Frequently Asked Questions

A mortgage broker acts as the middleman between you and lenders, helping you find the best home loan options based on your financial situation. At Looped Group, we compare multiple lenders, negotiate rates, and guide you through the entire process to make securing finance simple and stress-free.

Banks offer only their own loan products, while a broker has access to a range of lenders and loan options. This means we can compare different interest rates, loan structures, and repayment options to find a solution that suits your needs—saving you time, money, and hassle.

At Looped Group, our services are free for borrowers because we’re paid a commission by the lender when your loan is approved. There are no hidden fees or obligations, and we’re committed to providing transparent advice that’s in your best interest.

Absolutely! We specialise in helping first-home buyers navigate government grants, First Home Owner incentives, and deposit schemes. We’ll guide you through eligibility requirements and ensure you maximise your benefits.

A variable rate fluctuates with the market, meaning your repayments can change over time. A fixed rate locks in your interest rate for a set period, giving you repayment stability. We’ll help you decide which option best fits your financial goals.

Generally, a 20% deposit is recommended to avoid Lenders Mortgage Insurance (LMI), but many lenders accept as little as 5% with certain conditions. We can assess your options and help you secure a competitive home loan, even with a lower deposit.

Yes! Refinancing can help you secure a better interest rate, lower repayments, or access equity in your home. It’s worth reviewing your mortgage regularly, especially when rates change or your financial situation evolves. We’ll assess whether refinancing is the right move for you.

Yes, we work with a range of lenders who offer tailored solutions for self-employed borrowers. Whether you’re a sole trader or running a business, we’ll help you secure finance with loan structures suited to your income and tax setup.

An offset account is a transaction account linked to your home loan. The balance in this account offsets your loan principal, reducing the interest you pay. This can be a great way to save money and reduce your loan term.

Getting started is easy! Simply reach out to us for a free consultation. We’ll assess your financial situation, explore your loan options, and guide you through the application process to ensure a smooth experience. Learn more about our process here.