FrontRunner Mortgage Group
Nepean
More Lenders… More Options… More Solutions
About
FrontRunner was established in March 2001 and is one of the oldest Finance Broking Companies in Australia. Since then, we have assisted thousands of clients to purchase their first home, upgrade to a bigger home, purchase their first investment property and in many cases purchase multiple investment properties.
Think of your Mortgage Broker as a professional resource in the same way you think of your Accountant, Financial Planner or Solicitor. We are in the business of building ongoing relationships with you and we will always seek outcomes that are in your best interests, not those of the banks.
When you call FrontRunner, you will speak to a Licenced Broker not a call centre. We will guide you through the lending process and if you would like to arrange an appointment, this can be done at a time and place that suits you. We will compare the various loan products available from our extensive panel of over 40 of Australia’s leading lenders to ensure that you get the right product for your individual requirements.
Why Choose a FrontRunner Mortgage Broker?
At FrontRunner our brokers work for you and not the banks. It is our job to navigate the hundreds of loan products and use our experience and accreditation with over 40 of Australia’s leading lenders to negotiate the most suitable solution for every client’s unique situation. We will work through the loan process so you can sit back knowing a trusted professional is managing your loan from application through to settlement and beyond.
Best of all, at FrontRunner we do not charge our clients brokerage fees. That’s right, our service is free of charge to you as our job is to keep the money in your pocket and not take it out.
FrontRunner’s Mortgage Brokers must comply with the National Consumer Credit Protection Act 2009 (NCCP) and the Best Interest Duty (BID). Therefore, they are legally required to always act with honesty, transparency and in your best interests and place your interests above those of any lender, related parties, or our aggregator, Connective.
Additionally, Mortgage Brokers wrote a record 67 per cent of all new residential home loans in the September 2021 quarter, according to the Mortgage & Finance Association of Australia (MFAA) data.
Our Team
David Hinde
Dip FS (MBMgt), MFAA Credit Advisor, JP.
Australian Credit Licence No: 391307
0419 267 291
To view my Credit Guide and Privacy Statement click here
David has over 36 years experience in the banking and finance industry having originally worked for a major bank before moving into the mortgage broking industry in 2001.
David has completed the Certificate IV in Financial Services (Financial/Mortgage Broking) and the Diploma of Financial Services (Finance/Mortgage Broking Management) as well as having been a Justice of the Peace for over 33 years. He is also a full member of the Mortgage & Finance Association of Australia (MFAA).
Over the years David has assisted hundreds of customers achieve their dreams, whether it be their first home or the purchase of an investment property with a minimum of fuss and anxiety.
David will act in your best interests and place your interests above those of any lender, himself, related parties, or our aggregator, Connective. With a panel of over 40 of Australia’s leading lenders including those not directly available to the public, you can be assured of truly unbiased service and finding the loan that’s right for you, both now and in the future.
David is available 7 days a week and would be happy to meet with you at a mutually convenient time and place. So, call him now to arrange your free loan assessment and consultation.
Henry Hinde
Dip. FMBM, JP.
Credit Representative No: 532503
0467 549 007
To view my Credit Guide and Privacy Statement click here
Henry is an enthusiastic Mortgage Broker who joined FrontRunner Mortgage Group in 2020. He has completed the Diploma of Finance and Mortgage Broking Management as well as being a Justice of the Peace since 2020. Furthermore, Henry is a full member of the Mortgage & Finance Association of Australia (MFAA).
Henry has assisted many clients with the purchase of their first home, buying an investment property and helped them save thousands of dollars in interest through refinancing their existing home loans into more competitive loan products.
As a mortgage broker, Henry will act in your best interests when recommending a home loan, whereas a lender has no legal obligation to do so. He is accredited with over 35 of Australia’s major and non-conforming lenders, so you can rest assured knowing that Henry will work tirelessly to find the loan product most suitable for you. It is Henry’s passion to explore all possible solutions to ensure no leaf is left unturned when finding your home loan product.
Henry is always just a phone call away so please do not hesitate to call him at any time to discuss potential loan scenarios or if you have any lending questions or queries. He is also available 7 days a week and would be happy to meet with you at a time and place that is convenient for all parties.
Loans
All of our Brokers are extremely experienced with every aspect of borrowing, and we will guide and assist you through the entire home loan process.
Common Loan Types
Standard Variable Rate Home Loan
A home loan with regular weekly, fortnightly or monthly repayments which will reduce the loan balance and repay it over the term of the loan (usually 30 years). Standard Variable Rate Loans are usually the most flexible in terms of repayment options and provide access to any additional loan repayments you have made via a redraw facility. They are usually part of a “Package Home Loan” which provides substantial rate discounts for the life of the loan as well as an offset account.
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Package Home Loan
A Package Home Loan provides some additional products that complement the home loan. The additional products are usually an offset account and a credit or debit card. Package Home Loans also benefit from an interest rate discount for the life of the loan. The loan amount and the percentage of the property price that you borrow usually determines the amount of the interest rate discount.
Basic Home Loan
Basic Home Loans are, as the name implies, a basic no frills product. They offer a competitive interest rate, no ongoing fees and the ability to access loan payments that are in advance via a redraw facility, but do not offer an offset account or credit card.
Fixed Rate Home Loan
A Fixed Rate Home Loan means that the interest rate is fixed at an agreed interest rate for an agreed term (usually 1 to 5 years). Your interest rate and loan repayments will not change during the term should the lender change their interest rates. Fixed rate loans provide protection against rate rises and provide you with peace of mind knowing that your repayments will not increase during the fixed term. Whilst we believe that fixed rate loans can be a great option, there are numerous features about this product that need to be considered before taking out a fixed rate loan. We make a point of covering each of these features in more detail at the interview.
Investment Home Loan
When you decide to invest in property it is important to engage the services of a professional, licenced Mortgage Broker to ensure that the finance is structured correctly. Our Brokers are all experienced in this form of lending and will assist you and work closely with your Accountant or Financial Planner to determine the best loan product and structure for your particular circumstances.
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Family Guarantee Home Loan
Family Guarantee Home Loans are great products for anyone looking to maximise the amount that can be borrowed against their own property by using a guarantee from a family member (usually a parent, grandparent, sibling or son or daughter of the borrower). The loan will be secured by the borrower’s property and a limited guarantee from the family member. The guarantee is supported by a registered mortgage over the family member’s property. In most instances, these types of loans can help the borrower avoid paying Lenders Mortgage Insurance, which can save them thousands of dollars.
First Home Buyers
As a first home buyer, you may be entitled to various state government grants, schemes and stamp duty exemptions. We will ensure that we explore these entitlements for you and help you complete the grant application. Where applicable we will lodge the grant application with the lender on your behalf, so the funds are available at settlement.
Pre-Approvals
Pre-Approvals allow you to have a loan approved in principle so you can look for your ideal property with the peace of mind knowing your finance has already been approved (usually only subject to a satisfactory valuation). Having your loan pre-approved eliminates the urgency of applying for a home loan after having found a property to purchase.
Refinance / Debt Consolidation Loans
Refinancing your existing home or investment loan and / or consolidating other smaller debts such as personal loans, car loans and credit cards into one easy to manage, more competitive home loan may save you thousands of dollars over the life of your loan. We can help you with this process to ensure that your money is working for you in the most efficient manner.
Construction Loans
A Construction Loan gives you access to the loan proceeds via progress payments that are paid to your builder as they complete the different stages of construction. This is an economical way to fund the construction or renovation of your property as you will only be paying interest on the funds drawn down until the final progress payment is made. When the final progress payment is made, the loan repayments will revert to P&I repayments unless you have specifically requested a longer interest only term.
Reverse Mortgages
If you are over the age of 60, own or have significant equity in your own home and would like to experience a more comfortable retirement you can use a reverse mortgage to borrow against the equity in your home without having to sell it. Some of the benefits of reverse mortgages include, no regular repayments, compounded monthly interest and no requirement to pay anything until the end of the loan. There are also assurances with reverse mortgages that protect you as the client. The lifetime occupancy clause ensures the client can live in their home for as long as they wish and a guarantee that the loan amount required to be repaid will never be greater than the sale proceeds of the property.
To view the Reverse Mortgage Information Statement click here.
SMSF Loans
A Self-Managed Superannuation Fund (SMSF) can borrow funds via a Limited Recourse Borrowing Arrangement (LRBA) to purchase either residential or commercial property (a single acquirable asset). These loans are a little more complex than traditional loans and involve the trustee of the SMSF taking out a loan (LRBA) to purchase the asset that is then held in a separate trust (bare trust) on behalf of the SMSF until the loan is repaid. Once the loan under a LRBA is paid back, the SMSF trustee has two options; it can retain the property in the bare trust, or it can transfer title to the property from the bare trust to the SMSF.
Business Loans
We have a panel of lenders that specialise in both long and short-term, secured and unsecured business loans. Whether you are looking to purchase a new business premises, fund new stock purchases or require cash flow assistance, we have a lender that will provide you with a suitable solution.
Asset Finance / Personal Loans
QuickAF is an asset finance tool available to our brokers through our aggregator Connective. If you require a personal loan, car loan or equipment finance our brokers can put you in contact with the QuickAF team who will assist you with this.
Common Loan Features
Principal and Interest Payments
Principal and Interest (P&I) repayments mean you are paying both the interest your loan accrues as well as a portion of the principal balance you have borrowed from the lender. This is the most common repayment type for owner-occupied borrowers as you are reducing your loan balance with each repayment you make. Finally, P&I repayments usually have lower interest rates when compared to Interest Only loan repayments.
Interest Only Repayments
Interest Only repayments are exactly as the name suggests, you will only be making repayments equal to the interest accrued over that period. You will not be reducing the principal balance, this means your repayments will be lower than if you were paying off both the principal balance and the interest. Although this does mean that your repayments will be higher once the interest only period has expired (generally 1-5 years) as you will then need to start paying more to pay back the principal and interest balance within the specified loan term. Interest Only repayments are generally more popular among investors and for investment loan types.
Extra Repayments & Redraw Facility
Once you are in the swing of making your required minimum loan repayments you may wish to start making extra repayments to help reduce your overall loan balance and payoff your loan quicker. If your loan product has a redraw facility, you can access the extra repayments by taking back or ‘redrawing’ up to the amount of the additional repayments you have made. A redraw facility is extremely helpful as it allows you to make extra repayments whilst still having access to those additional repayments if required for an unexpected bill or any other worthwhile purpose.
Offset Account
An offset account is an everyday transaction account that is linked to your home loan. You can make deposits into this account and withdraw money as you would with any other transaction account. The benefit of the offset account is that the balance of the account ‘offsets’ against the balance of your home loan. For example, if you have $500,000 outstanding on your home loan and deposit $100,000 into your offset account you will only be charged interest on $400,000 rather than the full $500,000 for as long as the $100,000 is in your offset account. This is a popular feature for many clients who often like to have their salary deposited into the offset account in order to reduce the amount of interest paid over the life of their loan whilst still having access to these funds via the offset transaction account.
Other Services
ALI My Protection Plan Insurance
An important part of our specialist service is offering ALI Group’s My Protection Plan. My Protection Plan is designed specifically for homeowners to assist financially should life throw a curveball. You can dial up or down the level of cover to suit your shifting circumstances, benefits are paid directly to you or your beneficiary, and the application process doesn’t include medical questions and takes only a few minutes. My Protection Plan is more affordable than you might imagine, ask us for more information today.
Deposit Bond
A Deposit Bond is an instrument that can replace the need for a cash deposit. They are particularly useful for buyers who do not have a cash deposit such as investors using the equity in their home to purchase an investment property, buyers purchasing “off the plan” or using a Family Guarantee Home Loan. FrontRunner is an accredited issuer of Deposit Bonds and can take care of this for you if required.
Allianz Insurance
Allianz Insurance offers Home, Contents and Landlord Insurance. With just a click of a button we can have someone from Allianz get in contact with you to discuss all your insurance needs.
Premium Car Search
Premium Car Search offers an Australia wide car finding service to our clients, if you are looking to purchase a new, pre-owned or commercial vehicle. Premium Car Search work with us to meet our client’s car buying needs. It also allows us to assist you with getting the most suitable loan for your car finance needs.
Premium Car Search can offer our clients:
- Premium Customer Service
- Comprehensive industry knowledge
- Vehicle sourcing for new or pre owned vehicles
- Valuation and trade of a current vehicle
- Scheduled test drives
- Delivery of your vehicle to your door
- Australia wide service
Feel free to contact us for more information.
Frequently Asked Questions
Contact Us
When we help you with your borrowing needs, we consider you to be a client for life. We want you to be confident that you are working with someone who has your best interests in mind now and in the long term.
The team at FrontRunner has many years of experience in finance and mortgage broking. Our aim is to find you the best loan for your needs and make the process as simple possible and totally transparent! Please get in touch with us today.