Frequently Asked Questions (FAQ)
Below you’ll find quick answers to the questions we’re asked most about home loans, first-home-buyer finance, equipment and business funding across Albury-Wodonga. For tailored advice, simply reach out and one of our local brokers will be happy to help.
General Broking Questions
Do I have to commit to a loan if MAKE Finance secures pre-approval?
No—pre-approval gives you an indication of your borrowing power without obligation.
How are MAKE Finance brokers paid?
In most cases the lender pays us a commission, so our service is free to you. For certain commercial or complex scenarios, we’ll disclose and agree an advice fee upfront.
Why choose a broker instead of going direct to a bank?
Unlike a single bank that can only offer its own products, we compare multiple lenders to find the best loan for your needs—potentially saving you money on interest and fees. We take care of the entire process for you, including paperwork, valuations, and follow-ups.
Are interest rates higher when using a broker?
No – lenders set the same retail rates whether you approach them directly or through us. In fact, brokers often negotiate lower interest rates that aren’t publicly advertised.
How do I get started with MAKE Finance Group?
Call (02) 6021 6600, book a meeting online, or drop into our Olive Street office. Bring an outline of what you’d like to achieve, and we’ll guide you through the next steps.
Home Loans & First-Home Buyers
How does MAKE Finance Group help first-home buyers in Albury-Wodonga?
We guide you through the eligibility for the Government schemes available for First Home Owner buyers, compare multiple lenders, and find the loan that suits you. Our local insights mean we understand property values on both sides of the border.
What documents do I need for a home-loan application?
Generally you’ll need Identification Documents, proof of your income, such as payslips or tax returns, and bank statements for any accounts or loans you have.
Fixed, variable or split loan – which is better?
It depends on the rate outlook, your preferences, and whether you plan to make extra repayments. We can show you each option so you can see what suits you best.
Can MAKE Finance Group assist with refinancing my existing home loan?
Yes, we regularly help clients refinance their home loans to secure lower interest rates, better loan features, or access equity. We’ll assess your current loan and advise if refinancing makes financial sense.
What is lenders mortgage insurance (LMI), and can I avoid it?
LMI is an insurance policy that protects lenders when borrowers have deposits less than 20%. We can help explore options like guarantor loans, larger deposits or eligibility for Government Schemes to potentially avoid LMI costs.
Equipment & Asset Finance
What types of equipment can MAKE Finance arrange finance for?
Anything from trucks and earth-moving machinery to office fit-outs, medical devices and IT systems. If it helps your business operate or grow, chances are we can finance it.
How quickly can I get equipment finance approved?
For straightforward “low-doc” deals under $150K, approvals can be as fast as same-day. More complex, fleets or specialised plant, typically take 2–5 business days.
Do I need to provide property as security?
Generally no. Most lenders will secure against the asset itself.
Is equipment finance available for used machinery or vehicles?
Yes, finance is available for both new and used equipment. Terms vary based on asset age, condition, and expected lifespan, and we’ll source lenders specialising in used equipment finance.
Can MAKE Finance arrange finance for renewable energy assets?
Yes. We arrange finance for solar systems, battery storage, electric vehicles, and other sustainable energy solutions, helping your business save money while reducing its carbon footprint.
Business & Commercial Funding
What business-finance products do you offer?
Term loans, overdrafts, debtor finance, trade finance, commercial property loans and self managed super fund lending. We tailor structures to your cash-flow and tax goals.
Can you help start-ups with limited trading history?
Yes – we work with lenders who consider future contracts, projections, or director asset-backing rather than purely historical financials.
How do you improve my chances of approval?
We package your application professionally, highlight strong cash-flow trends, and position your proposal to each lender’s credit policy, reducing the back-and-forth that causes delays.
Do you offer finance solutions for purchasing commercial property?
Yes, we secure funding for owner-occupied or investment commercial properties. We can negotiate terms that align with your business goals, such as longer repayment terms or interest-only periods.
Can MAKE Finance assist in debt consolidation for my business?
Certainly. Consolidating multiple business debts into one structured facility can simplify repayments and potentially reduce interest costs. We’ll negotiate suitable consolidation options on your behalf.
