When you contact us, we help you find the cheapest interest rates available to your specific situation. But rather then just compare the quoted interest rates of the various lenders, we take all fees and charges into account as well and what impact they have on your particular loan size. We also take into account factors such as your intention to make additional repayments or to pay the loan out if full well before its 25 or 30 year term.

For the lay person, it can sometimes be difficult to get the right information. A bit like phone companies, banks and other lenders like to call the same thing by different names. One lender may say “we don’t charge an application fee” only to hit you with lender’s legal fees and settlement fees instead.

Many lenders like to make you feel good by selling you a professional package with the promise of a cheaper interest rate. The name varies from lender to lender, from Advantage Package, Professional Package, Mortgage Advantage Package to Breakfree Package.  What they all have in common is an annual fee ranging from $300 to $550.

An annual fee of $395.00 (a very common charge) is equal to a 0.24% higher interest rate on a $200,000 loan. You can see that a cheap interest rate does not necessarily equal a cheap loan. It is our job to give you all the information needed to make the best choice for your circumstances.