mortgage broking in Pascoe Vale

Nothing on a residential loan. The lender pays our commission at settlement and it is not added to your rate or your balance. That includes refinances, equity releases and construction lending, and it includes the work of asking your existing lender to reprice your loan, which we do before proposing any switch and which costs you nothing whether it succeeds or not. Fees apply only to commercial and complex business facilities, agreed in writing beforehand.

Start 60 to 90 days out, not after the expiry date. When a fixed period ends, most loans revert automatically to that lender's standard variable rate, which is commonly well above what the same lender offers new customers, and the switch usually happens without a phone call. Starting early leaves time to request a repricing from your existing lender, to get a valuation done if your property has moved in value, and to complete a [refinance](/refinancing) before the reversion takes effect if the numbers justify moving. Breaking a fixed loan before expiry is a different matter entirely and can carry substantial break costs, so we always obtain that figure from your lender first.

The scale of the work decides the product. For a renovation without major structural change, generally under about $150,000, an equity release against your existing home is usually the simplest route: the lender revalues the property, releases the equity available above the 80 per cent mark as a lump sum, and you engage the builder directly. For a large extension or a rebuild requiring council approval and a fixed-price building contract, a [construction loan](/construction-loans) with progressive drawdowns is correct, and funds release in stages as work is completed. The equity release is faster and simpler; the construction loan funds a much bigger project. We model both against what you are planning.

It changes them once you actually intend to develop, though not for a standard purchase or refinance. A lender assessing a subdivision or dual-occupancy project treats it as development rather than home lending, which brings different loan-to-value ratios, a requirement for permits before funds advance, and an assessment based on the completed end value rather than the current one. Some lenders will fund a small two-dwelling project on residential terms while others push it to commercial terms, and the difference in cost is significant. Get the planning position clear first, because the finance conversation follows the permit rather than the other way around.

All of them, along with Pascoe Vale South, Hadfield and Fawkner. These suburbs run along the same Craigieburn line corridor and share Pascoe Vale's housing character closely, with post-war and 1960s homes on comparable blocks and a similar owner profile. Strathmore to the west steps up in price and holds more period stock, and Coburg North to the east shifts toward older interwar housing. Call 0468 841 850 with the address and we will confirm what applies.

By running the full comparison rather than looking at the rate. We start by asking your existing lender to reprice, which is free and works often enough to be worth trying every time, and if that resolves it there is nothing further to do. If a switch is warranted, the comparison includes every cost: a discharge fee commonly around $300 to $400, Victorian mortgage discharge and registration fees of roughly $100 to $200 each, the incoming lender's application or settlement fee of anywhere from nil to around $800, and any break cost on a fixed loan quoted by your lender. On a small remaining balance or an already competitive rate, the honest answer is often that moving is not worth it, and we will say so.