Our service ensures that each step is closely monitored.

Frequently Asked Questions

A home loan is a financial agreement where a lender provides funds to help you buy a property. You repay the loan over time with interest.

A fixed rate stays the same for a set period, offering stability, while a variable rate fluctuates based on market conditions, potentially lowering or increasing your repayments.

Typically, you need at least 20% of the property’s value, but some lenders accept deposits as low as 5%, often requiring Lender’s Mortgage Insurance (LMI).

Pre-approval is a lender’s initial agreement to lend you a specific amount, based on a preliminary review of your finances. It’s not a guarantee but helps guide your property search.

Lenders assess your income, credit history, savings, expenses, and existing debts to determine your eligibility and borrowing capacity.

LMI is insurance you pay when your deposit is less than 20%, protecting the lender if you default on the loan.

Yes, but you may need to provide more detailed financial records, such as tax returns and business financial statements, to demonstrate income stability.

An offset account is a savings account linked to your home loan. The balance reduces the interest charged on your loan, saving you money over time.

A redraw facility allows you to access extra repayments you’ve made on your loan. It’s a useful feature for financial flexibility.

Approval times vary but typically take 1–2 weeks for standard applications. Pre-approval can speed up the process.

A comparison rate reflects the total cost of a loan, including interest and standard fees, helping you compare different loans more effectively.

Aside from your deposit, you may need to budget for stamp duty, legal fees, inspections, LMI, and loan application fees.

Yes, but some loans may have early repayment fees or restrictions. Check your loan terms or speak with your broker.

Refinancing involves replacing your existing loan with a new one, often to secure a lower interest rate, consolidate debt, or access equity.

Missing repayments can incur fees and affect your credit score. If you’re struggling, contact your lender immediately to discuss options.

Equity is the difference between your property’s value and the amount you owe on your loan. You can use it to invest, renovate, or consolidate debts.

A guarantor isn’t always required but can help you secure a loan with a smaller deposit. They provide security for your loan by using their property as collateral.

Yes, but you may face fees for breaking your loan early. Switching lenders can be beneficial if you find better rates or features elsewhere.

Stamp duty is a government tax on property purchases. The amount depends on your property’s value, location, and whether you’re a first-home buyer.

A mortgage broker simplifies the home loan process by comparing lenders, negotiating rates, and guiding you through paperwork, saving you time and effort.

Our services are fee-free

Take the stress out of home financing with MPF Home Loans. Our fee-free services make securing your dream home simpler and more affordable. Ready to get started? Contact us today and let our expert team guide you every step of the way!

80 years combined experience

Our services are fee-free

Take the stress out of home financing with MPF Home Loans. Our fee-free services make securing your dream home simpler and more affordable. Ready to get started? Contact us today and let our expert team guide you every step of the way!

80 years combined experience

Better service starts here

Better service starts here

“The team at MPF were amazing to deal with. Excellent and timely communication which made the entire purchasing process so easy. We will definitely be using them again.”

J Manning

“I’ve used MPF twice now and both Cameron and Tayla have been such wonderful help. They are a wealth of knowledge, efficient and their constant communication left me feeling involved in what was happening every step of the way! Thanks for making me feel at ease through our purchasing process!”

S Pastyn

“High level of professionalism and responsiveness. Amazing service in complex, time pressured circumstances. Tayla was a pleasure to deal with. I would recommend MPF without hesitation.”

S Harrison