With our expert advice and a panel of over 30 lenders, Dark Horse Financial helps clients get the right home loan and reach exceptional financial outcomes.
Whether you’d like to pay off your home as quickly as possible or build an investment portfolio of multiple properties, our experience has shown that a tailored finance solution is the cornerstone of realising your financial goals. When approaching a bank, clients are presented with products and do not receive advice that suits them, their needs or their goals.
We look at the whole lending market, rather than just one bank, and tailor our finance solution to strategically help you reach the best outcome for your situation.
Here at Dark Horse Financial, we pride ourselves on building long-term relationships with our clients to help guide them to success. Your advisor is there to help you from initial information gathering, to loan application right through to settlement. Along the way there are a few steps you will go through:
Contact our expert team at Dark Horse Financial to book your free home loan health check today.
Funding costs typically influence lending rates. When these costs go up, most lenders — including the major banks — pass the increase in funding costs through to their home loan customers in the form of higher rates. We saw during the GFC this kind of increase impacts each lender differently depending upon their sources of funding.
The larger banks are able to rely on deeper pools of funding from deposits, and this partially protects them from these increases. If you notice these lenders increase term deposit and savings rates it could be they’re trying to raise increased deposit funds. But as speculation on variable home loan rates is just that, speculation, many of our clients ask us if they should fix all or a portion of their home loan.
Fixed rate loans are funded in a different way than variable rate loans.
The funding cost for a fixed rate loan is locked in by the lender for the same amount and term. This protects both the lender and the borrower from movement in funding costs. Many of our clients fix a portion or all of their home loans regularly if they can’t see the variable-rate going down and staying down below the current fixed rate offers over the next 3 years.
Fixed vs variable is a personal choice that should be decided upon only when you fully understand your needs. There are pros and cons for both options, so it’s about finding what works best for you.