Frequently asked questions
We’ve addressed some of the most frequently asked questions from our clients.
If you don’t find what you’re looking for, get in touch with our team — we’re here to help.
Will you get the loan approved by your money lenders in Australia?
It’s a good idea to review your home loan regularly to make sure it still suits your needs. Some steps you can take include:
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Reviewing your current repayments and adjusting to meet your financial goals.
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Using redraw facilities or offset accounts to reduce interest.
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Speaking with a Champion Broker to see if refinancing or restructuring could save you money.
What questions should I ask when reviewing my home loan with a Champion Broker?
Here are some key things to discuss with your broker:
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Could I save by switching to a different loan product or rate?
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Should I lower repayments for short-term savings, or keep them higher to reduce the loan term?
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What are the pros and cons of fixed vs variable rates?
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Would moving from Principal & Interest to Interest Only suit my situation?
What does refinancing involve?
Refinancing means switching your current home loan to a new one — often with better rates, features, or flexibility. Your Champion Broker will compare options, guide you through the process, and help you understand the potential savings.
What is a loan deferral?
A loan deferral is when your lender allows you to temporarily pause or reduce repayments. Interest still accrues during this period, so it’s important to understand the impact on your future repayments or loan term. Always discuss the details with your broker before deciding.
Has anything changed with loan applications or approvals?
Lender policies can change from time to time. Factors like employment type, industry, and credit history may affect how an application is assessed. Your Champion Broker will help you understand current requirements and guide you through the process.
What if I can’t meet my broker in person?
No problem! Our brokers are available via phone, email, or video call — whatever works best for you. You can book a time online or request a call back.
How do I verify my ID for a loan application?
If you’re unable to meet someone in person to verify your ID, many lenders now accept digital verification methods. Your Champion Broker will walk you through the process and let you know what documents are required.
Do lenders update their credit policies often?
Yes. Lenders may adjust their credit policies depending on the economic climate and industry outlook. That’s why working with a Champion Broker is so valuable — we keep track of changes across multiple lenders to find the best solution for your situation.
Are Champion Brokers open for business?
Absolutely. Our brokers are available and ready to help you, whether over the phone, email, or through a virtual meeting.
How does a virtual meeting with a Champion Broker work?
It’s simple — choose a time that suits you, and we’ll connect via phone or video. You’ll receive the same professional guidance and support as you would in person.
👉 Still have questions?
Contact Us to speak with a Champion Broker today.
