Frequently Asked Questions

A mortgage broker acts as an intermediary between you and lenders to help you find the best loan options tailored to your needs. They compare loans, guide you through the application process, and negotiate on your behalf.

Mortgage brokers have access to a wide range of lenders and loan products, offering greater choice. They provide expert advice, simplify the process, and may help secure better rates or terms than you might obtain independently. At Infinity Centre, we personalise the loan journey to suit each individual applicant.

Typically, mortgage brokers are paid a commission by the lender. For residential lending, in most cases, there are no fees charged to you. Commercial lending can sometimes incur an upfront service fee. We can discuss this with you in our initial meeting.

Look for brokers who are accredited, experienced, and members of industry bodies like the Mortgage & Finance Association of Australia (MFAA) or the Finance Brokers Association of Australia (FBAA). Here at Infinity Centre, you can feel comfortable in knowing we are members of the Finance Brokers Association of Australia. (FBAA).

Yes, brokers can identify lenders who specialise in assisting clients with low credit scores, though the terms may include higher interest rates or additional conditions. Alternatively, here at Infinity Centre, we can also put you in touch with companies that specialise in credit fix solutions.

• A fixed rate remains the same for a set period, offering certainty in repayments.
• A variable rate can change over time, potentially saving money if rates drop but increasing costs if rates rise.

LVR stands for Loan-to-Value Ratio, which is a measure used by lenders to determine the risk of lending to a borrower. It represents the proportion of the loan amount compared to the value of the property being purchased or used as security. The method behind working out the LVR is (Loan / Value X 100).

In Australia, interest rates are primarily influenced and set by the Reserve Bank of Australia (RBA). The RBA is Australia's central bank and plays a key role in managing the country's monetary policy.
While the RBA sets the cash rate, commercial banks and lenders determine their own interest rates for loans and savings products. These rates are influenced by:

• The RBA's cash rate.
• Market competition.
• The bank’s cost of funding (e.g., wholesale funding costs or deposit rates).
• Risk factors, such as the borrower’s credit profile or loan purpose.

Absolutely! We can meet face to face, over the phone or video conference. Most applications can be completed purely online at a time that is most convenient for you. At Infinity Centre, we can write loans Nation Wide!

Common requirements include identification, proof of income (e.g., payslips or tax returns), bank statements, and details of existing debts. Commercial or Agri loans may require additional documentation. At Infinity Centre, we always take the extra time to work with our applicants to compile their supporting documents with ease.

The timeline varies depending on the complexity of the loan and lender requirements. Home loans typically take 1–2 weeks for approval after submission, while commercial or agricultural loans may take longer.

At Infinity Centre we can help identify the reasons for the decline and suggest alternative lenders or steps to improve your application.

Yes, brokers can assist first-home buyers in understanding their eligibility for government grants, such as the First Home Owner Grant (FHOG), and finding lenders offering competitive rates and terms. At Infinity Centre we specialise in First Home Buyers and Low Deposit Homeloans!

Most lenders require a deposit of at least 5%–20% of the property value. If your deposit is less than 20%, you may need to pay Lenders Mortgage Insurance (LMI).

Brokers can evaluate your current loan, compare it with other products on the market, and help you switch to a loan with better rates, terms, or features to save money.

An owner occupied homeloan is for a principal place of residence. Whereas a residential investment homeloan is for an investment property where you gain rental income from tenants. At Infinity Centre – we do both Owner-Occupied and Residential Investment Loans.

Yes, many mortgage brokers also assist with personal loans. They can find options for debt consolidation, home renovations, car purchases, or other personal needs. We offer personal loans at Infinity Centre.

Your credit score, income, employment stability, and existing debts are key factors lenders consider when assessing your application.

Yes, brokers can help businesses access loans for purchasing equipment, expanding operations, or managing cash flow. They work with lenders who specialise in small business and commercial finance. We can source these business and equipment loans for you at Infinity Centre.

You’ll typically need financial statements, tax returns, a business plan, and details of the loan purpose. Your broker can guide you through the exact requirements.

Yes, some lenders offer tailored solutions for startups, though they may require a guarantor or higher interest rates. Brokers can help identify these options.

Agricultural loans can be used for land purchases, equipment, livestock, crop production, or working capital. At Infinity Centre, we can tailor Agri finance to suit your cash flow.

Brokers understand the unique needs of the agricultural sector and can connect you with lenders offering specialised products, competitive rates, and flexible repayment terms.

Yes, brokers can help you refinance to improve your cash flow, reduce interest rates, or consolidate multiple loans into a single, more manageable facility.