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We
recognise that buying a home or investment property
is often the single biggest financial decision
you may ever make.
To help you make the right decisions we’ve
prepared answers to some of the most Frequently
Asked Questions in home loan lending.
Q. How much can l borrow,
what will be my repayments?
The amount you can borrow and your repayments
depend on the lender your choose, the term of the
loan,
the amount of your deposit, your income, your employment
history, what you are personally capable of repaying,
your other loans and even which repayment options
and product you choose.
This is why we suggest that you speak to one of
our loan consultants who will be able to qualify
your situation with every major lender in Australia
before you actually apply.
If you need assistance at any time, contact us
on 1 800 800 767 or simply email us confidentially
at
inquiry@moneyst.com.au.
Q. How do l choose the
right home loan to suit me?
As we all have different jobs, earn different amounts
of money and are buying property for different
reasons, the loan the suits you may not suit someone
else. So when choosing a home loan the interest
rate must be competitive, but is not the only factor
you need to consider. You’ll need to consider
the fees and charges, the term of the loan, repayment
options as well as the lenders general competitiveness,
Internet banking and A.T.M .access, bill paying
capability and a host of other features.
Therefore if you're looking to buy a home or just
compare your existing loan, our
consultants will work with you to:
 qualify
your application with
every major lender
in Australia before
actually applying
review
each lender’s
product, fees, charges
and repayment options,
as well as their
general
competitiveness
help
you choose the best
lender in
the market for the
type of loan you
require
structure
your loan to make
sure
the overall loan
cost is minimised
manage
your application
for you right through
to the day you settle
Your Money St loan consultant actually becomes
your account manager and will look after you throughout
the loan application process.
Q. Are there additional
benefits, other than the interest rate, that l
should consider when choosing my loan?
Yes! You should always ask yourself, if you need
to include other important features, such as: Parental
leave capability, direct salary crediting, offset
and redraw facilities, loan portability, card auto
pay, interest in advance, paying monthly or fortnightly
as well as the products general fees and charges.
Each type of loan, and each lender, will provide
some or all of these features. It’s important
to review these options with your Money St specialist
And don’t forget that banking and bill paying
has become quite sophisticated. So we recommend
that you consider a lender that can offer convenient
features such as internet banking for your account
transfers, bill paying, and requests for statements
etc. It’s also important to remember ATM
access and EFTPOS for all your cash needs, because
a loan will always be much more than just an interest
rate . . . and these features alone can save you
thousands of dollars over the life of the loan!
Q. Why use Money St?
Money St is Australia’s first free multibank
loan centre. It gives you access to the industry’s
best and most competitive banks and lenders under
one roof.
Money St multibank loan centres are designed
specifically for you and provide:
Access
to over 30 of Australia’s leading
banks and lenders under the one roof.
The ability to qualify for a home loan on the
spot with any of the lenders we represent before
you actually apply.
Compare
every lenders interest rates at a glance.
Compare
each lenders fees and charges on every loan product
offered.
Work
out the real cost of a home loan using state
of the art loan software.
Professional
staff who are truly independent to guide you
through the lending process
An
internal credit department to ensure that your
home loan is properly prepared before
it
is submitted to the lender.
Learn
how to save up to 40% off the cost of your home
loan.
Arrange
a deposit bond so you don’t have
to come up with a 10% cash deposit when purchasing
a property.
Have
your loan application managed by experts right
through until the day you settle.
Money Street has a vision to be Australia’s
best boutique retail financial services company.
Being the best means providing customers with outstanding
quality service and advice and empowering customers
with knowledge to allow them to make an informed
decision. That’s the Money St commitment
Q. What does it cost at Money
St?
As authorised representatives for most of Australia’s leading bank and
non-bank lenders, we guarantee that our service is free
of charge. With
no loan
products of our own, we also guarantee that we are truly
independent. |
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