Choosing the right broker matters. A good one won’t just find you a loan; they’ll help you make decisions that support your financial goals for years to come.
Here are six questions worth asking before you start your home-buying journey.
1. How much should I borrow?
Just because a bank says you can borrow a certain amount doesn’t mean you should.
Your broker should help you find the balance between comfort and opportunity, creating a loan that supports your lifestyle today and your goals for tomorrow.
2. Which home loan is right for me?
There isn’t one “best” loan, only what’s best for you.
Your broker will compare fixed and variable options, explain features like offset accounts and redraws, and help you choose a structure that fits the way you manage money.
3. How much deposit do I need?
Every lender is different. Some may ask for 20%, others can accept as little as 5%, and certain professionals may even qualify for LMI waivers.
Your broker will outline what’s realistic for you and show you ways to enter the market sooner without unnecessary risk.
4. What fees will I pay?
Every loan comes with costs beyond the rate.
Application, valuation, legal, and settlement fees can add up, so clarity upfront is essential. A transparent broker will walk you through each cost before you sign anything.
5. What other costs should I plan for?
Buying a home involves more than just the loan.
Stamp duty, conveyancing, inspections, and insurance should all be part of your budget. Your broker can help you prepare for these so there are no surprises at settlement.
6. Can I lock in my rate?
If interest rates rise between application and settlement, your repayments can change.
A rate lock allows you to secure your fixed rate for a set period. Your broker can explain how this works and when it makes sense to use it.
The takeaway
A strong relationship with your broker goes beyond the first purchase. It’s about advice, trust, and strategy built to last.
At Brokerage & Co, we help clients make confident decisions that align with their goals, not just the market. Because the right guidance doesn’t just get you a loan, it sets you up for what comes next.
