Award Winning Mortgage Broker & Lending Specialist
We have access to over 40 lenders Australia wide so leave it up to us to find you the right loan and do all the hard work for you.
OUR SERVICES
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WHAT PEOPLE SAY
Find out why people love using Generation Financial Group as their mortgage broker and personal lending specialist
I found Dan James from Generation an excellent mortgage broker. Dan was able to get me two great home loans on my properties and I am very happy with the service Dan provided. Nothing was too much, he always kept me informed the whole way through the process and he was always happy to answer any questions. I will definitely use Dan again for any future home loans.
David Farrell
CustomerI recently upgraded my work ute and used the team at Generation Financial Group to source the finance. The team were very helpful and in no time at all I was on the road in my brand new work ute. I couldn’t be happier, great rates, great service.
Kyle Richards
Director KNM ContractorsRecently, I purchased some equipment for my business. The Generation team had recently been introduced to myself through a mutual friend so I contacted them and informed them of the specialised asset I required. They quickly gathered all of the necessary paperwork and kept me informed throughout the whole process. I was very happy with rates and the level of service I received
Steve Gilmore
Mast Climbers QLDFrequently asked questions
A mortgage broker works for the borrower, not the lender. At Generation Financial Group we put our clients first. We work with you to find out what your requirements are and then we use our experience and knowledge of the market to better negotiate the right loan for you with the lender. We help you complete all of your paperwork and manage the application process for you right through to settlement.
Our aim is to save you time and just make your life easier when looking for the right loan.
LVR stands for “Loan to Value” Ratio. This is the amount of the loan compared to the value of the property. For example, if you have borrowed $400,000 and your property is valued at $500,000, the LVR would be 80%.
LMI (Lenders Mortgage Insurance) is a form of insurance that is taken out by the lender to protect themselves should the customer default (e.g. can’t repay their loan). It is a once off premium that the borrower pays and is generally only required if the LVR is higher than 80%. The key point to remember is that LMI covers the lender, not the borrower.
Both repayment options come with their own pros and cons.
A fixed rate gives you certainty of what your repayments will be each month and will protect you against any future rate rises. However if the rates decrease you will miss out on the benefit.
A variable rate provides you with some added flexibility that a fixed rate may not. For example, extra repayment features, offset account and the ability to redraw on your loan. However, if rates change then there is a risk that your variable rate will also change.
An offset account is a transactional account linked to your home loan. The balance held in this account offsets the balance in the home loan, helping to reduce the interest paid and overall term of the loan. For example if your home loan balance is $250,000 and you have $10,000 in your offset account, you will only be charged interest on a $240,000 loan.