How to get the best mortgage rates on home loans in the Australian funding market where thousands of home loan products are available to choose from? So, finding suitable home loans and getting approval just at the right time is overwhelming and confusing.
Finmortg Brokers is here to make your home loan process easy. Therefore, we help you to navigate suitable home loan deals.
Whether it’s the competitive mortgage rates or finding suitable features, we are experts and specialise in home loans or refinance deals.
Our expert helps to find home loans according to your goals and financial circumstances. Therefore, we compare a vast range of home loan products and negotiate the deal to match it perfectly.
Most importantly, our team will look after the paperwork and continue support until the final settlement to serve your best interest.
Certainly, all these services are FREE OF CHARGE. Finmortg brokers get paid a commission by the lender when you receive your home loan.
*All mortgage rates are subject to change as per the lender’s policy. Last updated on 07/01/2023
We work with you at your convenient time and place!
It’s all about understanding your needs, and objectives in assessing your borrowing power and capacity to repay the loan.
We compare hundreds of home loans or refinance products to find a suitable solution that matches your needs.
We explain how home loan features, fees, charges, and policies would help you make an informed decision.
It’s Simple! Send us your home loan request, and we’ll be in touch shortly!
Here are some of the documents you may need while applying for home loans.
Any of your photo IDs
Latest payslips or tax returns or bank statements for other income
Latest bank statements as evidence of genuine savings
Latest credit card or bank statements and other personal loans statements
Let us guide you through getting your first home loan approved fast. So, you can have it right in time before purchasing your first dream home!
Find your eligibility and suitable lender to get your first home loan with only a 5% deposit out of 10,000 guaranteed home loans.
Commencing on 1 January 2020, two major banks and other non-bank lenders will provide these home loans for first-time buyers per year.
The amount you can borrow may vary from lender to lender. However, it is mainly determined by your financial situation. To clarify, your income, current savings, credit history and expenses etc., are the key factors to calculate your borrowing capacity to repay your home loan.
Certainly, it pays good value if you research and compare home loans. Finmortg brokers help you run a complete individual assessment of your financial situation and arrange a loan that suits your objective.
The amount of savings or deposits mainly depends on the lender’s lending criteria, the loan amount and purpose etc. But, generally, a minimum of 5-10% (with LMI) of the purchase price is required as a deposit if you are applying for owner-occupied. So, the good news is that the lending market is very competitive. Certainly, it is possible to find a good deal with flexibility in savings or deposits that match your financial circumstances.
LVR stands for Loan to value ratio. So, it is the percentage of the money you can borrow against the property’s value being used as security. For example, a property valued at $750,000 against which you’d like to borrow $500,000. Therefore, your LVR is 66%. However, a higher LVR generally means a higher risk to the lender. Consequently, the lender may add LMI, and you may have higher home loan repayments.
LMI or Lenders Mortgage Insurance is a one-off insurance payment. It protects the lender if you ever default or are no longer able to make your repayments. LMI is commonly paid when your LVR is higher than 80%. Importantly, its premiums can vary depending on the LMI provider. Remember LMI should not be mistaken for Mortgage or debt Protection Insurance which covers your mortgage repayments in the event of death, sickness, unemployment or disability.
Our expert mortgage broker can help you to understand, and explain the LMI costs and how this may impact your home loan.
The variable interest rate fluctuates over the mortgage loan term according to the market index. Certainly, it offers flexibility and comes with advantages like the option to lower repayments, faster pays off the loan, redraw facilities, offset accounts, etc.
While A fixed rate allows you to lock the interest rate (typically for 1 to 5 years), this safeguards your risk against interest rate volatility and gives you greater peace of mind. However, you may need to pay a break fee to exit the fixed period early.
Finmortg, a Sydney-based mortgage broker, can help you search for home loans, assess your needs and weigh up your options. So, you can select your suitable home loans.
With immense competition, undoubtedly, a range of home loan products are widely available in the market. However, the catch is to choose the right one. Before selecting a home loan, try to understand your loan objectives and your financial situation towards loan qualification.
At Finmortg Brokers, we do a full assessment and run exclusive home loan qualifier software to find a suitable home loan deal. We compare hundreds of home loan products offered by our panel of lenders. Most importantly, all these pre-works are free of cost!
We really love how each and everyday clients share their positive experiences.
Trusted mortgage broker. Very knowledgeable and provided full support for refinancing and construction loans.
Excellent service. The team looked after my car loan application and got quick approval within a day. Highly recommended!
The finance broker helped me get asset and equipment finance for my business just at the right time for the second time in a row. Very happy!
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Authorised Credit Representative Number 493191, ABN 32 623 820 416 T/A Finmortg Brokers is an Authorised Credit Representative of National Mortgage Brokers Pty Ltd(ACN 093 874 376/ Australian Credit License 391209)
The content and information in this website is general in nature only without taking into account any personal circumstances. Finmortg Brokers does not warrants the accuracy, reliability or completeness of information contains in this website and not liable for any error or omission on the website material or for any resulting loss or damage suffered by the recipient or any other person.
