FAQs
Frequently Asked Questions
Switching lenders
We understand that switching your home loan can be a complex procedure. There can be a bit of paperwork required, fees for moving the loan from the current lender to another and a variety of new loans to choose from. That is why the team at A1 LoanHub is here to assist and do the hard work for you. We will help you understand your options and decide whether switching will make a difference for you over the life of the loan.
Stamp Duty
Our stamp duty calculator in the resources tab will provide an estimate of how much the stamp duty will be. If you require more specific information you can contact our team for assistance.
When the fixed term ends what happens next?
When you are nearing the end of your fixed term contract there are a few options available to you. By doing nothing the loan will revert to the applicable variable rate product. Prior to the fixed term maturing you can call us on 0421219091 and arrange to have your loan refixed at the applicable rates.
Offset Account
An offset account is like an everyday or savings account that is linked to your home loan, it can be used to help reduce the interest paid and the length of a home loan.
Deposit Queries
Typically, you will need a deposit of 5–10% of the value of a property, which you will pay when signing a Contract of Sale. You are welcome to discuss your options with us for a deposit. You may be able to borrow against the equity in your existing home or an investment property.
Repayment Queries
If you wish to know what your repayments might be, check out our Repayment Calculator in the Resources hub for an estimate.
Borrowing Power
This depends on your net income (salary and income from various sources) as well as your net savings. Your financial past is not considered; what is crucial is if you will be able to pay off the loan in the present and the future.
We understand that the borrowing needs and financial circumstances will vary with each individual.