Your lending questions answered

Who are we?2023-07-14T10:35:57+10:00

Simplify Finance is a leading Australian mortgage broker located in St Leonards that specialises in helping first home buyers and property investors with their home loans. Our team of experienced and knowledgeable mortgage brokers can help you find the right home loan for your budget and goals. We offer a variety of free services, such as assistance with home loan pre-approval and give you insight on what’s best for you to help you make the most of your mortgage experience.

To learn more about us and what we do, book a call with us or take a look at the services we provide.

How can you find us?2023-07-05T11:13:05+10:00

Simplify Finance is based in St Leonards. You can find us across from St Leonards station next to Wadanggari Park. If this is inconvenient for you, we are happy to have a conversation over the phone with you or set up a video call to meet your needs.

Book a call with us here or contact us to set up an in-person or online meeting.

What is a mortgage broker?2023-07-05T11:12:57+10:00

A mortgage broker is a licensed professional who helps people find the best mortgage for their needs. To put it simply, Simplify Finance acts as the liaison between the customer (you) and the banks. We work with various lenders to compare interest rates and terms while helping you navigate the loan application process.

Simplify Finance specialises in helping first home buyers as well as property investors. We understand that there is already too little time to do the things you love, and buying a home can be complicated, so our team takes the time to simplify the application and settlement process by learning about your circumstances to provide you with tailored solutions and guide you every step of the way.

Want to know more? Learn about how mortgage brokers are paid or book a call with us today.

Why is Simplify Finance different?2023-07-14T13:40:50+10:00

At Simplify Finance, we believe in building strong relationships with our clients through personalised, face-to-face interactions. Unlike many other businesses, we offer a unique concierge-style service, ensuring that you have a dedicated point of contact for all your banking needs. With a collective experience of 15 years in the industry, we pride ourselves on being there for our clients from the initial application to the final loan settlement. Our primary goal is to provide exceptional customer service and demonstrate your importance to us throughout the process.


Why should I use a mortgage broker if I can go straight to the bank?2023-07-14T10:31:38+10:00

It may surprise you, but going directly to the bank can actually be more expensive than using a mortgage broker. A common misconception is that you can get a better deal on your home loan by going directly to your bank. Simplify Finance has access to over 30 lenders and negotiate on your behalf.

Read more about mortgage brokers to learn more about how we secure the best deal for you.

How does applying for a loan work?2023-07-14T12:15:30+10:00

There are a few steps that are required to apply for a home loan. To begin, you can start by calling us or completing our online assessment. We will ask you some questions and collate your information to tailor a solution specifically for your needs. Once we know which lender you would like to proceed with, we will lodge the application and guide you every step-of-the-way until settlement.


How much can I borrow and how much will my repayments be?2023-07-14T15:44:29+10:00

How much you can borrow for your home loan depends on a number of factors. Lenders take into account your income, credit score and debt to assess the amount you can borrow. Your home loan repayments depend on the size of your home loan. To learn about what your mortgage repayments may look like, see our repayment calculator.

For more detailed information about home loans, get started here or take a look at our services. Simplify Finance aims to assist you in understanding your home loans and borrowing capacity.


How long does it take to get a home loan approved?2023-07-14T12:17:19+10:00

The process will vary depending on your situation or the lender we choose. We always allow 1-5 business days. However, if you are in a hurry for an approval because you are going to an auction or simply found a property you love, please let us know so we are able to prioritise your application.


What happens after my loan settles?2023-07-14T12:18:44+10:00

We understand that your life will change along the way, so our relationship does not end once you have settled your loan. We are the go-to person for all your future financial needs, and we review your current situation on an annual basis to ensure you still have the best loan for your needs.


How do you research the best loan for me?2023-07-14T15:46:10+10:00

Simplify Finance is an independent mortgage broker, which means we’re not affiliated with any particular bank. This gives us the freedom to compare rates and terms from a variety of lenders to find the best deal for our clients. We also take into account your individual financial circumstances, such as your income, debt, and credit score, to ensure we find a loan that’s right for you.

Here are some of the specific steps we take to research the best loan for you:

  • We compare rates and terms from a variety of lenders. We have access to a wide network of lenders, so we can compare rates and terms from multiple banks and other financial institutions. This ensures we find the best possible deal for you.
  • We take into account your individual financial circumstances. We understand that everyone’s financial situation is different. That’s why we take the time to understand your income, debt, and credit score before we recommend a loan. We also take into consideration rate, product, flexibility and your future plans to ensure we find a loan that’s right for you and your budget.
  • We offer free consultations. We understand that finding the right loan can be a daunting task. That’s why we offer free consultations. During your consultation, we’ll answer any questions you have about the mortgage process and help you find the best loan for your needs.

If you’re looking for a mortgage, Simplify Finance can help you find the best loan for your needs. We’re independent, so we can compare rates and terms from a variety of lenders. We also take into account your individual financial circumstances to ensure we find a loan that’s right for you.

Can you help me find a property?2023-07-14T12:19:17+10:00

Our services are primarily to assist you with the right loan structure and to find the best option that suit your needs when buying your property. However, we can also put you in touch with buyers agents or real estate agents that can support you in finding your next investment property or your dream home.


How are mortgage brokers paid?2024-01-30T15:13:08+11:00

All mortgage brokers are remunerated by the banks. However, some brokerages may charge a fee for their services. But rest assured; Simplify Finance does not charge a fee should you decide to partner with us. We do all the research and find a solution to your financial needs. Once your loan settles, we receive a direct payment from the lender from whom you obtained your loan. We believe in total transparency and will disclose our commission in the credit proposal at the application stage.

Read about how mortgage brokers get paid to learn more.


What are the different ways to pay off a mortgage early?2023-07-14T15:41:41+10:00

Property prices are extremely high in Australia, but it is still possible to pay off your mortgage early. The most straightforward way to pay off your mortgage early is by making extra repayments. Even if you can only afford to make a small payment every month, it will add up over time. However, it is important to note that paying off your mortgage early may not be the best financial decision for everyone. If you have other debts with higher interest rates, it may be more beneficial to focus on paying those off first. You should also consider your financial goals and how paying off your mortgage early will affect them.