Frequently Asked Questions

Answers To All Your Questions

I know how hard it can be to secure any type of lending these days, with so many hoops to jump through and banking jargon and policies which change from lender to lender, this is why I want to provide you with the best information and resources at all times. Below you’ll find answers to some of my clients’ frequently asked questions. Still have a question? Feel free to get in touch with me with additional comments and queries.

When should I refinance?

The quick answer is anytime, there's never a bad time to review your financial situation.

It could be reviewing that you have the best pricing on your current loan, changing to a different product with your lender to get a more appropriate facility if their product offering has changed - or changing banks altogether!

There are some factors to be aware of though - for example if you are on a fixed rate still there may be break costs to consider.

Should I get a fixed rate or variable rate loan?

There is no right or wrong answer here, it all depends on a set of factors specific to you and your circumstances, which is why I take the time to understand where you are now and where you want to be in the future - multiple factors come in to play with different rate structures, the lower rate on paper may not be the most suitable product for you when you take into account features, benefits and restrictions - and that's where the value of a finance professional makes all the difference in your lending journey.

What does it cost me to use MXM Finance

Nothing, Nada, Zip, Zilch!

The best part about utilising the services of MXM Finance is there is no cost to you - the bank pays us as a finance broker for arranging the loan to be written through them, the bank is saving on the fixed costs of having to pay staff and branches to "sell" you their products, so they pay a portion of that to the broker instead.