We Know Home Loans Better

Finding home loans with expert advice has never been so easy!

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Competitive Home Loans Mortgage Rates from 1.89%*

In the Australian funding market, thousands of home loans 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 for finding the 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 in 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.

*comparison rate is 2.94% p.a. fixed rate for 2 years owner occupied. All  mortgage rates are subject to change as per lender’s policy. Last updated on 22/02/2021

Request A Home Loan Quote

    How We Create Value for Your Home Loans

    We work with you at your convenient time and place!

    It’s all about understanding your needs, 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 loans features, fees, charges, and policy would help you make an informed decision.

    Once you agree, we will look after the paper works. Then, we will help you to prepare the application. Also, guide you throughout the entire process.
    After submitting your home or business loans application, we will continue follow-up with the lender. Also, provide you with a regular status update.
    After receiving the approval of your home or refinance loan, we will inform you and continue to be in touch till the settlement.

    How to Get Quotes for Home Loans

    It’s Simple! Send us your home loan request, and we’ll be in touch shortly!

    Home Loan Request

    Document Checklist!

    Here are some of the documents you may need while applying for home loans.

    • Proof of Identification

      Any of your photo IDs

    • Proof of Income

      Latest payslips or tax returns or bank statements for other income

    • Proof of Savings

      Latest bank statements as evidence of genuine savings

    • Debt and Expenses

      Latest credit card or bank statements and other loan statements

    First Home Buyers

    Let us guide you through to get your first home loan approved fast. So, you can have it right in time before purchasing your first dream home!

    We help you with-

    Free expert advice to identify your objectives to headway to your first home loan
    Analyse your financials and calculate borrowing capacity to service your first home loan
    Research and compare vast range of loan products to find suitable home loan towards first home owner
    Help you to understand the loan features, options, fees and charges related to home loans
    Full admin and customer care support throughout your home loan process till final settlement
    Book a Free Appointment
    – Australian Government Initiative

    First Home Loan Deposit Scheme

    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 from 1 January 2020, two major banks and other non-bank lenders will provide these home loans for first-time buyers per year. 

    Contact Us to find more

    First Home Buyers FAQ

    How much money can I borrow?

    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.

    How much savings or deposit do I need?

    The amount of savings or deposit 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.

    What is LVR?

    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 loans repayments.

    What is LMI?

    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 brokers can help you to understand, explain the LMI costs and how this may impact your home loan?

    What is Variable and Fixed Interest Rate?

    The variable interest rate fluctuates over mortgage loan term according to the market index. Certainly, it offers flexibility and comes with advantages like the option to lower repayments, faster paying 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 rates 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.

    How to choose a right home loan?

    With immense competition, undoubtedly, a range of home loans products is widely available in the market. However, the catch is to choose the right one. Before selecting the home loan, try to understand your loan objective and your financial situation towards loan qualification.

    At Finmortg Brokers, we do a full assessment and run exclusive home loans qualifier software to find a suitable home loans deal. We compare hundreds of loan products offered by our panel of lenders. Most importantly, all these pre-works are free of cost!

    What Our Clients Say!

    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.

    Dr. Naveed
    Medical Professional

    Excellent service. The team looked after my car loan application and got a quick approval within a day. Highly recommended!

    Riz
    Uber Driver

    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!

    Troy
    Business Owner

    Get Your Free Home Loan Consultation

    Send us your home loan query. We’ll organise a free appointment with our home loan experts at your convenient place and time!

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