Whether you are buying your first home, purchasing an investment property, refinancing an existing property or simply looking to switch your current home loan and get a better rate, Arafura Finance Brokers tailor our service to your own needs.

With all the professionals under one roof, you’ll be guided smoothly through the entire process to help you find the right home loan.

If you’re on the hunt for a new home, the term ‘borrowing capacity’ is something you’ll want to familiarise yourself with.

It’s a crucial factor in the world of home loans, so let’s dive into what it means, how lenders determine it, and how it affects your finance application.

What is Borrowing Capacity?

Essentially, it is the maximum loan amount a lender is willing to offer based on your finances. 

It’s the key to your home loan application, determining the highest funds available for your property purchase.

Why choose a business finance broker? 

One of the biggest challenges of owning a business is ensuring you have access to capital to run and grow your business. Whether unexpected costs arise, or you need funding to purchase assets or invest in growth, a business finance broker will find the right solution to help you achieve your goals

An MFAA finance broker will: 

When you’re desperately trying to save up a deposit for a home and just see the prices of property climbing and climbing, it’s difficult to remain patient. But there is another way: a guarantor can help.

If you don’t have a substantial deposit for a home loan, there are still a number of ways to obtain credit. These are known as family pledges and there are two types available to borrowers: service guarantees and security guarantees.

Three Questions To Ask Before You Refinance Your Home Loan

The home loan market is constantly changing, with new and attractive deals coming up all the time. Refinancing can help you secure a more competitive interest rate, access the equity in your home, add features (such as an offset account) or consolidate your debts, but there are some important questions to consider before you get the ball rolling.