BRISBANE HOME LOANS

Borro™ is a home loan broker with a strong industry reputation and outstanding customer retention. We operate with honesty and transparency throughout the home loan process, promoting ethical conduct across all sides of our business. Through our mortgage broking services, Borro™ educates and empowers individuals to help them achieve financial freedom.

Our team has also won several industry awards and accolades, and has over 100 5-star reviews on Google.

Using a Brisbane mortgage broker for a new home loan or home loan refinance can have many advantages over going direct to your bank. Some of the reasons why you might want to use a mortgage broker are:

• Access to more lenders and loan products: A mortgage broker can compare a wide range of loans from different lenders and find the best option for your needs and goals. They can also access exclusive offers and discounts that may not be available to the public.
• Unbiased advice and guidance: A mortgage broker can help you understand the pros and cons of different loans, explain the fees and charges involved, and advise you on how much you can borrow and afford. They can also help you with the loan application process and paperwork, and liaise with the lender on your behalf.
• Save time and money: A mortgage broker can do all the research and legwork for you, saving you time and stress. They can also negotiate better rates and terms with the lenders, which helps you save on interest and fees.
• Personalised service: A Borro™ mortgage broker will tailor their service to your specific needs and preferences. They can work around your schedule and meet you at a convenient time and place. They can also provide ongoing support and assistance throughout the life of your loan.

A good mortgage broker works with an extensive panel of contacts from all sides of the lending industry. At Borro™, we have access to more than 30 lenders, including major banks, regional banks, credit unions, online lenders, specialist lenders and other financial institutions.

There are many types of loans available, each with different purposes, features, benefits, and drawbacks. The type of loan that suits you best depends on your personal preferences, goals, and circumstances. Some factors to consider when choosing a loan type are:

• Your borrowing amount: How much money do you need to borrow? Do you have a large or a small borrowing amount?
• Your capacity for mortgage repayments: How much can you afford to put aside in your bank account for monthly repayments? Do you have a stable and regular income or does it vary from month to month? 
• Your loan purpose: What are you borrowing the money for? Is it for buying a property, a car, a business, or something else? Is it for personal or investment use?
• Your interest rate: Do you prefer a variable rate that can change over time or a fixed interest rate that stays the same for a certain period? How sensitive are you to interest rate fluctuations and market changes as you make your principal and interest repayments?
• Your loan features: Do you want access to extra features such as an offset account, a redraw facility, or the ability to make extra loan repayments? Are you willing to pay higher fees or interest rates for these features?
• Your loan term: How long do you want to take to pay off your loan? Do you want to pay it off as quickly as possible or spread it over a longer period?

As a Brisbane mortgage broker, Borro™ offers a diverse range of financial solutions. We’re flexible with your wants, needs and desires, and will curate a loan package that delivers not just in the here-and-now, but long into the future. If you seek any of the following, we are here to help:

• Home loan Brisbane: This is a loan for home buyers to purchase or refinance a property. This loan type may offer special features such as an offset account, a redraw facility, or the ability to make extra repayments. It may also have different requirements for the deposit, the borrowing amount, the interest rate, and the lender’s mortgage insurance (LMI).
• Personal loan: Personal loans are used for individual purposes such as consolidating debts, paying for a wedding, or going on a holiday. This loan type may have higher interest rates and fees than other types of loans, but we may also be able to get your loan approved more efficiently and with less documentation.
• Business loan: This is used for business purposes such as starting or expanding a business, buying equipment, or managing cash flow. This loan type may have different eligibility criteria, interest rates, fees, and repayment options than other types of loans. It may also require collateral or a guarantor.
• Asset finance: Asset finance is used to buy an asset such as a car, a boat, or machinery. This loan type may have lower interest rates than other types of loans because the asset acts as security for the lender. It may also have different terms and conditions depending on the type and value of the asset.
• Investment finance: Investment loans are used to buy an asset or a business that generates income or capital growth. This loan type may offer tax benefits, such as deducting the interest payments from your taxable income. However, it also involves higher risks, such as losing money if the asset or business performs poorly or the market conditions change.

Yes, Borro’s™ home loan brokers are licensed by the Australian Securities and Investments Commission (ASIC) to give credit advice. In any circumstance, you can check if your broker is licensed by asking them for their Australian credit licence number or contacting a professional body such as the Finance Brokers Association of Australia Limited (FBAA) or the Mortgage & Finance Association of Australia (MFAA).

A good credit history is crucial in securing favourable loan terms. Lenders view a positive credit history as an indication of your reliability in repaying debts, which can lead to better interest rates and loan conditions. At Borro™, we help you understand your credit report and work on improving it if necessary to ensure you get the best possible loan options.