What is the cost?

Great news! There is absolutely NO COST in using Stones Throw Finance, our service is completely free to the customer, we are simply paid a commission by the bank when the loan settles.

What is the benefit?

At Stones Throw we have access to every bank and lender in Australia, with over 40 lenders and over 1400 products in our suite we are sure to find the right one for you. Many of these lenders on our panel are only available through a broker and cannot be accessed directly. As we are not paid a salary nor incurring the cost of an office, uniform, computer etc. as a branch lender does we can offer lower rates than going direct to your bank most of the time. Also, we understand that everyone has a unique set of circumstances and hence a certain lender maybe best suited to grow your business or align your financial goals.

How much deposit do I need for a house?

The minimum deposit required to purchase a house is 5% genuine savings, the key requirement being the funds in your own account for at least 3 months. In addition to this deposit you must have enough funds to cover purchase costs such as solicitor, government and potentially lenders mortgage insurance.

Many lenders offer a family guarantee if someone in your immediate family has sufficient equity in their property to guarantee a portion of the loan to ensure you do not have to pay mortgage insurance.

If you have less than a 20% deposit lenders mortgage insurance may apply, to find out more please contact Stones Throw Finance.

If I am self employed, do I need two years’ tax returns completed for a home loan?

Many banks allow 1 year of completed tax returns for a home loan, which makes it a lot easier! There are still a few lenders that offer a true ‘low doc’ policy which can assist if financials are not available as long as you have a larger deposit – contact Stones Throw to find out more.

Is it cheaper and easier to get finance from a car yard?

A car yard does not have the benefit of multiple lenders, therefore the loan is very likely to cost you more. Don’t be fooled by a low interest rate, compare the repayments the yard offers you with the repayments offered through one of our panel lenders and you will see a huge difference. If you are self employed you can obtain equipment finance similar to home loan rates, usually without any need for financials and obtain an approval on the spot.