More and more Australians are using Mortgage Brokers to guide them through the home loan maze. In the United States of America it is estimated that 70% of loans are introduced through mortgage brokers.
- The first reason for this is that Australian Finance Division will save you money by directing you to the lenders with the best rates and the loan features to suit you.
- Secondly, we save you time by bringing the major lenders to you at once, instead of you having to go from bank to bank trying to make sense of it all.
- Thirdly, we explain the loan to you in plain English, so you know you are getting a good home loan.
- Fourthly, we can guide you away from the many potential traps in borrowing money
- Finally, you won't be charged a fee for using a Mortgage Broker, there are no additional charges to your loan at all.
What kind of organisation is Australian Finance Division? Australian Finance Division is a Mortgage Brokerage, also called Mortgage Introducers. We bring together the best loans from a wide cross-section of lenders and assist you through the process of choosing and applying for a home loan. We do not lend money ourselves and we look out for your best interests. Mortgages are what we know best, so take advantage of our expertise, after all, we charge you no fee for using our service.
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The Australian Finance Division Group adheres to highest legislative standards and is a member of several major industry and governing bodies for your benefit.
Vikaria Finance Pty Ltd T/As Australian Finance Division is a member of the Australian Finance Group, Australia's largest mortgage wholesaler, organising over $1 Billion in home loans every month.
We are also Full Members of the Mortgage & Finance Association of Australia MFAA (#11651).
We are also governed by the Credit Ombudsman Service Ltd (#405709).
Our company adheres to a stringent Code of Ethics:
- To Act with Honesty and Integrity at all times
- To Comply with all the Laws and Regulations relating to the Mortgage Industry
- To Maintain Confidentiality in all Dealings
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Australian Finance Division represents over 40 major lenders who have consistently competitive loan products. Also, we select our lenders to ensure we have a wide number of lender types – banks, credit unions, mortgage managers, building societies – to ensure that you will get a great deal.
ANZ Bank, St George Bank, Colonial State Bank (banking products of the Commonwealth Bank), AMP Banking, Challenge Bank, Westpac, Bank of Melbourne, Adelaide Bank, National Australia Bank, Homeside Lending, Bank of New Zealand, ING Bank, Citibank, Suncorp Metway, Star Loans, Macquarie Bank, Liberty Financial, Latrobe Home Loans, RAMS, WA Home Loans, VIC Home Loans, QLD Home Loans, NSW Home Loans, Firstmac, Paramount Mortgage Services, GE Capital Finance, IMB Building Society, Home Building Society, The Rock Building Society, National Mortgage Market Corporation (a Subsidiary of the Bendigo Bank), Collins Securities, Over Fifties Mutual Investment Group, Pepper Home Loans, Heritage Building Society, AFG Mortgage Management, AFIG Wholesale and more.
Why would you go anywhere else?
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Speaking to us is like speaking to over 40 different lenders at one time. We can present all their loans to you at one time in one place, saving you time and confusion.
We are experienced in mortgages and mortgage minimisation techniques that can save you thousands of dollars and require no extra repayments.
Also, each bank has one of each type of loan (i.e., honeymoon, standard variable, line of credit, etc.). Knowing what type of loan you need is only half the battle, we help you choose which lender has that type of loan at the lowest rates and fees.
Because we are not owned by a lender or a lender ourselves, like some other mortgage brokers, we can help you select what loan and lender suits your situation, not just what the bank has to sell you.
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Individual bank managers do not have the power they did in the past. Assessment of loans is centralised and is simply a numbers game. We know the different discounts each bank is able to give depending on your situation. Also, the banks view us as one big customer because of the large amount of loans we put through them every month and they compete for our business. This means we have access to discounts and special offers which an individual bank manager can't offer.
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Australian Finance Division is paid a commission for introducing mortgages to the lenders on our lender panel. Commission structures vary amongst these lenders. Australian Finance Division loan writers are happy to explain these commission structures to you during your loan interview or over the phone. In addition, if you proceed with the loan your loan contract will also itemise the commission paid to Australian Finance Division and associated entities.
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Australian Finance Division is governed by the Privacy Act 1988 which enforces the privacy of personal financial information. Your financial, contact or other personal details can only be conveyed to another organisation or individuals outside Australian Finance Division with your express permission like the bank.
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