How can we help with finance?

We can analyse your needs and arrange quotes from different lenders, as we do the ‘running around’ for you. Right now all lenders are constantly changing their lending criteria as a result of the Royal Commission. We are advised of all changes prior lending criteria being made public knowledge.

What if I have a good working relationship with my current lender?

We are happy to work with your current lender to assist to make sure you’re getting a competitive rate and a suitable loan structure for your business needs.

How much finance experience does High Definition Finance have?

Craig Wise has worked in the banking industry since 1985 and has held senior roles with several institutions. In Craig’s previous role he specialised in commercial finance for client’s up to $40M in lending including housing loans for directors of these companies.

What could I use a business loan for?

For any business purchase, commercial property, and refinancing of existing business loans. Business loans can also be used for day-to-day running expenses; equipment, inventory, insurance premiums, solar installation, unexpected expenses, renovations & hiring staff.

What information do you need from me for a business loan?

We will require financial information pertaining to your business. As everyone’s business is unique by nature and industry, we would be happy to provide a full list of requirements after an initial discussion.

How can equipment finance help my cash flow?

Rather than paying for equipment up front, financing the equipment will allow your business to make monthly payments over a term that suits your business cash flow.

What type of instalments are available?

Repayments are flexible and can be made monthly, or if your business is seasonal by nature, repayment options are available to suit peak periods in your business. Balloon payments are also available at the end of your finance agreement.

What is the $ range of finance available?

Minimum amount financed is $20,000.  There is no maximum amount however this would be subject to financier conditions.

What does a mortgage broker do?

Mortgage brokers are qualified finance industry professionals. They work with you to determine your borrowing needs and objectives, and to help you determine how much you can borrow. Brokers help to ensure that you don’t take out a loan that is not right for you.

Like your solicitor, accountant or financial planner, we are specialists in what we do and will provide you with a suitable finance solution to help you achieve your goals.

With a mortgage broker, you can expect a more personalised level of service than you would usually receive directly from a lender. Additionally, our brokers have access to finance products from a wide variety of lenders. This means your broker can compare lending products from different lenders to find a loan that’s just right for you.

Do you charge fees for home & investment loans

Some mortgage brokers charge a fee for their services and some don’t. When you take out a loan via a mortgage broker, it does not cost you more in loan repayments. Brokers get paid a commission by the lender for bringing new business to them, but this does not impact your interest rate.

Some brokers charge a fee for their service. They must disclose this fee upfront to you so that you know what it will cost if you engage their services.

Don’t you just recommend the lender who pays you the most commission?

Absolutely not. First of all, there is very little difference between the commissions paid by the various lenders. There is also 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 lender. Our job, our only job, is to find a competitive loan for your needs and objectives.

Isn’t it more expensive to use a mortgage broker?

Some brokers charge a fee for their service which they must disclose to you up-front before you engage their services. However, the costs of the loan are the same. These costs depend on the loan and lender you choose. If you want to save on loan costs, just tell us. We can locate loan products from the lenders with the lowest fees and charges.

How much can I borrow?

There are specific factors that need to be considered when determining how much a customer can borrow, such as income, employment position, the deposit saved, current living expenses and any liabilities. Our borrowing calculator can give you a rough idea of how much you may be able to borrow. For a more accurate assessment, please give us a call and we can go into your options and discuss your circumstances in more detail.

Should I go fixed or variable?

A mortgage broker will recommend a product based on what you say is most important to you – for example, “pay my loan off quickly” or “guaranteed repayments” or “low cost”. We do however, live by the following; “if you want flexibility take a variable rate loan, if you want budget certainty, take a fixed rate loan, if you want both, then do a split loan.”

I’m not in your area, can we still work together?

Sure thing! We are mobile brokers so we can come to you.

Which lenders do deal with?

We have access to a large range of lenders. This means we can source you a loan from different lenders to provide you with a variety of options that are suitable for you and your situation.

Who sets interest rates?

Mortgage brokers do not set rates. The Reserve Bank of Australia meet on the first Tuesday of every month to determine the official cash rate for the country. The lenders then use this information to set their own rates.  Lenders also adjust their rates according to their costs and other economic considerations.

Why should I use a mortgage broker if I can go to a bank?

Lenders will only sell you their own products. Each bank (or lender) has a variety of loan products on offer – low doc, package loans, loans with re-draw facilities, plant and equipment loans, fixed rate loans, interest only, interested in advance, variable, introductory variable… and so on. The issue you face as a consumer is ‘which loan is right for me?’ And that is where your mortgage broker becomes an invaluable resource! If you go direct to the bank, you will only be offered the loan options available through that one lender. As your mortgage broker, we do all the leg work to find the right loan for your needs. We are across many lenders and all of their loan products, and our sole purpose is to find a suitable loan to match your personal financial circumstances and goals.