Why trust us with your finance future?
Principle and founder, Lee Conquest has been working successfully as a finance broker since 2009. Lee and her team have established themselves as an approachable, highly respected financial services provider with a membership base comprising of the top finance, and financial planning specialists across Australia.
We’re mortgage brokers
It’s our job to find the right loan for you. We do that by helping you navigate the choices and changes in the market. Then we go in to bat for you and can even negotiate on your behalf. Once we’ve found a loan we like the look of, we’ll help manage the whole process for you.
Why use us?
Whether it’s for your first home, refinancing your current place or an investment, we have access to loans from a host of Australia’s leading lenders, one of which could be the right one for you. Finding one that’s right for you is the hard part, and that’s where we come in. We’ll consider a range of options to help you get the solution you’re looking for.
We’re here from start to finish.
We’re not just here to help you find a loan with the right fit. We’re here to make the whole process easier. Once we’ve found a loan, we’ll help take care of the paperwork or manage the application process right through to approval.
Call us any time.
You can pick up the phone or email us at any time during your financial journey. Maybe you’re about to buy, want to build your investment portfolio, renovate or just review – you can make an obligation-free appointment with us at a time and place that suits you.
You come first.
When we meet, we’ll ask about your financial circumstances and goals to understand what’s important to you in a home loan. You may be looking for flexibility because you’re planning to start a family or you may want ready access to equity for a rental property or renovations. There’s a huge choice of products and we’ll recommend one that’s right for you depending on your needs. And we always look for a loan that suits you, not the lender.
Any Questions?
A Finance Broker like Lee assists the consumer (YOU) in finding an appropriate loan that suits your unique needs and circumstances. To do this, Lee leverages her knowledge and experience across a broad spread of products from multiple lenders. The team at Conquest Lending Centre endeavour to recommend products that suit the client’s needs and objectives.
- Determine your budget
- Research the market
- Choose the right home loan and get pre-approval
- Inspections – building | pest | strata title
- Making an offer and securing formal loan approval
- Arranging the contract deposit
- Contacts and legal work
- Settlement
With a variable interest rate loan, the interest rate charged to you may go up and down. This means that your regular repayment amount will also go up and down as the interest rate changes.
BENEFITS – You are usually permitted to make additional repayments which can save you interest and can help you pay off your home loan sooner. Variable-rate home loans typically have more flexibility with additional features such as redraw and mortgage offset.
THINGS TO CONSIDER – Your repayments may increase if interest rates rise. Makes budgeting more difficult as you are less certain of how much your repayments will be and how interest rates will move. If you have not budgeted for interest rate rises, you may have difficulty keeping up with your repayments.
FIXED INTEREST RATE With a fixed interest rate loan, the interest rate charged to you is locked for a set period of time, typically 1,2 3,4, 5 or 7 years. This means that your regular repayment amount will not change during that period of time. At the end of the fixed-rate term, the loan will usually switch to the standard variable rate offered by the lender or you can choose another fixed rate term.
BENEFITS Your repayments will not increase if interest rates rise. Fixed-rate loans provide certainty and make budgeting easier as you know exactly how much your repayments will be.
THINGS TO CONSIDER You will not benefit from falling interest rates. You are fixed into a set term, so you may be unable to sell your property or refinance until that term has expired. Unlike exit fees that were abolished in 2011, lenders can still legally charge you a break fee if you payout or refinance a fixed-rate loan during the fixed-rate period. You may not be permitted to make any additional repayments, or they may be capped to a certain amount. A redraw facility is usually not available on fixed-rate loans. When you refinance upon expiry of your fixed-rate loan, interest may have significantly increased.
Another option available is to split your home loan so you have part with a fixed interest rate and part with a variable interest rate. There is typically no restriction on how you split the loan, so you can allocate the proportions that you are most comfortable with eg. 50/50 or 30/70 etc. A split loan allows you to take advantage of the benefits of both types of loans – you have the certainty of a fixed rate on part of your loan as well as the flexibility to make extra repayments on the variable rate part of your loan.
BENEFITS You will pay less interest over time and you will pay off your loan in full by the end of your loan term.
THINGS TO CONSIDER Your repayment amount will be higher as the principal is being repaid as well as interest.
BENEFITS Your repayment amount will be lower during the interest-only period as no principal amount is being repaid.
THINGS TO CONSIDER At the end of the interest-only period, your repayments will increase and be higher to repay the principal over the remaining, shorter term.
Some loans offer the ability to make repayments above the minimum repayment amount, so you can repay the loan faster and reduce the amount of interest you are charged.
This is an optional feature on certain home loans that allows access to any additional repayments made on your home loan. If you redraw funds from your home loan, your outstanding balance will increase. Some lenders have a minimum redraw amount and may also charge a fee per redraw.
A mortgage offset account is a bank account that is linked to your home loan. No interest is paid on the savings in the offset account. Instead the savings in your bank account reduce the balance of your loan on which interest is calculated.
BENEFITS Your home loan interest is charged only on the net balance, reducing the amount of interest you will be charged which means you can pay your loan off sooner.
THINGS TO CONSIDER Higher monthly fees may apply to have this feature. No credit interest is earned on the balance in the linked account. Additional repayments. Some loans offer the ability to make repayments above the minimum repayment amount, so you can repay the loan faster and reduce the amount of interest you are charged.
- Stamp duty
- Mortgage registration and transfer fees
- Loan application and establishment fee
- Valuation fee
- Lenders mortgage insurance
- Conveyancing and legal fees
- Real estate agent fees
- Council and utilities
- Pest and building inspection
- Strata inspection
- Home building insurance
- Removalist and moving costs