Is pre-approval an approval?
No. It is a working indication subject to its conditions, expiry, your circumstances, and property-specific checks.
Read the guide →Mortgage questions, answered plainly
Short answers for common questions. Open the linked guide when you need the evidence, trade-offs, or limitations behind the answer.
General education onlyShould I choose a fixed or floating rate?
They trade repayment certainty against flexibility. Compare the written terms, fixed expiry, break costs, extra-payment rules, and your cash-flow needs.
Read the guide →Where can I see current mortgage rates?
MoreGage publishes only dated, manually reviewed snapshots. Use the bank links on the rate page to confirm the current offer and eligibility.
Read the guide →Do credit-card limits affect a mortgage?
They can affect the questions or assessment even when a balance is low. Ask the lender how it treats each limit and BNPL account.
Read the guide →See the effect of commitments
Start with an illustrative $500,000 lending position. Move the sliders to see how a credit-card limit or other monthly loan payments could reduce the amount in this simplified example.
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Illustrated lending position$497,000
- Starting position
- $500,000
- Illustrated reduction
- $3,000
At the default $1,000 card limit and no other repayments, the illustration is $497,000—a $3,000 reduction.
Illustration only. This uses the existing MoreGage testing assumptions: $3 of assessed impact per $1 of revolving limit and $120 of impact per $1 of monthly committed repayment. Real lender calculators and policies differ.
Should I use a mortgage broker?
A broker may compare lenders on their panel and help organise the application. Ask how they are paid, which lenders they cover, and for their disclosure information.
Read the guide →What should I check before making an offer?
Have the agreement and proposed conditions reviewed, and allow time for finance, valuation, insurance, title, LIM, building, and other property checks.
Read the guide →MoreGage does not provide financial advice, lending assessment, approval, or a product recommendation. Confirm current terms with the relevant lender or qualified professional.