Be aware lenders may charge a redraw fee and have a minimum redraw amount.

Repayment holiday

You can take a complete break from repayments, or make reduced repayments, for an agreed period of time.

This can be useful for travel, maternity leave or a career change.

Offset account

This is a savings account linked to your home loan.  Any money paid into the savings account is deducted from the balance of your home loan before interest is calculated.

The more money you save, the lower your regular home loan repayments.  You can access your savings in the usual way, by EFTPOS and ATMs.

This is a great way to reduce your loan interest, as well as eliminate the tax bill on your savings.  Lenders provide partial as well as 100% offset accounts. Be aware the account may have higher monthly fees or require a minimum balance.

Direct debit

Your lender automatically draws repayments from a chosen bank account.

Apart from ensuring there is enough cash in the account, you don’t have to worry about making repayments.

All in one home loan

This combines a home loan with a cheque, savings and credit card account.  You can have your salary paid into it directly.

By keeping cash in the account for as long as possible each month you can reduce the principal and interest charges.

Used with discipline, the all-in-one feature offers both flexibility and interest savings.  Interest rates charged to these loans can be higher.

Professional package

Home loans over a certain value are offered at a discounted rate, combined with discounted fees on other banking services.

These can be attractively priced, but if you don’t use the banking services you may be better off with a basic variable loan.

Portable loans

If you sell your current property and buy somewhere else you can take your home loan with you.

This can save time and set-up fees, but you may incur other charges.

What you need to know

Benefits

  • Your regular repayments will vary less when interest rates change, making it easier to budget.
  • If interest rates fall, your regular repayments on the variable portion will too.
  • You can repay the variable part of the loan quicker if you wish.

You should be aware of

  • If interest rates rise, your regular repayments on the variable portion will too.
  • Only limited additional repayments of the fixed rate portion are allowed.
  • You will be penalised financially if you exit the fixed portion of the loan early.

You can pay into and withdraw from your home loan every month, so long as you keep up the regular required repayments. Many people choose to have their salary paid into their line of credit account.

This type of loan is great for people who want to maximise their income to pay off their mortgage quickly and/or who want maximum flexibility in their access to funds. This type of facility can also use funds already paid off on your home loan to invest in shares or place a deposit for an investment property, without having to go back to the bank for a new loan.

Repayment Options

A Line of Credit is an ongoing interest only facility with the loan not required to be repaid until the full loan term expires. For example if your line of credit facility has a 25 year term then you are not expected to repay this until the end of the 25 years. As long as you make your monthly interest repayments then there is no problem in having to clear your debt in full or have the bank call up the loan. If you have your salary paid into this account on a minimum monthly basis, this can act as the interest only repayment. Remember, you only pay interest on what you use.

Other Features

Redraw

With this type of loan you can redraw as many times you like without paying fees. That is why this type of facility is best for a share investor or one who needs access to a quick deposit on a investment property purchase. You can make unlimited deposits and withdrawals.

All in one account

You can use this as an all in one transaction/loan account allowing your regular salary act as the repayment for your loan.

Only pay for what you use

Unfortunately there are no fixed interest rates that apply, however a variable rate will allow you to only pay the interest on what you use.

What you need to know

Benefits

  • You can use your income to help reduce interest charges and pay off your mortgage quicker.
  • Provides great flexibility for you to access available funds.
  • You can consolidate spending and debt management in a single account.
  • Can allow you take advantage of investment opportunities immediately.
  • You can combine this type of loan within a split facility arrangement.

You should be aware of

  • Without proper monitoring and discipline, you won’t pay off the principal and will continue to carry or increase your level of debt.
  • Line of credit loans usually carry slightly higher interest rates.
  • Purchasing non investment items could mean paying a higher debt over many years.

Popular with self-employed people, these loans require less documentation or proof of income than most, but often carry higher interest rates or require a larger deposit because of the perceived higher lender risk.

In most cases you will be financially better off getting together full documentation for another type of loan. But if this isn’t possible, a low doc loan may be a good option to secure the funds you need.

Repayment Options

Weekly or fortnightly repayments

Instead of a regular monthly repayment, you pay off your home loan weekly or fortnightly.

This can suit people who are paid on a weekly or fortnightly basis, and will save you money because you end up making more payments in a year, cutting the life of the loan.

Extra Repayments

If you pay more than the required regular repayment, the extra amount is deducted from the principal.

This not only reduces the amount you owe but lowers the amount of interest you repay.

Making extra repayments regularly, even small ones, is the best way to pay off your home loan quicker and save on interest charges.

Principal & Interest

Repayments are calculated on the total term of the loan and the fixed interest rate that you select.

Interest only repayments

You only pay the interest on the loan, not the principal, usually for the first one to five years although some lenders offer longer terms.

Many lenders give borrowers the option of a further interest-only period.  Because you’re not paying off the principal, your monthly repayments are lower.

These loans are especially popular with investors who pay off the principal when the property is sold, having achieved capital growth.

Other Features

Redraw facility

This allows you to access any extra repayments you have made.  Knowing you have access to funds can provide peace of mind.

Be aware lenders may charge a redraw fee and have a minimum redraw amount.

Direct Debit

Your lender automatically draws repayments from a chosen bank account.

Apart from ensuring there is enough cash in the account, you don’t have to worry about making repayments.

All in one home loan

This combines a home loan with a cheque, savings and credit card account.

You can have your salary paid into it directly.

By keeping cash in the account for as long as possible each month you can reduce the principal and interest charges.

Used with discipline, the all-in-one feature offers both flexibility and interest savings.

Interest rates charged to these loans can be higher.

Offset account

This is a savings account linked to your home loan.

Any money paid into the savings account is deducted from the balance of your home loan before interest is calculated.  The more money you save, the lower your regular home loan repayments.

You can access your savings in the usual way, by EFTPOS and ATMs.

This is a great way to reduce your loan interest, as well as eliminate the tax bill on your savings.

Lenders provide partial as well as 100% offset accounts.

Be aware the account may have higher monthly fees or require a minimum balance.

Fixed Interest Rates

You can lock into a fixed rate for a low doc loan. These rates can be a little higher then what you see advertised but check with us and we can give you these rates at the time you take out the loan.

Depending on your financial position and your loan strategy, you can take either a principal and interest or interest only repayment option for the fixed term.

Benefits

  • Lower requirement for evidence of income.
  • May overlook non-existent or poor credit rating.
  • Generally have more equity in the property and not over extending yourself.

You should be aware of

  • You will probably pay higher interest than with other home loan types, or may need a larger deposit, or both
  • You can’t take advantage of professional packages
  • Most lenders will only provide up to 60% of the purchase price and above this you will have to pay lenders mortgage insurance.

Originally designed for first-home buyers, but now available more widely, introductory loans offer a discounted interest rate for the first six to 12 months, before the rate reverts to the usual variable interest rate.

Repayment Options

Principal & Interest

Repayments are calculated on the total term of the loan and the fixed interest rate that you select.

Weekly or fortnightly repayments

Instead of a regular monthly repayment, you pay off your home loan weekly or fortnightly.

This can suit people who are paid on a weekly or fortnightly basis, and will save you money because you end up making more payments in a year, cutting the life of the loan.

Interest only

You only pay the interest on the loan, not the principal, usually for the first one to five years although some lenders offer longer terms.

Many lenders give borrowers the option of a further interest-only period.  Because you’re not paying off the principal, your monthly repayments are lower.

These loans are especially popular with investors who pay off the principal when the property is sold, having achieved capital growth.

Other Features

Direct Debit

Your lender automatically draws repayments from a chosen bank account.  Apart from ensuring there is enough cash in the account, you don’t have to worry about making repayments.

Professional package

Home loans over a certain value are offered at a discounted rate, combined with discounted fees on other banking services.  These can be attractively priced, but if you don’t use the banking services you may be better off with a basic variable loan.

Offset account

This is a savings account linked to your home loan.

Any money paid into the savings account is deducted from the balance of your home loan before interest is calculated.  The more money you save, the lower your regular home loan repayments.

You can access your savings in the usual way, by EFTPOS and ATMs.

This is a great way to reduce your loan interest, as well as eliminate the tax bill on your savings.

Lenders provide partial as well as 100% offset accounts.

Be aware the account may have higher monthly fees or require a minimum balance.

Benefits

  • Lower regular repayments for an initial ‘honeymoon’ period.
  • Gets you off to a great start when it comes to your home budget

You should be aware of

  • Loans may have restrictions, such as no redraw facilities, for the entire length of the loan.
  • You may be locked into a period of higher interest rates at the expiry of the honeymoon period

A reverse mortgage allows those who are over 65 years of age to unlock the equity in their property to improve their lifestyle during retirement. Defer repayments until you no longer live in your home.

The loan may be taken as a lump sum, an income stream, a line of credit or a combination of these options.

Repayment Options

Compound Interest

Interest is charged like any other loan, but you usually don’t need to make repayments while you live in your home.

You will be charged interest on the loan amount you borrow. Fees and interest are added to the loan balance as you go, and the interest compounds. This means you will pay interest on your interest, plus on any fees or charges added to the loan. Over time, the amount you owe the lender will increase, and the longer you have the loan, the more the interest compounds and the bigger the amount you will have to repay.

Extra Repayments

The loan must be repaid in full if you sell your home or die or, in most cases, if you move into aged care. Typically, you are charged a higher interest rate on a reverse mortgage than for a standard home loan.

However, you can pay down the loan at anytime or make regular repayments so that you can manage capitalised interest payments. This not only reduces the amount you owe but lowers the amount of interest you repay.  Making extra repayments regularly, even small ones, is the best way to pay off your home loan quicker and save on interest charges.

Other Features

Lower Value Ratios

Loan Value Ratio’s for these type of loans are usually lower then regular mortgages. These depend on the lenders appetite for these type of loans.

Negative Equity Protection

All lenders are required to provide negative equity protection which means that you can’t end up owing the lender more money then your home value.

Benefits

  • Your lifestyle can be maintained during retirement
  • There are no ongoing monthly loan repayments, as the full debt is not paid until your home is sold or other investments clear your debt.
  • You may be able to invest a lump sum amount through a financial planner that will  help you manage the reduction of the loan.

You should be aware of

  • these type of loans attract higher interest rates and fees then regular home loans
  • the debt can rise quickly as interest compounds
  • the loan may effect your loan eligibility
  • you may not have enough money for your aged care or other future needs
  • if you fix your interest rate then the cost to break this could be high

An SMSF (Self Managed Super Fund) loan is used to describe when a superannuation fund borrows money to purchase an investment asset.

Many investors borrow money in their personal name or via a company or trust structure to purchase property, stocks or other investment assets.

Borrowing to invest in super is new. Until recently, this type of investment strategy was not available because the superannuation laws prohibited borrowing except in limited circumstances. The law was amended from September 2007 to allow super funds to borrow more broadly. ad subsequent amendments in 2010 have further clarified the capacity of super funds to borrow to invest.

When a lender assesses the borrowing capacity they will look at the Loan Valuation Ratio (LVR) and the servicing of the debt. Not every lender does SMSF borrowing’s however for those that do commercial investment property loans they will generally lend up between 65% – 70% of the property value.

Servicing of the debt come from two main areas – your superannuation contributions and the rental income from the property. If there is a shortfall between the Principal and Interest Repayments and the combined super contributions and rental income, the difference is made through increased super contributions.

Before deciding to go ahead with a SMFS borrowing

If you are thinking about deciding to take this approach you firstly need to obtain your own legal, tax and financial advice. By gaining advice you will then understand whether your SMSF has the appropriate powers to borrow and invest in property, and that your SMSF structure is supported by appropriate legal and financial documents.

As this is a relatively new borrowing strategy, it is also can attract additional legal and accounting fees, such as annual audit fees, that are not common to purchasing a personal home or investment property. Again we ask that you consult your legal and financial advisors on the costs, and then come and talk to us in respect to each lenders borrowing costs.

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FAQ’s About AAP Finance Brokers

Fees And Commissions

We will always outline to you in writing upfront; any potential fees, commissions or referrer fees from service providers including for insurance or accounting services.

We are committed to building trusted long-term relationships; therefore, transparency is essential. Our portfolio of long-term customers is our testament of this.

Learn More…

When providing finance or key advice we first must understand your individual circumstances. We offer specialist skills, built up over many years of banking experience.

Our services include:

  1. Face to face meetings, whether that is at your home, business premises, or at our office. Just let us know what you would prefer.
  2. A full Teams, Skype, Wechat, WhatsAp, Zoom or FaceTime (Mac Only) call service, to save you time and money.
  3. Evening or breakfast appointments (depending on location) because we know how hard it is during your busy day. We also are open Saturday’s if that suits.
  4. We like to provide at least 3 lending options. If you want more then 3 options let us know and we will be more then happy to provide you with this information.
  5. Direct email and mobile telephone access. There are always questions when going through the finance process, and there is no such thing as a dumb question! We will always try to respond to your questions within 24 hours of asking and if we can’t get the answer within this time we will let you know and advise an estimated resolution time.
  6. A stress free experience once you have made a decision to go with the right lender. We will look after all the rest until settlement and give you estimated process times along the way, based on what our lender advises us.
  7. To process your loan quickly and efficiently. However as we are a brokering business, all lenders are different in how they process their loans. As a general rule any straight forward or simple loan proposal can take from a few days to 3 weeks depending on the lender, and complexity of the loan application.
  8. A minimum twelve-monthly review of your overall individual financial position

Most lenders require the same documents to approve a loan. Make sure you bring the documents below to your meeting with us to help fast-track your loan application. This is a general checklist so some of the documents may not apply to you.  We will confirm which documents you need.

Personal Identification

  • 100 points of ID are required.  A current Passport or Birth Certificate = 70 points.  Drivers Licence = 40 points.  (Please note if these documents are in your maiden name, you will also need to provide a copy of your Marriage Certificate.)
  • Other documents that help build up 100 points include: a Medicare card, Credit card, ATM/Debit card, Council Rates Notice, Pensioner Concession card, Health Care card, Tertiary Student ID card.

Income Details

  • The two most recent payslips from your employer.  (Ideally these will show the company name, number of the payslip and the year-to-date income figure).
  • The most recent Group Certificate from your employer.

If self employed

  • The last two year’s personal and business tax returns and ATO assessments.
  • Other income details

You may also need

  • Rental income statements or bank accounts showing rental income for any investment properties
  • Proof of share dividends or interest earned
  • Centrelink letter confirming family tax benefits
  • Centrelink letter confirming permanent government pensions
  • Private pension group certificate or statement
  • Proof of any other regular, ongoing income.

Credit cards

  • If you have credit card debt, statements for the last six months.
  • If you don’t owe anything on your credit card, the most recent statement.

Additional documents for refinancing

  • Documentation on your existing loan including the date the loan commenced, loan period and any financial penalty payable if you exit the loan early.
  • Statements for the last six months for any existing home loans and personal loans.
  • The most recent Council Rates Notice and building insurance policy on the property or properties being offered as security.

Additional documents if you already own a home

  • Statements for the last six months for any existing home loans or personal loans
  • Your most recent credit card statement
  • Copy of the Contract of Sale for the property you’re buying
  • Statements for the last six months to show your savings/investment history.  (This could include share certificates, savings account statements, term deposit statements, etc.)
  • If other funds are being used for the purchase, evidence showing where the funds are held.
  • If other funds are being given to you, which are not already in your bank account, you will need a Statutory Declaration from the person giving you the money.

Additional documents for First Home Buyers

  • Statement for your First Home Saver Account, if you have one.
  • Statements for the last six months to show your savings/investment history.  This could include share certificates, term deposit statements, etc.
  • If other funds are being used for the purchase, evidence showing where the funds are held.
  • If other funds are being given to you, which are not already in your bank account, you will need a Statutory Declaration from the person giving you the money.
  • Your most recent credit card statement.
  • Copy of the Contract of Sale for the property being purchased.

Additional documents for investors

If you already have investment property/ies:

  • Evidence of income such as rental statements.
  • A copy of the tenancy lease.
  • A Council Rates Notice.
  • Copy of the Contract of Sale for the property being purchased.
  • A letter from a property manager indicating likely rent for the new property.

Additional documents for borrowers seeking a construction loan

  • A copy of a valid builder’s fixed price tender, including all specifications.
  • A copy of Council approved plans.

Information below and download our quick Home Buyers guide here

  1. Get in touch
    Speak to us, we can quickly help find out how much you can borrow and which loan suits your needs, plus answer any questions about the process.
  2. Arrange a pre-approved loan
    If you haven’t started your property search, or are still looking, a pre-approved loan can be useful.  It gives you peace of mind that you can buy a property up to a certain amount.  And it may put you in a stronger negotiating position than other potential buyers who don’t have pre-approval.  We can take care of the paperwork to lodge a loan application.  See our loan documents checklist before meeting with us.
  3. Find your property
    Make sure you do plenty of homework when you’re on the hunt for a new property. Research property prices in the area, potential capital growth and existing and planned infrastructure, such as roads, public transport, schools and shops. If you’re unfamiliar with property values in the area, consider a full valuation carried out by a registered valuer before making a final decision.
  4. Make an offer and sign a Contract of Sale
    Whether you buy property at auction or make an offer on a listing, your agreement with the vendor only becomes a legal commitment when a Contract of Sale (Offer of Acceptance in WA) has been signed by both parties.  This contract will confirm the selling price as well as any terms and conditions.  Your commitment will usually be subject to bank approval, a building inspection report and a pest inspection.The period from signing a Contract of Sale to Settlement — when the property becomes legally yours — is usually six weeks (shorter in some states, such as Queensland). Note: even if you have a pre-approved loan, your lender will still need to complete a valuation of the property you have chosen before issuing full approval.
  5. Pay a deposit
    A deposit is required once a Contract of Sale has been signed by both parties (sometimes called ‘exchanging contracts.’)  You won’t yet have access to your home loan, so your deposit will need to come from savings or elsewhere.  You may also be able to arrange a deposit bond until settlement.  Speak to us about your deposit options.
  6. Appoint a conveyancer
    You will need a solicitor or conveyancer to check the legalities of the Contract of Sale Your conveyancer will also check all rates and taxes have been paid, check land use or building approvals for the property and order any relevant searches. They may also help sort out any inspections.On settlement day, the conveyancer will check the correct amount of money has been transferred from your lender to the seller and all fees — such as Stamp Duty — are paid, so you can take legal ownership of the property.
  7. Cooling off period
    If you didn’t buy your property at auction, you have a cooling off period when you can cancel the contract, although there may be a small penalty.  Cooling off periods vary from state to state.  There is no cooling off period in Western Australia.

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