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Stay in touch with our latest happenings here at Into Finance Lending Solutions through our company newsletters. From articles to listicles and everything in between, we explain what's important in the worlds of property and finance in Forster and beyond on the Mid North Coast. For all enquiries, reach out to our team today on 0406 184 144.

Credit Cards With a Life Preserver on a Laptop Keyboard — Into Finance Lending Solutions in Coomba Bay, NSW

Frequently Asked Questions

  • What is debt consolidation and how does it work?

    Debt consolidation combines multiple debts like credit cards, personal loans or car loans into one loan with a single repayment. The aim is usually simpler management and potentially lower overall costs, depending on the new rate and term.

  • Will consolidating debt always lower my repayments?

    Not always. Repayments may drop if the new loan has a lower rate or longer term, but extending the term can increase total interest paid. It’s important to weigh short term relief against long term cost.

  • Can I consolidate debt if I have a mortgage already?

    Yes, many people consolidate by refinancing their home loan or using available equity, but it depends on your servicing position and goals. A broker can help compare whether this is a sensible move.

  • Who pays the mortgage broker?

    In most cases, you don’t directly pay anything to use a mortgage broker.


    Your broker is usually paid by the bank or lender once your home loan settles. This payment is in the form of a commission.

  • Why not go direct to the bank?

    • One bank = one set of options.                           

    A bank can only offer its own home loans, even if another lender has a better rate or features.


    • Brokers compare multiple lenders for you

    A mortgage broker compares loans from a range of banks and lenders to find the most suitable option for your situation.


    • Brokers must act in your best interests

    Mortgage brokers are legally required to put your interests first when recommending a loan. Banks are not governed by best interst duty (BID).


    • Save time and reduce stress

    Instead of visiting multiple banks and repeating your story, a broker handles the comparisons, paperwork, and lender communication.


    • Help with first‑home buyers and complex scenarios

    Brokers can assist with government schemes, smaller deposits, self‑employed income, and lender policies  that you may not be able to access directly.


    •  No extra out of pocket cost to you

    In general a standard residential home loan has no upfront charge from a broker.

  • What happens if I don’t find a home before my pre‑approval expires?

    This is very common — and nothing to worry about.


    • Pre‑approvals don’t last forever

    Most pre‑approvals are valid for a few months. This just means the bank wants to make sure your details are still up to date.


    • If it expires, you’re ok

    You don’t lose your chance to buy, and it doesn’t reflect badly on you. The pre‑approval simply runs out.


    • We can usually renew it

    If your situation hasn’t changed, we can often extend the pre‑approval or re‑apply quickly using updated documents.


    • Your borrowing amount may be reviewed

    When renewing, the lender may recheck things like income, expenses, or interest rates. Your borrowing power might stay the same, go up, or (sometimes) come down.