Your Journey, Our Direction

As one of WA’s leading mortgage brokering companies, trust Peard Finance to guide you on your finance journey and accurately compare the home loan market for you.

Get in touch with one of our mortgage brokers today!

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How can we help?

Frequently Asked Questions

How can a Mortgage Broker help you?

A Mortgage Broker acts an intermediary between a borrower and a lender, negotiating the loan on your behalf and helping you to find the right home loan for your needs.

We listen to you so that we can determine a suitable loan product to match your financial goals.

  • First Home Buyer loans with low deposits;
  • Construction loans;
  • Investment loans;
  • Home to Home finance (also known as Bridging Loans);
  • Low Doc Loans for self-employed clients;
  • Debt Consolidation Loans;
  • Loans for clients with impaired credit history;
  • Australians living overseas and Non-Resident loans; and
  • Non-conforming loans for borrowers with unusual circumstances, including adverse credit history.

We’ll also explain the differences between interest only loans and principal and interest loans; the implications of “economic break costs” on fixed rate loans; honeymoon rates; package discounts and low rate, no frills loans.

We can also arrange business loans at home loan interest rates, which is not something many lenders offer. Of course, all lending proposals must meet the prevailing credit criteria and lending policies, which are different for each lender. Our access to the Flex software enables our Finance Consultants to navigate these areas quickly and easily, saving you time by assessing your eligibility prior to lodging a loan application.

How much does our service cost?

Our home loan service comes at no cost to you as we are paid by the lender by way of commission. We are completely transparent with all commissions, which are fully disclosed to our clients. 

When should I see a Mortgage Broker?

Whether you are starting out with your first home, upgrading to a new home, refinancing or building an investment portfolio, now is a good time to see your Peard Finance mortgage broker. We can advise of the vast amount of mortgage options on the market to find a loan for you.

What happens next?

When you meet with a broker, we will discuss your individual circumstances and mortgage needs. We will then use our specialist mortgage software to compare hundreds of home loans to find the one that's right for you.

How does Peard Finance uphold compliance?

Alvarino Pty Ltd trading as Peard Finance is the holder of Australian Credit License Number 415832 as issued by the Australian Securities and Investments Commission (ASIC). We are a business that provides solutions based outcomes to all our clients to assist them with their lending requirements.

It is of high importance to us that we always uphold the very best professional standards in relation to conduct and compliance when assisting our clients. Our team of dedicated members are qualified, trained and experienced and adhere to all the requirements of ASIC in their roles as Industry Professionals.

Responsible Lending

To comply with our responsible lending obligations as a licensee, Peard Finance must not enter into a loan with a consumer, suggest a loan to a consumer or assist a consumer to apply for a loan if the credit contract is unsuitable for them. To ensure compliance with our responsible lending obligations, and depending on the circumstances, Peard Finance will:

  1. Make reasonable inquiries about the consumer's requirements and objectives in relation to the loan;
  2. Make reasonable inquiries about the consumer's financial situation (i.e. to determine whether the consumer has the capacity to repay the loan); and
  3. Take reasonable steps to verify the consumer's financial situation
  4. Produce and retain a copy of our preliminary credit assessment
  5. Immediately as practical, upon request, provide the consumer with a copy of both the preliminary credit assessment that the loan writer has produced and the preliminary credit assessment produced by our loan writing software.

Internal Dispute Resolution (IDR) Procedures

Peard Finance has adopted the Mortgage and Finance Association of Australia (MFAA) example of IDR procedures. Peard Finance review those procedures annually to ensure they remain appropriate for our business and to adopt any changes made by the MFAA to these procedures. Our customers are informed of our dispute resolution procedure and information about it also appears about it on this website at the IDR & EDR Process tab.

Am I eligible for the First Home Owners Grant (FHOG)?

If you are buying or building your first home, you may be eligible to apply for the First Home Owners Grant (‘FHOG’).

If you are buying or building your first new home, you may be eligible to apply for the first home owner grant (‘FHOG’). Administered by the Office of State Revenue, the FHOG scheme provides a one-off payment for eligible applications. There are no income or assets tests to qualify for the FHOG.

First home owners buying or building a new home may apply for a grant of up to $10,000. Contracts signed between 1 January 2017 and 30 June 2017 may be eligible for an additional boost payment of $5,000.

First home owners entering into a contract to buy an established home on or after 3 October 2015 will not be eligible for the FHOG. However, first home owners buying an established or new home, or building a new home, may be eligible for the First Home Owner Rate (‘FHOR’) of duty.

The current FHOG applies to new residential dwellings only and does not apply to established homes, vacant land, business premises, holiday houses or minor renovations to an existing home. Where a first home owner purchases a home that has undergone substantial renovations, they may be eligible to apply. Please refer to the First Home Owner Rate of Duty fact sheet for further information.

Eligibility for the FHOG

To be eligible for the FHOG, applications must satisfy the following eligibility criteria: Each applicant must be a natural person (i.e. not a company or trust) 2. Each applicant must be 18 years of age or over at the date of making an application. 3. At least one of the applicants must be an Australian citizen or permanent resident at the date of making an application. Each applicant and/or their spouse4 cannot have previously received a FHOG or FHOR of duty under this scheme. Each applicant and/or their spouse cannot have owned residential property anywhere in Australia before 1 July 2000. Each applicant and/or their spouse cannot have previously owned residential property anywhere in Australia on or after 1 July 2000 and occupied that property as a place of residence before 1 July 2004. Each applicant and/or their spouse cannot have previously owned residential property anywhere in Australia on or after 1 July 2000 and occupied that property as a place of residence for a continuous period of at least six months that began on or after 1 July 2004. Each applicant must occupy the home as their principal place of residence for a continuous period of at least six months, commencing within twelve months of completion of the eligible transaction. Each applicant must have entered into an eligible transaction on or after 1 July 2000.

For more information on the FHOG please visit First Home Owners Grant

How important is insurance?

It may be advisable to arrange such insurances through your superannuation provider, so the premiums are paid from your superannuation savings, thereby providing tax advantages.

You insure your house, your contents and your car and even your mobile phone, but where would you and your family be without income protection insurance or worse, if they were left with a mortgage but no life insurance to pay it off in the event of death or total disablement of the primary income earner.

Without adequate cover you could lose everything you have worked so hard to get because of one simple oversight! We don’t want that to happen to you!

Our Team

Based in Perth, Western Australia, we have ACR's located in offices from Mindarie to Mandurah and we not only cover all of Perth’s metropolitan area but also regional areas, interstate and overseas. We make the process as convenient as possible by coming to you and meeting at a time that suits you.

If you want premium results then you need a premium service provider, so let us help you determine the best loans and lending structures for your individual needs. Our team are available to meet during the day, in the evenings and even on weekends, if that is what suits you best. Being mobile means we can bring all the banks to you in the comfort of your own home.

AFG Home Loans
AMP
ANZ
BOQ
BankWest
Citi
Commonwealth Bank
CUA Life Rich Banking
Homeloans
ING
Liberty
me
nab
Pepper
P&N Bank
St.George
SUNCORP
UniBank
Virgin
Westpac
Licensee Alvarino Pty Ltd ABN 45 108 269 870 | Australian Credit License: 415832