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# MJ Financial Chiefs

Mortgage Broking & Financial Planning

## Sitemaps

- [XML Sitemap](https://mjfc.com.au/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [Let’s buy a home together.](https://mjfc.com.au/2018/07/21/lets-buy-a-home-together/) - Buying a home is one of the biggest things you’ll do in life. We’re here to help you by making sure you have the info and options you need to find the finance solution you’re looking for (for the house you want).
- [5 Tips For Young People Entering The Housing Market](https://mjfc.com.au/2018/08/30/5-tips-for-young-people-entering-the-housing-market/) - This article contains my top 5 tips for fellow Gen Yers entering the housing market:
- [Reasons You Should Consider Income Protection](https://mjfc.com.au/2018/12/07/reasons-you-should-consider-income-protection/) - Income protection insurance can help provide a cash flow when you’re unable to work because of illness or injury. It can feel like having a safety net designed to protect the lifestyle you and your family work hard to create.
- [Mortgage Brokers – What Do We Do & How Can You Benefit From Us?](https://mjfc.com.au/2018/12/13/mortgage-brokers-what-do-we-do-how-can-you-benefit-from-us/) - The primary role of a mortgage broker is to find a loan that is appropriate for your needs. Once they have recommended a loan, the next part of their role is to guide you through the application, approval and settlement process.
- [Want To Know More About The Loan Process?](https://mjfc.com.au/2019/02/06/want-to-know-more-about-the-loan-process/) - Sometimes the best way to get an understanding of home loans, how it all works and how to choose the right one, is to speak to a broker.
- [A new home or a new loan. Which is easier to find?](https://mjfc.com.au/2019/03/21/a-new-home-or-a-new-loan-which-is-easier-to-find/) - As a broker, our job is to help you find one loan out of the hundreds available that suits your individual needs. What’s more, we’ll help manage the whole process for you. We’ll assist you with the paperwork and manage the application process right through to approval.
- [Goal Setting](https://mjfc.com.au/2019/12/15/goal-setting/) - If we were to ask you what your goals are for this year, or the next three years, or the next ten years, what would you say?
- [Movember Update](https://mjfc.com.au/2019/12/15/movember-update/) - As Movember comes to an end The Chiefs have managed to help raise some SERIOUS money with our team Securinvest raising a total of $1,320 so far.
- [Government Assistance for Businesses & Households](https://mjfc.com.au/2020/03/24/government-assistance-for-businesses-households/) - Over the weekend, the Australian Government announced its economic support package to help Australians who are under financial stress as a result of the Coronavirus.
- [Guarantor Home Loan](https://mjfc.com.au/2022/05/16/guarantor-home-loan/) - A guarantor home loan is a potential strategy for new home buyers (not just first homeowners) which reduces the upfront financial strain of purchasing property and can reduce the monthly repayments of borrowers.
- [In's & Out's of Lenders Mortgage Insurance](https://mjfc.com.au/2022/05/24/ins-outs-of-lenders-mortgage-insurance/) - Looking to buy around Melbourne or anywhere in Australia? Then this is a must read, learn about Lenders Mortgage Insurance, what it is and how you can avoid it. From your trusted mortgage brokers.
- [Stamp Duty Exemption](https://mjfc.com.au/2022/06/08/stamp-duty-exemption/) - Stamp Duty (Land Transfer Duty) is a tax charged by the state government upon the purchase of property. The amount charged to the buyer depends on the contract price.
- [Strategies to combat rising interest rates](https://mjfc.com.au/2022/06/15/strategies-to-combat-rising-interest-rates/) - Soaring house prices over 2021 have reduced housing affordability for many homebuyers, especially younger first-home buyers. Saving up a 20% deposit is difficult at current prices, causing many to purchase property with a low deposit, leading to a downward spiral as the lenders charge LMI fees, further increasing the cost of purchasing.
- [Minimising Interest – Offset and Redraw Facilities](https://mjfc.com.au/2022/06/17/minimising-interest-offset-and-redraw-facilities/) - We as homebuyers who have relied upon mortgages to help purchase property are always looking for ways to minimise our monthly repayments. The common strategy is refinancing to cheaper loans, however lesser known options are to utilise offset accounts and redraw facilities which can either fully remove, or minimise the interest charged to borrowers.
- [FINANCIAL YEAR 2023 - 40,000 NEW PLACES RELEASED UNDER THE HOME GUARANTEE SCHEME](https://mjfc.com.au/2022/07/04/financial-year-2023-40000-new-places-released-under-the-home-guarantee-scheme/) - The new financial year as of July 1 2023 brings in new opportunities for first home owners to enter the property market using government schemes that reduces the required deposit, while removing costly upfront fees.
- [CONVEYANCERS – THE HIDDEN GEMS OF PROPERTY TRANSFERS](https://mjfc.com.au/2022/07/15/conveyancers-the-hidden-gems-of-property-transfers/) - The services conveyancers provide is quite broad and spans from pre-purchase all the way through to settlement when the buyer pays the remaining balance and becomes the new property owner.
- [$1,000 Gift Card Referral Competition](https://mjfc.com.au/2022/07/21/1000-gift-card-referral-competition/) - Every 3 months, the Chiefs will be giving away $1,000 in gift cards to a lucky winner who has referred us on to their friends and family.
- [Mortgage Refinancing - The Saviour of Borrowers in 2022](https://mjfc.com.au/2022/08/15/mortgage-refinancing-rates/) - At MJFC, we offer competitive mortgage refinancing rates to help you save money on your home loan. Contact us today to learn more about our refinancing options.
- [Credit Scores - How Financial Behaviour Impacts Your Borrowing Capacity](https://mjfc.com.au/2022/08/25/credit-scores-how-financial-behaviour-impacts-your-borrowing-capacity/) - Credit Scores - They're the hidden numbers that constantly track our credit card behaviour, bank account balances, and loan repayments. These scores can go unnoticed for years until they are really required.
- [Extra Mortgage Repayments - Banks Don't Want Borrowers To Know This!](https://mjfc.com.au/2022/09/20/extra-mortgage-repayments-banks-dont-want-borrowers-to-know-this/) - As borrowers, we should know all the strategies to save as much money as possible over the loan term. If you have the spare funds, making extra repayments can save a significant amount of money over the loan term.
- [Home Equity - Impacting the Cost and Refinancing of Mortgages](https://mjfc.com.au/2022/10/27/home-equity-impacting-the-cost-and-refinancing-of-mortgages/) - When talking about property, Equity refers to the amount of the property value that is owned by the home-owner. When purchasing property, equity is initially dependent on how much of your own cash you use and is then over time is affected by changes in the property value.
- [Introduction To Interest Rates & Ways To Reduce Interest Expenses](https://mjfc.com.au/2022/11/23/introduction-to-interest-rates-ways-to-reduce-interest-expenses/) - Regarding home loans, interest is basically the cost of money charged to the borrower (homebuyer) in order to compensate the lender. An interest rate is applied to the loan amount which produces a dollar amount of interest that is charged to the borrower. As such, loan repayments made by the borrower will cover the interest charged during the period and a portion of the actual loan amount (principal).
- [The Big Decision - Variable v Fixed Interest Home Loans](https://mjfc.com.au/2022/12/06/the-big-decision-variable-v-fixed-interest-home-loans/) - When assisting our clients through the process of purchasing a home, a question we often receive is; "Should we fix our interest rate or go for a variable rate?" Although there is never a clear winner between variable and fixed, the correct decision is always determined by the client's situation and requirements, as well as the current and expected economic environment.
- [$1,114 Increase In Monthly Loan Repayments in 2023 For Fixed-Rate Borrowers](https://mjfc.com.au/2023/02/02/1114-increase-in-monthly-loan-repayments-in-2023/) - The RBA is expecting over 800,000 households to experience a massive increase in loan repayments as there fixed-rate mortgages expire in 2023. On average, loan repayments will increase by $1,114 per month as the interest rate moves from 2% to 5.25%. To minimise the rising cost of interest, homeowners will need to refinance their home loans before increasing rates make them 'mortgage prisoners'.
- [LVR - Impacting Home Loan Interest Rates & Fees](https://mjfc.com.au/2023/03/17/lvr-impacting-home-loan-interest-rates-fees/) - The Loan to Value Ratio (LVR) shows how much a property is being bought with debt (bank loan) compared to cash. Homebuyers should understanding this ratio as it determines how much interest and fees borrowers will pay. Click here to learn about interest. The Loan to Value Ratio (LVR) shows how much a property is being bought with debt (bank loan) compared to cash. Homebuyers should understanding this ratio as it determines how much interest and fees borrowers will pay. Click here to learn about interest.
- [The RBA Explained](https://mjfc.com.au/2023/04/17/the-rba-explained/) - We've all been hearing about the 'RBA' in the news, but what is it? and why does it impact how much homeowners pay on their mortgage?
- [<strong>The Vital Connection Between Life and TPD Insurance and Your Mortgage</strong>](https://mjfc.com.au/2023/10/10/the-vital-connection-between-life-and-tpd-insurance-and-your-mortgage/) - Safeguard your mortgage with Life & TPD Insurance, enjoy tax benefits, and explore superannuation funding for lasting financial security and peace of mind.
- [Mortgage Brokers - How We Help You](https://mjfc.com.au/2023/12/05/mortgage-brokers-how-we-help-you/) - Mortgage Brokers connect people who are looking to borrow money to purchase property or refinance and existing loan, with a bank that is best for them. Simply, brokers provide value to clients by saving them time, money and stress.
- [2025 Federal Budget](https://mjfc.com.au/2025/03/26/2025-federal-budget/) - The 2025-26 Federal Budget was handed down on Tuesday, 25 March 2025. As expected, there were few surprises with Labor's fourth Budget focused on measures aimed at easing cost of living pressures.
- [2024 Broker Conference Recap](https://mjfc.com.au/2024/12/10/2024-broker-conference-recap/) - Chiefs on tour! In November 2024, the MJ Financial Chiefs flew up to Gold Coast to attend AFG's Broker Conference which included two days of keynote speakers, industry updates, workshops and networking events. We're pleased to be able to provide a recap of the Chief's experience at the Gold Coast, which is much more humid than Melbourne! Chiefs on tour! In November 2024, the MJ Financial Chiefs flew up to Gold Coast to attend AFG's Broker Conference which included two days of keynote speakers, industry updates, workshops and networking events. We're pleased to be able to provide a recap of the Chief's experience at the Gold Coast, which is much more humid than Melbourne!

## Pages

- [Mortgage Broker & Financial Planning Advice in Melbourne](https://mjfc.com.au/) - Mortgage brokers and financial planners in Narre Warren, helping clients across Melbourne and surrounding suburbs with home loans, investments retirement and long-term financial goals.
- [Mortgage Broker in Botanic Ridge](https://mjfc.com.au/expert-local-mortgage-brokers/mortgage-broker-in-botanic-ridge/) - Local mortgage brokers helping Botanic Ridge home buyers, refinancers and investors with home loans, borrowing options and personalised guidance.
- [Mortgage Broker in Clyde North](https://mjfc.com.au/expert-local-mortgage-brokers/mortgage-broker-in-clyde-north/) - Looking for a mortgage broker in Clyde North or surrounding suburbs? Get expert help with home loans, refinancing and property investment finance.
- [Financial Planner in Berwick](https://mjfc.com.au/local-financial-planners/financial-planner-in-berwick/) - Looking for a financial planner in Berwick? MJ Financial Chiefs provides personalised financial advice to help you build wealth, protect your future and plan for retirement.
- [Financial Planning](https://mjfc.com.au/financial-planning/) - Professional financial planning and advice to help you grow wealth, manage risk and plan for retirement with confidence.
- [Home Loans for Teachers](https://mjfc.com.au/mortgage-broking/teacher-home-loans/) - Helping Australian teachers get into their dream home sooner. Expert mortgage advice, exclusive benefits & tailored home loan options for teachers & educators.
- [SMSF Commercial Property Loans](https://mjfc.com.au/mortgage-broking/smsf-commercial-property-loans/) - Purchase commercial property through your SMSF with specialist lending guidance. Learn about LRBAs, borrowing capacity, deposits, refinancing and requirements.
- [First Home Buyers](https://mjfc.com.au/mortgage-broking/first-home-buyer-home-loans/) - Navigate your first home purchase with confidence. Explore grants, deposits, borrowing power and home loan options with support from experienced mortgage brokers.
- [Personal Insurance](https://mjfc.com.au/financial-planning/personal-insurance/) - Protect your family and income with the right insurance strategy including life, TPD, trauma and income protection.
- [Investing and Wealth Creation](https://mjfc.com.au/financial-planning/investing-and-wealth-creation/) - Personalised investment advice to help grow and protect your wealth with strategies tailored to your goals.
- [Mortgage Broking](https://mjfc.com.au/mortgage-broking/) - Clear, structured expert mortgage advice to help you buy, refinance or invest in property. Access competitive lenders and personalised guidance every step.
- [Local Financial Planners](https://mjfc.com.au/local-financial-planners/)
- [Car & Asset Finance](https://mjfc.com.au/mortgage-broking/car-asset-finance/) - Need a new car or business equipment? MJ Financial Chiefs offers fast, flexible car and asset finance options tailored to your needs and budget.
- [About Us](https://mjfc.com.au/about-us/) - Learn about our Melbourne mortgage broking and financial planning team and how we help clients buy property, refinance and build long-term wealth.
- [Mortgage Broker in Warragul](https://mjfc.com.au/expert-local-mortgage-brokers/mortgage-broker-in-warragul/) - Expert mortgage broker helping Warragul clients secure home loans, refinance and finance investment properties with tailored advice.
- [Mortgage Broker in Pakenham](https://mjfc.com.au/expert-local-mortgage-brokers/mortgage-broker-in-pakenham/) - Looking for a mortgage broker in Pakenham and surrounds? Get expert help with home loans, refinancing and property investment finance.
- [Mortgage Broker in Officer](https://mjfc.com.au/expert-local-mortgage-brokers/mortgage-broker-in-officer/) - Looking for a mortgage broker in Officer and surrounding suburbs? Get expert help with home loans, refinancing and property investment finance.
- [Mortgage Broker in Narre Warren](https://mjfc.com.au/expert-local-mortgage-brokers/mortgage-broker-in-narre-warren/) - Narre Warren mortgage brokers helping you buy property, refinance or invest with expert home loan advice and access to leading lenders.
- [Mortgage Broker in Hampton Park](https://mjfc.com.au/expert-local-mortgage-brokers/mortgage-broker-in-hampton-park/) - Looking for a mortgage broker in Hampton Park and surrounding suburbs? Get expert help with home loans, refinancing and property investment finance.
- [Mortgage Broker in Hallam](https://mjfc.com.au/expert-local-mortgage-brokers/mortgage-broker-in-hallam/) - Looking for a mortgage broker in Hallam or South-Eastern Melbourne? Get expert help with home loans, refinancing and property investment finance.
- [Mortgage Broker in Drouin](https://mjfc.com.au/expert-local-mortgage-brokers/mortgage-broker-in-drouin/) - Trusted mortgage broker helping Drouin clients compare lenders, secure home loans and refinance with personalised advice.
- [Mortgage Broker in Cranbourne](https://mjfc.com.au/expert-local-mortgage-brokers/mortgage-broker-in-cranbourne/) - Local mortgage broker helping Cranbourne clients secure home loans, refinance and buy property with expert guidance and access to competitive lenders.
- [Mortgage Broker in Berwick](https://mjfc.com.au/expert-local-mortgage-brokers/mortgage-broker-in-berwick/) - Looking for a mortgage broker in Berwick and surrounding suburbs? Get expert help with home loans, refinancing and property investment finance.
- [Mortgage Broker in Beaconsfield](https://mjfc.com.au/expert-local-mortgage-brokers/mortgage-broker-in-beaconsfield/) - Looking for a mortgage broker in Beaconsfield or surrounding suburbs? Get expert help with home loans, refinancing and property investment finance.
- [Self-Employed Home Loans](https://mjfc.com.au/mortgage-broking/self-employed-home-loans/) - Self-employed and need a home loan? Specialist advice to navigate lender requirements and secure finance.
- [Client Success Stories](https://mjfc.com.au/success-stories/) - Read real client success stories and reviews from people we’ve helped with home loans, refinancing and financial planning in Melbourne.
- [Contact Us](https://mjfc.com.au/contact-us/) - Contact our Melbourne mortgage broking and financial planning team for expert advice on home loans, refinancing, retirement and building wealth.
- [Purchasing Power Calculator](https://mjfc.com.au/home-loan-calculators/purchasing-power-calculator/) - Estimate the property price you could afford based on income, deposit and loan repayments using our home buying purchasing power calculator.
- [Borrowing Capacity Calculator](https://mjfc.com.au/home-loan-calculators/borrowing-capacity-calculator/) - Estimate how much you could borrow for a home loan based on income, expenses and interest rates using our borrowing power calculator.
- [Stamp Duty Calculator](https://mjfc.com.au/home-loan-calculators/stamp-duty-calculator/) - Estimate stamp duty and other purchase costs when buying property using our simple calculator.
- [Refinance Feasibility Calculator](https://mjfc.com.au/home-loan-calculators/refinance-feasibility-calculator/) - Compare your current home loan with a new rate and estimate how much you could save by refinancing.
- [Loan Repayment Calculator](https://mjfc.com.au/home-loan-calculators/loan-repayment-calculator/) - Calculate your home loan repayments and see how interest rates, loan terms and extra payments affect your mortgage.
- [Home Loan Calculators](https://mjfc.com.au/home-loan-calculators/) - Explore our free mortgage calculators to estimate borrowing power, repayments, stamp duty, refinancing savings & more. Plan your home loan with confidence.
- [Superannuation Advice](https://mjfc.com.au/financial-planning/superannuation-advice/) - Make the most of your super with expert financial advice, contribution strategies and long-term planning.
- [Retirement Advice](https://mjfc.com.au/financial-planning/retirement-advice/) - Plan for a comfortable retirement with expert financial advice, superannuation strategies and income planning.
- [Pre-Approval](https://mjfc.com.au/mortgage-broking/home-loan-pre-approval/) - Secure mortgage pre-approval and understand your borrowing power before house hunting. Expert broker advice to help you buy with confidence.
- [Refinancing Your Home Loan](https://mjfc.com.au/mortgage-broking/refinance-home-loan/) - Refinance your home loan to reduce repayments, access equity or improve features. Expert mortgage advice to find better options.
- [Investing in Property](https://mjfc.com.au/mortgage-broking/investing-in-property/) - Finance your next investment property with the right loan structure. Compare lenders and maximise your borrowing strategy.
- [Guarantor Loans](https://mjfc.com.au/mortgage-broking/guarantor-loans/) - Use a family guarantor to buy a home sooner with a smaller deposit. Expert advice to structure guarantor loans safely.
- [Ending Fixed Term](https://mjfc.com.au/mortgage-broking/ending-fixed-term/) - Is your fixed rate home loan ending? Learn the pros, cons and how to choose the right option for your situation.
- [Buying a Home](https://mjfc.com.au/mortgage-broking/buying-a-home/) - Get the right home loan when buying an established property. Expert mortgage advice to compare lenders and secure the best option.
- [Building a New Home](https://mjfc.com.au/mortgage-broking/building-a-new-home/) - Building a new home? Get help structuring a construction loan and managing progress payments with expert mortgage guidance.

## Success Stories

- [Luke & Alana - A New Family Home](https://mjfc.com.au/success-story/luke-alana-a-new-family-home/) - It's always great when you get to help friends achieve a big life goal. We've known Luke for years, so it was a privilege to help him and Alana upgrade into a new home for their family. With Luke recently making the move to full-time self-employment, there were a few extra challenges to work through.
- [Jason & Gaby - Refinance, Super & Insurance](https://mjfc.com.au/success-story/jason-gaby-refinance-debt-consolidation-super-insurance/) - It was a balmy summers evening when Jason and Gaby first contacted us. With a home loan interest rate of 4.26% and some other debt that had been structured poorly with high interest rates, their cashflow was taking a hit. When speaking about their values, it was clear that family was important to them. They
- [Adrian - Income Protection & Superannuation](https://mjfc.com.au/success-story/adrian-income-protection-superannuation/) - Adrian is a mechanic and has been wondering how he would be able to pay his bills if he was out of work for a period of time. Adrian had done some surfing on the internet investigating different income protection options; however, he was unsure on all the specific features he required. We discussed with
- [Alana - Debt Consolidation & Refinance](https://mjfc.com.au/success-story/alana-debt-consolidation-refinance/) - Alana reached out to us late in 2018 to discuss her cashflow as she is a business owner and also has her own family. She discussed how a lot of her time was spent taking classes at the gym which is her passion and that managing the business finances was becoming too time consuming. When
- [Laxmi - First Home Buyer](https://mjfc.com.au/success-story/laxmi-first-home-buyer/) - Laxmi found our details through a Facebook advertisement where she noticed we were offering a first home buyers program. She left her contact details and from there we were able to meet up and begin helping Laxmi on her home buying journey. We are absolutely delighted to have been apart of her home buying milestone!
- [Adam - First Home Buyer](https://mjfc.com.au/success-story/adam-first-home-buyer/) - Adam came to us earlier this year expressing interest in buying his first home. He initially wanted to know how much he could spend, what concessions or grants he was eligible to receive as a first home buyer and what it meant to have guarantors on a loan and if it was appropriate for him.
- [Matt - Super and Personal Insurance Check](https://mjfc.com.au/success-story/matt-super-and-personal-insurance-check/) - Tooradin Dalmore Football Captain Matt L is one of the newest members of the MJ Financial Chiefs community. Matt came to us as he wanted to review his current superannuation and insurance position to make sure it was appropriate for his current needs. Matt did not have an ongoing relationship with his current adviser; however,
- [Jock - Refinances Home Loan & Reduce Interest Rate](https://mjfc.com.au/success-story/jock-refinances-home-loan-reduce-interest-rate/) - Jock approached us regarding his existing home loan as he had been with his current bank for 4 years and was not happy that they were consistently raising the interest rate on him to a point where it was above 5.00% p.a.This was affecting his cash flow as his minimum repayments were increasing and the
- [Chase - Income Protection](https://mjfc.com.au/success-story/chase-income-protection/) - Chase and the family came to us worried about how they would pay their bills if Chase were unable to work. Chase plays football and wanted to ensure his income was protected if he were to become injured during football or during everyday life. Chase now has peace of mind through an income protection policy
- [Nathan - First Investment Property Purchase](https://mjfc.com.au/success-story/nathan-first-investment-property-purchase/) - Congratulations on a massive May for Nathan! He has not only purchased his first investment property, but he has also completely transformed the place inside and out. Check out the pictures below showing what he has done to this place in a matter of weeks adding instant value to his property. If you need any
- [Ben & Emily – Super / Personal Insurance Review](https://mjfc.com.au/success-story/ben-emily-super-personal-insurance-review/) - The Chief community grows by 4 as we welcome the Shipperd’s to the MJ Financial Chief family. Ben & Emily came to us after having their second child to review their current Life, TPD and Income Protection insurance policies now that their situation has changed. Ben had last reviewed his policy 3 years ago and
- [Scott, Kami & Jet - Refinance To Reduce Interest Rates](https://mjfc.com.au/success-story/scott-kami-jet-refinance-to-reduce-interest-rates/) - Scott, Kami and their dog Jet were MJ Financial Chiefs first client. With an interest rate of 4.89% they approached us looking to see if they could reduce their rate as they heard current rates available were under 4.00%. After exploring the market and the different bank institutions, we were able to find a bank
- [Evan & Olivia – Purchase New Home](https://mjfc.com.au/success-story/evan-olivia-purchase-new-home/) - We were talking to Evan and Olivia for close to a year before they found the place, they now call home. Their situation had a few complications, we were initially finding a lender that considered common debt reduction but due to a change in circumstance and new jobs we had to find a lender who
- [Nic - Super and Personal Insurance Review](https://mjfc.com.au/success-story/nic-super-and-personal-insurance-review/) - Nic Jansen has become another of our valued members of the MJ Financial Chiefs community. Nic came to us to see if we could review his current Life, TPD and Income Protection insurance policies to make sure they were appropriate for his current needs and he wasn’t paying too much as the current policies were implemented
- [Nathan – Purchases New Work Car](https://mjfc.com.au/success-story/nathan-purchases-new-work-car/) - After helping Nathan last year purchase his first investment property, he has now seen his business Carruthers Brothers Carpentry continue to grow and required an upgrade to his work car. We have helped Nathan with getting the finance for his new LDV and look forward to continuing to work with him as grows his business and personal
- [Luke - Excavator Finance](https://mjfc.com.au/success-story/luke-excavator-finance/) - Sole Trader Luke contacted us as he has been running his own plumbing business for a while now and he was finding that constantly hiring an excavator was impacting on his overall profits. He had put together cash flow projections that showed how a new excavator would help his cash flow and how this would
- [James & Kara - Insurance & Financial Review](https://mjfc.com.au/success-story/james-kara-insurance-financial-review/) - Another Tooradin family take steps to join the MJ Financial Chiefs clan. The Wheelers are expecting their 3rd child in the coming months and with the current environment thought it might be a good time to review their existing insurances and ensure their super beneficiaries and details are up to date and appropriate for them.
- [Brady – Income Protection](https://mjfc.com.au/success-story/brady-income-protection/) - Tooradin Dalmore Football Clubs new recruit Brady Egan has joined the MJ Financial Chiefs community. The fast-paced endurance runner has made the sensible decision to look after himself and partner financially in an event he is unable to work due to injury or illness. We have been able to structure Brady’s insurance so that in the event
- [Kates' First Home](https://mjfc.com.au/success-story/kates-first-home/) - Kate came to us late last year when she felt she was ready to buy her first home. She wanted to know how much she would be able to borrow and what the estimated repayments would be.We ran through a couple of scenarios with her and what deposit would be required for each scenario. Kate
- [Megan & Marty - Purchase New Home](https://mjfc.com.au/success-story/megan-marty-purchase-new-home/) - Matt and Megan decided they were due for an upgrade in their living situation and had decided to purchase a new home. They contacted us wanting to know what offer they could make for this house and how much they were able to borrow. Their situation had a few different parts for us to look
- [Phil & Jen - Refinance & Consolidate Debt](https://mjfc.com.au/success-story/phil-jen-refinance-consolidate-debt/) - Phil and Jen have been big advocates for the Chiefs since day dot. They contacted us with an idea to consolidate debt to increase cashflow in these tough times. Being in their 60’s they were unsure how they would go about refinancing as some banks require some intense exit strategies. With the current low rates,
- [Tim & Paige - First Home Buyers](https://mjfc.com.au/success-story/tim-paige-first-home-buyers/) - Tim and Paige came to us when they had tried for an approval directly through a bank branch but were not happy with the service for a few reasons including they were making them pay LMI. Being first home buyers, we explained to Tim and Paige the First Home Loan Deposit Scheme (FHLDS) and how
- [Sami – Buys Her First Home](https://mjfc.com.au/success-story/sami-buys-her-first-home/) - First Home Buyer Sami came to us after getting a pre-approval through a bank branch. She wanted to know if there was another option available for her that would let her borrow more. Being a first home buyer, she was eligible for the First Home Loan Deposit Scheme (FHLDS) which meant she only needed a
- [Mark & Kaye - Planning Retirement](https://mjfc.com.au/success-story/mark-kaye-planning-retirement/) - Mark and Kaye, our amazing neighbours are now settled into retirement but that is not always a seamless transition. Over the last year there have been some big changes to their situation which has meant they have had to reassess their retirement plan. From planning their retirement to updating income and assets with Centrelink, we
- [Mick & Mariah - Are Moving To The Beach](https://mjfc.com.au/success-story/mick-mariah-are-moving-to-the-beach/) - After months of searching far and wide Mick and Mariah took a leap and bought some land close to the sea, where they plan to build their forever home! We have been working with the couple for several months while they were searching for the perfect spot to live out the next stages of their
- [Nick & Courtney – New Home with a side of Super and Insurance Review](https://mjfc.com.au/success-story/nick-courtney-new-home-with-a-side-of-super-and-insurance-review/) - Nick and Courtney approached the Chiefs back in 2020 in preparation for their move to Tooradin. We were able to make their dreams come true and get the new family of 3 finance to build their dream home by the mangroves. The young family have now moved in and we are absolutely delighted to have
- [Lewy - Builds A House](https://mjfc.com.au/success-story/lewy-builds-a-house/) - Building a house can be stressful, especially when you have never done it before! Lewis first got in contact with us in early July 2019 with the dream to build his first home. It is now May 2021, and he has just moved into the new fortress and we are so proud to have guided
- [Lucas & Jess - First Home Buyers](https://mjfc.com.au/success-story/lucas-jess-first-home-buyers/) - Lucas and Jess came to us for help when buying their first home. Hearing about all these new government grants and concessions that first home buyers are eligible for, they got in contact with us to lock in a spot on some of the schemes. We straight away set about working through their borrowing capacity
- [Jackson & Alex – Build their dream home](https://mjfc.com.au/success-story/jackson-alex-build-their-dream-home/) - We met up with Alex & Jackson in May 2020 as they first embarked on their journey to build their first home. It is now June 2021 and they have just moved into their new place, and we are absolutely stoked that we were able to make another young couples dreams come true! Building can
- [Cam & Lisa - Home Buyers](https://mjfc.com.au/success-story/cam-lisa-home-buyers/) - When we started talking to Cam and Lisa buying a home was not something they had at the front of their mind specifically. They knew it was something for the future but they wanted to talk about structuring their finances, work and business in general and how this would affect their situation if they did
- [Jordyn - Purchases a New Car](https://mjfc.com.au/success-story/jordyn-purchases-a-new-car/) - Jordyn came to us in December last year wanting help to finance her new car purchase. Initially we wanted to get the application organized for Jordyn to pick up the car quite quickly but due to covid impacting car supplies in Australia, this was delayed, and she had to wait patiently… for 6 months for
- [Sam & Tom - First Home Builders](https://mjfc.com.au/success-story/sam-tom-first-home-builders/) - When brothers Tom and Sam came to us, they had already invested in a block of land which was due to title in a few months. They were still in the process of finalising the construction documents but wanted help gaining finance to build their home. After running through their situation, we were able to
- [Jake & Lauren - First Home Buyers](https://mjfc.com.au/success-story/jake-lauren-first-home-buyers/) - Jake and Lauren first contacted us to walk them through the home buying process in 2019. Initially they just wanted us to assess their borrowing capacity so they would know how much they would be able to spend on a home. However, shortly after speaking to us they decided the search for a home was
- [Luke & Steph – Purchase New Car](https://mjfc.com.au/success-story/luke-steph-purchase-new-car/) - Steph and Luke our beloved ongoing clients found a new family car and came to us to help out with the finance. It was a very straight forward process, and we had the approval completed within a few days. We are very excited to see the couple with their new wheels and we will be
- [Josh & Deb - First Home Buyers](https://mjfc.com.au/success-story/josh-deb-first-home-buyers/) - Josh and Deb initially come to us with a clear idea of where they wanted to live but they were unsure if they wanted to build or buy an established home or what exactly they had as a borrowing capacity. We ran through different scenarios with them including eligibility for the First Home Loan Deposit
- [Troy & Delores - First Home Builders](https://mjfc.com.au/success-story/troy-delores-first-home-builders/) - Troy and Delores came to us with the hope of purchasing their first block of land which they would later build on. We worked with them to assess how much they would be able to borrow and what concessions they could receive as First Home Buyers. We were able to communicate with both the real
- [Tim & Paige - Home Buyers](https://mjfc.com.au/success-story/tim-paige-home-buyers/) - Tim and Paige first approached us a couple of years ago when they were buying their first home and we helped them navigate through that process where they maximised their first home buyer concessions. Two years on and with their family growing we are pleased to have helped them upgrade into a new home better
- [Daniel & Aleisha - First Home Builders](https://mjfc.com.au/success-story/daniel-aleisha-first-home-builders/) - Daniel and Aleisha have just settled their new home and we are absolutely wrapped for them. The couple have now commenced the big job of renovating the whole house and we are excited to see some before and after shots once completed. Instead of describing their home loan process in our words, see this review
- [Sarah & Zak - First Home Buyers](https://mjfc.com.au/success-story/sarah-zak-first-home-buyers/) - More first home buyers on the scene! Congratulations Sarah & Zak! Sarah & Zak first approached us in late 2020 with the goal of purchasing their first home and a little over a year later they now have it! By setting goals and working together we managed to pave a pathway for the young couple
- [Brooke - First Home Builder](https://mjfc.com.au/success-story/brooke-first-home-builder/) - Congratulations Brooke on building your first home! What a week it has been for Brooke! A week before Christmas and she has moved into her own home.Brooke contacted MJ Financial Chiefs as she was eager to buy her first home. We were able to assist her in the following areas:• Initial Borrowing Assessment• First Home
- [Michelle & Brad - Family Home Buyers](https://mjfc.com.au/success-story/michelle-brad-family-home-buyers/) - Michelle and Brad contacted us as they wanted to upgrade the home they were living in to better suit their family needs. After assessing their current situation, we worked through a plan to best set them up for the move. This process had a few parts that needed to line up as they had to
- [Ben & Emily – Home Buyers](https://mjfc.com.au/success-story/ben-emily-home-buyers/) - Ben and Emily have been long time financial planning clients of The Chiefs and we are delighted to have now helped them purchase their forever family home. This is a massive achievement for the Shipperd Family to purchase a home in the location that will suit them for work and also be close to some
- [New Home Buyer in the Sunshine State!](https://mjfc.com.au/success-story/new-home-buyer-in-the-sunshine-state/) - Thomas contacted us as he was looking for a new home and wanted to understand his price range and borrowing capacity. Using his salary and financial position, we were able to outline Thomas’s option which gave him clarity when making offers on property. As Thomas was purchasing in Queensland, we helped him source a conveyancer
- [Renee - First Home Buyer](https://mjfc.com.au/success-story/renee-first-home-buyer/) - Renee contacted us as she wanted assistance in buying her first home and wanted to know her borrowing capacity, what deposits would be required for certain purchase prices along with what first home buyer concessions were available. After running through Renee’s options together we were able to complete a pre-approval quite quickly which ensured her
- [Ellie & Billy - First Home Buyers](https://mjfc.com.au/success-story/ellie-billy-first-home-buyers/) - Ellie and Billy approached us in 2022 seeking assistance with purchasing their first home. After understanding their preferences and determining their borrowing capacity, we were able to provide Ellie and Billy with a strategy which involved building up savings for a deposit and begin looking around for potential properties in their price range. Being first
- [Jordan & Ash - New Home Buyers!](https://mjfc.com.au/success-story/jordan-ash-new-home-buyers/) - Jordan and Ash contacted us as they wanted to purchase a home to move into together, they were looking for something with a decent amount of land so they could settle in for a few years. After assessing their situation, we gave them an indication of their borrowing capacity which allowed them to start looking
- [Erin - Refinance Saver](https://mjfc.com.au/success-story/erin-refinance-saver/) - Congratulations Erin on recently refinancing her existing home loan through us which dropped her interest rate by 1%, reducing ongoing loan repayments. Erin further benefited from a large cashback offer which provided a useful cash injection upon settlement. We are glad we could help you save money through this simple process
- [Amy & Jake – Family Home Buyers](https://mjfc.com.au/success-story/amy-jake-family-home-buyers/) - With a toddler starting to run around, Amy and Jake had been researching how their dreams of a family home would come to fruition. After finding a property that was close to family and had renovation potential, Amy and Jake contacted us to better understand their borrowing capacity, deposit requirements as well as loan repayments.
- [Leigh & Maddy Build Their First Home!](https://mjfc.com.au/success-story/leigh-maddy-build-their-first-home/) - Congratulations to Leigh and Maddy who have completed building their first home together. We loved being part of the process and are pleasantly surprised with what Leigh has now done with his garden and lawn. Since completing the build in 2022, we have also helped Maddy and Leigh change their loan structure and complete rate
- [Corie & Danni – Family Home Buyers](https://mjfc.com.au/success-story/corie-danni-family-home-buyers/) - We first helped Corie and Danni build their first home in 2020 where they began a family by welcoming little Tommy and their fur baby Bonnie. Recently, Corie and Danni contacted us to explore their options for purchasing a new home for their family in a different location. During the process of surveying Corie and
- [Jordan & Maddie - First Home Buyers](https://mjfc.com.au/success-story/jordan-maddie-first-home-buyers/) - Congratulations to Jordan and Maddie who have purchased their first home together. We loved guiding them through the process which started with a pre-approval to provide confidence when making offers on properties. Once they made an offer on the right property, we handled the loan application process with the lender through to settlement. We were
- [Megan & Marty – Refinance Savers](https://mjfc.com.au/success-story/megan-marty-refinance-savers/) - Congratulations Megan and Matt who refinanced their existing home loan through us to reduce their interest rate and loan repayments. This will help them pay off their home loan sooner which minimises overall interest expenses. We are glad we could help you keep money in your pocket as spending on Shelby and Levi is much
- [Ryan & Nicola – Investment Property Purchase](https://mjfc.com.au/success-story/ryan-nicola-investment-property-purchase/) - Ryan and Nicola reached out to us in early 2022 as they were interested in growing their property portfolio and earn rental income but were unsure of their price range and borrowing capacity. After completing our assessment process, we were able to give them an indication of how much they could borrow which helped focus
- [Scott & Kami - Family Home Buyers](https://mjfc.com.au/success-story/scott-kami-family-home-buyers/) - Scott and Kami came to us in late 2022 wanting to upsize from their existing home to fit their growing family. We assisted Scott and Kami by calculating their borrowing capacity based on their financial position. By using the expected proceeds from the sale of their previous home, we were able to provide a price
- [Lachlan – Refinance Saver](https://mjfc.com.au/success-story/lachlan-refinance-saver/) - Congratulations Sperlo on recently refinancing his home loan with us to reduce his interest rate, ongoing loan repayments and take advantage of cashback rebates being offered by banks. We are glad we could help keep more money in your pocket (or to spend on Indie) and less going to the bank
- [Hayley & Dean - First Home Buyers](https://mjfc.com.au/success-story/hayley-dean-first-home-buyers/) - Congratulations to Hayley and Dean who have purchased their first home together! They initially came to us wanting to understand their borrowing capacity to gauge their price range. Pleasingly we were able to connect Hayley and Dean with a lender with a low interest rate, offered places on the First Home Guarantee scheme and had
- [Chloe & Chad - First Home Buyers](https://mjfc.com.au/success-story/chloe-chad-first-home-buyers/) - Chloe and Chad originally approached us in 2021 to learn more about the purchasing process and begin their journey to becoming first home buyers. Referring to their position and objectives, we provided Chloe and Chad with a strategy to build up savings for a deposit and start looking for potential properties in their price range.
- [Lauren - First Home Buyer](https://mjfc.com.au/success-story/lauren-first-home-buyer/) - Lauren initially reached out to us in 2020 as she was looking to purchase her first home but was unsure of the process and where to start. Using Lauren’s financial position we calculated her borrowing capacity which helped narrow the property search. As Lauren was looking to purchase a newly built house, we explained that
- [Chloe – Land Purchase For Her First Home](https://mjfc.com.au/success-story/chloe-land-purchase-for-her-first-home/) - Our mortgage broking team was thrilled to help our amazing client Chloe get one step closer to realising her home ownership dreams by recently facilitating the purchase of vacant land. Realising the many complexities of purchasing land our clients face, our team were committed to making the process as smooth as possible for Chloe. We
- [Jonathan - First Home Buyer](https://mjfc.com.au/success-story/jonathan-first-home-buyer/) - We started working with Jono Tennent back in early 2023 as he was ready to pursue his goal of owning a home but was unsure of his price range and had wanted to learn more about the process. Being a first home buyer, we guided Jonathan through the process and explained that he would receive
- [James & Sarah – New Home Buyers](https://mjfc.com.au/success-story/james-sarah-new-home-buyers/) - James and Sarah contacted us earlier this year as they were looking to purchase a home together but were unsure of their borrowing capacity and price range. Understanding the financial position of our clients is the most important step of every success story. After a comprehensive analysis of their finances, we were able to accurately
- [Justin & Emily - First Home Buyers](https://mjfc.com.au/success-story/justin-emily-first-home-buyers/) - Justin and Emily approached us back in mid-October 2023 as they were ready to look to purchase a house together but weren’t sure where to start or how to find a loan that was best suited for them. After conducting our ‘bread-and-butter’ of calculating their borrowing capacity based on income and liabilities, we provided Justin
- [Dom & Bec – Dream Home Builders](https://mjfc.com.au/success-story/dom-bec-dream-home-builders/) - Dominic and Rebecca approached us in late 2022 as they were on the path to becoming homeowners again after renting since early 2020. They had both signed a contract of sale on vacant land which was titling mid-2023 and required assistance with financing to complete the property settlement. After more closely understanding their requirements and
- [Jen & Felix - First Home Buyers](https://mjfc.com.au/success-story/jen-felix-first-home-buyers/) - Back in January of this year, Jen and Felix came to us with a dream of purchasing their first home together. They had worked hard to build up savings for the deposit but were unsure of what their price range was and what bank would be the best option for them. We kicked things off
- [Tristan & Cheryl – Off The Plan Purchase](https://mjfc.com.au/success-story/tristan-cheryl-off-the-plan-purchase/) - Tristan and Cheryl approached us mid-2023 as they had signed a contract for an Off-The-Plan property purchase back in June 2022 and were nearing the settlement date where the remaining price was due. After closely understanding their overall financial situation, we began researching a bank that specialised in Off-The-Plan purchases, offered high-quality self-employed policies, low
- [Richy – First Home Buyer](https://mjfc.com.au/success-story/richy-first-home-buyer/) - Here’s a blast from the past! Richy, an old friend of the Chiefs from back in their uni days, reached out to the Chiefs recently as he had built up savings for a home deposit and was ready to start looking for his first home. Being a specialist in assisting first-home buyers, Justin engaged with
- [Alison and Luke - First Home Buyers](https://mjfc.com.au/success-story/alison-and-luke-first-home-buyers/) - Alison and Luke approached us earlier this year as we had recently assisted Alison’s brother purchase his first home who passed on our details Alison and Luke were ready to seriously look at purchasing a home together. Being new to the property world, unsure of what was required and what their price range was, Michael
- [Mikaela – First Home Buyer](https://mjfc.com.au/success-story/mikaela-first-home-buyer/) - Valued existing client Mikaela reached out to us last July as she was ready to take the exciting step of purchasing her first home. Having previously refinanced her investment property loan with us, Mikaela was already familiar with our process, which allowed us to hit the ground running. On the same day she contacted us,
- [Liam and Kate - First Home Buyers](https://mjfc.com.au/success-story/liam-and-kate-first-home-buyers/) - This success story is a bit closer to home than usual! While the Chiefs were based out of Scoresby, we worked in the same building as Liam, who with partner Kate, were looking to purchase the property they had been renting. Although the landlord had given a price they were looking for, Liam and Kate

## FAQs

- [What’s the difference between financial planning and general financial information?](https://mjfc.com.au/faq-items/whats-the-difference-between-financial-planning-and-general-financial-information/) - General information is broad and educational. Financial planning provides personalised advice, based on your specific circumstances, goals and risk profile — helping you make decisions that are appropriate for you.
- [How long does the advice process usually take?](https://mjfc.com.au/faq-items/how-long-does-the-advice-process-usually-take/) - The timeframe for the financial advice process can vary depending on the complexity of your situation and the type of advice you require. In many cases, the process can take anywhere from a few weeks to a couple of months from the initial consultation through to presenting your personalised advice and implementing it. This includes
- [How is financial advice paid for?](https://mjfc.com.au/faq-items/how-is-financial-advice-paid-for/) - The cost of advice depends on the complexity of your situation and the type of advice provided. All fees and any commissions (where applicable) will be clearly disclosed so you understand exactly what you’re paying for before proceeding.
- [Is the fee one off or ongoing?](https://mjfc.com.au/faq-items/is-the-fee-one-off-or-ongoing/) - Financial advice can have a mix of both one off and ongoing fees depending on the types of advice provided, for a better understanding see our fee table here.
- [How much does financial planning cost?](https://mjfc.com.au/faq-items/how-much-does-this-cost/) - Because Financial Advice is personal and no two situations are the same. Fees vary depending on your goals, financial position and the scope/complexity of advice required. You can see our typical costs for financial advice here.
- [Is my information kept confidential?](https://mjfc.com.au/faq-items/is-my-information-kept-confidential/) - Yes. Financial planners are required to adhere to strict privacy and confidentiality obligations. Your personal and financial information is handled securely and used only for the purpose of providing advice.
- [What information do you need from us and why?](https://mjfc.com.au/faq-items/what-information-do-you-need-from-us-and-why/) - To provide tailored financial advice, we’ll need to understand your current financial position, goals, and personal circumstances. This may include information about your income, expenses, assets, liabilities, superannuation, existing investments, insurance policies, and future objectives. The more complete the information you provide, the better we can assess your situation and develop strategies that are appropriate
- [Do I need a financial plan if I already have a home loan?](https://mjfc.com.au/faq-items/do-i-need-a-financial-plan-if-i-already-have-a-home-loan/) - Yes. A home loan is just one part of your overall financial picture. Financial planning helps ensure your property decisions align with your broader goals, including wealth creation, retirement, risk protection and lifestyle planning — not just today, but over time.
- [Is financial planning only for people with high incomes or large assets?](https://mjfc.com.au/faq-items/is-financial-planning-only-for-people-with-high-incomes-or-large-assets/) - No. Financial planning is about making the most of what you have, regardless of your income or net worth. Many people benefit most from advice earlier in life, when good decisions can have the biggest long-term impact.
- [When is the right time to seek financial advice?](https://mjfc.com.au/faq-items/when-is-the-right-time-to-seek-financial-advice/) - There’s no “perfect” time — but common triggers include buying property, starting a family, changing jobs, receiving an inheritance, planning for retirement, or simply wanting greater clarity and confidence around your finances.
- [What areas can financial planning help with?](https://mjfc.com.au/faq-items/what-areas-can-financial-planning-help-with/) - Financial planning may assist with: Setting clear financial goals Superannuation strategies Investment planning Personal insurance and risk protection Retirement planning Cash flow and budgeting Estate and legacy considerations Advice is tailored to what’s relevant for you — not a one-size-fits-all approach.
- [What is financial planning?](https://mjfc.com.au/faq-items/what-is-financial-planning/) - Financial planning is the process of understanding your current financial position and creating a strategy to help you achieve your short-, medium- and long-term goals. It can cover areas such as cash flow, superannuation, investments, insurance, retirement planning and estate considerations — all tailored to your circumstances.
- [What exactly do you do as a financial planner?](https://mjfc.com.au/faq-items/what-exactly-do-you-do-as-a-financial-planner/) - As financial advisers, we help individuals and families make informed decisions about their money and long-term financial future. This can include guidance around budgeting, cash flow, investments, superannuation, retirement planning, personal insurance, debt management,wealth creation strategies and more. We work with clients to understand their goals and create tailored financial plans designed to help them
- [What are the common Features Of SMSF Property Loans?](https://mjfc.com.au/faq-items/what-are-the-common-features-of-smsf-property-loans/) - SMSF commercial property loans are specialised lending products designed for eligible Self Managed Super Funds acquiring qualifying commercial property. Depending on the lender and structure, common features may include: Variable and fixed interest rate options Principal and interest or interest-only repayments Lending for eligible commercial property acquisitions Individual or corporate trustee borrowing structures Refinance options
- [Are SMSF Commercial Property Loan Rates Higher?](https://mjfc.com.au/faq-items/are-smsf-commercial-property-loan-rates-higher/) - SMSF commercial property loans may attract different interest rates and fees compared to standard residential lending. This is because SMSF lending involves specialised structures, additional compliance requirements, and a smaller pool of participating lenders. However, the lowest interest rate isn't always the best outcome. The right lender will depend on factors such as: The type
- [Why Use A Specialist SMSF Mortgage Broker?](https://mjfc.com.au/faq-items/why-use-a-specialist-smsf-mortgage-broker/) - SMSF lending is significantly more complex than standard residential or commercial finance. A specialist SMSF mortgage broker can help you understand lender requirements, compare available loan options, coordinate with your accountant and solicitor, and guide you through the application process from pre-approval through to settlement. Because lender policies vary considerably, working with a broker experienced
- [Can An SMSF Still Borrow To Buy Residential Property?](https://mjfc.com.au/faq-items/can-an-smsf-still-borrow-to-buy-residential-property/) - Recent legislative changes mean new SMSF borrowing arrangements for residential property are generally no longer available. However, eligible SMSFs may still be able to borrow to acquire qualifying commercial property using an LRBA structure. Existing arrangements entered into before the legislative changes may be subject to separate transitional provisions. Because the rules are complex and
- [Can I Refinance An Existing SMSF Loan?](https://mjfc.com.au/faq-items/can-i-refinance-an-existing-smsf-loan/) - Yes, refinancing may be available for eligible SMSF loans. Common reasons for refinancing include securing a more competitive interest rate, restructuring an existing loan, improving cash flow, or aligning the loan with the SMSF's long-term investment strategy. As SMSF lending is highly specialised, refinancing options can vary significantly between lenders and may depend on the
- [What is a Limited Recourse Borrowing Arrangement (LRBA)?](https://mjfc.com.au/faq-items/what-is-an-lrba/) - A Limited Recourse Borrowing Arrangement (LRBA) is a specialised borrowing structure used by eligible SMSFs to acquire certain assets, including qualifying commercial property. Under an LRBA, the lender's security is generally limited to the asset purchased under the arrangement rather than the SMSF's broader asset pool. Because these structures involve specific legal, compliance, and lending
- [How Much Deposit Is Required For An SMSF Commercial Property Loan?](https://mjfc.com.au/faq-items/how-much-deposit-is-required-for-an-smsf-commercial-property-loan/) - Deposit requirements vary between lenders and depend on factors such as the property's location, use, value, and the overall strength of the SMSF. In most cases, SMSF borrowers should expect to contribute a meaningful deposit as lenders generally require a lower loan-to-value ratio (LVR) compared to traditional residential lending. Additional costs such as stamp duty,
- [How Much Can You Borrow Through An SMSF?](https://mjfc.com.au/faq-items/how-much-can-you-borrow-through-an-smsf/) - Borrowing capacity for an SMSF commercial property loan is assessed differently to a standard home loan. Lenders will typically consider a range of factors, including: The SMSF's existing balance and available assets Ongoing employer and member contributions Rental income from the proposed property The SMSF's expenses, liabilities, and cash flow position The type, location, and
- [Can My Business Lease A Property Owned By My SMSF?](https://mjfc.com.au/faq-items/can-my-business-rent-a-commercial-property-owned-by-my-smsf/) - In many circumstances, yes. One of the unique features of SMSF commercial property investment is that an eligible business may be able to lease commercial premises owned by the SMSF, provided the arrangement complies with superannuation legislation and is conducted on arm's length commercial terms. For many business owners, this can provide an opportunity to
- [Can an SMSF buy commercial property?](https://mjfc.com.au/faq-items/can-an-smsf-buy-commercial-property/) - Yes. Eligible Self Managed Super Funds (SMSFs) can purchase qualifying commercial property, either outright using available fund assets or through a Limited Recourse Borrowing Arrangement (LRBA), subject to superannuation and lender requirements. Commercial property may include offices, warehouses, factories, industrial properties, retail premises, medical suites, and other forms of business real property. Purchasing commercial property
- [How can I find my ATO Notice of Assessment?](https://mjfc.com.au/faq-items/how-can-i-find-my-ato-notice-of-assessment/) - Your Notices of Assessment are in your MyGov inbox: for step-by-step instructions on how to find them, visit the Australian Government ATO site.
- [How does vehicle or asset finance work?](https://mjfc.com.au/faq-items/how-does-vehicle-or-asset-finance-work/) - Vehicle and asset finance allows you to purchase a car, equipment or other assets while spreading the cost over time. The lender provides the funds upfront, and you repay the loan through regular instalments. Different structures may be available depending on whether the finance is for personal or business use.
- [How often do I make home loan repayments — weekly, fortnightly, or monthly?](https://mjfc.com.au/faq-items/how-often-do-i-make-home-loan-repayments-weekly-fortnightly-or-monthly/) - Most lenders offer flexible repayment options to suit your pay cycle. If you aim to make weekly or fortnightly repayments, instead of monthly, you will make more payments in a year, which can potentially shave dollars and time off your loan.
- [How much money can I borrow?](https://mjfc.com.au/faq-items/how-much-money-can-i-borrow/) - We’re all unique when it comes to our finances and borrowing needs. Contact us today, we can help with calculations based on your circumstances.
- [How do I choose a loan that’s right for me?](https://mjfc.com.au/faq-items/how-do-i-choose-a-loan-thats-right-for-me/) - Our guides to loan types and features will help you learn about the main options available. There are hundreds of different home loans available, so talk to us today.
- [Can I pay out the loan early?](https://mjfc.com.au/faq-items/can-i-pay-out-the-loan-early/) - In many cases, yes — however, early repayment conditions can vary between lenders and loan types. It’s important to understand any fees or break costs before finalising the structure.
- [Are there different types of finance structures available?](https://mjfc.com.au/faq-items/are-there-different-types-of-finance-structures-available/) - Yes, there are several ways to structure asset and vehicle finance, including: standard loan agreements lease arrangements commercial hire purchase The right structure will depend on your goals, cashflow and whether the asset is for personal or business use.
- [What interest rates apply to asset finance?](https://mjfc.com.au/faq-items/what-interest-rates-apply-to-asset-finance/) - Interest rates vary depending on factors such as: the type of asset loan structure your financial position whether the finance is personal or business We can help compare options to find a solution that suits your situation.
- [How long does approval take?](https://mjfc.com.au/faq-items/how-long-does-approval-take/) - Approval timeframes can vary, but many asset and vehicle finance applications can be processed relatively quickly, sometimes within a few days. More complex commercial applications may take longer depending on the documentation required.
- [Do I need a deposit?](https://mjfc.com.au/faq-items/do-i-need-a-deposit/) - Not always. Some finance options allow you to borrow the full purchase price, while others may require a deposit depending on the lender, asset type and your financial position.
- [What types of assets can be financed?](https://mjfc.com.au/faq-items/what-types-of-assets-can-be-financed/) - A wide range of assets can be financed, including: Cars, utes and vans Trucks and commercial vehicles Machinery and equipment Office or specialised business equipment If you're unsure whether something can be financed, it's usually worth asking — many assets are eligible.
- [Can I get finance through my business?](https://mjfc.com.au/faq-items/can-i-get-finance-through-my-business/) - Yes, many lenders offer finance solutions specifically for businesses, including sole traders, partnerships and companies. The structure of the loan will depend on factors such as your business financials, trading history and the type of asset being purchased.
- [What’s the difference between consumer and commercial finance?](https://mjfc.com.au/faq-items/whats-the-difference-between-consumer-and-commercial-finance/) - Consumer finance is typically used for personal purchases, such as a car for everyday use. Commercial finance is designed for business purposes, such as vehicles, machinery or equipment, and may offer different structures and tax considerations depending on your circumstances.
- [Why Not Just Go to Your Bank?](https://mjfc.com.au/faq-items/why-not-just-go-to-your-bank/) - Banks can only offer their own products and policies. A broker provides access to multiple lenders, helping you compare options and structure a loan that aligns with your goals and financial position. The value lies not just in comparison, but in guidance, positioning and managing the process from application to settlement.
- [What if I’m not sure I’m ready to apply yet?](https://mjfc.com.au/faq-items/what-if-im-not-sure-im-ready-to-apply-yet/) - That’s completely fine. Many clients begin with a borrowing capacity conversation to understand their position before actively searching for a property. An initial discussion can provide clarity and direction, even if you’re still in the early planning stage.
- [Do you provide ongoing support after settlement?](https://mjfc.com.au/faq-items/do-you-provide-ongoing-support-after-settlement/) - Yes. Your loan should continue to align with your circumstances over time. If your goals, income or financial position change, we’re available to review your structure and discuss whether adjustments may be appropriate. Our relationship doesn’t end at settlement.
- [Can you help if I’m self-employed?](https://mjfc.com.au/faq-items/can-you-help-if-im-self-employed/) - Yes. Self-employed borrowers often require more detailed income assessment, and lender policies can vary significantly in this area. We help identify lenders whose criteria align with your business structure and financial documentation, ensuring your application is positioned clearly and accurately from the outset.
- [How long does loan approval take?](https://mjfc.com.au/faq-items/how-long-does-loan-approval-take/) - Timeframes vary depending on the lender, the complexity of your situation and market conditions. As a general guide: Pre-approvals may take anywhere from a day to a couple of weeks. Formal approvals after purchase can range from one to three weeks. We’ll provide realistic timeframes based on your circumstances and keep you updated throughout the
- [Will applying through a broker impact my credit score?](https://mjfc.com.au/faq-items/will-applying-through-a-broker-impact-my-credit-score/) - We take care to structure applications thoughtfully. Before submitting any formal application, we assess your borrowing capacity and identify lenders whose criteria align with your situation. This helps avoid unnecessary applications that could affect your credit file. Where a credit check is required, we will discuss this with you beforehand so you understand the process.
- [How are you paid?](https://mjfc.com.au/faq-items/how-are-you-paid/) - In most cases, we are paid a commission by the lender once your loan settles. This commission is built into the lender’s product pricing and does not increase your interest rate. We will always disclose how we are remunerated and ensure you understand any applicable fees before proceeding. Transparency is an important part of our
- [Does using a mortgage broker affect my interest rate?](https://mjfc.com.au/faq-items/does-using-a-mortgage-broker-affect-my-interest-rate/) - In most cases, no. Lenders generally offer the same interest rates whether you apply directly or through a broker. Our role is to help you compare options, negotiate where appropriate, and structure the loan correctly for your situation. The focus isn’t just the headline rate, it’s ensuring the overall loan setup supports your cashflow and
- [How many lenders do you have access to?](https://mjfc.com.au/faq-items/how-many-lenders-do-you-have-access-to/) - We have access to a broad panel of 50+ lenders, including major banks, regional lenders and specialist providers. This allows us to compare loan products and lending policies across multiple institutions rather than being limited to a single bank’s offering. The right lender isn’t always the one with the lowest advertised rate — it’s the
- [Do I really need personal insurance?](https://mjfc.com.au/faq-items/do-i-really-need-personal-insurance/) - Insurance is not mandatory, but if your financial plan depends on your income or ability to provide for others, having appropriate protection can reduce financial vulnerability. The purpose of insurance is not to expect the worst — it is to protect the lifestyle, assets and long-term goals you have worked hard to build.
- [Are insurance premiums tax deductible?](https://mjfc.com.au/faq-items/are-insurance-premiums-tax-deductible/) - The tax treatment of premiums depends on the type of cover and how it is structured. For example: Income protection premiums are often tax deductible when held outside superannuation. Life, TPD and trauma premiums are generally not tax deductible when held personally. Tax implications can vary based on ownership and structure, so personalised advice is
- [How often should my insurance be reviewed?](https://mjfc.com.au/faq-items/how-often-should-my-insurance-be-reviewed/) - nsurance should generally be reviewed when: You take on new debt Your income increases You start a family Your employment situation changes You approach retirement Even without major life changes, periodic review ensures your cover remains aligned with your financial plan and current legislation.
- [Can I hold insurance outside of superannuation?](https://mjfc.com.au/faq-items/can-i-hold-insurance-outside-of-superannuation/) - Yes. Insurance can be held either inside or outside superannuation, and sometimes a combination of both is appropriate. Holding cover outside super may: Provide greater flexibility in certain claim situations Allow different ownership structures Offer more control over policy features However, premiums and tax considerations differ depending on structure. Advice helps ensure the arrangement aligns
- [Do I need income protection if I have sick leave?](https://mjfc.com.au/faq-items/do-i-need-income-protection-if-i-have-sick-leave/) - Employer sick leave may provide short-term support, but it is typically limited in duration. Income protection insurance is designed to provide longer-term income replacement if illness or injury prevents you from working for an extended period. For self-employed individuals or business owners, income protection can be particularly important, as employer-funded benefits are generally not available.
- [Is insurance through superannuation enough?](https://mjfc.com.au/faq-items/is-insurance-through-superannuation-enough/) - Many people hold life and TPD insurance automatically through their superannuation fund. While this can be convenient and cost-effective, the cover amounts are often based on default settings rather than personal needs. In some cases, default cover may be: Insufficient for your financial obligations Based on definitions that may not suit your occupation Structured in
- [How much life insurance do I need?](https://mjfc.com.au/faq-items/how-much-life-insurance-do-i-need/) - The appropriate amount of life insurance depends on your individual circumstances. Factors typically considered include: Outstanding debts (such as a mortgage) Ongoing living expenses Income replacement needs Children’s education costs Future financial goals Rather than selecting an arbitrary figure, a structured assessment helps determine a level of cover aligned with your financial responsibilities and long-term
- [How often should my investment portfolio be reviewed?](https://mjfc.com.au/faq-items/how-often-should-my-investment-portfolio-be-reviewed/) - Investment portfolios should generally be reviewed at least annually, or whenever there is a significant change in your circumstances. Regular review helps ensure: Your asset allocation remains aligned with your goals Your risk profile is still appropriate Your portfolio is rebalanced after market movements Tax considerations are managed effectively Even if everything appears to be
- [What is diversification and why is it important?](https://mjfc.com.au/faq-items/what-is-diversification-and-why-is-it-important/) - Diversification means spreading investments across different asset types, industries and geographic regions rather than relying heavily on one area. The purpose of diversification is to reduce the impact of any single investment performing poorly. Because different assets tend to perform differently under varying economic conditions, diversification can help smooth overall portfolio returns over time. While
- [How do I reduce investment risk?](https://mjfc.com.au/faq-items/how-do-i-reduce-investment-risk/) - All investments carry some level of risk, but risk can be managed — not eliminated. Ways to manage risk include: Diversifying across asset classes Avoiding concentration in a single investment Aligning investments to your timeframe Maintaining appropriate defensive assets Reviewing and rebalancing regularly Importantly, risk should be considered in the context of your goals. Being
- [Should I invest in shares or property?](https://mjfc.com.au/faq-items/should-i-invest-in-shares-or-property/) - Shares and property can both play a role in a diversified wealth strategy, but they serve different purposes and carry different risks. Shares and managed investments typically offer: Liquidity (easier access to funds) Diversification across industries and regions Lower transaction costs Property may offer: Leverage opportunities Tangible asset ownership Rental income potential The right mix
- [Is now a good time to invest?](https://mjfc.com.au/faq-items/is-now-a-good-time-to-invest/) - It’s natural to wonder whether markets are at the “right” level before investing. However, consistently trying to time market highs and lows is difficult — even for experienced investors. A structured investment strategy typically focuses on long-term goals rather than short-term market movements. In many cases, disciplined investing over time — supported by diversification and
- [How much money do I need to start investing?](https://mjfc.com.au/faq-items/how-much-money-do-i-need-to-start-investing/) - There is no fixed minimum amount required to begin investing. The right starting point depends on your financial position, cash flow, emergency savings and overall goals. Before investing, it’s generally important to ensure you have: Adequate cash reserves for unexpected expenses Appropriate insurance protection A manageable level of debt From there, even modest but consistent
- [What is the difference between accumulation and pension phase?](https://mjfc.com.au/faq-items/what-is-the-difference-between-accumulation-and-pension-phase/) - During the accumulation phase, contributions are made into super and earnings are generally taxed at concessional rates. Once you transition into retirement and commence a pension, income may be drawn from your super, and the tax treatment of earnings can change. Structuring this transition correctly can significantly impact your retirement income sustainability. Strategic advice helps
- [Can I access my super early?](https://mjfc.com.au/faq-items/can-i-access-my-super-early/) - Superannuation is generally preserved until you reach your preservation age and meet a condition of release, such as retirement. There are limited circumstances where early access may be permitted, including severe financial hardship, compassionate grounds or permanent incapacity. These situations are strictly regulated and subject to eligibility criteria. Because accessing super early can impact your
- [Should I change my super investment option?](https://mjfc.com.au/faq-items/should-i-change-my-super-investment-option/) - Your super investment option should reflect your time horizon, risk tolerance and overall financial strategy. Many people remain in default or “balanced” options for years without review. While these may be suitable for some, they may not align with your current stage of life or retirement timeframe. As you move closer to retirement, the balance
- [Is salary sacrificing into super worth it?](https://mjfc.com.au/faq-items/is-salary-sacrificing-into-super-worth-it/) - Salary sacrificing can be an effective way to build retirement savings tax-efficiently, particularly for higher income earners. Concessional contributions are generally taxed at a lower rate than many personal marginal tax rates, which can make this strategy attractive. However, contribution caps apply and exceeding them can result in penalties. Whether salary sacrifice is appropriate depends
- [Should I consolidate my super accounts?](https://mjfc.com.au/faq-items/should-i-consolidate-my-super-accounts/) - Many people accumulate multiple super accounts throughout their working life, which can lead to duplicated fees and unnecessary complexity. Consolidating accounts may reduce fees and simplify management, but it’s important to first review: Insurance cover held within each fund Any unique benefits or legacy features Investment options and performance Exit fees or tax implications Careful
- [How much super should I have at my age?](https://mjfc.com.au/faq-items/how-much-super-should-i-have-at-my-age/) - There’s no single benchmark that applies to everyone. The amount you need in super depends on your lifestyle goals, retirement age, other assets and whether you expect to receive any Age Pension benefits. While industry “rules of thumb” can provide a rough guide, they don’t account for individual circumstances. A more meaningful approach is to
- [What happens if markets fall in retirement?](https://mjfc.com.au/faq-items/what-happens-if-markets-fall-in-retirement/) - Market downturns are a normal part of investing, but they can feel more confronting once you’re drawing income from your portfolio. A well-designed retirement strategy typically includes: An appropriate investment mix aligned with your risk tolerance Income structuring that avoids selling growth assets at the wrong time Cash or defensive buffers to help manage volatility
- [How long will my money last?](https://mjfc.com.au/faq-items/how-long-will-my-money-last/) - This is one of the most common and important retirement questions. The longevity of your savings depends on several factors, including: How much income you draw each year Investment returns Inflation Market volatility Life expectancy Retirement planning involves detailed cashflow modelling to project how your assets may perform under different scenarios, including conservative market assumptions.
- [Can I retire early?](https://mjfc.com.au/faq-items/can-i-retire-early/) - Possibly — but it depends on your financial position and how sustainable your income will be. Early retirement means your savings need to last longer, and you may not yet have access to certain superannuation benefits or government entitlements. A structured retirement plan can assess: Whether early retirement is financially viable How your super and
- [How much do I need to retire comfortably?](https://mjfc.com.au/faq-items/how-much-do-i-need-to-retire-comfortably/) - There isn’t a single number that suits everyone. The amount you need depends on your lifestyle expectations, housing situation, health, travel plans and whether you expect to receive any Age Pension benefits. For some people, a modest lifestyle may require significantly less than someone planning frequent travel or supporting family members. Rather than focusing solely
- [When should I start retirement planning?](https://mjfc.com.au/faq-items/when-should-i-start-retirement-planning/) - The earlier you begin retirement planning, the more options and flexibility you’re likely to have. Ideally, structured retirement planning should begin at least 5–10 years before you intend to retire. This allows time to adjust your superannuation strategy, review your investment allocation, optimise tax structures and test different retirement income scenarios. However, it’s never too
- [What Should I Expect When I Engage You For Retirement Advice?](https://mjfc.com.au/faq-items/what-should-i-expect-when-i-engage-you-for-retirement-advice/) - When you choose to proceed, you can expect: A structured discovery meeting focused on your goals and retirement lifestyle Detailed modelling to test different income and retirement timing scenarios Clear recommendations explained in plain language Ongoing support as markets, legislation and your circumstances evolve Retirement planning is not about a one-off transaction — it’s about
- [What Does Retirement Planning Advice Cost?](https://mjfc.com.au/faq-items/what-does-retirement-planning-advice-cost/) - Retirement planning advice is tailored to your circumstances, so fees depend on the complexity of your situation and the scope of advice required. Factors that can influence the cost include: The number and type of superannuation or investment accounts involved Whether you are transitioning to retirement or already retired The need for retirement income modelling
- [Is working as a casual relief teacher acceptable?](https://mjfc.com.au/faq-items/is-working-as-a-casual-relief-teacher-acceptable/) - Working as a casual teacher is simply the nature of starting your career as a new teacher. Some teachers also work casual indefinitely as it suits their lifestyles. We have found this very common when they may have recently started a new family and have returned to work post maternity leave. The problem that banks
- [Can I get my home loan during school holidays?](https://mjfc.com.au/faq-items/can-i-get-my-home-loan-during-school-holidays/) - During the school term, you’re busy planning classes and marking homework, so you typically don’t have time to search for a property, speak to a real estate agent or start your home loan application. When you do have time to speak to a professional or need an employment letter to prove your income, agents are
- [What if i'm a teacher on probation?](https://mjfc.com.au/faq-items/what-if-im-a-teacher-on-probation/) - Teacher home loans are available even if you’re on probation. However, note that you’ll need to meet all other standard lending criteria and have a clear credit history.
- [Do I need an employment letter?](https://mjfc.com.au/faq-items/do-i-need-an-employment-letter/) - In some cases, yes, the lender may ask for a letter of employment to prove your current and future employment status, namely: How long you have been a teacher. Whether you have a block of teaching confirmed for the upcoming term. Whether you will continue to work as a casual, if you’re looking for temporary
- [What if I only recently became self-employed?](https://mjfc.com.au/faq-items/what-if-i-only-recently-became-self-employed/) - Suppose you’re a builder who has only been operating and working for yourself for a year or so — but you’ve been working in the industry since you started an apprenticeship 5 years ago. In this case, you could try applying for what’s called a “low doc loan” (i.e. low documentation) — special consideration would
- [What do self-employed people need to prepare for a home loan application?](https://mjfc.com.au/faq-items/what-do-self-employed-people-need-to-prepare-for-a-home-loan-application/) - If you’re self-employed and want to apply for a home loan, you will need to provide evidence of your business’ financial position. In addition to the regular personal financial information as everyone else, self-employed people may also need to prepare some additional paperwork before they apply for a home loan such as: last two years
- [What fees/costs are involved in switching mortgages?](https://mjfc.com.au/faq-items/what-fees-costs-are-involved-in-switching-mortgages/) - Depending on your loan, penalty fees could apply if you’re paying off your current mortgage early. But these may be offset by repayment savings when you switch home loans. We’ll walk you through any fees that could apply to your circumstances.
- [Can I consolidate credit card or other debts into a home loan?](https://mjfc.com.au/faq-items/can-i-consolidate-credit-card-or-other-debts-into-a-home-loan/) - This is one of the reasons some people refinance. The advantage is that you pay a much lower interest rate on a mortgage than for most other forms of debt – e.g. credit cards, overdraft facilities, personal loans, etc. Providing you have sufficient equity in your property, you may be able to consolidate all your
- [Can I get a mortgage where I pay less than I’m paying now?](https://mjfc.com.au/faq-items/can-i-get-a-mortgage-where-i-pay-less-than-im-paying-now/) - Now is always a great time to shop around or check that you have the right loan for your needs. We’re a great starting point. It will depend on what interest rate you’re currently paying, what type of home loan you have (e.g. fixed, variable, interest only, line of credit), and what features you want in
- [Will a pre-approval affect my credit score?](https://mjfc.com.au/faq-items/will-a-pre-approval-affect-my-credit-score/) - Each time you apply for pre-approval this is treated like any other application for credit and will be added to your credit history, regardless of whether you are approved or rejected. If you have a large number of credit enquiries on your file over a short period, this could impact your credit score negatively. It’s
- [Is a pre-approval final?](https://mjfc.com.au/faq-items/is-a-pre-approval-final/) - No, if your financial situation changes after you have received pre-approval, your situation will need to be reassessed. This could be because you have changed jobs, had changes to your income, taken on a new credit card or had a major change in your life like a new baby. These factors could impact the amount
- [How long does a pre-approval last?](https://mjfc.com.au/faq-items/how-long-does-a-pre-approval-last/) - For most lenders a pre-approval is valid for 90 days, but it can often be extended by resupplying your income and expense information to your lender.
- [How much can I borrow?](https://mjfc.com.au/faq-items/how-much-can-i-borrow/) - Everyone is in a different financial situation. How much we can borrow will vary, because lenders will assess our borrowing power according to our income, expenses, and financial commitments. To get a quick estimate of how much you can borrow, you can use our borrowing power calculator. If you want to increase your borrowing capacity,
- [Why get a family Guarantee?](https://mjfc.com.au/faq-items/a-guarantor-may-be-responsible-for-repayments-if-the-borrower-cannot-meet-them/) - You can spend less time saving for a deposit or even not need one at all, so you can get on the property ladder sooner You can borrow up to 100% of the property’s purchase price plus applicable fees without having to pay Lenders’ Mortgage Insurance (LMI) – which you would normally have to factor into your
- [How is gifted money looked at by banks?](https://mjfc.com.au/faq-items/how-is-gifted-money-looked-at-by-banks/) - If you’re having a hard time saving for your first home, your family can help you with a cash gift to put towards your deposit A gifted deposit home loan may not be as simple as going up to a lender with your parent’s cash. Lenders are likely to ask for evidence of where the
- [When does the family guarantee end?](https://mjfc.com.au/faq-items/when-does-the-family-guarantee-end/) - Once you’ve paid off the second smaller loan, you can apply to remove the guarantee. This means your guarantor will only be liable for as long as it takes you to pay off the smaller loan. You can even make extra repayments to help release the guarantor’s property sooner. Or you are able to refinance
- [Can I make extra repayments of a fixed loan?](https://mjfc.com.au/faq-items/can-i-make-extra-repayments-of-a-fixed-loan/) - Most banks do not allow extra repayments on fixed loans. Some banks allow you to make extra repayments on your fixed home loan of up to $10,000 per account which can be made each year without penalty (additional payments above this amount may incur break costs). The 12-month period is calculated from the date the fixed term
- [Can I have an offset account with a fixed loan?](https://mjfc.com.au/faq-items/can-i-have-an-offset-account-with-a-fixed-loan/) - Usually you are unable to access an offset account with a fixed home loan; however, there are a couple of lenders we have access to that do offer this feature.
- [What happens if interest rates go up or down when I’m on a fixed rate?](https://mjfc.com.au/faq-items/what-happens-if-interest-rates-go-up-or-down-when-im-on-a-fixed-rate/) - The general appeal of a fixed rate is the rate of interest paid on a loan doesn’t change for a set period. That means when the lender puts its interest rates up or down, it doesn’t affect existing fixed rate customers. There’s pros and cons to this: Pro: If interest rates increase significantly during the fixed
- [Can you extend your fixed rate term?](https://mjfc.com.au/faq-items/can-you-extend-your-fixed-rate-term/) - No. When a fixed rate term ends the borrower has the option to re-fix, but this is for a new fixed term and will likely have a different interest rate. This is because the forecast for where the cash rate is heading could have changed significantly since you last fixed your loan.
- [Be discerning about the developer](https://mjfc.com.au/faq-items/be-discerning-about-the-developer/) - Make sure you purchase from a reputable builder and take the time to research their previous projects. Do they use quality contractors? Do they deliver projects on time? Make a point of visiting some of their projects so you can assess the finished product first-hand.
- [Beware a boom](https://mjfc.com.au/faq-items/beware-a-boom/) - Many buyers get swept up on a wave of rising property prices when they hand over their deposit in exchange for a floor plan. Historically, property is a consistent long-term performer, but property prices can plateau and even wane at the mercy of economic factors. Buyers also need to be wary of over-supply, which may
- [Investment incentive](https://mjfc.com.au/faq-items/investment-incentive/) - Off-the-plan apartments are often pitched heavily at investors due to the tax* benefits that come with depreciation on new properties and rental guarantees. Tax savings will depend on your individual circumstances, but generally the newer the property, the higher the depreciation allowance for the building and fixtures. Investors may also be offered attractive rental guarantees
- [First-home-buyer advantage](https://mjfc.com.au/faq-items/first-home-buyer-advantage/) - Various incentives are still being dangled in front of first-home-buyers, which may add to the appeal of buying off the plan. Concessions vary across Australia and some have been curbed since January 1, so visit your State or Territory web site for the latest information on grants and exemptions. You can also research your eligibility
- [New home, no hassles](https://mjfc.com.au/faq-items/new-home-no-hassles/) - If you dream of a new home but have nightmares at the thought of building one, an off-the-plan purchase may be the perfect compromise. Although you will not get to design everything as you would with a custom-built home, most off-the-plan developments allow some customisation of finishes and fixtures. Make sure your contract outlines what
- [Time on your side](https://mjfc.com.au/faq-items/time-on-your-side/) - One of the biggest advantages of buying off the plan is time. Unlike traditional property purchases with relatively short windows to round up the total finance, you will have at least 12 months, if not longer, to settle. Savvy buyers will take advantage of this extra time to save their pennies and reduce their borrowings.
- [What fees/costs should I budget for?](https://mjfc.com.au/faq-items/what-fees-costs-should-i-budget-for/) - There are a number of fees and costs involved when buying a property. To help avoid any surprises, the list below sets out many of the usual costs: Stamp duty — This is the big one. All other costs are relatively small by comparison. Stamp duty rates vary between state and territory governments and also depend on
- [What is the First Home Owner Grant and can I get one?](https://mjfc.com.au/faq-items/what-is-the-first-home-owner-grant-and-can-i-get-one/) - This is a grant available to Australian citizens or permanent residents who wish to buy or build their first home, which will be their principal place of residence within 12 months of settlement. Contact us directly to find out more about eligibility requirements in your state and how much grant money you could receive.
- [How much will regular repayments be?](https://mjfc.com.au/faq-items/how-much-will-regular-repayments-be/) - Go to our Repayment Calculator for an estimate. Because there are so many different loan products, some with lower introductory rates, talk to us today about the deals currently available, and we’ll work with you to find a loan setup that’s right for you.
- [How much do I need for a deposit?](https://mjfc.com.au/faq-items/how-much-do-i-need-for-a-deposit/) - Usually between 5% – 10% of the value of a property. Speak with us to discuss your options for a deposit.

## Categories

- [Insurance](https://mjfc.com.au/category/insurance/)
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- [Loan Structure](https://mjfc.com.au/tag/loan-structure/)
- [Fixed](https://mjfc.com.au/tag/fixed/)
- [Split Rate Loans](https://mjfc.com.au/tag/split-rate-loans/)
- [Interest Only](https://mjfc.com.au/tag/interest-only/)
- [Line of Credit](https://mjfc.com.au/tag/line-of-credit/)
- [Low Doc](https://mjfc.com.au/tag/low-doc/)
- [Lenders Mortgage Insurance](https://mjfc.com.au/tag/lenders-mortgage-insurance/)
- [Goalsetting](https://mjfc.com.au/tag/goalsetting/)
- [financial plan](https://mjfc.com.au/tag/financial-plan/)
- [financial planning carrum](https://mjfc.com.au/tag/financial-planning-carrum/)
- [Guarantor Home Loan](https://mjfc.com.au/tag/guarantor-home-loan/)
- [Guarantor](https://mjfc.com.au/tag/guarantor/)
- [home loan](https://mjfc.com.au/tag/home-loan/)
- [bayside mortgage broker](https://mjfc.com.au/tag/bayside-mortgage-broker/)
- [Mortgage Broker Melbourne](https://mjfc.com.au/tag/mortgage-broker-melbourne/)
- [FHLDS](https://mjfc.com.au/tag/fhlds/)
- [Teacher loan](https://mjfc.com.au/tag/teacher-loan/)
- [First Home Owner Schemes](https://mjfc.com.au/tag/first-home-owner-schemes/)
- [Borrowing Capacity](https://mjfc.com.au/tag/borrowing-capacity/)
- [First home buyer guide](https://mjfc.com.au/tag/first-home-buyer-guide/)
- [help to buy scheme](https://mjfc.com.au/tag/help-to-buy-scheme/)
- [first home loan deposit scheme](https://mjfc.com.au/tag/first-home-loan-deposit-scheme/)
- [stamp duty exemption](https://mjfc.com.au/tag/stamp-duty-exemption/)
- [mj financial chiefs](https://mjfc.com.au/tag/mj-financial-chiefs/)
- [home loan experts](https://mjfc.com.au/tag/home-loan-experts/)
- [home buyer guides](https://mjfc.com.au/tag/home-buyer-guides/)
- [mortgage broker near me](https://mjfc.com.au/tag/mortgage-broker-near-me/)
- [financial planner near me](https://mjfc.com.au/tag/financial-planner-near-me/)
- [retirement planning](https://mjfc.com.au/tag/retirement-planning/)
- [movember](https://mjfc.com.au/tag/movember/)
- [conveyancer](https://mjfc.com.au/tag/conveyancer/)
- [MortgageBrokerMelbourne](https://mjfc.com.au/tag/mortgagebrokermelbourne/)
- [Mortgage Refinance](https://mjfc.com.au/tag/mortgage-refinance/)
- [reduce loan repayments](https://mjfc.com.au/tag/reduce-loan-repayments/)
- [home guarantee scheme](https://mjfc.com.au/tag/home-guarantee-scheme/)
- [Credit Score](https://mjfc.com.au/tag/credit-score/)
- [Credit Reports](https://mjfc.com.au/tag/credit-reports/)
- [How to Increase Credit Score](https://mjfc.com.au/tag/how-to-increase-credit-score/)
- [Redraw Facility](https://mjfc.com.au/tag/redraw-facility/)
- [Reduce Loan Interest](https://mjfc.com.au/tag/reduce-loan-interest/)
- [How to Save Money on Mortgage](https://mjfc.com.au/tag/how-to-save-money-on-mortgage/)
- [What is Equity](https://mjfc.com.au/tag/what-is-equity/)
- [Home Equity](https://mjfc.com.au/tag/home-equity/)
- [Refinancing](https://mjfc.com.au/tag/refinancing/)
- [Mortgage Refinancing](https://mjfc.com.au/tag/mortgage-refinancing/)
- [Home Loan Refinancing](https://mjfc.com.au/tag/home-loan-refinancing/)
- [Interest Rates](https://mjfc.com.au/tag/interest-rates/)
- [Rising Interest Rates](https://mjfc.com.au/tag/rising-interest-rates/)
- [Variable Interest Rate Home Loan](https://mjfc.com.au/tag/variable-interest-rate-home-loan/)
- [Fixed Interest Rate Home Loan](https://mjfc.com.au/tag/fixed-interest-rate-home-loan/)
- [Expiring Fixed-Rate Mortgage](https://mjfc.com.au/tag/expiring-fixed-rate-mortgage/)
- [Mortgage Prisoner](https://mjfc.com.au/tag/mortgage-prisoner/)
- [RBA](https://mjfc.com.au/tag/rba/)
- [LVR](https://mjfc.com.au/tag/lvr/)
- [Reduce loan repayment](https://mjfc.com.au/tag/reduce-loan-repayment/)
- [Variable Rate Home Loan](https://mjfc.com.au/tag/variable-rate-home-loan/)
- [Mortgage Protection](https://mjfc.com.au/tag/mortgage-protection/)
- [TPD Insurance](https://mjfc.com.au/tag/tpd-insurance/)
- [Financial Security](https://mjfc.com.au/tag/financial-security/)
- [Tax Benefits](https://mjfc.com.au/tag/tax-benefits/)
- [Superannuation Funding](https://mjfc.com.au/tag/superannuation-funding/)
- [Mortgage](https://mjfc.com.au/tag/mortgage/)
- [Investment Loan](https://mjfc.com.au/tag/investment-loan/)
- [Client Care](https://mjfc.com.au/tag/client-care/)
- [Professional Development](https://mjfc.com.au/tag/professional-development/)
- [Conference](https://mjfc.com.au/tag/conference/)
- [Budget](https://mjfc.com.au/tag/budget/)

## FAQ Categories

- [First Home Buyer](https://mjfc.com.au/faq_category/first-home-buyer-faq/)
- [Building a New Home](https://mjfc.com.au/faq_category/building-new-home-faq/)
- [Fixed Term](https://mjfc.com.au/faq_category/fixed-term-faq/)
- [Guarantor Loans](https://mjfc.com.au/faq_category/guarantor-loans-faq/)
- [Pre-Approval](https://mjfc.com.au/faq_category/pre-approval-faq/)
- [Refinancing](https://mjfc.com.au/faq_category/refinancing-faq/)
- [Self Employed](https://mjfc.com.au/faq_category/self-employed-faq/)
- [Teachers](https://mjfc.com.au/faq_category/teachers-faq/)
- [Financial Planning](https://mjfc.com.au/faq_category/financial-planning-faq/)
- [Mortgages](https://mjfc.com.au/faq_category/mortgages-faq/)
- [Retirement](https://mjfc.com.au/faq_category/retirement-faq/)
- [Superannuation](https://mjfc.com.au/faq_category/superannuation-faq/)
- [Investing](https://mjfc.com.au/faq_category/investing-faq/)
- [Insurance](https://mjfc.com.au/faq_category/insurance-faq/)
- [Car & Asset Finance](https://mjfc.com.au/faq_category/car-asset-finance/)
- [SMSF Loans](https://mjfc.com.au/faq_category/smsf-loans-faq/)