Colin McAlister
(MANAGING DIRECTOR)
After 46 years in the business, including 25 years as Vice President of Operations at a major US financial services company, he knows how to make your money work for you.
Managing Director, Colin McAlister describes himself as a ‘people person’, and prides himself on exceeding customer expectations. He also thrives on developing clients along a career or financial path.
As a Nectar broker, Colin has access to more than 40 lenders across Australia and can help you complete all of the required documentation, including a First Home Owner Grant application if it’s available to you. He’s able to work with you on all forms of finance and insurance products.
“I think it’s important to really look after the customer, both the ‘front end’ when finding the best mortgage for them, but also throughout the borrowing life cycle, to make sure their needs are being met and they feel happy and confident.”
Products we offer include:
Fixed
A fixed home loan has a fixed interest rate and a fixed monthly repayment amount. The fixed period usually ranges from between 1 and 5 years. At the end of the fixed period the loan will usually either convert to the standard variable rate, or you could choose to negotiate a new fixed term.
Variable
The interest rate on these loans will vary depending on the interest rate movement set by the reserve bank and whether or not the lender passes these rates on. Therefore payments may rise or fall in line with these changes. However, there are usually no penalties for repaying the loan quicker and can offer increased flexibility and additional features.
Split
Is where part of your mortgage is fixed and part remains variable. You choose the amount you wish to fix. The variable component will be subject to increased and decreased repayments in accordance with any fluctuation in interest rates.
Interest Only
Interest only periods are normally set between 1 and 5 years. In this period only the interest portion of the repayment is made. Therefore the principal balance of the loan does not decrease. At the end of the Interest Only period, the repayments revert to principal and interest and will therefore increase.
Line of Credit
A line of credit is released against the equity in your property. This allows you access to these funds at a rate cheaper than a personal loan or a credit card.
Low Doc
These loans require no financial statements or tax returns, and only require a declaration of income. However, because of this they will generally have a higher interest rate.
Redraw Facility
Allows you access to any additional repayments you have made over the minimum monthly repayment.