Why would I use Aden Finance instead of a bank?

Aden Finance offers competitive products and interest rates and will always strive to provide a positive and rewarding experience. Unlike a bank, we provide a personalised service where you can ask for someone by name.
-1.More choice The biggest advantage of a Aden Finance broker over a bank is choice.When you sit in front of a broker you are sitting in front of 10+ banks and 50+ products versus visiting a banker who has access to only one bank’s products. This is especially important at time like now, when the banks are saying ‘no’ more, and by having more choices you’re likely to get a ‘yes’.
-2.Experience
Aden Finance brokers often are committed to their clients in the long term, with many years of industry experience.
-3.Less chance of refusal
If you’ve been refused a mortgage by one lender, you won’t necessarily be refused by everyone. But knowing what lenders are more lenient and what lenders are very strict, and in which areas, requires more than just a comparison of their websites. All lenders have different credit policies and overarching restrictions on who they’ll lend to. By engaging a broker with specialist knowledge of lender policies, you significantly reduce the risk of being refused a home loan.
-4.Follow Up
-5.Save time
A quality mortgage broker will do all the legwork on your behalf. This includes liaising with lenders, conveyancers, settlement agencies, real estate agents, builders — the lot.
-6.FREE Get expert advice at no cost to you.

What is the difference between fixed and variable rates?

A fixed interest rate will not change during the fixed period. During the fixed period the borrower knows their repayments will remain unchanged. A fixed rate loan is advantageous if variable interest rates rise. When variable interest rates rise, a borrower with a fixed interest rate is relatively better off because their rate will remain unchanged.
A variable home loan interest rate moves up and down with market interest rates. One of the determinants of variable home loan interest rates is the cash rate set by the Reserve Bank of Australia.

What is a split loan?

A split loan allows you to borrow part of your mortgage on a fixed interest rate and the remainder on a variable interest rate – all under the one loan product.Common split loan ratios are 50:50, 70:30 or 60:40 over a two-way fixed and variable rate.
This tactic can provide a wealth of advantages: borrowers have the flexibility of variable terms and the repayment security of a locked-in rate. They can also retain loan features important to them, such as making additional repayments, redraw facility or linked offset account.