Answers to our most Frequently Asked Questions
If it costs us nothing, how do FPM get paid?
We are paid an arranging fee from the selected lender. It doesn't cost any more to use our services, and in fact often we can save you money as well as time and effort.
What are the benefits of using an FPM broker?
We make the process as easy as possible and work with you to obtain the best deal. We can arrange valuation, credit checks and inspection report if required. We work with your real estate agent, lawyer and the bank, which saves you time and effort. You also receive free independent advice covering a large number of lenders and banks.
Why should I deal with you and not the lender direct?
Hunting down the right home loan or finance arrangement for an investment property can be a daunting task. Today, there are more organisations offering finance than ever before, and there are more options available. The increased number of players, the new options and an increased ability to switch lenders without penalty means there are more opportunities than ever to get the arrangement you want - but only if you know where to look and what you're looking for. By trusting FPM, you can be sure you're getting the best recommendation from a professional who's truly in the know.
What are some of the questions I should be asking before I make a decision?
What's the best type of loan for my situation?
Which lender has the best interest rates? Who has the lowest fees?
What are the costs of redraws?
Should the loan be fixed rate or variable or some form of blended rate?
What happens when the loan matures? What are the costs of early repayment?
Are there any specials around?
Is a variable loan the best way to go?
How much can I borrow?
We'll answer these questions, and a whole lot more.
How difficult is it to get a loan if you're self-employed or a contract worker?
It depends. It can be very difficult. And that's where we can make a significant difference. We've represented many self-employed people over the years. We know which lenders are likely to be most sympathetic to your situation. And we know the very best way to make your case.
Can I get pre Approval?
Yes, Pre-approvals are useful for first home buyers to establish your maximum borrowing ability before you commence looking for a home. They are also useful for those who prefer to have the peace of mind of having a pre-approval particularly those looking to purchase at auction.