Your dream of your home is precious to you so is for us!

Often pursuing your home dream whether it’s your first, second or third home loans  can equally be daunting if the support is not aligned side by side.

Being it the competitive interest rate on the home loans or finding the flexible loan terms, Finmortg brokers are expert and specialised in finding the suitable home loans based on your need and objective.

We shop around, compare the vast range of home loans products and negotiate the deal, do all the paperwork and support you till the settlement of your home loan to serve in your best interest.

All these services are FREE OF CHARGE. Finmortg brokers get paid a commission by the lender when you receive your home loans.

HOW WE WORK FOR HOME LOANS

We are happy to work with you at your convenient time and place!

Our First Meeting

It’s all about understanding your need and objective and assess your borrowing power and capacity to repayment

Research

We compare hundreds of home loans products and find the suitable option that matches your needs

Presentation

We explain you all the fees, charges and obligation associated with your home loans to help you making an informed decision

Handling Paperworks

Once you agree, we look after the paper works and help you to prepare the application and guide through out the process

Follow-up

After lodging your loan application we continuously follow-up with the lender and provide you regular status update

Final Approval

After receiving the unconditional or full approval of your home loan, we inform you and continue to be in touch till the settlement

How to Apply for Your Home Loans

It’s Simple! Just email us at info@finmortg.com.au or hit the contact us button below and fill out your details.

KNOW MORE ABOUT HOME LOANS

Get our home loan tips and tricks from our free blog posts and articles

YOUR FIRST HOME LOAN

We make your first home loan smooth and easier so that you can fund your dream home at the right time without any hassle!

How We Can Help

  • Free expert advice to indentify your need and objective for your first home and other home loans

  • Analyse your home loans qualification and repayment capacity to service your first loan

  • Research and compare thousands of home loans products to find your suitable one

  • Help you to understand the loan features, options, fees and charges related to your first home loan

  • Full admin and customer care support throughout your home loans process to till final settlement

  • Other financial service supports to guide you in budgeting, saving and getting your finances sorted

First Home Buyer's FAQ

How much money can I borrow?

The amounts you may able to borrow are varying from lender to lender and mainly determined by your financial situation. Your income, current savings, credit history and expenses etc are the key factors that help the lender to identify your borrowing capacity.

Often it pays good value if you shop around and here we can help. Finmortg brokers help you to make a complete individual assessment of your financial situation and help you to arrange a loan that suits your objective.

How much savings or deposit do I need?

The amount of savings or deposit mainly depends on factors like lender’s lending criteria, the amount of home loans etc. Generally, a minimum 5-10% of the purchase price is required as a deposit if you are applying for owner occupied while a minimum of 10% of the purchase price for investment property. The good news is that the lending market is very competitive and often it is possible to find a good deal with less requirement of saving or deposit which may match with your circumstances.

What is LVR?

LVR stands for Loan to value ratio is the percentage of the money you want to borrow against home loans compared to the value of the property being used as security. Let’s say, a property valued at $750,000 again which you’d like to borrow $500,000 returns an LVR of 66%. A higher LVR generally means a higher risk to the lender. With a higher LVR, the lender may charge extra fees and sometimes you might have larger home loans repayments.

What is LMI?

LMI or Lenders Mortgage Insurance is a one-off insurance payment which protects your lender if you ever default or no longer able to make your repayments. LMI is commonly paid when your LVR is or higher than 80%. LMI premiums vary depending on the lender, loan and the LMI provider. Remember. LMI should not be mistaken for Mortgage Protection Insurance which covers your mortgage repayments in the event of death, sickness, unemployment or disability.

Our expert mortgage brokers can help you to understand, explain the LMI costs and how this may impact your home loan.

How Variable & Fixed rate are different?

Variable interest rate fluctuates over the period of loan term according to the market index. It offers flexibility and comes with advantages like the option to lower repayments, faster paying off, redraw facilities and so on. While A fixed rate allows you to lock the interest rate (typically for 1 to 5 years). This safeguard gives your greater peace of mind but may have restrictions on making additional repayments and may need to pay a large fee for ending the fixed rate period on your loan early.

Finmortg mortgage Brokers help you to identify and assess your needs and weigh up your options and choose the right home loans for you.

How to choose the right home loan?

With an immense competition in the marker, undoubtedly a range of home loans products are wide available in the market. The catch is to choose the right one. Before selecting the home loan, try to understand your loan objective, how strong are your financial situation and your loan qualification.

At Finmortg Brokers, we do a full assessment and run exclusive home loan qualifier software to help you to find the suitable home loans deal by comparing hundred of loan products offered by our panel of lenders. And the best part is, all these pre-works are free of cost!

Can’t find the solution you’re looking for? 0416 866 758