Frequently asked questions about finance and loans
Can you help us choose the right home loan package?
Yes! We are home loan specialists. We'll take all the headache out of your loan application and keep your posted throughout the entire lending process. Call Lifestyle Finance Mackay today to find the right financial solution for you.
How much can I borrow?
Most lenders will let you borrow between 90—95% of the value of the property. Your borrowing power varies along with your choice of lender. Factors such as other ongoing debt will effect the loan. Lifestyle Finance Mackay's mortgage specialists will give you an idea of your maximum borrowing capacity.
What is a construction loan?
Construction loans are different to usual home loans because you only pay interest on funds that have been drawn from the loan. Repayments slowly increase as building progresses.
Why should I use a mortgage broker?
Mortgage brokers work for you, not the banks. Lifestyle Finance Mackay has fully accredited brokers. We'll find out what you need before using our knowledge of the market to negotiate with lenders. We'll find a range of options to suit you—not the lenders.
I'm thinking about investing in commercial property. Can you assist with a business loan?
Yes! Our team is experienced in tailoring business loans to suit you. We can organise a referral to a bank to help your business expand. Call us to talk about your commercial property investment today.
Can you help first home buyers?
Yes, we can! We've been helping first home buyers for many years. We can guide you throughout the process from application to settlement. Let us assist you every step of the way.