Step 2: Find out if anything will stop your bank from negotiating
So what allows you to get a lower interest rate?
- The bigger the loan, the lower the rate!
- Borrowing under 80% of the property value will get you a better rate with some lenders.
- Banks offer better deals on home loans than investment loans.
- Banks will offer a better rate to win a new customer which is why people refinance.
When will you pay a higher interest rate?
- Investment loans and interest only loans tend to have higher rates but some banks will still negotiate
- Some banks refuse to negotiate if you owe over 80% of the property value.
- Most banks will not negotiate the rate for low doc loans so it's often better to refinance.
- The bank may not have an appetite for your customer type, for example, if you're a non-resident, self-employed or you're a property investor.
- If you've missed payments on your debts, they'll refuse to negotiate so it's better to refinance.
- Banks don't offer their existing borrowers the best rates. They actually punish loyalty!
Do you need help to get a better interest rate? There are ways you can lower your repayment without refinancing. Give us a call on 1300 889 743 or fill in our free assessment form and our mortgage brokers will do the negotiating for you!
) [7] => stdClass Object ( [post_id] => 78510 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>At Home Loan Experts, we have mortgage brokers who are specialists in all niches. Plus, they’re legally obligated to act in your best interest. This means they’ll consider your financial situation and recommend loan products that are suitable for you. Our expert brokers regularly answer consumers’ most frequently asked questions about home loans. Check them out to get all the answers you need.
1. What Interest Rate Am I Eligible For, And What Is The Maximum Amount I Can Borrow?
The interest rates a lender will offer you and the amount you can borrow are affected by some of the same factors. Interest rates are affected by the official cash rate set by the RBA and each lender's own rates and lending policies. The stronger your home loan application, the better the rates lenders will offer you. The strength of your loan application is determined by how much deposit you can pay, your Loan-to-Value Ratio (LVR, the lower the better), what kind of credit rating you have, and other factors. How much you can borrow is also affected by the RBA’s decisions. The lender will assess your serviceability – your ability to repay the loan. Higher interest rates mean higher repayments and that means the more rates go up, the less you’ll be able to borrow. Other factors lenders will use to determine your serviceability include your credit history, income, expenses and other financial commitments. Check how much you can borrow through our borrowing capacity calculator.If you want to know how much money you can borrow from a certain lender, please get in touch with our mortgage brokers at 1300 889 743 or fill out our free assessment form.
2. What Government Grants Are Available? Can I Qualify For Any?
There are several government grants available to assist first-home buyers in Australia. As of 2023, some of the major national government schemes for first-home buyers include the Help to Buy Scheme, First Home Guarantee (previously known as First Home Loan Deposit Scheme), Family Home Guarantee, Regional First Home Buyer Support Scheme, and the First Home Super Saver Scheme. Eligibility for these schemes can depend on various factors, including your income, the property's value, the location of the property and whether you are a first-home buyer.
3. What Refinance Or First-Buyer Cashback Can I Get?
Lenders may offer cashback incentives to those who refinance. The amount of cashback offered can vary by lender and may depend on the amount you are refinancing. You can find all of the current offers on our refinance rebates page. Cashback offers are also available for first-home buyers. You can check for offers on our purchase cashback page.
4. Do I Have Any Equity In My Home?
This question is a common one for homeowners who are curious about the current value of their property and how much equity they have built up over time. Equity is the difference between the market value of your home and the amount you owe on your mortgage. To determine how much equity you have, you can have an appraisal done on your property or use our property equity calculator to estimate the value.
5. I Have Recently Been Employed. Do I Need To Be Three Months In This Job To Be Eligible For A Home Loan?
Many lenders prefer to see at least three months of continuous employment in the same job or industry before considering an application for a home loan. However, some lenders may consider less than three months if you can provide evidence of strong employment history and stability. It is important to note that each lender has its own criteria for assessing loan applications, and meeting the employment requirement does not guarantee approval.
6. Should I Consolidate My Personal/Car Loan Into My Home Loan?
Consolidating your personal or car loan into your home loan can simplify your debt repayments and lower your overall interest rate, but you may end up paying more interest in the long run. There may also be cashback options available depending on the type of debt.
7. Can I Buy/Build Property On A Temporary Visa?
In most cases, temporary visa holders will need to pay additional fees, such as foreign buyer surcharges and stamp duty, on top of the property price. Some lenders may require you to have a specific type of visa and a minimum period remaining on your visa before they consider your application. You may also need FIRB approval. Some temporary visa holders may not have a large enough deposit to purchase a property. In these cases, a mortgage broker can help them with a ‘prepare to buy’ plan.
8. Can I Get A Cheaper Rate As A Foreign Investor?
No, as a foreign investor, you may actually end up paying higher interest rates than Australian citizens and permanent residents. The Australian government imposes additional fees and taxes on foreign property investors, which can make it more expensive to obtain a mortgage.
9. Should I Go For Fixed Or Variable?
Whether a fixed or variable interest rate is best for you depends on your financial goals and current interest rate trends. A fixed interest rate provides certainty on repayments, while a variable interest rate can allow you to reap the benefits if interest rates fall. Additionally, variable-rate home loans often allow for unlimited extra mortgage repayments, whereas fixed rates generally allow, at most $5K-$10K a year.
10. Can I Apply For A Loan If I Have Been Part IX Debt Discharged?
If you've been Part IX (9) debt discharged, you may still be eligible to apply for a loan, including a land and construction loan. However, it's important to note that you may face higher interest rates and have fewer lender options available to you. In most cases, specialist lenders are the only ones who offer loans for individuals with a history of debt discharge.
) [8] => stdClass Object ( [post_id] => 33308 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Yes, you can. It’s quite common for couples to come into a relationship with one of them already owning a property.
Other couples choose to buy a property in just one name for asset protection reasons.
The problem is some banks won’t accept two borrowers, one owner and may knock back your home loan.
"Example of two owners, one borrower"
- A couple's home can be in just one name.
- A couple's investment property can sometimes be in just one name.
- Your business can borrow against a home owned by your partner.
- You can't borrow against a property owned by someone unrelated, except with a guarantor loan.
Do you need help finding a lender that will accept your loan structure?
Call us on 1300 889 743 or complete our free online assessment form and one of our specialist mortgage brokers will go through your options.
) [9] => stdClass Object ( [post_id] => 31076 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] => Use the interest only loan calculator to work how much more in interest you’ll pay over the life of your home loan by choosing interest only. This can help you make a better decision when choosing an interest only term.
By only having to make interest repayments for a period of your loan term, you can reduce the size of your mortgage repayments significantly.
Unfortunately, the industry regulator has forced banks to slowdown on approving interest only home loans so is it still possible to make just interest payments?
If you need help with getting a home loan, call 1300 889 743 or complete our free assessment form to speak with one of our mortgage brokers.
) [10] => stdClass Object ( [post_id] => 3378 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Yes! There are some lenders who will use all of your shift allowances, weekend penalty rates and night work penalty rates as long as you can show consistency over time.
- You can borrow up to 95% of the property value or up to 100% using a guarantor.
- 3 months in your job: Some of our lenders will use 80% of your overtime income.
- 2 years in your job: Some of our lenders will use 100% of your overtime income if it is consistent.
- Other allowances: Many employees receive other allowances for meals or transport which are generally not taken into account. If these allowances are not to reimburse you for an expense that you incur, we can get some of our lenders to consider this income on a case by case basis.
If you are not employed on a full time basis then please refer to our casual job page.
Please enquire online or call us on 1300 889 743 to discuss the nature of your allowances with one of our mortgage brokers.
) [11] => stdClass Object ( [post_id] => 446 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Different lenders will consider different types of multiple dwelling complexes including townhouses, houses, villas, semi-detached and fully-detached housing developments.
Duplex / dual occupancy
- First home buyer: 95% of the property value on a case by case basis.
- Investor:95% of the property value.
- Low doc: 80% of the property value.
- Construction:95% of the property value.
- 100% loans:Available with some of our lenders if you have a guarantor.
- Discounts:Competitive professional package and basic loan discounts are available.
Note: Many LMI (Lenders Mortgage Insurance) providers restrict lending for duplexes even though they are readily saleable and are excellent security for a loan.
We have access to lenders that can consider loans over 80% of the property value.
Call us on 1300 889 743 or complete our free assessment form to discuss your investment plans with one of our mortgage brokers.
) [12] => stdClass Object ( [post_id] => 99 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
- We are approval experts, not just a normal mortgage broker.
- Our services are free for most types of residential loans.
- Australia wide services.
- Access to almost 40 lenders including the major banks.
- A full member of the FBAA and AFCA, ensuring professional and ethical lending practices.
Using us as your mortgage broker
The team at Home Loan Experts are mostly former credit managers who approved difficult loans for both major banks and specialist lenders. What that means for you is that we know how to present your loan to make sure that it gets approved!
We also specialise in helping people in tricky situations. If your situation is unusual then most bank managers and mortgage brokers will not have the knowledge, experience and contacts to get your loan approved. We know exactly which lenders can help and how to present your loan application!
We are a friendly, young and enthusiastic team who aim to build strong relationships with our customers and help them realise their goals of home ownership. We don't charge any fees for most of our loans and we help individuals Australia-wide.
You're our customer and we will work with you to make sure your experience is positive and memorable. As a testament to our success as a team, we receive a large amount of referrals from satisfied customers, many of whom were originally declined by the banks.
Do you hold a credit licence?
Yes, we hold an Australian Credit License (ACL) as required under the National Consumer Credit Protection Act.
We are also a member of both the Finance Brokers Association of Australia (FBAA) and the Australian Financial Complaints Authority (AFCA).
We maintain the highest standard of training and education, as well as compliance with government regulations.
Will you charge a brokerage fee?
There are no fees for most of the loans we deal with. The very limited circumstances in which a fee may be applicable can be found on our Mortgage Broker Fees page.
To speak to a mortgage broker about your situation, call 1300 889 743 or complete our free assessment form and we will help you get approval.
) [13] => stdClass Object ( [post_id] => 45324 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Physicians and select medical professionals are eligible for special discounts on their home loan:
- Borrow up to 100% of the property value and avoid Lenders Mortgage Insurance (LMI).
- Get access to Interest rate discounts that aren’t available to the general public.
- Reap the rewards for high exposure limits if you're planning to rapidly grow your property portfolio.
- Benefit from flexible lending criteria thanks to the strong relationships that we have with on our panel, particularly if you're a recent graduate.
Call us on 1300 889 743 or fill in our free assessment form and find out if you're eligible for physician home loans.
) [14] => stdClass Object ( [post_id] => 242 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] => Did you know that most major lenders will no longer approve low doc loans that are used to refinance an existing home loan? This leaves many people high and dry when they need money the most and leaves others stuck on older loans at much higher interest rates. Thankfully some lenders will still refinance a low doc loan! Please call our mortgage brokers at 1300 889 743 or fill in our online enquiry form to see if you should refinance your home loan during the COVID-19 pandemic. ) [15] => stdClass Object ( [post_id] => 33246 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Are you a foreign citizen wanting to live and work in Australia as a permanent resident?
Every year, the Australian immigration department releases its new Skilled Occupations List (SOL) and Consolidated Sponsored Occupation List (CSOL).
What skilled occupations make up the list and will the bank accept your visa type when it comes time for you to apply for a mortgage?
How much can I borrow?
The skilled occupations listed in SOL and CSOL fall under a few different visa subclasses which vary depending on the profession.
Under the permanent resident mortgage policy for some of our lenders, the following visa holders can qualify for a mortgage and borrow up to 95% of the property value:
- Employer Nomination Scheme (subclass 186)
- Skilled Independent visa (subclass 189)
- Skilled Nominated Visa (subclass 190)
The following visas are also classed as permanent resident but your borrowing power may be restricted due to the short-term restrictions applied by the government:
- Skilled Regional (Provisional) visa (subclass 489): A 4-year visa similar to a 457 visa. You can borrow up to 90%.
- Skilled – Regional Sponsored visa (subclass 487): A 3-year visa that then allows you to apply for permanent residency. You can borrow up to 80%.
Call us on 1300 889 743 (+61 2 9194 1700 if you’re outside Australia) or complete our free assessment form to find out if you qualify for a skilled occupation mortgage.
Can I get the same interest rates as an Australian citizen?
Yes!
Since you’re living and working in Australia, you won’t be charged a higher interest rate just because you’re a foreigner.
Check out the lowest interest rates on offer from the nearly 40 lenders that we have on our lending panel.
You won’t be charged extra fees and you can get all of the same mortgage features as an Australian citizen.
What if I’m a temporary resident?
Like being a permanent resident, you’re borrowing power depends on your visa type, your occupation, and the strength of your overall financial situation.
If you’re on a Temporary Business (Long Stay) – Standard Business Sponsorship visa (subclass 457), 494 visa or on a Temporary Skill Shortage visa (482 visa) you may be able to borrow up to 90% of the property value as a special exception.
You can potentially borrow up to 95% if you’re married or in a de facto relationship with an Australian citizen or Australian permanent resident.
For other temporary visa types, including subclasses 417, 165, 160 and 422, you can borrow between 80-90%.
We’re experts in non-resident mortgages!
Please fill in our online enquiry form and let our mortgage brokers about your situation and what type of loan you need.
) [16] => stdClass Object ( [post_id] => 942 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Lending policy varies for each type of borrower:
- Investment loans: 95% of the property value.
- Low doc (no income evidence): 80% of the property value.
- Discounts: Competitive professional package and basic loan discounts are available.
We are specialist mortgage brokers and can help you find a lender that will approve your mortgage.
Please contact us on 1300 889 743 or enquire online and a member of our team will contact you to discuss your situation.
) [17] => stdClass Object ( [post_id] => 45028 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Police officers and other law enforcement professionals are able to qualify for special home loan exceptions, including:
- Borrow up to 95% of the property value: You'll need a clear credit history, stable employment, good income, minimal debts and must not be buying an unusual property type or a property in non-metro location.
- Borrow up to 110% of the property value: By asking your mum and dad to act as a guarantor on your mortgage, you can borrow the property value plus the costs of completing the purchase.
- Negotiated interest rates: We have special relationships with our panel of lenders that allow us access to special discounts, particularly if you have stable employment in law enforcement.
Call 1300 889 743 or fill in our free assessment form to discover if you qualify for a police home loan.
) [18] => stdClass Object ( [post_id] => 13790 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>We've compiled a list of the common reasons why people fail a bank's credit score.
We've broken it into three sections: your situation, your credit file and your application.
The good news is that not every lender credit scores. If you need help applying for a mortgage then please call us on 1300 889 743 or enquire online to speak to one of our mortgage brokers and see which lenders you will qualify with.
) [19] => stdClass Object ( [post_id] => 33319 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Income from investments isn’t just secure and ongoing – it shows that you’ve got funds on standby and you’ve got the financial aptitude to manage your money well.
Unbelievably, not every lender will accept investment income when assessing your home loan application!
What investment income types will the banks accept?
- Dividends – ASX listed companies
- Dividends – Private company (conditions apply)
- Managed fund income
- Interest income
- Royalties
- Annuities
- Rent income
Not every lender accepts each income type!
Each will accept a certain percentage of that income and will have different verification requirements.
Do you need help getting your home loan approved? Call us on 1300 889 743 or fill in our free assessment form and our mortgage brokers will help you to get approved!
) [20] => stdClass Object ( [post_id] => 50980 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Buying an investment property is not an easy task.
And things get trickier when you have to choose a location.
Finding the right location for your property can be crucial to the success of your investment.
Why is location important for investment?
The location of your investment decision can determine the types of tenants you'll get.
If you want an investment property that will gain high rental yields for the foreseeable future, then you’ll need to choose a location that is popular with tenants.
If you're opting to buy vacant land, you'll need to choose a location that will increase in value in the future as you won't be earning any rental income from it for a while.
How To Choose A Location For An Investment Property
Here are some tips you can follow to get started on choosing where to buy your investment property:
- Invest where you know: Consider buying in markets you're familiar with first so you spend less time researching areas or suburbs you're not familiar with. This also means you have an intimate know-how of the types of tenant residing in the area. If you’re considering buying interstate, we recommend hiring a buyers’ agent.
- Get a team ready: Get in touch with a buyer's agent of the area you're looking to invest in. It's beneficial to go with the local buyer agent as he/she would have intimate knowledge of the area. Talk to the real estate or buyer's agent to find out what people liked or disliked about the property or location. You should even have an accountant on your team to give tax advice.
- Empathise with your tenants: Go for locations that tenants favour, instead of just what looks good to you. If the goal of your investment property is to earn a strong rental income and minimising vacancy, then opting to choose locations that tenants prefer is a must.
- Stay updated about development changes: Find out if any infrastructure improvements might happen in the area. This might determine the type of tenants and the value of the location in the future. Get in touch with the local council to check if there are any planned developmental projects. Talk to the locals to get their feedback on how they feel about those projects.
- Desirable features for tenants: Look into the features that are desirable to tenants like a garage, swimming pool, etc. While renters in Melbourne need transportation facilities, the same principle does not apply to renters in Perth or Adelaide who prefer to drive. For them, a garage is more important than having good public transport.
- Costs involved: Take into consideration the maintenance costs of the property. If you're buying an older property, then you might need to set aside some funds for renovations or repairs.
- Vacancy rates: Review the latest vacancy rates of the location you've chosen. It's good to invest in areas where vacancy rates are low as it means that your property will not be empty for long between tenants. A location with high vacancy rates makes it harder to sell it in the future. Information on vacancy rates can be found online on Corelogic and other websites.
- Compare sales information: Check the recent sales figures for the locations you're buying in. You can get sales data on how the property is performing online, or by talking to real estate agents and buyer agents. Look into the average prices of the surrounding areas. If there are huge margins of differences within the area, think twice before investing. If the prices are comparable, then it's a safer bet.
- Access to amenities: The proximity to amenities like shopping centres, schools, gyms, etc. determines how much demand there is for rental properties.
- A building inspection is a must: Always do an independent pest and building inspection. An independent inspector will provide a detailed report about your property.
- Take note of scarcity, demand and supply: The availability of rentals around the area determines the demand and supply. If your potential location is rife with rental properties, the oversupply might lower your rental yield. If it's too scarce, then the rent might be high, but the tenant pool is limited. You have to choose a location that strikes the perfect balance between the demand and supply of rentals.
- Decide on your investment strategy: Are you looking for capital growth potential or choosing a property to get the benefits of rental yields? If you’re looking to earn from rental yields, then the location of your investment property should be one favoured by renters.
Take A Look At The Broader Picture
Macro- and microeconomic factors also have an impact on where you want to invest in property. Look at the information related to the state and then home in on the suburb, neighborhood and street. Macro factors include population growth, employment and infrastructure investment, while micro factors include amenities and transport. Let’s take Melbourne as an example. Melbourne experienced population growth of over 2% in 2018 with a demand of over 110,000 new jobs. There are plans afoot to build over 1.6 million dwellings by 2050 to accommodate the growing population and employment opportunities.What To Avoid When Choosing Investment Property Locations
While there are a plethora of things you can do to ensure that you've invested in the right location, here are some things you should keep in mind.
- Don't get your emotions involved: Getting emotionally attached to the property will cloud your decision. Use analytical data and the knowledge of experts and local people instead of going with your heart. Going to look for a property when you're in a bad mood is a disaster too.
- Don't buy a property with cheap strata levies: This is an indication that the building might not offer facilities that tenants want.
- Don't go property hunting or to open houses alone: Get a team of experts to go with you. These experts don't always have to be a real estate agent or buyer's agent. It can be your family or friends who will point out things that you were not aware of.
- Don't lowball the figure: If the investment property is really favourable to you, don't offer a low figure, as someone else will buy the property before you.
- Try to avoid buying off-the-plan units: While these units might be cheaper to invest in, you'll have to consider that these properties are usually clustered together and built by the same developer. There's just too much competition to get the right tenant into the property.
- Buy in the location that suits the tenants, not you: You have to take the requirements of the tenant when you're choosing a location. Do not make a decision to buy just because you love the location. Your investment property must be one in which you want your ideal tenant to reside in.
New Unit Or Established Property?
While investing in either a new unit or buying an established property have their benefits, investors are known to prefer established properties to new ones.
By buying an established property, investors benefit from:
- Insights and data like comparable sales figures, vacancy rates, demographic profiles, types of tenants, etc.
- Adding value to the property by renovating and refurbishing and making it more appealing to tenants.
- Having a property close to a CBD as newer properties are situated on the outer suburbs due to unavailability of land. However, in some cases, new apartments can also be located close to a CBD.
However, investing in a new property is not without its benefits:
- Investors can get tax write-offs and take advantage of depreciation benefits. You can get tax breaks on rental advertising costs, council rates, land tax, etc.
- You are investing in a property that is attractive to the tenant as it has modern amenities and smart appliances that tenants currently want. This might help you get a tenant who is willing to pay a higher rent.
- New properties generally have lower maintenance costs, and in most cases, if anything needs renovation or replacement, it can be done easily.
- Stamp duty
- Conveyancing fees
- Legal fees
- Search fees
- Pest and building reports
- Council and water rates
- Land tax
- Property management fees
- Repairs and maintenance
- Agent fees, and more.
- Get a deposit of at least 20% of the property value ready to avoid paying Lenders Mortgage Insurance (LMI). If you own property already, you can use the equity from it as well. We also have no deposit investment loan options available.
- You will need at least three months of genuine savings in your account. This is a good indicator to lenders of your ability to save and manage your finances.
- It’s always better to have a good credit score on your file.
- You will need to be employed and earning a good income to prove to the lender that you can afford the mortgage.
- Try to reduce your expenses, as they do affect your borrowing power.
- Limit the number of credit cards you used and cancel any unused credit cards.
- Make sure you're making timely repayments on your commitments, like car loans, and buy now pay later services like Afterpay and ZipPay.
- Getting a pre-approval for your investment loan so you know how much you can afford. Once you know your budget and how flexible you can be, you can narrow down your options on where you can buy.
- We can even provide you with property reports and suburb reports since we have access to CoreLogic RP data and AMV.
- Once you've decided to buy the investment property, send it to your mortgage broker so they can help you get your financials in order.
- Use our investment property calculator to predict your weekly cash flow for your investment property.
- If you’re thinking of turning your home into an investment property, the rental income has to be declared on your tax return. Furthermore, the cost involved with an investment property, like advertising for tenants, maintenance, etc might be tax deductible. However, when you sell your property, you need to consider capital gains tax and real estate agent fees.
- The valuation comes in lower than the purchase price but you still have enough funds to complete the purchase.
- You change your mind and don’t want to buy the property.
- The lender approves your loan at a higher rate than you’d like.
- Borrow up to 95% with waived LMI: Borrow up to 95% of the property value and avoid Lenders Mortgage Insurance (LMI).
- Borrow up to a maximum loan size of $4.5 million.
- Access signficantly reduced interest rates that aren’t available to the general public.
- Rapidly build an investment property portfolio thanks to higher exposure limits for high net worth investors.
- Take advantage of flexible approval criteria for new graduates.
- A high income to afford both repayments.
- Little existing debt (car loans, high credit card balances, etc).
- A clear credit history.
- Some savings to make up any shortfall.
- A proven rental history (preferred).
- Avoid making principal payments for up to 5 years
- Come over your financial crunch
- Not gaining equity to the property
- Having to pay more interest over the years
- Freehold storage unit: Borrow up to 70% of the property value or up to 100% by using a commercial property guarantor loan.
- Leasehold store unit: Considered on a case by case basis with a business plan.
- Loans over $5 million: Considered on a case by case basis.
- Maximum loan term: 25 years.
- Maximum interest only term: 5 years.
- Low doc and bad credit options: Case by case when buying just the freehold and borrowing may be restricted.
- Discounted interest rates: Available by negotiation by your mortgage broker and based on your application strength.
- You must owe less than 80% of the property value on your home loan.
- Your home loan repayment history must be perfect.
- You'll need to provide your last two payslips.
- You'll need to provide your most recent group certificate.
- Low doc options are available for self-employed borrowers who can't prove their income through traditional means.
- Your credit file should be clear of bad marks.
- ABN search
- ASIC article - Low-doc loans: are they for you?
- What is on a credit file and how does this affect a low doc loan?
- Learn more about the National Consumer Credit Protection Act (NCCP)
- Low doc loan calculator
- Most lenders will typically use 80% of your dividend income from an employee stock ownership plan.
- Some lenders use your current shareholding not an average of your last two years, which makes sense if you decide to increase your shareholdings.
- Some lenders give discounted home loan rates for a home loan to buy shares in your employer that is secured on a residential property.
- Borrow up to 95% of the property value to buying a property using employee shares.
- Some banks assess you as self-employed if over 25% of your income comes from your employer.
- Some lenders want to see financials and tax returns for your employer.
- You can borrow up to 95% of the property value or up to 100% using a guarantor.
- 2 years in your job: Some of our lenders will use 100% of your bonus income if it is consistent.
- 3 months in your job: Some of our lenders will use 80% of your bonus income.
- You may need to provide a letter from your employer confirming the consistency of this additional income.
- Performance-based and irregular bonuses: Considered on a case by case basis depending on the consistency of this income. Generally, this is acceptable if you have a 2-year history of receiving these bonuses.
- One-off bonuses: Cannot be considered as additional income.
- Two current consecutive payslips.
- Letter of entitlement from your employer / letter confirming your bonuses are likely to continue.
- Your most recent tax return or group certificate, in some cases, two years of tax returns may be required.
- You can borrow a maximum of 80% of the value of the land plus the cost of construction.
- It’s possible to borrow 100% of the land and construction costs with a guarantor.
- Large scale renovations of existing properties are also acceptable.
- You must have contingency funds in case you go over your budget.
- Some of our lenders offer competitive interest rate discounts.
- Most banks do not lend to cost plus building contracts.
- 1% AEP (1:100 year flood zone): 95% of the property value.
- 2% AEP (1:50 year flood zone): 80% of the property value on a case by case basis.
- 5% AEP (1:20 year flood zone): In most cases we cannot assist with these properties.
- 100% loans: Available with some of our lenders if you have a guarantor.
- You must be allowed to build on the property or there must already be a house on the property.
- You must be able to insure the property.
- The maximum flood height must be lower than the floor height of the house.
- The bank valuer must agree that the property represents an acceptable risk to the bank.
- High rainfall which causes nearby rivers to overflow, creating a flood which damages your home.
- High river and dam levels which cause flooding to your home.
- May cover flooding that occurs as a result of rising sea levels caused by severe storms.
- We know which banks will accept your home as security for a loan
- Our mortgage brokers are credit experts who know the lending policies of over 30 financial institutions
- We offer nationwide services
- Free financial services for most loan types
- The credit type and loan amount you applied for, previously it only showed up as a credit enquiry.
- The nature of the credit account – Personal loan, home loan, overdraft or credit card.
- The financial institution where the account is held – NAB, Westpac etc.
- Maximum credit amount available for each account.
- The date a credit account is opened and closed.
- New and previous credit amounts.
- 24 months account payment history: Monthly repayment history will reflect whether you paid the minimum amount required on your financial commitments each month or not.
- Conditions related to your repayment.
- Default agreement details.
- Special pricing, including a significantly reduced interest rate.
- An LMI waiver.
- The opportunity to with a bank that will support your future business and personal goals.
- New home buffer: You can choose interest only for a year in order to buy furniture or to renovate your new home.
- Property investment: You can maximise your cash flow position and reduce your opportunity cost, although it depends on whether your long term goal is to have a positively-geared portfolio.
- Business investment: You can leverage funds that aren’t tied up in your property to invest in your business
- Buying shares and equities: Using a residential property to secure your shares is acceptable to some banks and a short-term IO period can give you a bit more leg room to continue growing your portfolio.
- Turning a home into an investment: Save thousands in mortgage repayments if your plan is to switch your home to be an investment property.
- Buying a new home before selling the old one: A short-term IO will reduce your home loan repayments on a new property purchase so you can focus on paying down your old mortgage and maximise your equity growth.
- Retirement planning: With the right exit strategy in place, you can drastically reduce your mortgage repayments when downsizing for your autumn years.
- Covering a temporary shortfall in income: Having a baby, relocating overseas or switching to part-time work are very common life events and a short-term IO period can help manage the fall in your normal income.
- You want lower monthly repayments
- You want to use your home’s equity for cash-out
- You want to pay off your mortgage sooner
- Interest rates are falling
- Your home has significantly gone up in market value
- You are looking to renovate your home or invest in a property
- Recent payslips to verify your income
- Latest tax assessment notice
- A letter from your employer confirming your salary
- Identification certificates, like your passport or driver’s licence
- Complete financial and credit documents (credit card statements, your current mortgage documents, bank account statements, etc.)
- Switching to a home loan with lower interest rates over the same term will save of you thousands of dollars over the life of the loan.
- Switching to a longer loan term will lower your monthly repayments but you’ll end up paying more overall.
- New or existing juice bar: Borrow up to 50-70% of total business costs or 100% with an existing residential property as security.
- Loan term: 7 years (as per the franchise agreement).
- Loan term with property as security: 25 to 30 years (standard loan term).
- Interest only: Around 2 years or more depending if you're using property as security.
- Low doc options not available.
- We can help negotiate strong interest rates.
- Existing store: If you're buying an existing store from the current franchisee, you'll generally need to provide 3 years financials for the business in the form business tax returns and profit and loss statements.
- Experience: No matter whether you're buying a greenfield or existing juice bar, you'd need to show evidence of at least 3 years experience in a similar industry and in a managerial or supervisory role. This shows that you have the skills to keep the business afloat for the long term.
- Good financials and credit history: Having capital to contribute to the first 6 months of operations is a typical requirement while having a clear credit history reflects your character as a borrower, which is important in painting a good picture with the bank.
- Business plan: Apart from your past experience, the bank will usually want to see a business plan that you've drafted up with a financial professional that shows cash flow and revenue forecasts for the next few years.
- Completing the expression of interest on the Boost Juice franchise page.
- Filling out their application form and sending it back along with a refundable $2,200 deposit.
- This is be followed by an interview over the phone.
- If you're successful, you will then be given a confidentiality agreement to sign and a Deed of Undertaking and Acknowledgement.
- At this point, you'll be provided with sales figures along with a financial planning guide and an operational questionnaire.
- This is followed by a face-to-face interview with one of their franchise business development managers.
- A day of work experience in a real store.
- You'll then be given a franchise kit which contains an example of the disclosure document and franchise agreement. Ask if you can see this up front before providing your deposit or undertaking training!
- Signage.
- Fit-out.
- Equipment.
- Deposit of $2,200 (refundable).
- Royalty fee: 4-6% of monthly turnover.
- Advertising and marketing: 3% of gross monthly turnover.
- A 4-week training program in Melbourne covering smoothie and juice preparation, operational health and safety requirements and sales training.
- You'll have a dedicated business development manager assigned to you.
- Access to Boost's national and local area marketing capabilities.
- Shop fit-out and site selection.
- As part of a head lease agreement, Boost Juice will handle initial negotiations and ongoing management of the lease agreement between you and the landlord.
- You'll be able to leverage Boost Juice Bar's buying power with suppliers meaning cheaper outgoings than running an independent store.
- Borrow up to 100% of the property value plus the costs of completing the purchase (depending on the deposit amount).
- This amount is used as security in the event that your default on your home loan.
- The funds will need to be deposited with the bank that you are using for your home loan.
- The bank will hold the term deposit and roll it over (start a new fixed term) until the guarantee is released.
- The State and Federal Government incentives grants and stamp duty relief
- People returning to WA from interstate and overseas
- Record-low interest rates
- Rental supply shortage
- Debt is currently very cheap
- Your loan is over $300,000,
- Your situation is not complex, and
- You are keeping the loan for over two years.
- First home buyer: 95% of the property value (restrictions apply).
- Investor: 95% of the property value.
- Guarantor loans: Borrow up to 100% with select lenders only.
- 100% home loan with no LMI: Borrow up to 100% if you’re an eligible professional (stricter lending criteria applies).
- Low doc: 80% of the property value.
- Discounts: Competitive professional package and basic loan discounts are available.
- Borrow up to 95% with waived LMI: Borrow up to 95% of the property value and avoid Lenders Mortgage Insurance (LMI).
- Borrow up to a maximum loan size of $4.5 million.
- Access significantly reduced interest rates that aren’t available to the general public.
- Rapidly build an investment property portfolio thanks to higher exposure limits for high net worth investors.
- Take advantage of flexible approval criteria for new graduates.
- Clean credit history: Having blemishes such as defaults, judgments and bankruptcies on your credit file can work against you when applying for a 90% investment loan but not with all lenders depending on your case.
- You’ll need a deposit: In most cases, you’ll need 5-10% of the purchase price in genuine savings or a deposit that you’ve saved over a period of 3-6 months. There are exceptions to this with some lenders and you may be able to use equity in an existing property your own or a gift.
- Negative gearing may be accepted: Only applicable with some lenders and only if you have a strong income.
- Employment: Although there are exceptions to this policy, you’ll usually need to have an employment history of 3 to 6 months in your current job role.
- Standard properties more likely accepted: Unusual or non-traditional property types located outside of capital cities or major regional locations are not usually accepted by lenders.
- First home buyer: 95% of the property value (restrictions apply).
- Investor: 95% of the property value.
- Low doc: 80% of the property value.
- Discounts: Competitive professional package and basic loan discounts are available.
- Guarantor loans: Borrow up to 105% of the property value by using a guarantor.
- Pay extra: On a $490,000 home loan over 30 years, you can save more than $40,000 in interest by paying just an extra $100 every month. You'll also get an added bonus of paying off your mortgage faster. Try our Extra Repayments Calculator and check it out for yourself. Bear in mind, it's best to only do this with a variable rate home loan. You're ability to make extra repayments on a fixed rate home loan will be restricted and, at worst, you'll break costs by doing so.
- Increase repayment frequency: If you pay monthly, you'll be making 12 payments a year. If you pay fortnightly, the number goes up to 26 because there are 52 weeks in a year. So by paying weekly or fortnightly, you're essentially making extra repayments.
- Switch to P&I repayments: You can pay interest only if you want more cash in your hand but understand that paying Principal and Interest (P&I) is actually more cost-effective. Suppose you have a $540,000 home loan over 30 years at 4.08%. If you pay P&I from the beginning, you'll be saving more than $35,000 in interest over the life of the loan than if you paid interest only for just 5 years and then switched.
- Use an offset account: You can reduce your mortgage costs by using an offset account. This is an account linked to your home loan. Any money you keep here directly offsets your mortgage. For example, if you have a $400,000 mortgage and have $20,000 balance in your offset account, you'll only pay interest on $380,000, as opposed to the full mortgage amount. Therefore, you'll want to keep your balance as high as you can. This way, as your offset balance grows, your interest payments will steadily decrease.
- First home buyer: 85% of the property value.
- Investor: 85% of the property value.
- Guarantor loans: Borrow up to 100% with select lenders only.
- Low doc: 80% of the property value (case by case basis).
- Discounts: Some interest rate discounts may be available depending on the lenders that will accept your hotel unit as security.
- Borrowing up to 95% of the property value with waived Lenders Mortgage Insurance (LMI)
- Interest rates even lower than the already discounted rates offered on a professional home loan package.
- Higher exposure limits for those with a substantial property portfolio.
- Your home loan rate: You could be getting a better interest rate by refinancing to another lender.
- Switching between fixed and variable: Whether you started on a variable rate or a fixed rate, a home loan health check can help you make an informed decision.
- Your property value: We can provide a free property valuation and let you know if you are in a position to access equity in your home.
- Debt consolidation: If you're struggling with mortgage repayments because you're juggling multiple debts and bills, you can consolidate your debts into your home loan.
- Refinancing back to a prime lender: If you are currently on a low doc, bad credit or any other type of specialist home loan, you're paying a higher interest rate and may be in a position to refinance back to a major lender at a sharper rate.
- Home loan features:You may not be getting the most out of your home loan features, especially if your personal situation will or has recently changed, such as starting a family, renovating your home or buying an investment property.
- Borrow 90% with no genuine savings: You can borrow 90% from most of our lenders, irrespective of the source of your deposit.
- Borrow 95% with no genuine savings: Some lenders can approve a home loan for up to 95% of the purchase price with no genuine savings (specific conditions apply).
- Borrow 100% with no genuine savings: With a guarantor, you can borrow 100% of the purchase price plus the costs of completion.
- The developer’s quality and ability to finance the construction are among the most significant uncertainties you will face.
- Not all developers can deliver the property to the standards you may expect and the timeframe you want, so you need to choose the developer carefully.
- If you are one of the first to buy in a project, you can often get a better price. You can also choose the best unit in the block.
- Working with a good solicitor will also ensure the contract protects you from potential changes.
- Valuation is an opinion and can vary, so if a valuation does come in short, you can choose to find a valuer who understands the value proposition of the specific property.
- Desktop Valuation: Fully remote, relying solely on property data and market trends.
- Kerbside Valuation: Involves a physical inspection of the property’s exterior.
- Full Valuation: A thorough internal and external inspection.
- Buy now and choose First Home Buyer Choice’s stamp duty option
- Buy now and choose First Home Buyer Choice’s annual land tax option
- Wait until 1 July and buy under Fresh Start.
- Under $650K purchase price: Buy whenever you like
- $650K-$800K: You'll pay no stamp duty after 1 July, so best to wait
- $800K-$850K: It's probably best to wait until July
- $850K-$950K: For a unit, it's probably best to buy now and choose the NSW property tax. For a house, it may be best to wait. The best option changes, depending on how long you are going to keep the property – if you keep it long enough, you’ll pay more in property tax than you would have in stamp duty – so it's important to do the maths.
- $950K to $1.5M: It's almost certainly better to buy now and select the property tax if you expect to keep your home for the average period of time (about 10 years). It may be better to wait if you plan to keep the property forever.
- Low risk properties: You may be able to borrow up to 95% of the value of a property up to BAL-29.
- Medium risk properties: You may be able to borrow up to 90% of the value of a BAL-40 zoned property.
- High risk properties: You may be able to borrow up to 80% of the value of a flame zone property.
- Construction loans: You can borrow based on the the cost of the land and the building or the on completion valuation, whichever is less.
- Guarantor loans: Borrow up to 100% with select lenders only.
- It can protect yourself from sudden interest rate hikes.
- It provides security and stability as you are able to organize your finances effectively.
- It allows you to take advantage of the low fixed interest rates.
- Standard home: Borrow up to 95% of the purchase price or Loan to Value Ratio (LVR).
- Standard home being used as a boarding house: 70% LVR. Borrow more depending on the strength of your case.
- Commercial loan: 60-70% LVR. Typically for boarding houses with 6 or more bedrooms.
- Borrow 95% with waived LMI: You can borrow 95% of the property value and avoid the cost of Lenders Mortgage Insurance (LMI).
- Borrow up to a maximum loan size of $4.5 million.
- Rapidly build an investment property portfolio thanks to higher exposure limits for high net worth investors.
- Relaxed credit criteria for new graduates.
- Borrow up to 105% of the property value with a guarantor loan.
- Your parents can use the equity in their home to secure your mortgage so you can buy a home with no deposit.
- Avoid the high cost of Lenders Mortgage Insurance (LMI).
- Cover the extra costs of purchasing a property including stamp duty, mortgage set up costs and conveyancing and legal fees.
- Qualify for a low interest rate.
- Your income must be sufficient: You do need to be earning enough to afford the home loan as well as your other commitments like bills and existing debt without hardship. This is otherwise known as meeting the bank's 'serviceability ratio' requirements.
- You need a strong employment history: A stable job that you've been in for the past 6 to 12 months is a general requirement for 97% home loans although some lenders aren't as strict with this policy.
- Your credit history must be clean: Your bills, rent, credit card repayments and other commitments must have been paid on time for at least the last 6 months and your credit file must be clear of black marks.
- You have little to no debt: Having a lot of debt such as multiple credit cards or personal loans is generally not accepted. Anything less than 5% of the purchase price for the property you're looking to buy may be accepted on a case by case basis.
- You must have a sufficient asset position: You should have a level of assets comparable to your age such as a car, shares or a term deposit.
- There are postcode and property restrictions: The property type and its location will also have an affect on getting approved. Banks are reluctant to approve mortgages for properties that will likely be difficult to sell in the event that you default on your repayments.
- You need at least 5% genuine savings: You need at least 5% of the purchase price in regular savings into a bank account over a period of 3 months. Luckily, not all lenders have this genuine savings requirement and may accept a gift from your parents instead (conditions apply).
- You must owe less than 80% of the property value on your investment loan.
- You can refinance at any time (if you owe less than 80%) if you're on a variable interest rate.
- You can refinance on a fixed rate if you find that you're likely to recoup the cost of early exit fees within the first two years of refinancing (applies to borrowers releasing equity to purchase another investment property).
- Borrow up to 95% with waived LMI: Borrow up to 95% of the property value and avoid Lenders Mortgage Insurance (LMI)
- Interest rate discounts that aren't available to the general public.
- Higher exposure limits for investors with several properties and want to continue growing their portfolio.
- Flexible credit criteria for new graduates and new dental clinics.
- Your income comes from a source other than the insolvent company.
- You can prove your income.
- Your company is not currently in external administration.
- Loans to refinance directors’ guarantees or debts are considered.
- You are borrowing no more than 90% of the property value.
- First home buyer: 95% of the property value (restrictions apply).
- Investor: 95% of the property value.
- Guarantor loans: Borrow up to 100% with select lenders only.
- Low doc: 80% of the property value.
- Discounts: Competitive professional package and basic loan discounts are available.
- Borrow up to 95% of the property value: You'll need a clear credit file, earn a regular income, have a strong debt to income ratio and be purchasing a standard property in a mainstream location.
- Borrow up to 110% of the property value: With a guarantor loan, you need no deposit because your parents can use their home to secure the property value plus the purchase costs.
- Competitive interest rates: We can often negotiate significant interest discounts with our panel of lenders.
- A clean credit history: Your credit history should be clear of defaults, judgments and bankruptcies. Missed repayments over the last 6 months or too many credit enquiries will also reduce your chances of approval.
- A sufficient deposit: You’ll need a 15% deposit with at least 5% in genuine savings, which most lenders accept as a deposit that you’ve saved in a bank account for at least 3 months. However, some lenders can consider a gift from your parents or a lump sum deposit as evidence of savings.
- Stable employment: In most cases, you’ll need to have worked in your current job role for at least 3 to 6 months. If you’ve changed jobs, most lenders will want you to have been working in the same industry for the past 2 years.
- Excellent income: When it comes to 85% investment loans, banks tend to be a bit more conservative so you’ll need to show that you earn a significant enough income to meet the mortgage repayments. If you can prove that you have a strong income then some lenders may even take negative gearing into account.
- Standard investment property: It’s much more difficult to get approved if you’re looking at investing in an unusual or non-traditional property type such as those located outside of capital cities or major regional locations.
- You have to be refinancing an existing loan worth at least $250,000.
- You must also hold an NAB transaction account at the time of drawdown.
- Your current mortgage must be refinanced to NAB.
- The primary borrower listed on your loan should have an active NAB transaction account at drawdown.
- This offer is available to individual applicants who are owner-occupiers or residential investors. Refinancing of First Home Loan Deposit Scheme loans and loans to businesses, non-residents, trusts, and other non-natural people are not included.
- Up to 105% of the purchase price with a guarantor loan.
- Up to 100% with a no deposit loan subject to an extensive approval criteria.
- Up to 80% with special interest rate discounts.
- Switch to a variable rate without paying break fees if interest rates go down during the fixed term.
- Make extra repayments without caps or penalties.
- Split their loan up to four ways and take advantage of an offset sub-account applicable on any variable interest rate portion.
- Australian citizens or permanent residents living and working in Japan can generally borrow up to 80% of the property value.
- You can qualify for the same interest rates as an Australian citizen and we even know lenders that will apply the Japanese tax rate when assessing your income which improves your borrowing power.
- Some lenders will use the tax rate of Japan, as opposed to Australian tax rates, which can greatly improve your borrowing power.
- If you're earning Japanese Yen but you can't provide sufficient documents to prove your foreign income, such as recent payslips or tax returns, then you may be limited to borrowing less than 80% of the property value.
- Loans available for purchase, refinance, investment property or to buy a house and land package.
- If you're a dual citizenship holder or you're married to a foreign national, some lenders may unfairly treat you as a foreigner so choosing a lender that favors expats is essential to borrowing at the maximum Loan to Value Ratio (LVR).
- A Power Of Attorney (POA) in the name of a solicitor or family member is required by some banks.
- Australian citizens and permanent resident (PR) visa holders living in Hong Kong may be able to borrow up to 90% of the property value.
- Get the same interest rates as an Australian citizen.
- Some lenders will use the tax rate of Hong Kong, as opposed to Australian tax rates, which can greatly improve your borrowing power.
- Self-employed borrowers may be able to borrow up to 80% of the property value with one of our lenders and we have at least one that will use 90% of your net income rather than gross income.
- Loans available for purchase, refinance, investment property, or to buy a house and land package.
- If you’re a dual citizenship holder or you’re married to a Hong Kong citizen, some lenders may treat you as a foreigner, so choosing a lender that favours expats is essential to borrowing at the maximum Loan to Value Ratio (LVR).
- If you’re earning Hong Kong Dollars (HKD) but you can’t provide sufficient documents to prove your foreign income, such as recent payslips, or tax returns, then you may be limited to borrowing up to 80% of the property value.
- A Power Of Attorney (POA) in the name of a solicitor or family member is required by some banks.
- Borrow up to 90% of the property value as an Australian citizen or permanent resident (PR) living in China.
- You can qualify for the same interest rates as an Australian citizen.
- Some lenders will use the tax rate of China, as opposed to Australia tax rates, which can improve your borrowing power.
- Self-employed borrowers may be able to borrow up to 80% of the property value with one of our lenders and we have at least one that will use 90% of your net income rather than gross income.
- Loans available for purchase, refinance, investment property, or to buy a house and land package.
- If you’re a dual citizenship holder or you’re married to a Chinese citizen, some lenders may treat you as a foreigner, which means that choosing a lender that favours expats is essential to getting approved.
- If you’re earning Chinese Yuan (CNY) or Renminbi (RMB) but you can’t provide sufficient documents to prove your foreign income, such as recent payslips or tax returns, then you may be limited to borrowing up to 80% of the property value.
- A Power Of Attorney (POA) in the name of a solicitor or family member is required by some banks.
- Higher interest rates: This will mainly depend on the lender and the type of verification or supporting documentation you can provide. Some of our lenders offer the same low rates as they do for full documentation home loans.
- Larger deposit: 20% of the purchase price is typically required, although some lenders require less.
- LMI: Mortgage insurance is usually applicable if you borrow over 60% Loan-to-Value Ratio (LVR).
- Find out which documents you can provide, what your needs are and which lenders you can qualify with.
- Select the lender with the lowest interest rate, fees and LMI premium, as well as the loan features that you require.
- Present your application in a way to make sure it is seen favourably by the lender.
- Australian citizens and permanent resident (PR) visa holders living in Switzerland may be able to borrow up to 90% of the property value.
- You can qualify for the same interest rates as an Australian citizen.
- Self-employed borrowers may be able to borrow up to 80% of the property value with one of our lenders and we have at least one that will use 90% of your net income rather than gross income.
- Loans available for purchase, refinance, investment property or to buy a house and land package.
- If you’re a dual citizenship holder or you’re married to a foreign national, some lenders may unfairly treat you as a foreigner so choosing a lender that favours expats is essential to borrowing at the maximum Loan to Value Ratio (LVR).
- A Power Of Attorney (POA) in the name of a solicitor or family member is required by some banks.
- Borrow up to 90% of the property value as an Australian citizen or permanent resident (PR) living in Germany.
- You can qualify for the same interest rates as an Australian citizen.
- Self-employed borrowers may be able to borrow up to 80% of the property value with one of our lenders and we have at least one that will use 100% of your net income rather than gross income.
- Loans available for purchase, refinance, investment property or to buy a house and land package.
- If you’re a dual citizenship holder or you’re married to a foreign national, some lenders may treat you as a foreigner which means that choosing a lender that favours expats is essential to getting approved.
- If you’re earning Euro but you can’t provide sufficient documents to prove your foreign income, such as recent payslips, or tax returns, then you may be limited to borrowing up to 80% of the property value.
- A Power Of Attorney (POA) in the name of a solicitor or family member is required by some banks.
- Max loan $1,000,000 at 85%.
- Max $1,250,000 in total loans with no LMI.
- You must have a clear credit history.
- You may need to meet minimum income criteria with some lenders.
- This is for low risk borrowers only, strict criteria apply.
- Standard employment
- Contracting via an ABN
- Contracting as an employee
- Medical partnerships
- Profit share / commissions
- Depending on your situation, you may still qualify for exclusive interest rate discounts and avoid the cost of Lenders Mortgage Insurance (LMI) when borrowing up to 100% of the property value.
- CBA / Colonial: Call CBA on 132 407.
- St George Bank: Call St George on 13 33 30.
- Westpac: Call Westpac on 132 032.
- ANZ: Call ANZ on 13 13 14. Note that for most loans ANZ does not automatically reduce your repayments when interest rates fall so you may not need to call them.
- Citibank: Call Citibank on 1300 361 922 or 13 24 84.
- AMP: Call AMP Banking on 133 030.
- Mortgage House: Call Mortgage House on 133 144. In some cases you may have to fax a signed and dated letter to client services on 02 9407 3083
- Investor Retirement Visa (Subclass 405)
- Temporary Business (Long Stay) – Standard Business Sponsorship (Subclass 457)
- Foreign Government Agency Visa (Subclass 415)
- Domestic Workers Visa (Subclass 426)
- Diplomats Visa (Subclass 995)
- Medical Practitioner (Temporary) Visa (Subclass 422)
- Adelaide Bank
- Advantage (Formerly known as Challenger / Interstar)
- AMP
- ANZ
- Australian First Mortgage (AFM)
- Australian Secured and Managed Mortgages (ASMM)
- Australian Unity
- Bank of Queensland (BQLD)
- BankWest (BW)
- Better Mortgage Company (BMC)
- Better Mortgage Management (BMM)
- Bluestone (Risk fee)
- Citibank
- Collins Securities
- Commonwealth Bank of Australia (CBA)
- FirstMac
- Heritage Building Society
- Homeloans Limited
- Homeside Lending
- ING Direct (REF risk fee and LMI)
- La Trobe Financial
- Liberty Financial (LMP risk fee and LMI)
- Loan Ave
- Mainstream Capital
- Merchant Mortgages
- MKM Capital (Risk fee)
- Mortgage Asset Services (MAS)
- National Australia Bank (NAB)
- Paramount Mortgage Services
- Pepper Home Loans (Risk fee)
- RAMS Home Loans
- St George Bank (StG / SGB)
- Suncorp Bank
- The Rock Building Society
- Westpac Bank (WBC)
- Borrower: ABC Pty Ltd As Trustee For The Smith Unit Trust
Mortgagor / property owner: ABC Pty Ltd As Trustee For The Smith Unit Trust
Guarantor: John Smith - Borrower: John Smith
Mortgagor / property owner: ABC Pty Ltd As Trustee For The Smith Unit Trust
Guarantor: ABC Pty Ltd As Trustee For The Smith Unit Trust - Temporary Business (457) (this is the most common subclass)
- Skilled Independent (189)
- Skilled Nominated (190)
- Skilled Nominated or Sponsored (489)
- Business Talent (132)
- Business Innovation and Investment (188, 888)
- Employer Nomination Scheme (186)
- Regional Sponsored Migration Scheme (187)
- A good income: Lenders tend to be quite strict when assessing your means of paying off a 5% deposit home loan, otherwise known as your ‘serviceability ratio’.
- Stable employment history: Although there are exceptions, this usually means that you’ve been working in the same job for the past 6 to 12 months.
- A clear credit history: Your credit file must have minimal credit enquiries and be free of defaults. As a general rule, credit cards, rent and bills like utilities and mobile plans need to have been paid on time for the past 6 months.
- Strong asset position: Lenders will assess your income to asset position relative to your age. It’s assumed, for example, that if you’ve been working full time for a few years that you’ll have a car and a decent amount of savings relative to your income.
- Little to no existing debt: Having more than one credit card and/or personal loans is a red flag for most lenders.
- Proof of 5% in genuine savings: This is usually in the form of consistent deposits into a savings account over a period of 3 months. There are some exceptions to this though.
- Non-traditional property or location: Banks are pretty conservative when it comes to property located in high rise units and small or regional. There are other types of ‘unusual property’ that may see your home loan application declined.
- With a guarantor home loan, you can borrow up to 105% of the property value.
- There are lenders that offer up to 95% LVR home loans.
- Lenders often have exposure limits or other restrictions so most high-net-worth doctors end up having more than one lender to service their needs.
- As you start adding more properties to your portfolio, seek advice about the Loan-To-Value Ratios in your portfolio. There's no one-size-fits-all approach.
- Save thousands of dollars in waived LMI
- Negotiate a competitive interest rate
- See if you can avoid LMI at higher LVRs
- Structure the loan so you can take advantage of LMI waivers and pay off your investment loan faster
- Get free property reports so you know what’s happening in Australia’s property market and see if you can use equity for your investment purchase.
- Find creative solutions to cater for small deposits and short-term ABNs, especially if you’ve transitioned from PAYG to self-employed.
- Do not use multiple accounts, as it can be difficult to track how much you’ve spent on each platform and budget repayments.
- Plan to make sure you have the funds to make payments on time. Set a realistic budget and stick to it.
- Do not link your account to a credit card. A credit card can lead to further debt and incur interest. If you use a debit card, you’re using your own money to pay instalments.
- Set reminders to check there are sufficient funds available when instalments are due. The instalments are automatically deducted from your nominated account. If you have sufficient funds, you avoid late fees.
- Read the fine print. Some companies perform a credit check, and some even report defaults to credit agencies.
- Try not to use these services if you have pressing debts and commitments to pay. You do not want to add more debt when you’re applying for a home loan.
- Try to reduce commitments and make early repayments if you can afford them.
- Do not use BNPL to purchase items and services you can’t afford.
- Tell your bank that you’re using buy now, pay later when applying for a home loan. You will be asked about it to ensure you have a good grasp of your finances and the banks like to avoid surprises when they do a credit check.
- A "land loan" to cover the cost of buying the block of land.
- The construction loan, to cover the building costs.
- An investment loan if you're planning to hold on to one of the properties.
- DA approval from the local council
- Clearing the block of land
- Driveway and landscaping
- Architects
- Engineers
- Legal fees
- The past history of income and how variable it was.
- The likely future reliability of this income.
- If there are any other income sources to support the application.
- The percentage of royalty income that is needed to prove that you can afford the home loan.
- Your partner has a valid temporary visa for Australia (see the temporary visa mortgage page for a list of acceptable visas).
- Your partner is living in Australia or has family ties to Australia.
- You and your partner have children together.
- You're married or have been in a de facto relationship for over two years.
- You're an Australian citizen or PR holder and you're the main income earner.
- Did the credit department accept my application?
- Has the lenders mortgage insurer approved my application?
- What are the conditions of approval?
- Can I satisfy the conditions of approval?
- Can I satisfy the conditions before I make an offer on a property or when going to auction?
- Can I bid at auction in the knowledge my loan will be approved?
- Accountants, including actuaries, finance managers, and auditors.
- Legal professionals, including solicitors, barristers, and lawyers.
- Medical practitioners, such as dentists, veterinarians, and doctors.
- Mining engineers, including surveyors, geologists, and geophysicists.
- We’ve helped many customers who are Australian citizens or dual citizens living overseas who want to invest in the Australian property market.
- We will choose a lender that accepts your situation. This way, you can avoid many of the headaches associated with applying for a loan.
- Most of our services are free.
- We know over 50 banks & lenders.
The second job needs to be in the same line of work so a role as a tutor will typically be accepted.
Some lenders will accept 100% of your income if you can show that you have a 6- to 12-month work history and have been earning a regular income.
If you’re self-employed, you need to have been working for at least 2-3 years and provide your tax returns, Notices of Assessment (NOAs) and an accountant’s letter to verify your income.
Some lenders will consider approval with less than three months’ work history if you’re in a strong financial position with a clear credit history.
It’s best to provide all of your income evidence from both roles, including payslips and tax returns, up front.
- We're not just familiar with bad credit scenarios; we specialise in them, ensuring you get optimal home loan solutions, regardless of your credit history.
- Wherever you are in Australia, our nationwide service ensures you have access to bad credit home loan options.
- Our track record speaks volumes, with a history of securing approvals for challenging loans, even if you've faced bank rejections before.
- With over 60 lenders at our disposal, we navigate through numerous loan options to secure rates that fit your specific situation.
- Benefit from free upfront property valuations and credit reports, aiding in a more informed and safer loan application process.
- Our legal commitment under the Best Interests Duty ensures that your financial well-being is always our priority.
- Our post-settlement team is always on standby, ready to assist, advise, and support you throughout your home loan journey.
Understand your borrowing capacity
Get pre-approval for your loan
Explore the best interest rates and loan options
- Apply for all the grants you’re eligible for
- Make the entire end-to-end process simpler for you
- Help you get a competitive interest rate on your home loan
- Make finding a property easier with suburb reports, and property reports of your choosing
- Order a free upfront valuation
- Help you through settlement and beyond.
- Apply for a guarantor home loan
- Be ready to pay LMI. You can use our LMI calculator to find out how much it costs.
- Apply for government grants and schemes available that help you buy with a lower deposit.
- Use our savings calculator to find out if you can reach your deposit goal.
- Apply with lenders who offer low-deposit home loans.
- First Home Guarantee (formerly known as the First Home Loan Deposit Scheme): For first-home buyers with a deposit of 5%.
- Family Home Guarantee: Single parents with dependants can buy or build a new home with a deposit of just 2% of the property value.
- First-home buyers can get grants and stamp duty concessions
- With a guarantor, you can borrow up to 105% of the property value to buy a home.
- There are low deposit and no deposit home loans available.
- The percentage of the property value you’re borrowing.
- How reliant you’re on the income from your flatmate.
- What evidence you can provide to show the rent income.
- Investor Retirement Visa (Subclass 405)
- Temporary Business (Long Stay) – Standard Business Sponsorship (Subclass 457)
- Foreign Government Agency Visa (Subclass 415)
- Domestic Workers Visa (Subclass 426)
- Diplomats Visa (Subclass 995)
- Medical Practitioner (Temporary) Visa (Subclass 422)
- Direct compliance or NCCP queries as well as compliments or complaints, to our Compliance Manager.
- Direct operational or process queries to our Operations Manager.
- Apply for all the grants you’re eligible for
- Make the entire end-to-end process simpler for you
- Help you get a competitive interest rate on your home loan
- Make finding a property easier with suburb reports, and property reports of your choosing
- Order a free upfront valuation
- Help you through settlement and beyond.
- Australia has the world’s highest proportion of households with uptake of rooftop solar energy. As of June 2022, there were nearly 3.2 million installations – about 30% of all homes. Installing a 5kW rooftop solar system saves an average Australian $909 yearly on electricity.
- Research suggests that installing solar systems adds value to the price and rental value of the property. Renters with rooftop solar panels pay $19 more, on average, in weekly rent.
- New homes could be constructed with greater insulation, double-glazed windows and lighter-coloured roofs to reduce future household emissions. The transition to green housing was accelerated at the meeting of the Building Ministers, which resulted in a mandated 7-star minimum Nationwide House Energy Rating Scheme (NatHERS) rating.
- Sustainable housing could add value to a property. Energy-efficient homes could be worth 5-10% more than comparable homes that are not.
- Households are adopting more energy-efficient appliances, heating and lighting solutions.
- Energy retailers offer renewable and carbon-offset products for environmentally conscious customers.
- Lenders have started to offer green home loans to encourage sustainable housing. They are also offering personal loans at discounted rates to retrofit green appliances, add rooftop solar systems and make other green upgrades.
- Inspect properties with people who think differently to you
- Talk to the agent and ask lots of questions
- Consider driving past the property at different times of day
- Use an inspection checklist, take notes and pictures
- Talk to neighbors, look around the street and use Google maps
- Notice if there are other people interested
- If you like a property, then get a pest and building report; if it’s an apartment or townhouse, get a strata report as well.
- We know which lenders will allow you to borrow 100% of the purchase price.
- As most of our brokers have worked for the major banks, we understand how they think.
- Our mortgage brokers can help you formulate your loan application to ensure approval.
- We offer nationwide service.
- The date a credit account is opened.
- Current limit on credit accounts.
- The nature of the credit account.
- The date a credit account is closed.
- 24 months account payment history which will tell the bank whether you paid the minimum amount required on your financial commitments each month or not.
- A "default" is listed on your credit file for being late by 60 days or more and for amounts you owe over $150, which is up from $100. It will still remain on your file for 5 years.
- Lose the opportunity to buy your dream house
- Miss taking advantage of the falling property market
- Be priced out of properties in the near future that you can afford now
- Food and beverage sales.
- Labor costs.
- Food costs.
- Menu and pricing.
- Marketing plan.
- Training and retention programs.
- Get pre-approved for a home loan.
- Request a free upfront property valuation.
- Ensure that the property is acceptable to lenders.
- The pre-approval was worthless because it was an ‘on-the-spot’ or system-generated approval.
- The lenders mortgage insurer declined the application.
- The security of the property was unacceptable.
- The pre-approval expired.
- Your circumstances changed, like a change in job, getting approved for a car loan, or having a baby, so your application has to be reassessed.
- Most lenders tweak their lending policy monthly, so they might approve the loan only if it meets their new requirements.
- If interest rates rise, then the maximum amount you can borrow when getting an unconditional approval could decrease.
- 80% – 85% rental income from the property you are buying.
- Our best lenders will actually use 100% of your foreign income as long as you're in a strong financial position.
- In most cases though, lenders will use between 60% and 90% of your actual income so you may need to bear some money in Australian dollars (AUD) or be earning substantial rental income from Australian real estate.
- In some cases overtime, allowances, commission and bonus income are ignored.
- Income from businesses outside of Australia (case by case basis).
- Australian tax rates even if you are living in a country without income tax (some exceptions).
- Loaded repayments on your foreign loans to allow for interest rate movements (some exceptions).
- Confirming which lenders/mortgage insurers are likely to accept your mortgage application.
- Using the state you're in to calculate the stamp duty on your LMI premium correctly.
- Determining whether you may be eligible for a special discount or waiver.
- The switching process might seem daunting and lengthy, but our mortgage brokers can help you save the legwork. We’ll guide you through the documents and information required to discharge your existing loan.
- We will assess your situation and recommend a home loan product that fits your goal and situation.
- We are legally obligated to operate under Best Interests Duty. We will outline our reasons as to why we’re recommending you the home loan. We will outline the benefits of choosing the recommended home loan and its additional features.
- We have over 50 lenders on our panel, each specialising in niches from bad credit, low doc loans, low deposit, etc. We are experienced in helping borrowers in complex lending situations and know the complicated credit policies of our panel of lenders.
- We let you know upfront how much it would cost when you want to switch lenders or home loan products.
- We can negotiate a competitive interest rate based on the strength of your application.
- Apply for all the grants you’re eligible for
- Make the entire end-to-end process simpler for you
- Help you get a competitive interest rate on your home loan
- Make finding a property easier with suburb reports, and property reports of your choosing
- Order a free upfront valuation
- Help you through settlement and beyond.
- Apply for all the grants you’re eligible for
- Make the entire end-to-end process simpler for you
- Help you get a competitive interest rate on your home loan
- Make finding a property easier with suburb reports, and property reports of your choosing
- Order a free upfront valuation
- Help you through settlement and beyond.
- NSW Farmers.
- Victorian Farmers Federation.
- Queensland Farmers’ Federation.
- Tasmanian Farmers & Graziers Association.
- South Australian No-Till Farmers Association.
- NT Farmers.
- WA Farmers.
- Confirming which lenders/mortgage insurers are likely to accept your mortgage application.
- Using the state you're in to calculate the stamp duty on your LMI premium correctly.
- Determining whether you may be eligible for a special discount or waiver.
- Investor Retirement Visa (Subclass 405)
- Temporary Business (Long Stay) – Standard Business Sponsorship (Subclass 457)
- Foreign Government Agency Visa (Subclass 415)
- Domestic Workers Visa (Subclass 426)
- Diplomats Visa (Subclass 995)
- Medical Practitioner (Temporary) Visa (Subclass 422)
- Inspect properties with people who think differently to you
- Talk to the agent and ask lots of questions
- Consider driving past the property at different times of day
- Use an inspection checklist, take notes and pictures
- Talk to neighbors, look around the street and use Google maps
- Notice if there are other people interested
- If you like a property, then get a pest and building report; if it’s an apartment or townhouse, get a strata report as well.
- Get you incredible interest rates
- Understand your situation to get tough loans approved
- Provide post-settlement services. Our relationship does not end at settlement. We will be with you throughout the life of your home loan
- Provide free upfront valuations and credit reports.
- Lenders often have exposure limits or other restrictions so most high-net-worth doctors end up having more than one lender to service their needs.
- As you start adding more properties to your portfolio, seek advice about the Loan-To-Value Ratios in your portfolio. There's no one-size-fits-all approach.
- Save thousands of dollars in waived LMI
- Negotiate a competitive interest rate
- See if you can avoid LMI at higher LVRs
- Structure the loan so you can take advantage of LMI waivers and pay off your investment loan faster
- Get free property reports so you know what’s happening in Australia’s property market and see if you can use equity for your investment purchase.
- Find creative solutions to cater for small deposits and short-term ABNs, especially if you’ve transitioned from PAYG to self-employed.
- We have published a handy guide which shows the best available Australian interest rates for foreign investors.
- Ensure that you prepare all necessary loan documents, such as payslips, tax returns and an employment letter to prove your income.
- Investors from overseas: If you’re a foreign citizen looking to buy an investment property in Australia.
- Temporary residents: If you’re living in Australia on a temporary visa such as a work visa or a spouse visa.
- Australian expatriates: If you’re an Australian citizen living overseas looking to buy real estate back home.
- NZ investors: If you’re a New Zealand citizen then some lenders have less restrictive lending guidelines.
- Apply for all the grants you’re eligible for
- Make the entire end-to-end process simpler for you
- Help you get a competitive interest rate on your home loan
- Make finding a property easier with suburb reports, and property reports of your choosing
- Order a free upfront valuation
- Help you through settlement and beyond.
- Apply for all the grants you’re eligible for
- Make the entire end-to-end process simpler for you
- Help you get a competitive interest rate on your home loan
- Make finding a property easier with suburb reports, and property reports of your choosing
- Order a free upfront valuation
- Help you through settlement and beyond.
- Investor Retirement Visa (Subclass 405)
- Temporary Business (Long Stay) – Standard Business Sponsorship (Subclass 457)
- Foreign Government Agency Visa (Subclass 415)
- Domestic Workers Visa (Subclass 426)
- Diplomats Visa (Subclass 995)
- Medical Practitioner (Temporary) Visa (Subclass 422)
- Inspect properties with people who think differently to you
- Talk to the agent and ask lots of questions
- Consider driving past the property at different times of day
- Use an inspection checklist, take notes and pictures
- Talk to neighbors, look around the street and use Google maps
- Notice if there are other people interested
- If you like a property, then get a pest and building report; if it’s an apartment or townhouse, get a strata report as well.
- Lose the opportunity of buying your dream house
- Miss taking advantage of the falling property market
- Be priced out of properties in the near future that you can afford now.
- Ernst & Young
- KPMG
- Minter Ellison
- Allens Arthur Robinson
- Gadens
- Henry Davis York
- Corrs Chambers Westgarth
- Freehills
- Mallesons Stephen Jacques
- Clayton Utz
- PKF
- PWC
- Deloitte
- McGrath Nicol
- Grant Thornton
- Genuine savings requirement,
- Borrowing power including living expenses and income assessment,
- Credit score,
- Property location, i.e. postcode restriction as any of them could see your application get knocked back!
- An arrears management fee.
- A dishonour fee as a result of insufficient funds in your account to make your repayment.
- A default interest rate on overdue payments.
- Always make sure you talk to your bank. Don't hide from them!
- If you took out unemployment, accident or sickness insurance when you obtained your loan, you may be able to claim on that insurance.
- Seek advice from a professional such as a qualified financial counsellor or financial adviser.
- If managing your money is an ongoing problem then fixing your late payments won't solve the issue! Seek help from a professional.
- Borrow more money, use your credit card or increase your limit: You're simply putting yourself further into the red.
- Borrow money from family and friends: You're not only putting yourself in more debt but you're putting your relationship to the test.
- Consolidate debt or switch home loan products without careful consideration: An experienced mortgage broker can properly assess your situation, weigh up the costs and let you know if you will, in fact, be in a better financial position by doing so.
- NSW: Financial Rights Legal Centre
- TAS: Consumer Credit Helpline
- VIC: MoneyHelp
- WA: Consumer Credit Legal Service
- NT and QLD: National Legal Aid
- Confirming which lenders/mortgage insurers are likely to accept your mortgage application.
- Using the state you're in to calculate the stamp duty on your LMI premium correctly.
- Determining whether you may be eligible for a special discount or waiver.
- Apply for all the grants you’re eligible for
- Make the entire end-to-end process simpler for you
- Help you get a competitive interest rate on your home loan
- Make finding a property easier with suburb reports, and property reports of your choosing
- Order a free upfront valuation
- Help you through settlement and beyond.
- Apply for all the grants you’re eligible for
- Make the entire end-to-end process simpler for you
- Help you get a competitive interest rate on your home loan
- Make finding a property easier with suburb reports, and property reports of your choosing
- Order a free upfront valuation
- Help you through settlement and beyond.
- Mortgage deferrals (the time differs according to each lender)
- Loan deferrals for small businesses
- Temporary reductions in repayments
- Switch to interest-only repayments for the short term.
- Refinance to a lower interest rate or a better deal to manage your repayments.
- Use the money from your offset or redraw account to manage repayments.
- Release equity to give you cashflow if income is affected.
- Consolidate debt to make repayments manageable.
- Purchases: The LVR is determined on the valuation of the property or the purchase price, whichever is lower.
- Refinances: The LVR is the loan amount as a percentage of the valuation only.
- Construction loans: The LVR is determined on either of the cost (land value plus tender) or the on-completion valuation, whichever is lower.
- 95% LVR: $750,000 (some lenders consider up to $2,500,000).
- 90% LVR: $850,000 (some lenders consider up to $2,500,000).
- 80% LVR: $1,000,000 (some lenders consider up to $4,000,000).
- 70% LVR: $2,000,000 (some lenders consider up to $6,000,000).
- 60% LVR: $2,500,000 (Unlimited loan sizes are available from lenders that don't have exposure limits).
- Maximum LVR of 95%.
- For small towns not listed as Category 1, 2 or 3, a maximum LVR of 90% is applicable.
- If the LVR exceeds 85% then 10% of the purchase price must be evidenced as genuine savings.
- Clear credit history.
- Acceptable income (as per normal guidelines).
- Maximum 90% LVR.
- Maximum of four debts, including the existing home loan can be consolidated.
- Repayment history on all debts must not show any late payments, missed payments, over limits or arrears fees for the prior six months.
- Where funds are released directly to the borrower, equity release parameters are to be observed.
- Maximum LVR of 95% of revised (on-completion) valuation including all improvements. The valuation must be done by a registered valuer, that evidences the successful completion, prior to the final progress payment.
- Examples of acceptable home improvements include replacement or major upgrade of kitchen or bathroom, the construction of swimming pool, garage or carport, extensive landscaping, upgrade or inclusion of a concrete driveway and/or complete re-roofing of premises.
- If the current value of the security property is sufficient to support the proposed loan amount then the funds can be released to the borrower and progress payments may not be required.
- Loans for development finance (construction of more than 2 dwellings on one block of land, purchase of multiple blocks of vacant land in a sub-division, refinancing commercial facilities that have been used to fund development finance or developers gearing up against residual stock to fund next development).
- Vendor Finance (WRAP Finance).
- Refinance of debts to the ATO or other tax debts.
- You must contact a participating lender to assess your eligibility before you lodge an application with Revenue NSW.
- Once you’re successful, you will be informed of the maximum contribution amount from the government. The participating lender will then process your application and offer pre-approval. You will then have three months to find and purchase a home.
- To get final approval, you must provide the participating lender with evidence of eligibility and prove that the government contribution is necessary for you to buy the property.
- Once you have final approval, you will get a written confirmation from Revenue NSW to purchase your home.
- No genuine savings home loans are usually available only for buying a home to live in, not for investment.
- Not available when purchasing vacant land or constructing.
- Max land size with most lenders is 2.2ha.
- Properties in small towns or remote areas may not be considered.
- The ratio of your net disposable income to your total debts should be at least 110%.
- You’ll be able to borrow only up to 95% of the property value up to $650,000 as opposed to $1 million if you had genuine savings.
- A boom is not always the best place to start. Look at when markets are stable and poised for growth. This way, you enter the market when prices are more affordable and can sell when there's a boom.
- When there is a boom, you can use the equity from existing property to grow your investment portfolio
- Take note of early market upswings, not just peaks.
- Waiting for prices to cool down will take time. Investing in property is a relatively low-risk bet, as land is scarce and demand for it will continue to grow.
- The government might announce various schemes and benefits before a downturn, as a buoy for the property market.
- When mortgage interest rates are low, it might be a good time to start saving for a home deposit and entering the market.
- If you already own property, you can use the equity during the boom to pay off your student loans, car loans or other debts.
- Competition is rife during a boom, when prices are high. Make sure you can afford to repay your home loans without any hardships.
- Save as much as you can between signing the contract and settlement.
- Before signing the contract, consider asking your parents if they can act as a guarantor if you’re unable to come up with a larger deposit at settlement.
- Make sure you’re up-to-date with your financials for the purposes of verifying your income at settlement, particularly when it comes to your tax obligations as a self-employed applicant.
- Pay your mobile phone bills, rent and other debt facilities on time to avoid getting black marks on your credit file.
- Organise an appointment with the selling agent or property manager for a private inspection. Only you and the agent should be present during the inspection.
- Online auctions, which are done remotely, so you do not have to be onsite.
- Pre-settlement inspections should be arranged when the lockdown rules are relaxed.
- If your settlement is near and you need to sign the contract of sale, do so remotely or, if possible, defer to when restrictions are removed or weakened. Talk to your conveyancer or solicitor to see what options are available.
- Agency employees/temporary workers with a history of employment in other temp jobs, or
- Temp/agency workers that have just started in a permanent position are all eligible for home loans.
- Partner has a valid visa for Australia.
- Partner is living in Australia.
- Partner has ties to Australia such as family living in Australia.
- You have children together.
- You are married or have been defacto for over two years.
- The Australian citizen or PR holder is the main income earner.
- No genuine savings home loans are usually available only for buying a home to live in, not for investment.
- Not available when purchasing vacant land or constructing.
- Max land size with most lenders is 2.2ha.
- Properties in small towns or remote areas may not be considered.
- The ratio of your net disposable income to your total debts should be at least 110%.
- You’ll be able to borrow only up to 95% of the property value up to $650,000 as opposed to $1 million if you had genuine savings.
- Metricon Homes
- BGC (Australia)
- Meriton Apartments
- ABN Group
- Brookfield Multiplex
- Simonds group
- Henley Properties
- MJH Group
- Burbank Homes
- GJ Gardner Homes
- Mirvac group
- Porter Davis Homes
- Carlisle Home Pty Ltd
- Hickinbotham Group of Companies
- JWH Group
- Masterton
- Pindan Pty Ltd
- Impact Homes Pty Ltd
- L.U. Simon Builders Pty Ltd
- Beechwood
- Look for experienced builders.
- You could ask for contacts of their previous customers and find out their experience and if they were happy with the final product.
- How long have you been building?
- How many packaged homes have you sold?
- Do you have an acceptable level of builder's warranty and insurance?
- What is not included in the fixed price contract?
- Don't commit to buy land or build until you are pre-approved.
- Make sure your lender or mortgage broker is experienced with construction loans.
- Make sure that your land contract and building contract has a subject to finance clause or cooling off period just in case the lender's valuation comes in low or they decline your loan for any other reason.
- Get legal advice from your solicitor before signing a Contract of Sale (land) or a building contract.
- Ask your mortgage broker to calculate your funds to complete (required deposit) for both the land purchase and the construction.
- Have a sufficient deposit because some lenders may require you to use all of your deposit to pay the initial invoices before releasing funds.
- Have funds on standy! Building costs can quickly blow out and a shortfall in the valuation means you'll need to provide additional funds to cover the cost of the construction or land purchase.
- To minimise cost blow-outs and building delays, make up your mind on design, materials, finishes and fittings before you start building.
- Do you have friends who are in the building industry? Get them to guide you through the process of building.
- You're trying to get the council, builder and a lender to work together so expect delays and problems!
- Having a larger deposit always helps. For instance, if you’re borrowing only 80% of the property value, banks are more lenient than if you’re borrowing up to 95%.
- You can mitigate past weak spots in one of the 5 C’s by doing particularly well in that area after the problem occurs. For example, if you have a default on your credit file, it’s a Character issue. To mitigate this, show evidence that you’ve paid rent on time over the last three years, which shows the strength of Character.
- If your lender does not assess bonus income, you can show evidence that you’ve been receiving bonus income for the past five years and get a confirmation letter from your employer that you will receive it in the future. Banks will not believe what you say without the documents and evidence to back it up.
- However, don’t give too many documents, as the lender will scrutinise each one, which could raise more questions.
- Lose the opportunity of buying your dream house
- Miss taking advantage of the falling property market
- Be priced out of properties in the near future that you can afford now.
- Lose the opportunity of buying your dream house
- Miss taking advantage of the falling property market
- Be priced out of properties in the near future that you can afford now.
- Yes! You can apply for a higher loan amount than you actually need in order to purchase an investment property.
- You will need to be able to show that you have a strong financial position to afford the new loan amount and have a clear credit file.
- Your last two years’ tax returns.
- They may ask you for more financial evidence like recent profit and loss statements, if your latest tax return is more than 6 months old.
- Your last 2 years individual and business tax returns and accompanying notices of assessment (NOA).
- Your Australian Business Number (ABN) showing that you’ve been trading for the past two years.
- 95% of the property value to buy a standard property as an investment property.
- 80% of the property value if you’re applying for a company low doc home loan.
- Case by case if you’re buying a commercial property.
- Upfront commission: 0.65% (+GST) to 0.7% (+GST)
- Trail commission: 0.165% (+GST) to 0.275% (+GST)
- Hassle-free experience
- Access to wide range of major banks and lenders
- Service from scratch to the end, from submitting your application to settling your loan and even after settlement
- Access to specialist lending if you do not quite fit into standard policies
- Fast and easy approval because experts are involved
- Tough home loans get approved because they know the best approaches
- Negotiates sharp interest rates and other benefits on your behalf
- Your full name and that of your partner if you’re married or in a de facto relationship
- The address
- Your parents’ signatures, with the date
- Medium-Term or MLTSSL stream (4 years): Borrow up to 90% of the property value as a special exception to standard lending policy with a couple of our lenders.
- Short-Term or STSOL stream (1-2 years): Borrow up to 80% of the property value with one of our lenders.
- Married or defacto with an Australian citizen or permanent resident (PR): Borrow up to 95% of the property value if your partner is an Australian citizen or permanent resident (PR) visa holder.
- Visa expiry: As a general rule, your visa must have over 12 months remaining, however, there are some exceptions.
- Medical professionals: If you’re a doctor or medical professional you may qualify for significantly reduced interest rates and waived Lenders Mortgage Insurance (LMI).
- Legal professionals: If you’re a lawyer or barrister you may qualify for reduced interest rates and waived LMI.
- Deposit requirements: Many banks have reduced their maximum Loan to Value Ratio (LVR) on investment loans down to 80%. This means most banks will need you to have a 20% deposit. If you don't have a sufficient deposit, you'll need to have a guarantor instead.
- Genuine savings: Genuine savings are basically savings you've held or collected in a bank account for three months at least. You'll need to have at least 5% in genuine savings. However, some may require you to have as much as 10% in genuine savings.
- Equity: You may need to have equity in another property if you're borrowing more than 90% LVR.
- Good credit history: Banks prefer borrowers with little to no bad credit records. This also means your credit score needs to be above average.
- Stable employment: Banks will want to see that you can afford the investment loan. This means you'll need to have a strong income with stable employment. If you're self employed or a professional investor, you'll simply need to show a strong stable income. The level of income required depends on the loan amount as well as the bank you apply with.
- 60% LVR for commercial farms. All loans will be assessed case by case using rural farm guidelines.
- 70% LVR for land blocks over 60 hectares or 148.3 acres. All loans will be assessed case by case.
- 80% LVR for land blocks up to 60 hectares or 148.3 acres. Most lenders may not approve your application though.
- 95% LVR for land blocks up to 11 hectares or 27.2 acres. However, some lenders may not let you borrow more than 80%.
- A property can see a huge increase in value when rezoning is announced.
- It can allow you to subdivide your lot or sell it to a developer who can subdivide and build residential unit blocks or commercial and industrial properties.
- Typically for loans less than 80% of the property value (80% LVR).
- Not all properties give a reliable result from a desktop valuation.
- Not available for construction loans.
- Your deposit: Most lenders require you to have saved 5% of the purchase price but some of our lenders will allow for your deposit to come from equity in another property, a personal loan or a gift from your parents or a close relative.
- Investment portfolio: Some lenders will only allow you to borrow 95% LVR if you have equity in another property. However, exceptions can be made.
- Negative gearing: Only some lenders take negative gearing benefits into account so you’ll need a strong income.
- Credit history: Your credit file should be clear of black marks including defaults, judgments, bankruptcy and too many credit enquiries.
- Employment: Being in your current job for 6 to 12 months is a requirement for most lenders but not for all of them.
- Your investment property: Lenders prefer standard properties in capital cities or major regional locations however some lenders can consider exceptions.
- If the property can be used as a home: If the property is a normal house and the zoning allows the property to be converted back for residential use, then you may be able to borrow up to 90% of the property value.
- If you rent out the attached residence: You can borrow up to 80% of the property value with a commercial loan.
- If you live in the attached residence: You can borrow up to 75% of the property value with a special type of commercial loan.
- If you use the property for your business: You can borrow up to 75% of the property value, depending on the strength of your business financials.
- The bigger the loan, the lower the rate!
- Borrowing under 80% of the property value will get you a better rate with some lenders.
- Banks offer better deals on home loans than investment loans.
- Banks will offer a better rate to win a new customer which is why people refinance.
- Investment loans and interest only loans tend to have higher rates but some banks will still negotiate
- Some banks refuse to negotiate if you owe over 80% of the property value.
- Most banks will not negotiate the rate for low doc loans so it's often better to refinance.
- The bank may not have an appetite for your customer type, for example, if you're a non-resident, self-employed or you're a property investor.
- If you've missed payments on your debts, they'll refuse to negotiate so it's better to refinance.
- Banks don't offer their existing borrowers the best rates. They actually punish loyalty!
- You can borrow up to 105% of the purchase price. You and your parents would need to contribute 25%, while the lender will lend you up to 80%.
- Loan term for the family loan: Up to 25 years or you can pay it back early with no fees or break costs applied.
- Mortgage loan term: Standard 25 to 30-year terms available
- Interest rate: You’ll pay a slightly higher interest rate with a specialist lender as well as a margin for the interest rate on the loan from your parents.
- Borrow up to 95% of the property value: You'll need a clean credit file, regular income (casual teachers are accepted), and you'll need to buy a standard residential property in a metro location.
- Borrow up to 110% of the property value: A guarantor loan allows you to borrow 100% of the property value plus the purchase costs.
- Negotiate interest rates: We have strong relationships with major banks and lenders, so we get to negotiate with them to work on getting a a competitive interest rate for you.
- The type of trust: Trusts are assessed in many different ways. Some banks prefer discretionary or family trusts while others are happy with hybrid, property investor and self-managed superannuation fund (SMSF) trusts.
- The trust credit file: The directors and beneficiaries of a trust have credit files but did you know that trustee companies and, in some cases, trusts have a credit file as well? The banks check the file for applications to other banks and for any blemishes.
- The trust deed: The trust deed confirms who the beneficiaries and the trustee actually are. The deed will be checked to make sure that the trustee has the power to apply for loans for the trust.
- The loan structure: Many people choose to have the loan in the name of the trustee or director of the trustee company rather than in the name of the trust. In other words, the director of the trustee company is the borrower while the trust is the mortgagor. This is done to take advantage of negative gearing benefits when using a unit or hybrid trust.
- The beneficiaries: Did you know that some lenders require all adult beneficiaries to be guarantors? Most trusts have two, three or more beneficiaries and these structures can make it difficult to borrow money.
- Switch to a variable rate without paying break fees if interest rates go down during the fixed term.
- Make extra repayments without caps or penalties.
- Split their loan up to four ways and take advantage of an offset sub-account applicable on any variable interest rate portion.
- The type of trust: Trusts are assessed in many different ways. Some banks prefer discretionary or family trusts while others are happy with hybrid, property investor and self-managed superannuation fund (SMSF) trusts.
- The trust credit file: The directors and beneficiaries of a trust have credit files but did you know that trustee companies and, in some cases, trusts have a credit file as well? The banks check the file for applications to other banks and for any blemishes.
- The trust deed: The trust deed confirms who the beneficiaries and the trustee actually are. The deed will be checked to make sure that the trustee has the power to apply for loans for the trust.
- The loan structure: Many people choose to have the loan in the name of the trustee or director of the trustee company rather than in the name of the trust. In other words, the director of the trustee company is the borrower while the trust is the mortgagor. This is done to take advantage of negative gearing benefits when using a unit or hybrid trust.
- The beneficiaries: Did you know that some lenders require all adult beneficiaries to be guarantors? Most trusts have two, three or more beneficiaries and these structures can make it difficult to borrow money.
- 90% of the property value: No genuine savings required.
- 95% of the property value: LMI applies and you must show that you have at least 5% in genuine savings.
- 100% loans: Available with some of our lenders if you have a guarantor.
- 95% of the construction costs: You’ll need to be in a strong financial position, including having a perfect credit history, regular income and genuine savings.
- 80% of the value of the land plus construction costs: Most banks do not lend for cost plus building contracts so the key is to apply with the right lender.
- Borrow up to 100% with a guarantor loan: You can borrow the full costs of construction if your parents are happy to act as guarantors on your construction loan.
- ANZ Discharge Authority Form
- BankWest Discharge Authority Form
- CBA Discharge Authority Form
- NAB Discharge Authority Form
- St George Bank Discharge Authority Form
- Westpac Discharge Authority Form
- Borrow up to 95% of the purchase price: This is on a case by case and the workers’ compensation must be permanent for at least 5 years.
- Borrow up to 90%: If you’re returning to working in less than 2 months and can provide a letter from your employer confirming the date you will return to work, the terms of employment and your income. The funds won’t be advanced until your return to work. On a case by case basis, there are a few lenders who may consider your situation if you're returning to work after 2 months.
- 100% of income protection payments: Some banks will only accept 50% of income protection payments but some of our lenders will use 100% of this income (conditions apply).
- Shorter loan term applies: The home loan must be paid by the time your retire and stop receiving payments. Alternatively, you can provide the lender with a financial planner-approved exit strategy so you have a chance at qualifying for a longer loan term.
- Refinance your mortgage: Depending on your injuries or illness, we can help you to refinance your mortgage and access equity to renovate your home to meet your needs. This includes building ramps or installing railings.
- Permanent disability: The lenders will be more likely to accept this type of income.
- Temporary disability: Considered on a case by case basis depending on the nature of the injury or illness.
- Disability income not ongoing: If you’re not returning to work and your worker’s compensation payments are not set to continue then we cannot assist you with a home loan.
- Borrowing 95% of the property value: investors purchasing a DHA property can apply for a home loan for up to 95% of the property value. You can also borrow additional funds to pay for Lenders Mortgage Insurance (LMI) to a maximum of 97% of the purchase price.
- 90% no LMI: Waived LMI available with some of our lenders when borrowing up to 90% and buying a DHA property as an investment.
- Borrowing 100% of the property value: WIth a guarantor, you can borrow up to 100% of the property value plus the costs of completing the purchase.
- 100% of your rental income less management fees: we know banks that can include 100% of rent less any management fees (normally 16.5%). This means that some banks can accept 83.5% of your rent.
- Borrow up to 105% of the property value: You can borrow the full purchase price of the property including the cost of Lenders Mortgage Insurance (LMI) if your parents can act as guarantors.
- Borrow up to 95% of the property value: You must be in a strong financial position and borrowing within your means.
- Currently pregnant: Expectant children are not classed as dependents so the lender will instead want to know what your financial plans are when on maternity leave and if and when you intend to return to work.
- Children is over 18: Lenders vary in how they assess your borrowing power and it can vary greatly depending on whether your child is financially-dependent on you or not.
- Paying child support: If you are paying child support then this should be included as an expenses but you should put zero children in your application as otherwise this expense will be counted twice.
- Families with more than four children: Larger families may find that lenders vary significantly in the way they assess your monthly expenses so it’s very important that you assess your own living expenses accurately to make sure you borrow a reasonable amount.
- Interest only home loan: You can borrow up to 90% of the property value if you have a good reason for choosing interest only or up to 95% with some of our lenders (strict criteria applies).
- Interest only investment loan: You can borrow up to 90-95% of your investment property value with interest only repayments (select lenders only).
- Interest only term: The maximum available in Australia is 10 years.
- Getting a low rate: Banks load the interest rate for interest only loans anywhere from 0.1% - 0.55%. You’ll also pay more in interest over the term.
- Extending an interest only period: Extending is often declined by a bank if you’ve already had an interest only period in which case you may need to refinance.
- Maximising your borrowing power: Banks use different methods to calculate your borrowing power if your new or existing loans are interest only.
- Existing debt: If the size of your debts, including your current mortgages become greater than your income then you'll end up with a default. It's important that you consolidate any debt before applying for a mortgage.
- Personal circumstance: Sudden events like losing your job, loss of income or failed businesses can drive people to default.
- Change in government legislation: This includes changes to borrowing limits, tax policies, lending policies, tax benefits, or Foreign Investment Review Board (FIRB) laws.
- This general rule applies to land over 60 hectares in size
- For land between 2.2 hectares and 60 hectares and zoned residential, you may be able to borrow between 80% all the way up to 95% of the land value
- For land up to 50 hectares with a house on the block, you may be able to borrow up to 95% of the property value
- For vacant farmland, you're generally restricted to 60% but you may be able to borrow up to 70% if you have a strong situation.
- Minor renovations with a licensed builder: You can typically borrow 95% of the purchase price plus the cost of renovations for cosmetic renovations.
- Minor renovations with no builder: You can usually borrow up to 90% of the purchase price plus the cost of renovations.
- Major renovations: You can usually borrow up to 80% unless you have a contract builder, in which case you can borrow 95% of the purchase price plus the cost of the renovations.
- Knockdown / rebuild: You can normally borrow up to 90% of the land value or 95% of the total land's cost plus construction costs with a licensed builder.
- Knockdown / rebuild with no builder: You can borrow up to 60% of the cost of the land and the renovations if you're doing it yourself.
- No intention to renovate: You can usually borrow up to 80% of the property value depending on property's location and condition.
- Low doc: You can borrow up to 80% of the purchase price plus construction cost.
- Borrow 105% of the property value: If your parents can act as a guarantor, you can borrow the full purchase amount including completion costs.
- Discounts: Competitive professional package and basic loan discounts are available.
- New Auto Masters store: Borrow up to 50-70% of the franchise costs or up to 100% using a residential property as security.
- Loan term: 10 years.
- Loan term with property as security: 25 to 30 years (standard loan term).
- Interest rate: Discounts available depending on the strength of your application.
- Interest only: 2 years or more depending on whether you’re using a residential property as security.
- Business plan: You’ll be required to have an accountant-approved business plan which shows revenue and cash flow forecasts.
- Business experience: The bank and the franchisor would like to see that you have at least 2-3 years experience managing a similar-sized operation.
- Good asset position: This means a strong income and low debt-to-income ratio.
- Low doc options: Not available.
- CBA- MAV package low doc standard variable rate / MAV package low doc rate line of credit residential equity / MAV package low doc standard variable rate / Low doc line of credit residential equity rate / Low doc standard variable rate loan.
- Westpac- Premier advantage low doc rocket repay home loan / Premier advantage low doc variable investment loan / Premium option home loan low doc / Variable rate investment property loan low doc / Low doc variable investment property loan / Low doc equity access loan.
- St George- Professional benefits low doc portfolio loan / Professional benefits low doc / Low doc portfolio loan variable rate / Low doc variable rate.
- Suncorp- Low doc back to basics variable rate / Low doc asset line / Low doc standard variable rate.
- ANZ- Professional benefits standard variable residential land loan / Professional benefits standard variable rate / Breakfree equity manager / Equity manager low doc 60 / Standard variable rate low doc 60 / Professional benefits equity manager.
- NAB- Tailored home loan low doc / National flexi plus low doc.
- And many more.
- Personal loan.
- Credit card.
- Guarantor loan.
- Borrowed deposit from your family.
- Lower interest rates, no upfront fees (usually) and low ongoing fees including monthly and account-keeping fees.
- You become a part owner in the bank and have a say in significant company decisions.
- You get the same consumer protection as if you were applying a major bank.
- Code of Practice: Apart from the Banking Act 1959 (regulated by the Australian Prudential Regulatory Authority), customer-owned banks adhere to COBA's Code of Practice, which sets out '10 Key Promises To You' in relation to acting in the best interests of customers (responsible lending) and the local community and environment.
- Deposits up to $250,000 are covered by an Australian government guarantee.
- Borrowing limited to 90-95% of the property value: This means you'll need a 5-10% deposit as a minimum. Some of our non-mutual bank lenders offer guarantor loans meaning you can borrow up to 105% of the property value or Loan to Value Ratio (LVR).
- Slower settlement times: The time from your application being submitted and the home loan being settled can sometimes blow out to 3 or 4 weeks, particularly if the bank is offering a special interest rate. This compares to average processing times of 2 weeks.
- Nothing outside of the box: What this means is customer-owned banks tend to only deal with customers who have a good deposit, a clear credit history can provide complete evidence of their financial situation, are Australian citizens and work either full time or part time. This is what mortgage brokers call "vanilla" clients and if you fall outside of this definition, you'll likely be declined by these lenders.
- bankmecu: Australia's first mutual bank
- Community First Credit Union: The largest credit union operating throughout Sydney and the Central Coast region
- Border Bank: Services employees of the Australian Customs and Border Protection Service
- G&C Mutual Bank: Formerly SGE Credit Union
- Heritage Bank: The largest customer-owned bank in Australia.
- P&N Bank: Formerly known as a the Police & Nurses Credit Society, P&N is WA's largest locally-owned bank
- Police Bank: Customs Bank is a division of Police Bank
- Teachers Mutual Bank: Formerly the Hornsby Teachers Association Credit Union
- Investor: 80% of the property value
- Low doc: 60% of the property value
- Construction: 80% of the property value
- Discounts: Competitive professional package and basic loan discounts are available.
- Investor: 65% of the property value.
- Low doc: 60% of the property value
- Construction: 70% of the Gross Realisation (the on completion value) or 80% of the hard costs (land value plus construction costs), whichever is less.
- Discounts: Competitive professional package and basic loan discounts are available in some cases.
- Investor: 70% of the property value (up to 80% on a case by case basis for very strong applicants).
- Low doc: 60% of the property value.
- Discounts: Competitive professional package and basic loan discounts may be negotiated with the lender for larger loans.
- Investor: 70% of the property value.
- Low doc: 60% of the property value.
- Discounts: We have access to specialised commercial lenders who can consider approving your loan at close to the residential Bank Standard Variable Rate, which is far less than a commercial rate.
- Doctors, dentists, vets, optometrists and pharmacists.
- Accountants (CPA preferred), including actuaries, finance managers and auditors. Please see the page for specific income requirements.
- Legal professionals including solicitors, barristers and lawyers. Please see the page for specific income requirements.
- Professional athletes including NRL players, AFL players, soccer players, cricketers, basketballers, motorsports drivers, cyclists, tennis players and Olympians.
- Entertainment professionals and celebrities including DJs, actors/actresses, musicians, models, photographers, filmmakers, journalists, presenters, producers, directors and writers/authors.
- Mining engineers including surveyors, quantity surveyors, geologists and geophysicists, aren't eligible for waived LMI however, depending on your income position, you may qualify for significant interest rate discounts.
- Other high income professionals are eligible for interest rate discounts (see below).
- Your full name, date of birth, gender, address, previous address, drivers licence number, employer and previous employer.
- Records indicating the timeliness of the last two years' repayments for your current debts.
- Company directorships.
- Loans that you have applied for in the last five years are listed as enquiries.
- Loans or accounts where you are more than 60 days overdue are listed as defaults.
- Court judgments.
- Court writs.
- Bankruptcy history (including Part IX history).
- Buy now pay later accounts and transactions
- Defence Force Retirement & Death Benefits Scheme (DFRDB).
- Commonwealth Superannuation Corporation (ComSuper).
- Military Superannuation & Benefits Scheme (MilitarySuper).
- Borrow up to 95% of the property value or up to 105% with a guarantor.
- Interest rate discounts.
- Negotiated interest rate discounts that aren't offered to the general public.
- Waived Lenders Mortgage Insurance (LMI) for loans up to 90% of the property value.
- Higher mortgage exposure limits when purchasing multiple properties so you can rapidly grow your investment portfolio.
- You must be earning a minimum of $120,000 – $150,000 per annum*
- Your home loan can be in the name of a company or trust structure.
- You are borrowing up to 80% of the value of your property.
- Your credit history is clear (some exceptions are made).
- You have made your payments on time every time for the last 6 months (some exceptions are made).
- You must have an ABN.
- If you are releasing equity then you may need to provide evidence of the purpose of your loan.
- You must provide either BAS, an accountant's letter or business bank statements to verify your income.
- Borrowing money for business, investment or personal purposes are accepted.
- Borrowing limits subject to truck valuation.
- Standard trucks, trailers and semi-trailers are more likely to be accepted.
- Your financials must show evidence of a profitable business (low doc options available).
- You need at least 3-5 years business experience.
- Some lenders will accept minor defaults (typically up to $7,000) but black marks must be clear from your credit file.
- A director's guarantee, and a fixed and floating charge (Bill of Sale) over the vehicle will be used as security.
- 5-7 year loan terms.
- Some lenders offer negative equity rollover when you trade-in.
- Fixed rate principal and interest (P&I) payments (interest only not available).
- Business Line of Credit, overdraft facilities and offset accounts are available.
- Balloon or residual payment structures available (typically up to 30% of the vehicle value) to reduce your repayments.
- Better Affordability Apartments are more affordable entry points into the housing market. The Domain House Price Report for June 2021 states that the median apartment price was just $609.642; whereas, for houses, it was $994,579. For first home buyers on a smaller budget, or anyone looking to spend less on a property, an apartment is definitely a less costly option. Paying less for the home leaves extra money to put towards other priorities. The lower price also helps first home buyers hop on the property ladder sooner, as it takes less time to save a smaller deposit.
- Less Maintenance Another benefit of owning a unit is that the cost of building repairs, maintenance and insurance is shared. This brings three advantages: 1. Fewer additional costs 2. With good building management comes greater potential for higher future value 3. You don’t have to spend time mowing the lawn or tending to the garden To learn more about similar costs you can avoid, contact our specialist mortgage brokers at 1300 889 743 or fill in our online assessment form to have them contact you.
- Security Security varies from building to building. Having said that, it is usually better in apartments. There are usually several safeguards to bypass to get to your apartment door. Many houses do not offer such protection.
- Appeal To More Buyers Apartments are popular among many types of buyers, including downsizers and investors. When you finally decide to sell your apartment, the target buying audience will be broader. This creates competition and drives the price higher.
- Extra Facilities When you buy a house, you buy just a house. But when you buy an apartment, you often get access to many other facilities as well. Some apartments give you access to a whole host of facilities in your building complex. This could include a pool, gym, playground, tennis courts, and even a shared garden. Learn more to get a clear understanding between buying an apartment and buying a home.
- If the court writ is unpaid, you may be required to have a good explanation.
- The larger your deposit, the better chance you have in getting your loan approved.
- Dividends – ASX listed companies
- Dividends – Private company (conditions apply)
- Managed fund income
- Interest income
- Royalties
- Annuities
- Rent income
-
- Payment History – 35%
- Credit Utilisation – 30%
- Length of Credit History – 15%
- New Credit Accounts – 10%
- Credit Mix – 10%
- The agreed loan amount.
- Annual interest rate.
- Your repayments on a monthly, fortnightly and weekly basis.
- You don't need a deposit.
- You usually don't need to pay LMI (Lenders Mortgage Insurance).
- Some lenders offer discounted interest rates.
- You can consolidate minor debts such as personal loans and credit card.
- You can limit the size of your guarantee.
- First home buyer: 95% of the property value.
- Investor: 95% of the property value.
- Low doc: 80% of the property value.
- Construction: 95% of the total cost of the land and contract price to build the duplex.
- Guarantor loans: Borrow up to 100% with select lenders only.
- Discounts: Competitive professional package and basic loan discounts are available.
- You owe less than 80% of the property value on your home: Depending on the value of your home and your loan balance, you may be in a position to release equity as a deposit to buy a new property.
- Your lender will allow you to refinance: Accessing equity requires you to refinance your home loan so be aware that you may incur a break cost when changing your loan terms within a fixed period.
- You have sufficient cash flow: Property is typically a more secure investment but it is not set-and-forget so be sure that you have savings in place or funds in your offset account to cover unexpected costs such as maintenance and repairs.
- Your financial situation will remain unchanged: Depending on your income situation, consider whether immediate plans can be put on hold including taking holidays, changing jobs, having another child, repairing or extending your home, or buying a new car.
- Borrow up to 105% of the property value: You need a guarantor to be able to do this.
- Borrow up to 95% of the property value: Some lenders will use 100% of your redundancy payment on a case by case basis.
- You need to be currently employed.
- You'll need to have a clear credit history and repayment history.
- Department of Veteran Affairs - Service and Age Pension.
- Department of Veteran Affairs - War Widow's or Widower's Pension.
- Others may be acceptable if they are considered to be permanent and ongoing.
- Have net assets of over $1,000,000.
- Have current loans, or applications to apply, for over $2,000,000.
- Have a sound knowledge of property investing and a proven strategy.
- Borrow up to 80% of the purchase price.
- Borrow up to 65% of the purchase price with reduced interest rates.
- Borrow up to 80% of the value of any other properties that you own (including residential).
- Borrow up to 80% of the property value.
- Borrow up to 100% of the value of any residential properties that you own (the loan must be for business purposes).
- Investment loans: 95% of the property value.
- Low doc (no income evidence): 80% of the property value.
- Discounts: Competitive professional package and basic loan discounts are available.
- First home buyer: 85% of the property value.
- Investor: 85% of the property value.
- Guarantor mortgage: 100% of the property value plus costs.
- Low doc: 60% of the property value (80% is available if you have BAS statements to support your income).
- Discounts: Competitive professional package interest rates available.
- 95% of the purchase price.
- 105% of the property value if you have a guarantor.
- Normal bank policy and lending restrictions apply.
- Construction loans are available if you want to get in on the ACT Land Rent Scheme.
- You can borrow up to 90% of the property value or up to 80% of the land value.
- Council-approved: The property must be approved as a Class 1a structure (inhabitable dwelling) by the local council.
- Land size up to 10 to 50 ha: Borrow up to 90% of the property value.
- Land size up to 60 ha: You can borrow up to 80% of the property value.
- Land size up to 100 ha: You can borrow up to 70% – 80% of the property value on a case by case basis.
- Land size over 100 ha: Land at this size may be classed as a commercial farm but you can avoid higher interest rates if you can show evidence that the land isn't "income-producing".
- Guarantor: If your parents or a relative can act as guarantor on your mortgage, you can potentially borrow up to 105% of the property value.
- Discounts: Competitive professional package and basic loan interest rate discounts are available for blocks that are up to 100 ha in size.
- First home buyer: 85% of the property value.
- Investor: 85% of the property value.
- Guarantor loans: Borrow up to 100% with select lenders only.
- Low doc: 80% of the property value (case by case).
- Discounts: Competitive professional package and basic loan discounts are available.
- Up to 90% of the value of your property if you don’t have enough equity.
- Up to 100% of the granny flat value if you have enough equity or you can use a guarantor.
- Up to $1,000,000 of equity with full evidence of the loan purpose.
- Accessing the equity in your property.
- Taking out a construction loan.
- Buy a new store or existing: Borrow up to 50-60% of total business costs or up to 100% with an existing residential property as security.
- Loan term: 10 years (as per the franchise agreement).
- Loan term with property as security: 25 to 30 years (standard loan term).
- Interest only: Around 2 years or more depending if you're using property as security.
- Low doc options not available.
- We can help negotiate strong interest rates.
- You'll need to provide a business plan and profit forecasting along with your application.
- Specialised Expertise: Our brokers have developed a unique skill set to address the individual challenges Nepali borrowers face. Our approach to service delivery respects and accommodates the unique cultural nuances and preferences of our Nepali clients, fostering an atmosphere of mutual respect and understanding.
- Communication In Your Language: We deliver all crucial information, valuable resources, and expert advice in Nepali, Newari, and Hindi, ensuring clarity and understanding. This strategy helps break down language barriers, empowering borrowers to comprehend each aspect of the mortgage process fully.
- Extended Support: Our commitment to our clients extends well beyond the point of loan settlement. We provide ongoing support, assisting with a broad range of future financial decisions and addressing any loan-related queries that might arise over time.
- Accessible Across Australia: Regardless of your geographical location within Australia, our dedicated team is always available to assist you on your journey towards home ownership. We have designed our service model to be accessible and effective nationwide.
- Expansive Loan Options: Through the power of our wide-ranging networks and comprehensive knowledge of the Australian mortgage market, we offer an extensive array of loan options. With over 50 lenders on our panel and access to hundreds of mortgage products, we can confidently guide you towards the most suitable solutions for your circumstances.
- Land size up to 10 ha: You can borrow up to 95% of the property value.
- Land size up to 50 ha: Up to 90% of the property value if you are close to a major town, otherwise you can borrow 80% of the property value.
- Land size up to 60 ha: Borrow up to 80% of the property value.
- Land size up to 100 ha: Borrow up to 70% – 80% of the property value on a case by case basis.
- Land size over 100 ha: At this size, banks will often see it as "income-producing" even if that isn't your purpose. It's best to speak to us if your intention is for lifestyle and nothing more.
- Commercial farms: For land that you intend to use for commercial farming, loans are usually limited to a maximum of 60% of the property value.
- Guarantor loans: Borrow up to 100% with select lenders only.
- Discounts: Competitive professional package and basic loan discounts are available for rural properties that are up to 100 ha in size.
- Power lines are more than 50 metres from the boundary: Borrow up to 95% of the property value with select lenders.
- Power lines are above the property: You can borrow up to 80% on a case by case.
- Power lines within 50 metres of the boundary: Borrow up to 80% on a case by case basis.
- In many cases, valuation risk ratings and the property valuer's comments will affect the outcome.
- Borrow up to 105% of the property value with a guarantor home loan.
- Monitor your interest rate: To ensure you're still getting a competitive interest rate, our brokers complete an annual mortgage review and either renegotiate your interest rate with your lender or refinance your home loan.
- Explain your home loan features: Our brokers help you understand your repayment schedule and how to best use your home loan features.
- Provide a property valuation: We can organise a free property valuation in 12 months' time so you can see how your home is performing and whether you're in a position to access equity for investment.
- Guide you through the construction loan process: For existing customers looking to build a property, we can help you manage the progress payments to ensure you avoid penalties and delays in the building process.
- Refinance your bad credit home loan: If you have on a low doc bad credit loan, or you were otherwise approved with a high-interest rate specialist lender, our post-settlement team will let you know if you can refinance back to a prime lender at a lower rate.
- New or existing gym: Borrow up to 50% of total business costs or 100% with an existing residential property as security.
- Loan term: Typically 10 years or the length of franchise agreement.
- Loan term with property as security: 25 to 30 years (standard loan term).
- Low doc options not available.
- Interest rate discounts available.
- Refinance of an existing site: Accepted on a case by case basis.
- Investment loans: 95% of the property value.
- Low doc (no income evidence): 80% of the property value.
- Discounts: Competitive professional package and basic loan discounts are available.
- Strong employment: Ideally, the banks prefer that you have spent more than a year in your current job. If you are self-employed, lenders prefer over two years of consistent work in your business.
- Proven genuine savings: You need to have saved or held a minimum of 5% of the purchase price for at least 3 months prior to applying for a loan.
- Good asset position: Your debts need to be in very good order and easily serviceable. As little debt as possible is ideal.
- Good credit score: In particular, no defaults are permitted and you must not have too many enquiries on your credit file. You can use a Credit score calculator online to find out your score.
- Good quality single security property in a prime location: Ideally, a house or unit in a capital city. Due to the restrictions of the mortgage insurers you may need to own multiple properties as security.
- Your last two payslips and most recent group certificate to confirm your income.
- Alternatively, an accountants letters confirming your income (if you're self-employed, although other low doc options are available).
- Your last 3 months bank statements and credit card statements (the latter, if applicable).
- Your most recent statement for any current debts you have including personal loans or car loans (if applicable).
- Get a cheaper interest rate and lower your monthly repayments.
- Reduce your overall loan amount so you can pay off your loan faster and maximise your available equity.
- Access equity to buy an investment property, renovate, build and more.
- Bring your high-interest debts like credit cards, personal loans and car loans into a debt consolidation home loan.
- Save your home if your home loan is currently in arrears.
- Refinance from a specialist lender back to a major lender after you’re past your bad credit issues.
- Take advantage of tax benefits.
- Refinance to a home loan product that helps you pay off your home loan faster.
- Refinance to grow your business.
- Borrow up to 95% of the property value and avoid paying thousands of dollars in Lenders Mortgage Insurance (LMI) fees.
- Borrow up to a maximum loan size of $4.5 million.
- Access signficantly reduced interest rates that aren’t available to the general public.
- Rapidly build an investment property portfolio thanks to higher exposure limits.
- Take advantage of flexible approval criteria if you're a new graduate.
- Your home loan must not exceed 95% of the purchase price (95% LVR).
- You must be a member of the Australian Pharmacy Council or another acceptable medical association.
- All pharmacists are accepted as long as you are fully qualified and working full-time.
- There is no minimum income requirement but your application must meet standard bank policy including being a good financial position and having a clear credit file.
- First home buyer: 80% of the property value for loans over $1,000,000 and 75% of the property value for loans over $2,000,000.
- Investor: 80% of the property value for loans over $1,000,000 and 75% of the property value for loans over $2,000,000.
- Guarantor loans: Borrow up to 100% with select lenders only.
- Low doc: 60% of the property value for loans over $1,000,000 (no maximum).
- Discounts: Competitive professional package and basic loan discounts are available. We usually negotiate with several lenders to find the best possible offer based on your situation.
- Self-employed Uber driver: Borrow up to 95% of the property value.
- Uber driving as your second job: Borrow up to 95% depending on how much of your Uber driver income we can use.
- Investment loans and owner-occupied home loans available.
- You won't be charged a higher interest because you're self-employed, or Uber driving is your second job.
- If you have 5% in genuine savings: You can borrow up to 95% of the property value as long as you don't borrow more than 105% of the purchase price.
- If you don't have any savings: You can borrow up to 90% of the property value as long as you don't borrow more than 105% of the purchase price.
- Guarantor mortgage: Borrow up to 105% of the property value.
- Low doc: 60% of the property value (80% is available in some circumstances) as long as you don't borrow more than 100% of the purchase price.
- Discounts: Competitive professional package and basic loan discounts are available.
- Interest only offset account: You can borrow up to 90% of the value of your investment property value with interest only repayments.
- Interest only term: Generally 5-10 years.
- Extending the interest only term: This will often be declined so you may have to refinance in order to do so.
- Loaded interest rate: The bank will generally load or add another 0.1% to 0.55% to their advertised interest rate. Higher rates may apply for loans under $500,000.
- Good financial position: You need to be in a strong financial position and be in a position to make principal and interest (P&I) repayments when your loan invariably switched from interest only.
- Interest only offset accounts for a home loan: May be considered in certain cases.
- CBA: Viridian Line Of Credit
- RAMS: Line Of Credit
- NAB: NAB Home Equity Line Of Credit
- AMP: Professional Package Line Of Credit
- First home buyer: 95% of the property value.
- FIFO worker: 95% of the property value.
- Investor: 95% of the property value (restrictions apply).
- Guarantor loans: Borrow up to 100% with select lenders only.
- Low doc: 60% to 80% of the property value.
- Discounts: There are competitive professional package and basic loan discounts available.
- New or existing fresh mex grill: Borrow between 50-70% of the total costs to buy the business or up to 100% with an existing residential property as security.
- Loan term: Typically 10 years or the length of the franchise agreement.
- Loan term with property as security: 25 to 30 years.
- Interest only: Typically 2 years.
- You'll need to provide a business plan and profit forecasting along with your application.
- There are no low doc options on offer.
- We may be able to negotiate interest rate discounts depending on the strength of your deposit and security.
- New or existing store: Borrow up to 60-70% of the total business costs or 100% with an existing residential property as security.
- Loan term: 10 years or up to 30 years with a property as security.
- Low doc options not available.
- The bank will require a business plan with cash flow forecasting.
- You'll need to have at least 3 years experience in a similar industry.
- Reduced commercial interest rates available for strong cases.
- Size: The unit must be over 50m² including balconies and car spaces.
- Location: High rise apartments can be considered on a case by case basis.
- Loan amount: You can borrow up to 80% of the property value.
- Guarantor loans: Borrow up to 100% with select lenders only.
- You must meet all other standard lending criteria.
- You’re borrowing more than $500,000.
- You have a clear credit history.
- You must have a strong income.
- You’re employed as a university lecturer for at least 3 months. Most lenders require that you are employed as a university lecturer for at least 6 months, but we can a lender on our panel that will accept 3 months.
- Multiple credit enquiries
- Defaults
- Discharged bankruptcy
- Judgment
- Court writs
- Debt agreements (Part IX)
- Tax (ATO) debts
- Debt consolidation
- Mortgage in arrears
- ANZ: $5,000 per annum OR 5% of the original loan amount, whichever is the lesser.
- CBA: $10,000 p.a.
- NAB: $20,000 during the fixed rate term.
- St George: $10,000 p.a.
- Rams: $30,000 during the fixed rate term.
- Westpac: $30,000 during the fixed rate term.
- Specialist fixed rate lender*: Unlimited as long as the loan account is not closed during the fixed rate term
- Specialist fixed rate lender 2*: Unlimited as long as the loan account is not closed during the fixed rate term.
- 80% of the property value with a low doc loan: That’s if you can’t provide the necessary documents to take out a full doc loan. Keep in mind, you may have to pay a slightly higher interest rate in most cases.
- 90% of the property value: Depending on the type of employment contract you have with your employer, you can borrow up to 90% plus LMI (lenders mortgage insurance) with a standard bank loan. LMI is a one-off fee charged by the lender when borrowing over 80% of the property value.
- 95% of the property value: Subcontractors will only be allowed to take out 95% of the property value with evidence of a strong financial position and a job history of at least 6 to 12 months in your current position.
- 100% of the property value: With a guarantor home loan, you can borrow the entire value of the property plus additional costs like stamp duty.
- 95% of the property value: In exceptional cases, we can accept a short term ABN up to 95% where the applicant has previous experience in a similar PAYG role, and we can prove your income. Self-employed contractors with 2 years of Tax Return, 2 years of ABN, and who’ve been in the same industry for 3 years or more can borrow more (stricter lending criteria applies).
- Self-employed for at least two years, however some lenders can consider self-employed with one year ABN and tax return.
- Ideally, you should have 80% equity in your property, however some lenders can consider refinancing up to 95% of the property value (conditions apply).
- You can refinance on a fixed rate if you find that you’re likely to recoup the cost of early exit fee within the first two years of refinancing.
- Defence Home Ownership Assistance Scheme (DHOAS): This is available to members currently and formerly serving in the military. This scheme provides monthly payments to assist both current and former members in paying their home loan. Eligibility for this scheme depends on the length of time served.
- Home Purchase Assistance Scheme (HPAS): Under this scheme, ADF members are paid a one-off taxable lump sum amount. This is intended to help pay for the costs of taking out a home loan, including application and conveyancing fees.
- A good credit history in Australia.
- Stable employment.
- An ability to repay the loan and pay for your living expenses without relying on funds from your parents.
- Net assets worth more than $1 million
- Current loans or applications to apply for over $2 million
- An investment strategy in mind as well as significant investment experience
- Borrow up to 70% of the value of a commercial property (even on an SMSF bad credit loan).
- Borrow up to 80% of the value of a residential property.
- Borrow up to $10 million (higher on a case by case basis).
- Loan terms of up to 15 years for commercial security properties.
- Interest only repayments for up to 5 years (15 years for residential properties).
- Discounted interest rates are available from some lenders.
- Last years' financial statements (Profit & loss and balance sheet).
- Last years' business tax returns.
- Last years' personal tax returns.
- Last years' notices of assessment.
- Your old tax returns must show a high income.
- You must show two years of tax returns & financial statements.
- Your tax return must be no more than two years old (see below).
- You can borrow up to 90% of the property value.
- do not provide materials, only your labour.
- do not have employees.
- work for one main company only.
- can provide invoices and bank statements to verify your income.
- are borrowing no more than 90% of the property value.
- Two years financial statements are required.
- Borrow up to 80% of the property value.
- This is a full doc loan, not a low doc loan, so the rate is competitive.
- The financial statements must be accountant prepared and not a draft.
- You do not need to provide tax returns or a notice of assessment.
- New or existing restaurant: Borrow up to 50% of total business costs or 100% with an existing residential property as security.
- The bank will generally require a business plan and profit forecasting for the franchise.
- Loan term: Typically 10 years or the length of the franchise agreement.
- Loan term with property as security: 25 to 30 years (standard loan term).
- Low doc options not available.
- Commercial rate discounts available by mortgage broker negotiation.
- Existing SumoSalad store: Borrow up to 50% of the franchise costs or up to 100% depending on the equity that you have in your residential property.
- New store: Considered on a case by case basis.
- Loan term: 5 years (as per the SumoSalad franchise agreement).
- Loan term with property as security: 25 to 30 years (standard loan term).
- Interest rate discounts available.
- Interest only: 2 years or more depending on whether you’re using a residential property as security.
- Business plan: You’ll be required to have an accountant-approved business plan which shows revenue and cash flow forecasts.
- Good financial situation: You should currently be earning a good income with little to no debt and a clear credit file.
- At least 2-3 years managerial experience in a similar-sized business and industry.
- Low doc options: Not available.
- Doctors and select medical professionals including dentists, optometrists, veterinarians, chiropractors or pharmacists (exclusive interest rate discounts are also on offer).
- Other white-collar professionals including accountants, lawyers, geologists and other mining specialists, professional athletes and entertainers. Minimum income benchmarks and other requirements apply.
- Borrowers purchasing a Defence Housing Australia (DHA) property as an investment.
- By asking your parents to act as guarantor on your home loan, you can actually borrow 100% of the property value, plus the purchase costs and avoid mortgage insurance completely.
- With no deposit, you'll save thousands, and by avoiding LMI, you'll save thousands more!
- Borrow up to 95% of the property value including the cost of Lenders Mortgage Insurance (LMI)
- You will need to provide full details of your TAC payments.
- 100% of income protection payments: Some banks will only accept 50% of income protection payments but some of our lenders will use 100% of your TAC benefits as your deposit (conditions apply).
- Permanent disability: The lenders will be more likely to accept this type of income.
- Your minimum loan amount must be $250,000 (excludes line of credit).
- You must have a credit card with the bank and you'll be required to make a purchase within 30 days of settlement.
- You must also have a transaction account with the bank and you'll need to make a salary or equivalent income credit deposit into the account within 30 days.
- Conditions vary depending on whether you choose the cash back or the frequent flyer points.
- The declaration must be signed by a fully qualified accountant who can confirm that your annual net income is true and correct.
- Must be on the accountant’s letterhead. If it is a low doc declaration, the banks have specific forms for the accountant to complete instead of a letter.
- Must show the accountant’s full details including ABN, address and phone number.
- Letter must be signed and dated.
- The accountant should specify how long he/she has acted on behalf of the borrower.
- The accountant should also mention that the current financials are not available, but based on their knowledge of the client’s current circumstances, the figure is not an unreasonable estimation of their annual gross income.
- The taxable income the borrower is earning.
- A disclaimer to protect the accountant.
- New or existing bakery: Borrow up to 50% of total business costs or 100% with an existing residential property as security.
- Bakers Delight holds head lease: You can potentially borrow up to 65% of the franchise business value.
- Loan term: Typically 10 years or the length of the franchise agreement.
- Loan term with property as security: 25 to 30 years (standard loan term).
- A business plan and profit forecasting will be required for approval.
- Low doc options not available.
- Negotiated nterest rates available.
- The date a credit account is opened and closed.
- The type of credit you applied for whether it's a credit card, personal loan or a mortgage.
- Current limit on credit accounts including any recent increases you may have made to your limit.
- Your 24-month account repayment history showing whether you've made the minimum payment required or not.
- Payments that are more than 2 weeks overdue are now listed as late repayments and remain on your credit file for 2 years.
- Basic information such as your full name, date of birth, gender, address, previous address, drivers licence number, employer and previous employer.
- Loans that you have applied for in the last five years are listed as credit enquiries.
- Loans or accounts where you're more than 60 days overdue are listed as defaults.
- Court judgments.
- Court writs.
- Bankruptcy history (including Part IX history).
- 90% waived LMI: Some major banks waive the cost of mortgage insurance when you borrow up to 90% of the property value. LMI usually kicks in at 80%, so it’s usually worthwhile applying through your bank.
- Interest rate discounts: If you’re borrowing under 80% of the property value or don’t have waived LMI, you can get a better deal from another bank.
- Residential property as security: Borrow up up to 80% of the total franchise costs of a new or existing shop.
- Commercial property as security: Borrow up up to 60% of the total franchise costs.
- Loan term: 10 years as per the franchise agreement or lease agreement (whichever is shorter).
- Loan term with the property as security: 25 to 30 years (standard loan term).
- Interest only: Typically 2 years.
- Discounted interest rates available.
- Low doc options not available.
- First home buyer: 95% of the property value.
- Investor: 95% of the property value.
- 100% loans: Available with some of our lenders if you have a guarantor.
- Low doc: 80% of the property value.
- Discounts: Competitive professional package and basic loan discounts are available.
- Australia doesn't have very restrictive investment laws or banking regulations like some other countries.
- Most bank regulations in Australia are nation-wide not state by state.
- Mortgage brokers in Australia often provide free services for residential loans.
- Investment loans are highly-leveraged which means you can maximise your potential returns by only having to provide 5-10% of the property value as deposit upfront.
- There are many tax benefits you can take advantage of if you have the right strategy in place and get the right financial advice.
- Borrow up to 95% of the property value to buy an investment property.
- Borrow up to 95% of the property value plus the cost of renovation work using a licensed builder (conditions apply).
- If your parents can act as a guarantor, you can borrow up to 105% of the property value leaving with more cash to undertake capital improvements.
- Under 12 months remaining on scholarship: We may be able to help you borrow up to 80% of the property value, and possibly more on a case by case basis. Most lenders will not accept your income in their assessment.
- >12 months remaining on scholarship: You can borrow up to 90% of the property value (95% for very strong applications).
- >12 months remaining on scholarship with a guarantor loan: You can borrow up to 105% of the value of the property. This allows you to borrow the stamp duty as well (if not exempt in your state).
- Up to 2.2 hectares (5.4 acres): Up to 95% of the property value.
- Up to 11 hectares (27.2 acres): Up to 95% of the property value (note that some lenders would restrict your loan to 80% of the property value).
- Up to 60 hectares (148.3 acres): Up to 80% of the property value (note that most lenders would decline your loan but some specialise in hobby farms).
- Up to 97 hectares (240 acres): Up to 80% of the property value.
- Over 97 hectares: On a case by case basis.
- Commercial farms: Up to 60% of the property value (all loans are assessed on a case by case basis using rural farm guidelines).
- Guarantor loans: Borrow up to 100% with select lenders only.
- If there's a house on the block: If there's a house on the land already, then you may be able to borrow 95% of the property value for properties up to 50 hectares in size.
- For 2 dwellings: Borrow up to 95% of the land and construction costs (hard costs).
- For 4 dwellings: Borrow up to 80% of the land and construction costs (hard costs).
- Borrow up to 100% of the market value of the property plus any costs associated with completing the purchase with the help of a guarantor.
- Borrow up to 70% of the land and construction costs (hard costs).
- Borrowing more than 70% is possible with a private lende but they will charge a higher interest rate than the commercial rates we can negotiate.
- You need to meet 70% of the GRV (gross realisation or on completion valuation).
- A profit margin of at least 20% of costs is the minimum bank feasability requirement.
- Loan term: Up to 3 years.
- Minimum loan size: $1,000,000.
- Maximum loan size: Anything over $20 million considered on a case by case basis.
- Borrowing at higher LVRs means you'll pay a higher interst rate with a private lender.
- Residual stock loans are available to help maximise your return on investment.
- We can help you qualify for a commercial development loan for such projects as multi-unit residential blocks, small office buildings and retail shops.
- Write down what you think you spend per month, even if you're not 100% sure.
- Download your last 3 months bank statements (and credit card statements, if applicable) and start adding your expenses together.
- Note down discretionary spending where you can either reduce or eliminate your expenses without it impacting your basic living costs.
- Exclude such items as rent or board (they're fixed expenses), personal loans and regular deposits into a savings account because they're not ongoing expenses.
- Exclude one-off expenses such as money that you lent to a friend or family member.
- Understand how important value, convenience and choice is to our customers which is why we have strong relationships with almost 40 lenders.
- Have the technology and systems in place to simplify the home loan process.
- Have some lenders on our panel that don't require you to meet with them face-to-face.
- Can negotiate a great interest rate and reduced mortgage fees on your behalf.
- Can build a strong case to get exceptions to standard lending policies if your situation is a little outside the box, whether you're self-employed, have a bad credit file, are a non-resident, or you want to a buy a property for your SMSF or trust.
- Can usually offer our services for free.
- Must be dated less than four weeks from the date of application (old payslips are not accepted).
- Must show the date range that you’re being paid for as well as your pay day.
- Must include your name as the employee, your YTD income, the name of your employer and your employer’s Australian Business Number (ABN) and/or Australian Company Number (ACN).
- Must show your taxable income and net income
- All deductions are explained including tax, high education debt (HECS-HELP), superannuation contributions and any debts you’re paying direct from your pay such as salary packaging expenses.
- New or existing store: Borrow up to 60%-70% of the business value or up to 100% with equity in a residential property you own.
- Loan term: In line with the lease or up to 30 years with a property as security.
- Low doc options not available.
- Interest only: 1 year or up to 3 years depending on how much you’re borrowing.
- Business plan: It should detail your cash flow and revenue forecasts for the next 5 years at least.
- You’ll need to have at least 3 years experience in a similar industry.
- Our mortgage brokers may be able to negotiate reduced commercial interest rates.
- Your last two payslips.
- Your latest group certificate.
- Your last 3 months savings in a bank account.
- A residential property with adequate equity.
- 75% LVR up to a loan amount of $2,500,000
- 70% LVR up to a loan amount of $5,000,000
- 60% LVR for high rise or inner-city apartments
- If you're married to an Australian citizen, then you might be able to borrow more.
- Pros: Using your own property as security is the simplest and least complex way to qualify for a 100% commercial loan. The bank will be more likely to go along with it as well!
- Cons: You will tie up equity in your property that you could potentially use to fund a small business purchase or to buy an investment property.
- Pros: You can free up your equity and invest it back into the business as cash flow if you ever need extra funds in the coffers.
- Cons: The guarantor will be liable to pay back your loan should you default on your mortgage repayments. When it comes to commercial property guarantor loans, the guarant
Apartment Or House - Which Should I Choose?
While apartments are often perceived as a good option for first time investors, due to its lower investment costs, there are hidden costs involved that might reduce the return on your investment.
Apartments usually come with strata title or community title, meaning you'll have to pay body corporate fees.
Another thing to note is that since you’re the landlord, you are responsible for managing and renovating the apartment.
You can hire a property manager for this, who will look into the maintenance of your apartment, and also help you find tenants if the apartment is vacant.
It's best to find a property manager that is from a location you're looking to invest in, and choose one that is not bogged down by too many properties to look after.
However, as the apartments are small, and can only accommodate a few people, it is expensive for one person to afford.
You'll also need to compete for tenants if there are many apartments located in a close radius, meaning the vacancy rates might be too high.
What about investment homes?
Buying an investment home might seem like a good idea, especially if you want more freedom to manage the property and avoid the corporate fees.
However, if you're buying a home in a metropolitan city, due to space limits, the housing developments might be located farther away, and the amenities that tenants are looking for are not close by.
Whether you choose to buy an apartment or a house for your investment, it all comes down to the demand for the property in the location.
The underlying fact is that you should choose either investing in an apartment or house according to the ideal tenant you want to rent to.
What are the costs involved in buying an investment property?
There are various costs associated with buying an investment property.
You can use our property purchase costs calculator to work out an accurate estimate.
How Do I Qualify For An Investment Loan?
Here's how we can help
Selecting where to buy your investment property is a paramount decision, and we can provide you with the tools and information to help make the decision.
Speak to our award-winning mortgage brokers by calling 1300 889 743 or fill in our free online assessment form and we can help you with your investment loan options.
) [21] => stdClass Object ( [post_id] => 41836 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Make buying a property stress-free
We’ve helped thousands of Australians buy a home.
For most people, it's one of the best decisions they will ever make; for others, it can turn out to be a disaster.
Avoid the big mistakes and protect yourself by following some simple rules.
The #1 rule
Don't commit to buy a property unless you have formal approval from a lender.
If you don’t have formal approval, you’re taking a risk and, as a mortgage broker, there’s not much we can do to help you if later it turns out that you aren’t eligible for a loan.
If you decide to break this rule then you do so at your own risk.
Call us on 1300 889 743 or complete our free assessment form so we can help you get a pre-approval before you commit to a purchase.
What happens if you can’t complete the purchase?
This can vary depending on the state that you’re in but, as a general rule, if you sign a contract and can’t complete the purchase, you’re going to lose your deposit.
The vendor may also be able to sue you to recover any losses they have made such as the difference between the price you agreed on and the price they are able to sell the property for later.
Get pre-approved
The purchaser who can act the fastest to buy a property is usually the winner.
If you’re pre-approved then you’re at a significant advantage over other buyers.
A pre-approval means a lender has assessed your situation so it’s a good indication that they’ll issue a formal approval later when you find a property.
Some lenders only do ‘system approvals’ where a human doesn’t actually assess your loan.
Typically, these are instant pre-approvals and they aren’t worth the paper they’re written on unless you’re in a strong financial position.
Tip: if you have a system pre-approval you must have a cooling off period to make sure you're protected.
The lender can reject the property that you buy
A pre-approval is about the lender accepting you as a borrower but they also need to accept the property you're buying.
If your property is in a poor condition, a high rise block of units, in a remote location, near high tension power lines or has any number of other problems then the lender may reject it.
You can reduce your risk by emailing your mortgage broker with a link to the property on a real estate website.
Ultimately, it’s the lender’s decision and if you commit to buy a property you should have a cooling off period to protect yourself.
Buying at auction is risky
If you win an auction, there is no cooling off period so it’s actually a much bigger risk than most people realise.
You’re committing to buy a property yet the lender can’t issue a formal approval before the auction so you're forced to take the risk.
We only recommend that customers buy at auction if they are in a very strong financial position with a deposit for more than 20% of the property value.
Auctions are incredibly risky for first home buyers with a 5% deposit: if anything goes wrong there’s fewer lenders to choose from that can help. Here is a guide to help you buy property at auctions.
In some parts of Australia such as Melbourne or the affluent suburbs of Sydney, almost all properties are sold at auction.
We recommend that you try making an offer prior to auction and at the very least have a pre-approval before you buy.
Cooling off period vs a finance clause
A cooling off period usually allows a purchaser to withdraw from the contract within a certain period of time for any reason.
On the other hand, a finance clause only allows you to withdraw from the purchase if you're unable to get a loan.
Each state of Australia has their preferred way of working but you can always ask for a cooling off period rather than having to adhere to a finance clause.
A cooling off period is a much better way to protect yourself because a finance clause doesn’t protect you in all instances.
For example, a finance clause won’t work if:
In some states, a cooling-off period is mandatory, unless a buyer agrees to waive it.
We recommend that you ask for a two-week cooling off period to allow for any delays caused by the valuation and the bank.
What if the cooling off period is expiring?
In New South Wales, it’s common to have a cooling off period of just five days.
The rest of Australia usually allows two weeks!
Five days is plenty of time if you’ve got a simple loan application and no valuation is required but two weeks is needed if your situation is complex.
It’s quite common for the cooling off period to be coming to an end before the formal approval has been issued.
In these cases, you can request an extension via your conveyancer.
Technically, it’s the job of the conveyancer to monitor the cooling off period and to extend the cooling off period if your finance isn’t yet ready but you should take responsibility for this yourself as ultimately it’s your deposit that is at risk.
Can’t the lender just approve my loan faster?
Yes and no.
We can lodge a request to escalate a loan for a quick approval and with some lenders this works and with others it does nothing.
Lenders aren’t reliable and most loan applications are urgent!
That's why it’s much easier and safer to extend the cooling off period than to rely on the lender to move faster.
The main delay for getting a loan approved is not having all the required documents ready for your application.
If you provide everything to your mortgage broker immediately then they can get you a faster approval.
Lenders report that on average, 60% of loan applications cannot be approved because the borrower or broker have not provided the required documents.
Buying or building a new property
New properties often have valuations that come in below the purchase price.
This poses a big risk to first home buyers as the lender may reduce the maximum amount they’ll lend you, leaving you unable to complete the purchase.
Do more homework before buying a new property and look for recent sales outside of the development you are buying in to make sure the price is fair.
If you’re building a home, be aware that few lenders can finance owner builders and nobody can finance a ‘split contract’.
A split contract isn’t referring to having one contract for the land and one for construction: that’s normal.
It’s referring to a type of building contract.
Check with your builder to be sure they know what it is.
Buying off the plan
Buying off the plan is the riskiest type of purchase.
It’s really a speculative investment, yet most people see it as no different to buying a standard home.
The problem is that you’re committing to buy a property but nobody is committing to give you a loan!
If you have children, change careers, the property market slumps or banks change their lending criteria, you may be unable to get a loan at the time of settlement.
Most people who buy off the plan are doing so because they get some kind of first home benefit such as waived stamp duty or a first home owners grant (FHOG).
You can get the same benefit by buying a new property that is complete so why take the risk?
Since it's a speculative investment, buying off the plan should only be considered by people in a very strong financial position with more than a 20% deposit.
What if settlement is delayed?
Settlement delays are common and they can be stressful for you as a home buyer.
The most common cause is because the lender isn’t ready to advance the funds due to delays with the loan offer documents or because your loan is complex.
This includes borrowers who are Australian expats, those using a guarantor, those who are buying a property in a trust and those who are self-employed.
You can prevent settlement delays by asking for two weeks more to settle.
Six weeks is most common in Australia but we find that eight weeks will give you a stress-free experience.
You can also negotiate on the rate of penalty interest so that it’s only 5%.
That way if there are delays this doesn’t cost you a fortune.
If you miss the settlement date, the consequences can vary depending on the state that you’re in.
In some states, the vendor can immediately cancel the contract and keep your deposit.
In others, they will issue you with a notice to complete which gives you an additional 14 days to settle but you’ll be charged penalty interest until you complete.
Most vendors work with the buyer in an amicable way to complete the purchase.
However, you can’t rely on them being nice!
You need to take a delayed settlement very seriously to avoid losing your deposit.
Don’t go overseas
If you’re an Australian expat or foreign investor then you should allow an extra two weeks to settle your purchase and put this into the contract of sale.
However, it’s common for Australians to buy a property and then go on an overseas trip while waiting for settlement!
The problem is that if you’re overseas, documents may need to be mailed back and forth which will delay the process.
We recommend that you don’t go overseas during the process.
If you must then ask for eight weeks to settle rather than the normal six.
Your conveyancer is your legal expert
This article is generic and covers all states of Australia.
However your contract of sale may be different to the norm or your state’s legislation may change.
It’s important that you seek advice from your conveyancer, solicitor or settlement agent as they can give you advice on the contract and the relevant legislation for your state.
We’re mortgage brokers and our focus is on getting you a suitable mortgage so check out our list of recommended conveyancers for your states.
If you need help with applying for a home loan, call us on 1300 889 743 or fill in our online enquiry form and find out how we can help.
) [22] => stdClass Object ( [post_id] => 20512 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Optometrists can save a fortune with negiotated home loan rates and fee waivers just by applying with the right lender.
You can
Find out if you qualify for a discount by calling our mortgage brokers on 1300 889 743 or by filling in our free assessment form.
) [23] => stdClass Object ( [post_id] => 21672 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Although it is always better to save a deposit of your own, it is possible to use a personal loan as part of your deposit to buy a home.
You need to meet the criteria for both a home loan and for a personal loan.
To qualify you must have:
Most lenders do not offer home loans with if you have a borrowed deposit due to genuine savings requirements.
In addition to this many lenders do not offer personal loans if they are being used as a deposit on a home.
Call us on 1300 889 743 or fill in our free assessment form to find out if you can qualify to buy a home.
) [24] => stdClass Object ( [post_id] => 60693 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
The economic crisis brought by the COVID-19 pandemic last year prompted lenders to grant a mortgage deferral to borrowers. The mortgage 'holiday' acted as a relief for many.
Of the total home loan takers across lender banks, 10% accepted the offer and paused their repayments.
Further, the lender banks were allowed to give extensions of up to four months to their customers for repayments.
The new deadline was now ten months from the start of mortgage deferral or until March 31st.
Below is a comprehensive chart to summarise the loans subject to a repayment deferral.
The most recent stats published by the Australian Prudential Regulation Authority (APRA) show the total mortgage deferral at $32 billion.
The sum now being quite large, and with the deadline approaching soon, lenders have started to pull back deferrals according to their terms and policies.
The lender bank with the highest mortgage deferral of 10% on April 31st was down at 3% by December 31st.
Similarly, the lender bank with the least mortgage deferral of 4% was down by 1% during the same time interval.
Mostly, the decline was because banks stopped giving automatic repayment holidays to their customers. And, by now, they are even asking borrowers to start making repayments.
So, given the circumstance, if you are yet to recover from the economic crisis, here are some solutions:
Extending the mortgage deferral period
If your mortgage deferral period ends before March 31st, you can extend it.
However, since it is March already, many lenders will be reluctant towards the idea.
This instance is where your broker can step in.
As they have access to Business Development Managers of lenders, they can always liaise with them for the extension.
Once the lender is assured of your capability to make repayments after the deferral period, you will get the extension.
Extending the term of your loan
Extending your loan term buys you more time to pay off your loan, and the repayment instalments will decrease.
Note: You must be aware that the total interest to be paid will also increase due to the extension.
Consolidating your loans
If you have multiple loans to make repayments, you should consider consolidating them into a single loan.
Consolidating them to a single mortgage loan reduces the total repayments you would have to make separately.
Interest-only payment
You can switch over to an interest-only payment option temporarily to avoid making principal repayments.
Doing this will help you:
However, it has some cons, including:
Of all the solution, you must go with the once that best compliments your case.
Are you looking to change the terms of your loan? Our mortgage brokers are here to help. Call us on 1300 889 743 or enquire online.
) [25] => stdClass Object ( [post_id] => 35490 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>A storage unit typically falls within warehouse lending policy so you may be eligible for the following:
We can provide an indicative funding approval just by grabbing a few details from you!
We're specialists in storage unit loans so call us on 1300 889 743 or complete our free assessment form today.
) [26] => stdClass Object ( [post_id] => 44381 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>It can be tough to save up enough money for a down payment on a house. But don’t worry, there are ways around it.
Here are four options for buying a second property with no deposit:
Equity Loan
Equity is the difference between your property’s value and the amount you owe on your home loan. You can use your built-up equity to finance your deposit for a second property. You can generally release up to 80% of the value of your property, minus what you still owe on it, for this purpose. To qualify for an equity loan:
Depending on how much equity you have, you can refinance to access it and cover the cost of your deposit as well as the other costs of purchasing a property.
Call us on 1300 889 743 or complete our free assessment form if you want to get an equity loan to buy a second property with no deposit.
Cash-out
Cashing out is when you draw cash out of your equity and use it as your deposit to purchase a second property. Generally, it’s best that you provide a letter from your conveyancer confirming that you’re looking for a property, or a copy of the Contract of Sale to prove you’ve found one. Some lenders have restrictions limiting the amount you can cash out to anywhere between $10,000 and $50,000.
Cross-collaterisation
This means using your existing home as security for the new purchase, bringing both properties under the one home loan. To do this, you must owe less than 80% of the property value of your home. There are pros and cons to cross-securitising, which you can read about on our page on the topic, here.
Line Of Credit
If you’re on a professional package and in a position to do so, you can refinance your current home loan and open a Line of Credit (LoC). A LoC works very much like a large credit card, and it’s beneficial if you need a deposit to buy an investment property. Depending on the amount of equity you have and the strength of your financial situation, you can increase your LoC borrowing limit to fund renovations and general improvements to the property you’re purchasing.
There are pros and cons to a Line of Credit facility that you can read more about line of credit
Joint Ownership
Do you have a strong income? Have you found a great investment opportunity, but can’t quite scrape together the deposit because of your current home loan commitments?
Joint ownership can allow you to buy a second property with a co-borrower who has the deposit to put towards the purchase.
It’s essential to seek financial advice before considering this form of ownership because there can be problems if you decide to sell the home. You also have to consider how to share the ongoing costs of ownership.
Vendor Finance
Vendor finance, or owner’s finance, is risky and costly.
Check out the vendor's finance page for more information about this option and whether it's right for you.
) [27] => stdClass Object ( [post_id] => 272 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
We've collected a selection of useful links for people who would like to apply for a low doc loan.
You can also speak to one of our mortgage brokers on 1300 889 743 or ask as question on the Disqus comments section at the bottom of our webpages if you have any queries about your mortgage.
) [28] => stdClass Object ( [post_id] => 45058 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Westpac has become the first of Australia's largest banks to increase its Standard Variable Rates and it's "almost certain" the other Big 4 will follow.
Update: ANZ and Commonwealth Bank announced that they will also be increasing their variable interest rates.
Get in touch with one of our mortgage brokers and find out if you could be getting a better deal right now with another lender.
Call 1300 889 743 or complete our online enquiry form today to find out if you're eligible to refinance your home loan. ) [29] => stdClass Object ( [post_id] => 44202 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Some companies offer their employees the opportunity to invest in an employee share scheme (ESS), or the shares may form a part of their salary package.
How much of your dividend income the lender uses will determine your home loan borrowing power:
We're experts in employee share scheme home loans where there is real estate as security.
Please call us on 1300 889 743 or fill in our online enquiry form today.
) [30] => stdClass Object ( [post_id] => 374 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Yes! We may be able to get the bank to use 100% of your monthly, quarterly or annual bonus income.
It all comes to how long and how regularly you receive this income.
Enquire online or call us on 1300 889 743 and one of our specialist mortgage brokers will help you determine how much of your bonus income will be accepted by the banks and which institutions are likely to lend.
Do banks take bonuses into account for mortgages?
Yes, they do.
Generally bonuses are reliant on employees meeting the KPIs or targets set for them at the beginning of the year. If performance is good then bonuses are given out and awarded, however if the performance of the employee is unsatisfactory then no bonuses are given out.
In some cases, employers simply don’t pay the bonuses they have promised or move the goalposts, making the targets effectively impossible to reach.
As bonuses are based on the employee’s overall performance and they are often paid at the employer’s discretion, it becomes difficult for the banks to consider these bonuses in their assessment.
In comparison to a regular monthly salary, bonuses are a very unreliable and unpredictable measure of consistent income.
Additionally, many bonuses are not paid monthly but rather annually or quarterly, making it harder for those who pay their bills on a day to day basis.
What documents do I need to provide?
All lenders will require supporting documents that evidence your bonus income.
However, each lender has different requirements. Their guidelines will determine the documents you must supply. Generally, you should try to provide as many documents as you can.
Most lenders will require some or all of the following:
Enquire online or contact us on 1300 889 743, and one of our specialist mortgage brokers will help you find a lender who can take bonus income into consideration when they assess your home loan application.
) [31] => stdClass Object ( [post_id] => 11856 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Our mortgage brokers are specialists in construction loans and know which banks can assist.
Please call us on 1300 889 743 or enquire online and we’ll help you to get approved.
) [32] => stdClass Object ( [post_id] => 67861 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] => Need a home loan but not sure where to start? Have questions about the home buying process? With Live Chat, you can reach out to us any time. Home Loan Experts’ team of specialist mortgage brokers is available even after work hours and on weekends to answer your questions. Alternatively, you can fill out our online enquiry form and we will contact you with a free assessment, or you can call us at 1300 889 743 during business hours.
) [33] => stdClass Object ( [post_id] => 475 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
If the property you want to buy is located in a flood zone, you may have difficulty getting a home loan.
However, depending on where your property is and how strong you are financially, we may be able to help you qualify.
Banks care about how often flooding occurs
Flood zoning has many possible time frames.
For example, ‘1 in every 100 year zoning’ means that, on average, the property is expected to flood once every 100 years.
This would be expressed as 1:100 year flood zoning or 1% Annual Expedient Probability (AEP).
If your property is zoned to flood more often than 1:100 years then you are unlikely to be able to get a flood zone home loan.
How much can I borrow?
Discounts: Competitive professional package and basic loan discounts are available.
Note: Lenders are hesitant to lend to riskier flood affected properties. We may need to obtain additional records from council or a valuation report to be able to find a lender to approve your loan.
What requirements do our lenders have?
In some cases you may be able to obtain finance for properties that flood up to 1:50 years (2% AEP) if you have a strong application and can meet the above requirements.
What do the lenders think?
There are many issues with a flood zoned property. The fact the property is susceptible to damage through flooding means that there is a real risk involved for the lender. Most banks will not approve a home loan secured by that property.
Your local council will probably not approve new developments on that land so you may be unable to obtain flood insurance.
Can I still borrow?
As a general rule, 1:100 year zoned land is acceptable because this type of land can still be developed and buildings on the land can be insured.
Banks are willing to accept them as security for a mortgage whereas up to 2% AEP land may or may not be accepted.
However, where you have a good credit history and your finances are strong, you will be in a better position to borrow and the banks may consider lending to you. If you have been able to obtain flood insurance, this will also help your application.
If you are looking to apply for a loan, please call us on 1300 889 743 or enquire online today and we can help you get approval.
What is a flood zone?
If your home is in an area that can be affected by floods then your property may have a flood zoning. Flooding in the area may be minor, moderate or major, depending on the climate and the region that you live in.
In many cities and rural areas across Australia, flooding is common. They are especially prone to occur in dry areas and are generally the result of heavy rain.
Flash flooding is a type of flooding that occurs during heavy storms and produces a large amount of storm water which burdens the drainage system and results in a flood.
Flood insurance requirements
Although flooding is a natural event beyond your control, there are still ways to minimise damage to your property.
It is very important to ensure that you have an insurance policy that covers the risk of flooding. This is a factor that banks take into account when considering whether to approve your mortgage.
Insurance providers such as the NRMA offer flood cover for a variety of events including:
Cover differs from storm damage and water damage so it is best to speak to your insurance provider to make sure that you are covered in the event of flooding.
Protecting your home
Properties built on stilts offer greater protection from flooding.
It is also important to remain aware of a potential flood threat by monitoring websites such as the Bureau of Meteorology. This website provides up to date information on the risk of flooding in your area.
Keeping informed about flood warnings and heavy rainfall will ensure that you are better prepared if a flood occurs.
Speak to us today!
We are the experts in getting loans approved:
If you are looking to purchase a home in a flood zone and need finance, please call us on 1300 889 743 or enquire online today.
We can help you apply with the right lender that will approve your mortgage, regardless of the potential risks involved. Give us a call today!
[wbcr_snippet id="73407"] ) [34] => stdClass Object ( [post_id] => 23440 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Comprehensive credit reporting (CCR) became fully mandatory in Australia for Big Four Banks from July 2018, which means they would use a larger magnifying glass to pry into your credit history.
This mandatory credit reporting regime has been passed by both houses of parliament on February 2021 with a few amendments and is expected to come into effect from July 2021.
There are both winners and losers when it comes to home loan approval – which side are you on?
What is comprehensive credit reporting?
Prior to the introduction of comprehensive credit reporting (CCR), Australia effectively operated under a “negative” credit reporting environment.
Which essentially meant only adverse credit events such as defaults and judgements showed up on your credit file.
However, with the implementation of CCR, banks are now required to share more information about the type of credit products you hold and your repayment history to credit reporting bureaus.
As a result, it provides a more complete and holistic picture of your credit history.
What new information is shared under the CCR?
New information that is shared with the credit reporting bureaus under positive credit reporting are:
A “default” is listed, if your payment is late by 60 days or more and for amounts you owe that are over $150 (previously the amount was $100). It will still remain on your file for 5 years.
In addition, repayment history data can only be provided by and shared with licensed credit providers, so your information does not include telephone and utility accounts.
Call us today on 1300 889 743 or fill in our free assessment form, to find out how to use positive credit reporting to benefit you.
) [35] => stdClass Object ( [post_id] => 22910 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Specialist lender Investec sold off its Australian professional banking arm for $440 million earlier this year and many high net worth professionals have been left wondering where they should go for a home loan.
As part of our High Net Worth Clients Package you may be eligible for discounts exclusive to people in your financial position such as:
The benefits available to you all depend on what your needs are so call us on 1300 889 743 or complete our assessment form to receive a free, no obligation assessment of your situation and investment strategy.
) [36] => stdClass Object ( [post_id] => 7916 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Most banks offer attractive discounts when you commit to a fixed rate home loan and you can end up saving you thousands of dollars!
The question is, how long should you fix for?
Discuss your options with one of our mortgage brokers by calling us on 1300 889 743 or enquiring online.
) [37] => stdClass Object ( [post_id] => 43574 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>The main difference between interest-only (IO) and principal-and-interest (P&I) loans is how the repayments are structured. With an interest-only loan, you pay only the interest for a set period, which keeps repayments low but doesn't reduce the loan balance. This can be useful for investors or for short-term financial flexibility.
In contrast, P&I repayments include both interest and principal, helping gradually reduce the loan balance and leading to lower total interest paid over time.
The right choice depends on your financial goals and circumstances.
The pros of interest only loans
Check out the interest only loan page to discover if you qualify!
Alternatively, call us on 1300 889 743 or complete our free online assessment form to speak with one of our specialist mortgage brokers.
) [38] => stdClass Object ( [post_id] => 70873 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] => Getting a new home loan to replace the one you have is refinancing. Homeowners have different reasons to refinance, ranging from shortening the length of the repayment term to paying off high-interest debt. Here are the 10 most asked questions about refinancing, answered by our mortgage experts.
10 Frequently Asked Refinancing Questions
1. Why should I consider refinancing?
There are several valid reasons to refinance your home loan:2. When is the best time for me to refinance my mortgage?
As our mortgage specialists suggest, if you tick one or more of the following boxes, you should consider refinancing your mortgage:3. What are the documents required?
Refinancing is similar to applying for your original loan. In most cases, your lender will ask you to present the following documents:4. How long does the refinancing process take?
Refinancing period varies according to your lender and how promptly you submit the documentation required. The entire process, from applying for the loan, to your new lender arranging the transfer of debts with your current lender can usually take between two and four weeks.5. Does refinancing affect my credit rating?
Yes. Lenders view refinancing as a credit application, which is why it can hurt your credit rating if you do it frequently. In a similar way, your application being rejected for a refinance can make a dent in your credit score. Talk to our mortgage brokers to find out how to preserve your credit score while refinancing.6. What costs are involved in refinancing?
Refinancing can be expensive. You will usually have to pay break fees to be released from your current mortgage. This is why some people avoid refinancing if they are, for example, near the end of a fixed-rate term. Your new lender might ask you to pay an application fee, too, as well as closing costs.7. How often can I refinance?
There is no limit on how many times a homeowner is allowed to refinance. However, many lenders require a waiting period between when you close on a loan and refinance into a new one. Some lenders also have a requirement for homeowners to wait after refinancing before refinancing again – generally at least six months. Frequent refinancing can lower your credit rating, too. Talk to a Home Loan Experts mortgage broker for information on how refinancing will affect you.8. Are refinancing and topping up your loan the same thing?
Refinancing and loan top-ups are two different home loan features; each has its own set of benefits. To make it clearer, Refinance = Involves switching to a new home loan Loan top-up = Involves increasing your existing home loan and paying off a portion of it over a shorter term. Choose which is best for your situation but keep in mind that most fixed-rate loans don’t allow top-ups.9. Will refinancing affect my loan in the long term?
Your refinancing situation might affect your loan in the long term; both in positive and negative ways.10. Who should I refinance with?
Different lenders offer different refinancing options and benefits depending on your current situation. Our mortgage Experts will search the 50-plus lenders in our panel and find the best refinancing option for you. Talk to one of our brokers today! Call us on 1300 889 743 or fill out our online enquiry form. [wbcr_snippet id="71986"] ) [39] => stdClass Object ( [post_id] => 32185 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>The health food industry is a big business in Australia and you can grab a slice with a Boost Juice franchise loan.
As an accredited franchise, a couple of our lenders can actually help fund the costs of establishing a new Boost Juice store or buying an existing one.
We can even help you borrow up to 100% of the value of the business!
How much can I borrow?
Some banks recognise Boost Juice's strong global brand and robust franchise model and are willing to offer competitive franchise loan terms for a strong application.
Call us on 1300 889 743 or complete our free assessment form to speak with one of our Boost Juice franchise loan specialists.
Like other commercial loans, franchise finance is negotiable depending on the strength of your application.
If you can show that you have strong business experience with the financial stability to input your own funds into the business, the better the discounts available to you.
Getting approved
Franchise loans are a grey area when it comes approval criteria.
Even though Boost Juice is an accredited franchise, a minimum performance indicator is that an existing store has interest cover of 1.5x earnings before interest, tax, depreciation and amortisation (EBITDA).
This is only a requirement with one of our lenders but it gives you an idea of what banks will be assessing when looking your business financials.
Ultimately, the franchise loan application still needs to make sense so, as a general rule, you'll have to meet the following requirements:
We know exactly what the banks are looking for in an application so get in touch and we can help you!
Buying a Boost Juice franchise
Boost Juice is not only Australia's largest chain of juice and smoothie bars but the largest in the Southern hemisphere.
It's also one of the most popular franchise systems in Australia for more than a decade and for good reason.
With a business model and image built around youth and energy, it may be just the new business venture you're looking for.
Why Boost Juice?
Boost Juice was first established in 2000, the exact same time that the health and wellbeing craze hit the Australian market.
Across the fruit juice and smoothie industry, the total revenue is well over the $360.7 million as at 2016.
To this day, Boost Juice dominates the market and is actually acting as a barrier to independent and competing chain entrants.
How much revenue can I make?
It's impossible to provide an exact dollar figure on what you can stand to make because it depends on things like store location and your business acumen.
However, once you sign up you'll actually be provided with historical sales turnover figures once you sign Boost Juice's confidentiality agreement.
This will give you some indication at least.
What's the application process?
Like other franchise businesses, the application process usually involved both a phone and face-to-face interview before Boost will accept you as a franchisor.
As per Boost Juice's franchise kit, the application process involves:
How much will it cost?
For a 20sqm store, you're looking at a total investment of $240,000 to $300,000.
This includes:
Bear in mind that each new site has different requirements. Some sites might require specific construction and design work that will affect the fixed price contract
You will also need to provide some working capital to get the business up and running.
The amount required will vary but the bank won't simply approve your franchise loan if you're not contributing anything to the business (hurt money).
Other upfront and ongoing costs of a Boost Juice franchise loan
How will Boost Juice support me?
Boost Juice franchise loan FAQs
Buying a franchise can be an exciting decision but it's important to go into the application process with your eyes wide open.
Speak with financial and legal professionals before signing the dotted line so you can avoid many common traps.
How long is the franchise agreement for?
It's important you understand that the agreement is for 7 years (plus 2x 7-year options).
This is significantly lower than the standard 10 years you get with most other franchise systems.
Essentially, you have a shorter time frame to get a business up-and-running and producing a healthy profit.
When should I apply for finance?
If you think it's the right franchise system for you and you've sought out legal and financial advice, you can apply for a Boost Juice franchise loan right away.
Specifically, do this before signing the franchise agreement. It's essential that your loan has been approved before signing on completely.
What's the turnaround time on approvals?
Turnaround times on Boost Juice franchise loan is around 3-4 days depending what financials the bank wants to see from you.
The best thing you can do is be prepared with your financials and a solid business plan to really impress the bank.
The will give you a better chance of getting approved the first time around and even qualify for great discounts.
Can you open multiple stores?
This will be decided by Boost Juice based on the performance of your current store.
As a general requirement, you'll need to be operating your current store for a minimum of 12 months before being considered for additional stores.
If Boost is satisfied, they'll agree to allow you to open a certain number of stores over a set period of time.
We can help you qualify for a multi-site franchise loan!
When should I ask for a franchise kit?
Ideally, you should be provided with a franchise kit upfront and it should contain an example franchise agreement.
A company like Boost Juice relies almost entirely on its franchise model for profits so you're in the driver's seat so ask to see this first.
Apply for a franchise loan today
Do you need a Boost Juice franchise loan so you can start realising your business goals?
Call us on 1300 889 743 or fill in our online enquiry form to discover if you qualify and how we can you a great deal.
) [40] => stdClass Object ( [post_id] => 31265 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
A term deposit guarantee, or cash guarantee, is an unusual type of guarantor loan where the guarantor provides cash instead of their property as security for the home loan:
Get in touch with one of our mortgage brokers and we can let you know if you qualify.
Call 1300 889 743 or complete our online assessment form today.
) [41] => stdClass Object ( [post_id] => 284 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Unfortunately, 15 year fixed rate home loans don't exist anymore.
However, some of our lenders offer 10 year and 5 year fixed rate home loans.
Please call us on 1300 889 743 or complete our free assessment form to get a quote from one of our mortgage brokers.
) [42] => stdClass Object ( [post_id] => 55617 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Only a select few lenders allow home buyers to borrow up to 98% of the property value. Most lenders limit their lending to 95% of the property value inclusive of LMI.
Their qualifying criteria are stricter since you’re borrowing at a high loan to value ratio (LVR).
It is important to note that there are other lending criteria to consider besides the one listed above, which are based on your individual circumstances such as your employment history, rental history, income etc.
So, to find out if you qualify, please speak with one of our award-winning specialist mortgage brokers by giving us a call on 1300 889 743 or by filling in our short assessment form.
) [43] => stdClass Object ( [post_id] => 61568 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Earlier this month, we reported that many cities in Australia were experiencing an upward pace in rental income.
A lot of cities saw a sudden spike in asking prices for rents, following a low during COVID-19. Investors with rental properties were looking at huge profits.
However, this sudden rise in rental prices has not reflected evenly in rental yield across all cities.
Major cities like Sydney and Melbourne have seen a decline in their rental yield since last year.
Comparing the rental yield for the first quarter of 2020 and 2021, Melbourne has gone from 3.38% to 3.02%. This decrease is the highest among all cities; the yield figure of around 3% is also the lowest.
Outside Sydney and Melbourne, the two capital cities with an increase in rental yield are Perth and Darwin, with the respective rental yields of 5.11% and 5.63%. The rental yield percentage for Darwin is the highest across all cities.
This recent development shows investors are better off if they purchase an investment property outside of the major hubs. Some cities and regions are unfazed by the trend that major cities have caught on to, so investing in these areas is a better choice.
While it might not be possible for people with jobs and ties in Sydney and Melbourne to think about moving out altogether, they can purchase investment properties outside the area.
Rentvesting to places where yields are much higher than the city you live in is also a reasonable investment strategy that most people are applying.
Home loans for investment properties are currently at lower interest rates. Hence, investors can earn greater profits for themselves now more than ever.
We at Home Loan Experts can assist you through your home loan process for an investment property. Our expert mortgage brokers are always here to help.
Call us on 1300 889 743 or enquire online today!
) [44] => stdClass Object ( [post_id] => 44403 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Do you earn income from an Airbnb property?
Not all lenders will accept short-stay accommodation income, but we know which lenders take a common sense approach to the gig economy and offer Airbnb income home loans.
Due to the coronavirus pandemic, banks have tightened their lending policies around Airbnb income. To learn more, talk to our mortgage brokers at 1300 889 743 or fill in our free assessment form.
) [45] => stdClass Object ( [post_id] => 63978 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] => The rapid surge in housing prices throughout 2021 hasn’t affected RBA’s stand on the cash rates. The bank held the cash rates at 0.1 per cent in June and is adamant that it will keep the cash rates low until at least 2023. This has helped in creating a property boom in Australia. Housing prices across Australia have risen by more than 2 per cent in May alone, and 10 per cent since the pandemic hit. Sydney, unsurprisingly, has been in the front seat of the property boom, growing 3% yet again last month. On the other hand, Hobart surprisingly had the highest property growth rate at 3.2% over May. The median prices of dwellings across Australia grew again this month, making it increasingly difficult for homebuyers to get into the property market. The new APRA data shows that the growth rate for owner-occupier home loans has been slowing down from previous months. The total increase in owner-occupier loans was $6.9 billion in May, compared with an increase of $8.3 billion in March. The growth rate in investment lending, however, has increased from previous months. The total investor loans increased from $160 billion to $160.8 billion in April. This was an increase from March’s growth rate of 0.2 per cent to 0.3 per cent in April. Some experts think that with the investors increasingly in the market and owner-occupiers slowing down, the RBA may change its stand on the cash rates sooner than expected. We have already seen the major banks starting to increase their interest rates, and it is possible that the RBA will follow. Is buying now good then? We understand that trying to get into a red hot property market that increases in prices daily could be stressful for homebuyers. However, this may be the best time to understand how much you can borrow and buy a property according to your capacity before the rates and prices eventually go up again. Home Loan Experts mortgage brokers are experts at helping our clients find the best solutions, which can help you be free of stress and not do everything yourself. Please get in touch by giving us a call at 1300 889 743 or fill in our free assessment form, and we will assign you one of our specialist mortgage brokers to discuss your situation in detail with you. ) [46] => stdClass Object ( [post_id] => 63874 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] => One of the most significant impacts of COVID-19 in Australia has been the ‘working from home’ shift. According to the Household Impacts of COVID-19 Survey in February, 41% of people with a job have worked from home at least once a week in February 2021. Before March 2020, only 24% of people with a job worked at least once a week from home. Even after the introduction of vaccines and with the worst of COVID behind us, the percentage of people working from home in 2021 remains higher than ever before. Brokers report that more and more people are reassessing the time they may spend at home and looking to buy a home with more space. In April 2021, realestate.com.au reported that the number of people searching for three or more bedrooms has increased. On the other hand, the searches for single dwellings have been on a downward trend since January 2021.
With the demands for larger houses increasing, people have been turning to regional areas compared to the big cities, where the prices for larger homes are significantly higher.
That may be the reason why regional Australian properties are seeing a rise of an average of 13% from last year. In comparison, the two big capital cities, Sydney and Melbourne, grew at an average of 6%.
And it’s not just the owner-occupiers trying to get into the regional market. Since the turn of the year, investors have been jumping into the regional market because of rising rents.
The latest National Housing Market report has found that the total home loans market share of property investors stands at 21.9%, which has exceeded first home buyers at 19.3%. A large portion of the investors has been flooding to regional areas.
Some experts think that even with the value gap between regional markets and capital cities decreasing rapidly, the incentive to buy in regional areas may not fade away any time soon. The belief is that some regional areas may be experiencing a permanent shift in their value, relative to the capital cities, due to the increase in people working from home and the related desire for larger homes.
Are you looking to get into the regional market?
If you’re searching for the best regional area to invest in, you will need an expert at finding the best home loan deals for you. Please give us a call on 1300 889 743 or fill in our free assessment form, and one of our specialist mortgage brokers will discuss your situation with you in detail.
)
[47] => stdClass Object
(
[post_id] => 64684
[meta_key] => add_site_layouts_0_post_editor_option
[meta_value] => According to new research, more than 22,000 new housing loans to first home buyers in Western Australia were approved in the ten months between July 2020 and April 2021, nearly double for the same period the year before.
In comparison to New South Wales and Queensland property buyers, WA residents have ranked their housing as affordable. WA first home buyers also took a larger slice of new loan commitments than NSW and Queensland at over 40 per cent for much of the last ten years.
There had also been 16,391 new build HomeBuilder applications in WA compared to 16,266 in NSW and 21,871 in Queensland, and 22,671 WA Building Bonus applications.
Here's why the residential housing markets are booming in Western Australia:
Are you looking to buy a property in WA?
You can almost access $70,000 to buy your first home in WA with the State and Federal grants. We can assist you with the home application and find out if you qualify for these incentives. We have the best mortgage brokers in Perth that can make the process of buying a property smoothly. Call us on 1300 889 743 or fill in our free no-obligation assessment today. ) [48] => stdClass Object ( [post_id] => 1794 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>We are paid by the banks for introducing loan applications and for doing some of the work that would otherwise be completed by one of their staff.
As a result we do not need to charge a fee for most loans. The lenders will not charge you a higher interest rate via a mortgage broker. In fact, we can usually negotiate a competitive discount for larger loans.
It is unlikely that we will charge any fees if:
Please call us on 1300 889 743 if you have any questions about our fees.
If we can't help you
If either we decline to take on your loan or the lender we choose declines the loan then there are no fees for our services.
) [49] => stdClass Object ( [post_id] => 405 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Note: Most lenders restrict the amount you can borrow quite significantly, often to 80% or less of the property value. In fact, several lenders will not lend to first home buyers at all!
Please enquire online or call us on 1300 889 743 to discuss your purchase with one of our specialist mortgage brokers.
) [50] => stdClass Object ( [post_id] => 23243 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] => Physical therapists (physios) may be eligible for:If you can meet the below criteria, you’ll have a much better chance of getting approved:
We’re 90% LVR investment loan experts and we know exactly how to build a strong case so you have the best chance of getting approved the first time around.
Call 1300 889 743 or complete our free online assessment form today.
) [52] => stdClass Object ( [post_id] => 436 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Older warehouses are often converted into trendy apartments by developers and then sold to the public. Some prominent examples of this style of building are the Sydney Woolstores conversion in Ultimo / Pyrmont or the stylish Leicester House office conversion in Flinders Lane in Melbourne.
Although the apartments are often trendy, they have large open plan living expenses that may be difficult to heat and to furnish so they do not suit every buyer. Warehouse conversions are also known as industrial conversions or commercial property conversions. From a lenders point of view these are are the same style of building and the same lending policies generally apply.
How much can you borrow?
Note: You may be able to borrow up to 95% for a converted warehouse on a case by case basis. The banks favour apartments where the conversion has been fully completed and that are in a good location with strong market demand.
Do you need help financing your purchase? Our mortgage brokers know which banks can approve a loan for the property that you are buying. Please call us on 1300 889 743 or enquire online to find out how we can help you.
Why are the banks so conservative?
Converted warehouses may be in an industrial location, have design features that have limited appeal or have an inflated sales price due to overzealous marketing that all cause the banks to see them as a higher risk for a home loan.
In addition to this many of the converted properties are close to or in the CDB of a captial city. If the conversion contains more than 30 units then some lenders will consider it to be a high rise building and will limit the amount you can borrow. Thankfully, not all lenders have this policy and we are normally able to finance converted units in the inner city.
Finance is available for apartments that are very similar to standard apartments whereas strange or unique designs tend to have fewer lenders willing to use them as security for a mortgage. That being said, we are usually able to find a lender that can help as long as you are in a strong financial position and have a good income.
Finance your warehouse conversion
If you are interested in buying or refinancing a property that is a warehouse conversion then please call us on 1300 889 743 or enquire online and we can help you work out how much you can borrow. Our mortgage brokers have financed all sorts of properties that have been converted for residential use and so they can quickly find you a suitable lender with a competitive home loan.
[wbcr_snippet id="73665"] ) [53] => stdClass Object ( [post_id] => 32159 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Congratulations!
Your home loan is settled! Now the real work of paying it off begins.
Properly managing your home loan going forward could potentially save you loads of cash and time.
Annual reviews and regular self-assessments are a couple of ways to manage your home loan but there are more strategies that can help.
Manage your mortgage: Slash it fast!
Let's face it: your home loan is easily the biggest debt you're going to have.
Therefore, you'll want to pay it down as quickly as you can.
Here are proven ways to whittle it down fast without sacrificing your lifestyle:
Keep an eye on your home loan
Yes, it's easy to be complacent once you've reached settlement. The harsh reality is, you now have a mortgage you need to pay it off over the next 25-30 years.
Self assessment of your personal situation is a part of managing your home loan but an easier and more effective way is to have a mortgage broker perform an annual review.
Annual reviews are an excellent way of managing your home loan and it can potentially save you thousands of dollars.
Mortgage brokers can check current lender rates and make sure you remain in a competitive interest rate. They can also assess whether your personal situation has or will change in the future and find a solution accordingly.
Extending interest only repayments
If your interest only period is about to end, you may be able to extend it depending on your lender. However, please note that the lender will likely complete another credit assessment.
Make sure you speak with a professional financial advisor before you move ahead with this option. They can also provide financial advice for your ideas and plans in managing your home loan.
If you don't want to extend the interest only period, switching to P&I repayments will help you pay off the home loan quicker.
Using equity to buy an investment property
After you've been paying your mortgage for some time, it's worth looking at the amount of equity you currently have. This is especially the case if your property is located in an area where prices have grown recently.
If you've accumulated enough equity, you may be able to buy an investment property. Using the equity as a deposit, you csn avoid paying Lenders Mortgage Insurance (LMI). Lenders generally charge LMI when you borrow more than 80% of the property value.
Banks prefer lending to borrowers who have equity and so you're more likely to get approved for an investment loan.
Increasing your loan amount
If you're in need of extra cash, it may be a better option to increase your loan amount than to take out a separate loan.
A benefit from this is that you'll be able to leverage your equity and pay a cheaper home loan interest rate than the usually higher personal loan rates.
As long as you can show that you can afford it, most lenders will allow you to increase your loan size. Please note that banks may charge you a variation fee of around $300 to increase your loan size. However, this can vary between lender.
Managing your home loan: Refinancing
A big part of managing your home loan is considering whether or not you need to refinance.
Refinancing your home loan is simply switching from one lender to another. Since you're applying for a home loan all over again, you'll need all the same things you needed when you initially got the home loan.
However, don't refinance unless you're sure you'll be better off. Only refinance if it helps you achieve your mortgage goals such as getting a lower interest rate and associated costs and better service.
If you've been paying off your mortgage for 2 years or more, your interest rate may not be competitive anymore which is it's why it's important to have an review at least once every two years.
Our mortgage brokers specialise in refinancing home loans. They have the credit expertise to properly assess your situation and help you find the right lender for your needs.
Speak with one of our mortgage brokers by calling us on 1300 889 743 and we can discuss your options. You can also complete our free online assessment form and one of us will contact you instead.
Discharge of mortgage
To refinance your home loan, you'll first need to notify your current lender and fill in a mortgage discharge form.
Please note that lenders can take up to four weeks to process a discharge.
For instructions on requesting a discharge as well as links to different lender discharge forms, you can check out the mortgage discharge forms page.
) [54] => stdClass Object ( [post_id] => 454 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Note: Most lenders restrict the amount you can borrow quite significantly if they approve the loan at all. In some cases, you may be able to borrow up to 95% of the property value, depending on the nature of the property.
Please call us on 1300 889 743 or enquire online and one of our mortgage brokers will call you to let you know if you qualify for a loan.
) [55] => stdClass Object ( [post_id] => 23249 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Chiropractors are low risk borrowers who can take advantage of exclusive home loan discounts including:
Are you eligible to reap these home loan rewards?
Call us today on 1300 889 743 or complete our free online assessment form to find out!
) [56] => stdClass Object ( [post_id] => 19726 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>A simple as an annual review from a mortgage broker can potentially save you thousands of dollars and a lot of headache.
A home loan health check can unlock a world of benefits including:
Not a Home Loan Experts' client?
We can still complete a free review of your mortgage as a once off check!
Speak with one of our experienced mortgage brokers today by calling 1300 889 743 or by completing our online enquiry form.
Discover why we're the leading specialist mortgage broker in Australia.
) [57] => stdClass Object ( [post_id] => 1352 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Most lenders require you to prove that you have saved a 5% deposit.
Luckily, there are some lenders that offer ‘non-genuine savings’ loans if you can meet standard lending criteria. Generally speaking, you can:
Call us on 1300 889 743 or enquire for free online and one of our mortgage brokers will help you get approved.
) [58] => stdClass Object ( [post_id] => 62199 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Most Australians are being priced out of the housing market as the costs soar high. An increasing number of people are looking at existing apartments or those for sale off the plan as a very viable option.
These ‘off the plan‘ purchases are a popular choice among investors because the investor will often get a discount below the market value, and the property may appreciate before settlement occurs.
Key things you should consider:
Engaging a team of experts and doing your research is the best way to get into off-the-plan apartment purchases. You can find more tips here.
One of our mortgage brokers can help you understand the terms of your contract and entitlements – as well as knowing the signs of a reputable and trustworthy developer.
Call us on 1300 889 743 or complete our free online assessment form to talk to a mortgage broker.
) [59] => stdClass Object ( [post_id] => 49365 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>A kerbside valuation, also known as a "drive-by valuation," is a method used by banks and lenders to estimate the value of a property by inspecting its exterior and surrounding neighborhood from the street. This valuation type is more detailed and accurate than a desktop valuation but less comprehensive than a full property valuation. They are commonly used to confirm the condition of a property when the risk is deemed minimal, such as in cases where the Loan-to-Value Ratio (LVR) is below 80%, or when historical property data supports the valuation.
This valuation method is one of three main ways banks assess property value:
Kindly contact us on 1300 889 743 or complete our short free assessment form and we're usually able to get a free upfront valuation for your property.
) [60] => stdClass Object ( [post_id] => 78193 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] => There’s another new state government in New South Wales – and that means another new stamp duty scheme. On 1 July, the outgoing Liberal government’s First Home Buyer Choice is expected to be replaced with Labor’s Fresh Start plan, which features lower house price caps but also full exemptions from stamp duty for first-home buyers (FHBs) purchasing homes worth $800,000 or less. The NSW stamp duty reform leaves potential FHBs with three choices:
The overview
Sorting through all the factors to reach a decision can be complicated, but it is possible to set some guidelines. In general:Still not sure which lender is right for you? Talk to one of our specialist mortgage brokers at Home Loan Experts.
We will first discuss your situation, complete a pre-assessment and find a couple of suitable lender options for you.
Give us a call on 1300 889 743 or fill in our free online enquiry form.
) [62] => stdClass Object ( [post_id] => 32408 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>By far the most effective way to pay off your loan sooner is to increase the size of your repayments.
For example, if you were to pay just $100 extra every month on a $500,000 home loan over 30 years, you'd save more than $40,000 in interest!
Not only that, you'll have paid off the entire 30 year mortgage in about 28 years!
You can use the extra repayment calculator to discover for yourself just how much you can save.
You can make use of a redraw facility that’ll allow you to make extra repayments towards your loan. If you decide to leave the funds untouched, it will help you offset the interest charges on your loan since interest is only charged against the loan balance.
This means that your additional repayments will go more towards paying off the principal amount and lesser towards the interest charges.
Take action! You can increase the size of your repayments over the phone with the bank or call us on 1300 889 743 and we'll help you.
) [63] => stdClass Object ( [post_id] => 22499 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Thanks to climate change and new developments popping up in formerly rural areas, coming across a bushfire prone property in Australia is becoming more common.
How much can I borrow?
Other than going down the guarantor route, we may be able to order multiple valuations with different lenders and then proceed with a lender that won’t give the property a high risk rating.
Call 1300 889 743 or complete our free assessment form to find out if you qualify for a bushfire prone property loan.
Can I get approved?
Getting approved for a mortgage really depends on the zoning of the property.
The potential for attack is broken up into six Bushfire Attack Levels (BAL), each explaining the threat and the appropriate prevention measures to implement for property protection.
If your property is in the Flame Zone then you're unlikely to be able to obtain finance.
We know how the banks will assess your property so please call us on 1300 889 743 or fill in our free assessment form to discuss your situation with one of our mortgage brokers.
) [64] => stdClass Object ( [post_id] => 63946 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
In the past few weeks, Australia’s major banks have begun raising their long-term fixed interest rates. Experts predict that interest rates might get adjusted higher in July again. So, as borrowers, it makes perfect sense to ask, “Should I fix my loan now?” With the increase in rates, it is well documented that as time passes, property prices are only going up.
You could be saving thousands of dollars by locking your loan on existing low fixed interest rates before the cost of other fixed terms hike. On top of that, while you’re waiting to save a deposit, both the property prices and interest rates will have hiked substantially. Now, before you choose to fix your loan now, you might be asking yourself what kinds of terms should you choose? A three year fixed rate or a five year fixed rate? If you are curious about the benefits of fixing your home loan interest, here are some of the benefits:
Regarding the terms of the loan, we suggest you do further research with the help of our website.
But the more efficient and safer way would be to call us on 1300 889 743 or fill in our online enquiry form today to make the right decision at the right time.
) [65] => stdClass Object ( [post_id] => 9626 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Australian real estate has been popular with British expats and investors for a long time: many like to move here, either temporarily or permanently. At the moment, Australia is also one of the safest property markets in the world.
When applying for a mortgage in Australia, citizens and permanent residents of the UK are treated just like other foreign citizens or temporary residents. This is unless you are the spouse or partner of an Australian citizen or permanent resident, and are buying a property together as “joint tenants”.
This is not to be confused with “tenants in common", as this is a different legal status of property ownership.
As a foreigner, you will need to apply for Australian government approval. Once you have this, purchasing either residential or investment properties is possible. However, restrictions apply for foreigners who become temporary residents.
If you would like to know how these restrictions on Australian mortgages will apply to you, call us on 1300 889 743 (if outside Australia call +61 2 9194 1700) or enquire online. ) [66] => stdClass Object ( [post_id] => 30716 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Banks may assess a boarding house as either being a residential property or a commercial property.
Please call us on 1300 889 743 or complete our free assessment form to speak with one of our mortgage brokers about the rooming house you're looking to buy.
Is the boarding house currently being used as a standard home?
A boarding or lodging house has up to 5 or 6 bedrooms that are rented out separately and another room for you to live in separately.
Some lenders may limit you to borrowing a maximum of 80% of the purchase price for a boarding house with 5 bedrooms, even if it is currently being used as a standard home!
Luckily, one of our lenders will allow you to borrow up to 95% of the purchase price (including the cost of Lenders Mortgage Insurance) if the boarding house is currently being a used as a home.
What if I want to use the boarding house as an investment property?
If you plan to actually use the property as a boarding house, lenders will typically be more restrictive with LVR on a boarding house mortgage if more than 51% of the property will be used to generate income.
The loan may also fall under commercial lending and you’ll up for higher interest rates.
However, that means if the boarding house has 5 bedrooms and the property can be used as a residential property, you could potentially rent out just two of the rooms and still be able to borrow up to 95% of the property value.
That's because less than half of the property is being used to produce income.
This is also a great way for families to earn extra income on the side.
Is the boarding house purpose-built?
If you're buying a property that is currently being used as a boarding house and is purpose-built, you’ll generally need to go through business lending or the commercial arm of a bank to get approved.
Purpose-built generally means it can't be easily reverted back to a residential property if need be.
The reason is that the boarding house doesn’t have wide market appeal, which is crucial if the bank ever needs to sell the property in the event you default on your mortgage.
The bank will also need to work out if you're relying solely on rental income to repay the mortgage (rather than also being employed), in which case they'll want to know if you've had success in running a similar operation in the past.
This includes asking to see a business plan and forecasting.
Commercial loans also come with higher interest rates than a typical residential loan.
) [67] => stdClass Object ( [post_id] => 46766 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>If you are releasing up to 80% of the value of your property in equity, you generally only need to provide a stated purpose, as long as it's an acceptable to the bank.
Some banks are more conservative and will require a letter from a financial planner or accountant if you're planning to invest in shares or managed funds.
Typically, this is if you are releasing 90% of the property value or if your situation is out of the ordinary, such as requiring a low doc loan to prove your income.
Please call us on 1300 889 743 or complete our online enquiry form.
We know lenders that do not require a letter or other evidence confirming the purpose of your home loan cash out.
) [68] => stdClass Object ( [post_id] => 20508 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Veterinarians are seen as low risk borrowers and some lenders are willing to go the extra mile to get your business. You may be eligible to:
Find out if you qualify for a discount by calling 1300 889 743 or by filling in our free assessment form.
) [69] => stdClass Object ( [post_id] => 310 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>How can my parents help me?
Did you know that around 60% of first home buyers receive some sort of help from their parents?
If they're not in a position to provide a guarantee, your mum and dad can gift you the money for the deposit instead.
Our mortgage brokers are specialists in low deposit home loans for first home buyers.
Please call us on 1300 889 743 or fill in our free assessment form to find out how we can help.
Will I pay a higher interest rate by using a guarantor?
Actually, you’ll probably get a rate discount!
This is because the additional security offered by your parents actually lowers your risk moreso than someone borrowing 95% of the property value.
If your income, job and credit history are all stable then you’re a highly sought-after borrower.
Banks are increasingly recognising the value of first home buyers.
You may qualify for discounted interest rates. and waivers on loan approval, application and valuation fees.
Head to our interest rates page for the current special offers from our lenders.
) [70] => stdClass Object ( [post_id] => 18546 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Need a home loan but not sure where to start? Have a question about the home buying process? Maybe you just want to get an idea if you qualify.
At Home Loan Experts, we understand that you have busy lives so you're not always able to call our 1300 889 743 number during business hours.
That's why our team of specialist mortgage brokers are available online after work hours and during weekends to answer your burning questions.
Alternatively, you can fill in our online enquiry form and we can get back to you with a free assessment. ) [71] => stdClass Object ( [post_id] => 27546 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
97% home loans are essentially 95% home loans with the cost of Lenders Mortgage Insurance (LMI) added on top of your mortgage, saving you thousands upfront.
Borrowing 95-97% of the property value requires you to meet strict requirements:
Do you need help getting a 97% home loan?
We're low deposit specialists who understand high LVR policies.
Call us on 1300 889 743 or complete our free assessment form and one of our mortgage brokers can tell you if you qualify.
) [72] => stdClass Object ( [post_id] => 44780 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Find out if you're in a position to refinance an investment loan by calling 1300 889 743 or by completing our online enquiry form today.
) [73] => stdClass Object ( [post_id] => 20502 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Dentists and other dental practitioners may be eligible for special discounts on their home loan, including:
Speak to our mortgage brokers by calling 1300 889 743 or fill in our free assessment form to find out if you qualify for special home loans for dentists.
) [74] => stdClass Object ( [post_id] => 14956 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>We can assist you to apply for a mortgage if you meet the following criteria:
Did you know some lenders only look at your personal credit file?
Please call us on 1300 889 743 or enquire online and one of our specialist mortgage brokers will help you to get your mortgage approved!
) [75] => stdClass Object ( [post_id] => 441 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Most banks restrict the amount that you can borrow to 70-80% of the property value.
Borrowing more is possible if you apply with the right lender or if you have a , which allows you to borrow up to 100% of the property value.
Please call us on 1300 889 743 or enquire online and our mortgage brokers will let you know how much you can borrow for your specific property.
) [76] => stdClass Object ( [post_id] => 45128 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Firefighters and emergency services workers risk their lives on a daily basis just to earn a living but some lenders don't take a common sense approach when assessing your income and allowances.
This can signficantly reduce your borrowing power but, by presenting a strong case, you may qualify for the following and much more:
Call 1300 889 743 or fill in our free assessment form to discover if you qualify for a firefighter ome loan.
) [77] => stdClass Object ( [post_id] => 28361 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>To give yourself a good chance of getting your low-deposit investment loan application approved, make sure you have:
Our mortgage brokers are 85% investment loan specialists and, with their vast industry experience and knowledge, we can prepare a strong mortgage application for you with the right lender.
Call us on 1300 889 743 or fill in our free assessment form today.
Can I take out an 85% investment loan with a major bank?
Yes, you can.
Recently, the Australian Prudential Regulation Authority (APRA) introduced some changes that now require banks and lenders to hold a specific amount of capital in the event of a significant property market crash.
APRA's concerns over the level of lending to investors have effectively meant that banks are making it tougher for investors to borrow more than 80% LVR. In fact, a couple of banks have capped their investment loans at 80% LVR.
Despite this, you can still get an 85% investment loan from a few major banks and lenders.
) [78] => stdClass Object ( [post_id] => 72434 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>NAB receives one of our top recommendations for refinancing. Whether you are looking to switch from another lender or want more affordable rates on your NAB home loan, they can help. For example, you can enjoy 100% offset account status on variable loans without paying fees or taking out additional credit.
NAB has a user-friendly mobile app that helps make everything more accessible by giving updates about monthly payments.
NAB Refinance Offers
$2,000 Cashback
The $2,000 NAB home loan refinance cashback offer is available on all of its home loan products.
Eligibility:
We can help you get more cashback from NAB and other lenders. Contact us at 1300 889 743 or fill in our free online assessment form.
) [79] => stdClass Object ( [post_id] => 53086 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Essential services employees like paramedics and ambulance officers can ideally borrow:
Speak to our mortgage brokers by calling us at 1300 889 743 or filling in our free assessment form so we can assess your overall situation to get you the best home loan.
) [80] => stdClass Object ( [post_id] => 33200 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Pepper Money has introduced a new loan product in response to borrowers seeking greater flexibility in managing their home loans amid changing interest rates. This innovative product offers borrowers a two-year fixed term loan that allows them to:
The product is available to new owner-occupier, investor, interest-only, and principal-and-interest loan applicants who qualify. You must apply before 12 May 2023.
Act fast and don't miss out on this time-limited opportunity! Submit your loan application before 12 May 2023, to take advantage of this special offer! Call us on 1300 889 743 or complete our free online assessment form today!
) [81] => stdClass Object ( [post_id] => 29628 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Did you know that some banks treat Australian expats living in Japan the same as they would an Australian resident?
Use the How Much Can I Borrow Calculator, enter your financial details and discover how much you can borrow.
Give us a call on 1300 889 743 (+61 2 9194 1700 from outside of Australia) or complete our free assessment form and one of our experienced mortgage brokers will contact you to help you find a suitable mortgage deal for you.
) [82] => stdClass Object ( [post_id] => 29638 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Call 1300 889 743 (+ 61 2 9194 1700 if you're overseas) to speak with one of our mortgage brokers or complete our free online assessment form and we can help you apply with the right lender so you don't get assessed as a foreigner.
) [83] => stdClass Object ( [post_id] => 29781 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Call us on 1300 889 743 (+61 2 9194 1700 from outside of Australia) or complete our easy free online assessment form to speak with one of our mortgage brokers who can help you get approved with the right lender.
) [84] => stdClass Object ( [post_id] => 127 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
What do I need to look out for?
Low doc loans are a higher risk to financial institutions, so they tend to place more significant restrictions on this type of loan.
There are very few lenders that offer low doc solutions, while others have significantly increased the interest rates they are applying.
We’ve outlined a list of potential issues to look out for:
Don't get caught out by these potential restrictions.
Speak to one of our specialist mortgage brokers by calling 1300 889 743 or enquiring online.
How do I get approved for a low doc mortgage?
Getting approval for your loan isn't as easy as it used to be.
We use the following three-step process to help you to find a lender:
Did you know that if you provide partial proof of your income (e.g. an old tax return) that some lenders are now required to ask you for full financial statements and tax returns for all entities?
Pro-tip: A lender cannot ignore a document he sees when completing their assessment. To avoid this issue, only provide the documents requested by the lender, nothing more!
) [85] => stdClass Object ( [post_id] => 30075 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Call us on 1300 889 743 (+61 2 9194 1700 from outside of Australia) or complete our easy free online assessment form to speak with one of our mortgage brokers who can help you get approved with the right lender.
) [86] => stdClass Object ( [post_id] => 30828 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Need help applying for a home loan in Australia?
Speak with one of our mortgage brokers that specialise in expat home loans by calling us on 1300 889 743 (+61 2 9194 1700 if you're outside of Australia) or by completing our free online assessment form. They can help you find a suitable lender that can meet your home loan needs.
) [87] => stdClass Object ( [post_id] => 3156 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Unlike 90% or 95% home loans, the qualifying criteria is less strict and the Lenders Mortgage Insurance is significantly cheaper when it comes to an 85% home loan.
In fact, the LMI premium can even be waived!
Two of our lenders can help!
This is an unbelievable discount that could save you thousands of dollars in mortgage insurance!
You can read the eligibility criteria on our no LMI page.
Interestingly, if you meet the strict lending criteria, you can even qualify for a 100% home loan with no LMI and no guarantor available exclusively for professionals (higher interest rate applies).
Call us on 1300 889 743 or enquire online for more information.
) [88] => stdClass Object ( [post_id] => 41955 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Getting your home loan approved as a self-employed doctor depends on your employment type:
Our mortgage brokers are specialists in helping doctors with unique income types to not just get approved but to qualify for exclusive home loan discounts not available to the general public.
Call us on 1300 889 743 or fill in our online enquiry form to find out if you qualify for a self employed doctor home loan.
) [89] => stdClass Object ( [post_id] => 529 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>What can you do to turn a small drop in interest rates into large savings on your home loan?
If you can handle your current repayments, this page will give you some great tips on how to save money on your loan.
Maintain your current repayments
Did you know that making additional repayments on your home loan is the best way to save money?
The problem is that when you make additional repayments you have to sacrifice the money you use to fund your lifestyle.
But this is not the case when interest rates drop! If you keep making the same repayments, you end up paying more off your loan without having to alter your budget. You are simply accustomed to maintaining those repayments.
An example
If you have a home loan of $400,000 at 8% and are making the minimum principal and interest repayments then you would be paying $2,935 / month.
If rates were to drop 1% then your repayments would reduce to $2,661 / month which would save you $98,585 over the term of your loan. But if you were to continue paying $2,935 / month instead of making the lower repayments then the overall saving would be a massive $256,960 in interest over the term of the loan!
No, that isn't a typo, check the math for yourself!
Pay more if you can
If you still have plenty of disposable income then why not pay even more? The higher your repayments, the faster you will repay your loan.
With the above example, if you were to pay an additional $300 / month then your savings would increase to $346,082!
How does it work?
It's actually quite simple! By making higher repayments you pay off the loan faster and are therefore charged less in interest. With the above example you would pay off a 30 year loan in 22.7 years or by paying an additional $300 / month you would pay it off in 18.3 years.
Did you know that for a $400,000 loan at 8% over 30 years you would actually make repayments of $1,056,620? So in other words for a $400,000 loan you would actually pay $656,620 in interest!
This is why making extra repayments and thus paying off the loan as soon as possible, is so important.
When is this not suitable?
Fixed rate loans: Fixed loans have limits in the amount of additional repayments that you can make during the fixed rate period.
Most lenders will charge a fee if you pay more than $10,000 off your loan each year.
You can ask your lender to take extra repayments of up to $750 / month without the risk of going over your $10,000 limit.
Some fixed rate loans are set up with a variable portion so that you can make unlimited additional repayments on that part of the loan.
Investors: Generally, most investors prefer to save more money to invest, rather than repay their investment loan.
If you have a non-tax deductible debt such as a home loan, car loan or credit card then pay those off first.
If you have no other debts than your investment loan, then make the additional repayments into your offset account if you have one.
If not then talk to us so we can give you specific advice for your loan.
Interest only loans: If you have an interest only loan then maybe it is time to consider switching to principal and interest repayments! How do you know if your loan is interest only? Just check your statement to see if your balance is reducing each month or if the balance is staying the same. If you are not sure then give us a call.
How to increase or maintain your repayments
Most lenders can amend your repayment details over the phone. We've listed the contact details of some of the common lenders our customers have loans with:
For example. call your lender, quote your account number and ask them how much your repayment was for September 2008. Then just ask them to continue taking those repayments.
They will inform you of whether you need to fill in any forms or fax them a letter.
If you do have to fax them a letter, don't forget to put your full name, account number, the date, the exact amount you would like your repayments to be and to get all borrowers on the loan to sign the letter.
This is not financial advice
This is general advice about saving money on your home loan not specific financial advice.
Please refer to an accountant or financial planner for financial advice. If you have a question about your home loan, please feel free to call us on 1300 889 743 or enquire online.
) [90] => stdClass Object ( [post_id] => 20487 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Normally if you borrow over 80% of the property value then the lender will charge you a fee known as LMI. This can be quite expensive and works out to be around $24,000 for a 90% loan on a $1,000,000 property.
But what if you could have it waived?
As a legal professional, lenders will waive Lenders Mortgage Insurance if you’re borrowing up to 90% of the property value.
Speak to our mortgage brokers by calling 1300 889 743 or fill in our free assessment form to find out if you can qualify for a professional discount.
) [91] => stdClass Object ( [post_id] => 20489 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Up until May 2017, a couple of lenders began offering 90% waived LMI to eligible mining engineers earning a high income following a max exodus in September 2016.
Again, the reason was due to the lack of confidence that banks have in the mining, energy and resources sector.
Banks felt there was a high risk in offering mortgage discounts because of fluctuating job opportunities where mining companies were here one day and gone the next.
During these cycles, the chances of stable employment are under threat.
Despite waived LMI being no longer available at 90% LVR, you may still avoid LMI at 85% of the property value.
Of course, we can also help to negotiate significant interest rate discounts depending on your loan size and the risk of your application.
Want to save thousands off your home loan as a mining engineer? We have a lender on our panel that offers lender-paid LMI.
Speak with our mortgage brokers by calling 1300 889 743 or fill in our free assessment form today.
) [92] => stdClass Object ( [post_id] => 5596 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
Use this calculator to work out how much you’re currently putting away and how quickly you’ll be able to reach your deposit goal. Saving just a little more every week or month can make a huge difference and help you buy a home sooner.
If you need help with getting a home loan, call 1300 889 743 or complete our free assessment form to speak with one of our mortgage brokers.
) [93] => stdClass Object ( [post_id] => 44601 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Refinancing means paying off your existing home loan by taking out a new loan, be it with your current lender or through a different one. If you’re looking for a lower interest rate, it’s logical to assess your current home loan before refinancing, especially with banks offering refinance cashback and waived application fees. The refinance calculator helps you determine how much money and loan-term time you could potentially save if you switched home loans. Our expert mortgage brokers can help you refinance your home loan. Call Home Loan Experts at 1300 889 743 or enquire online.
) [94] => stdClass Object ( [post_id] => 515 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>
We’ve put together a full list of real estate terms and jargon that are commonly used in Australia.
If you don’t understand a particular term then please call us on 1300 889 743 or complete our free assessment form and we will answer your question.
) [95] => stdClass Object ( [post_id] => 43632 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>Play around with the figures and then speak to you mortgage broker to find out if you benefit from an interest only loan.
Call 1300 889 743 or complete our online enquiry form to discover if you qualify.
) [96] => stdClass Object ( [post_id] => 4870 [meta_key] => add_site_layouts_0_post_editor_option [meta_value] =>This calculator allows you to compare the actual cost of two different mortgages.
Input the details of your loan, including the loan amount, interest rate and ongoing fees and you can calculate the cost of the loan over the total term.
Call us on 1300 889 743 or complete our free assessment form if you're ready for a home loan.
) [97] => stdClass Object ( [post_id] => 55630 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Ultimately, both principal and interest vs interest-only loans can be suitable based on your individual situation and goals.
Speaking to a mortgage broker can help to clarify which option is best for you.
Talk to one of our award-winning specialist mortgage brokers by giving us a call on 1300 889 743 or by filling in our online assessment form.
) [98] => stdClass Object ( [post_id] => 73835 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Our mortgage brokers can help you get pre-approval sooner so that you are a step closer to buying your dream home or investment property. They will also help you get a competitive interest rate.
If you are looking for refinance or equity release, then our mortgage brokers can get you access to a wide range of products and services from a panel of over 50 lenders.
Our brokers have considerable knowledge and credit expertise, they can assess your situation better and recommend products accordingly.Our brokers have considerable knowledge and credit expertise, they can assess your situation better and recommend products accordingly.
Call us on 1300 889 743 or fill in our free online assessment form to get in touch with one of our expert mortgage brokers and discuss your situation.
) [99] => stdClass Object ( [post_id] => 36720 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>If your land is going to be compulsorily acquired by the government, we can’t help you with legal and financial advice.
However, we can help you refinance your existing mortgage and negotiate a great interest rate on your behalf.
Certain properties can be difficult to finance, particularly if you’re from a regional or rural area.
Luckily, we’re specialists in getting home loans approved for unique property types.
Please call us on 1300 889 743 or complete our free online assessment formT to speak with one of our mortgage brokers about your situation.
) [100] => stdClass Object ( [post_id] => 34282 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Need help with your home loan?
Whether you need a mortgage or you’re looking to refinance, mortgage brokers are usually free! You can read more about the services that a broker provides on the ‘What Is A Mortgage Broker?‘ page. Are you looking you the best mortgage brokers? Here’s how you find one! Call us on 1300 889 743 or complete this free assessment form. ) [101] => stdClass Object ( [post_id] => 37484 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => TSS visa mortgages are available if you choose the right lender. By presenting a strong case, you can even qualify for significantly reduced interest rates and other home discounts. We have helped thousands of temporary Australian residents on the following visa types:) [102] => stdClass Object ( [post_id] => 70134 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Non-bank Lenders
There are some trade-offs when you apply with non-bank lenders. Their interest rates are often higher, they have more postcode restrictions on where you can buy a property with their loans, and you may get to borrow only up to 80% of the property value.
At Home Loan Experts, we have over 50 lenders on our panel, including non-banks and specialist lenders. Call us on 1300 889 743 or enquire online for free and we can help you find the right lender.
) [103] => stdClass Object ( [post_id] => 1075 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>If a Home Loan Experts mortgage broker is arranging your home loan, please email your signed letter through to them.
Which lenders will accept a gifted deposit? Call us on 1300 889 743 or complete our free assessment form.
) [104] => stdClass Object ( [post_id] => 4468 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
We're specialist mortgage brokers that can help you get your mortgage approved.
If your lender is asking you to sign a stat dec that you believe is unreasonable, talk to us and we can help you find a bank that doesn't have this requirement.
If you'd like to make an appointment or speak to a mortgage broker, please call 1300 889 743 or complete our free assessment form today.
Still have questions? Feel free to comment below and we'll get back to you as soon as possible.
[sg_popup id=65221] ) [105] => stdClass Object ( [post_id] => 84407 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>The following lenders use Lenders Mortgage Insurance (LMI):
Although our Lenders Mortgage Insurance calculator doesn't take all of these lenders into account, you can expect that the LMI premium will be similar to the ones listed in the calculator results.
If you'd like an LMI quote for a specific lender then please contact one of our mortgage brokers on 1300 889 743.
) [106] => stdClass Object ( [post_id] => 84727 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
There are many other situations where the lender may require a confirmation of employment letter.
We always try to discuss your situation with the lender’s credit manager before wasting your employer’s time in asking them provide a letter.
If you're having trouble drafting a suitable employment letter, please contact call us on 1300 889 743 or enquire online.
Our mortgage brokers specialise in unusual employment mortgages.
Still have questions? Feel free to comment below and we'll get back to you as soon as possible.
) [107] => stdClass Object ( [post_id] => 84750 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => Before building a home, take the time to research and compare prices for materials, labour and permits. You should also consider the different ways to save on building costs and make a budget based on the estimated costs. Talk to our mortgage brokers if you want expert guidance as you apply for a construction home loan. Call us on 1300 889 743 or enquire online today! [sg_popup id=81314] ) [108] => stdClass Object ( [post_id] => 84776 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Are there low doc loans for trusts?
Yes, it’s possible to get approval for a low doc trust loan.
A low doc loan will allow you to declare your income rather than providing tax returns as proof of your income.
There are only a few select lenders that can consider low doc loans for trusts so it’s critical that you talk to us on 1300 889 743 or complete our free assessment form before you apply for a low doc loan using a trust.
) [109] => stdClass Object ( [post_id] => 940 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Yes, it’s possible to setup the loan to be in the name of the trustee or director of the trustee instead of being in the trust name.
For example, if John Smith is the director of ABC Pty Ltd, the trustee for The Smith Unit Trust, then the loan could be set up in two ways:
Note that some banks don’t accept the second loan structure listed above.
Please talk to your accountant for tax advice regarding the different structures.
Fill in our free assessment form or call one of our brokers on 1300 889 743 to find out which lenders can help with your proposed loan structure.
) [110] => stdClass Object ( [post_id] => 69333 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
As discussed above, price isn’t the only factor vendors are considering when looking at offers. They’re also looking at the buyer. A buyer with a pre-approval is more likely to be seen as serious, especially if the vendor requires a quick, decisive sale. It helps them avoid uncertainty with settlement and finance dates. To get pre-approved, please speak with one of our specialist mortgage brokers by giving us a call on 1300 889 743 or by filling in our free online assessment form today.
) [111] => stdClass Object ( [post_id] => 3812 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Our mortgage brokers are experts in setting up home loans in the name of a company!
Whether it’s a simple company with one or two directors or a large joint venture with many partners, we can help you get approved.
We can quickly work out if you’re qualified for a loan and we know which lenders will give you the best possible interest rate.
Please contact us on 1300 889 743 or complete our free assessment form and one of our specialist mortgage brokers will give you a call to discuss your situation.
) [112] => stdClass Object ( [post_id] => 2369 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Apply For A Rental Letter Home Loan Today
Please complete our free assessment form or call us on 1300 889 743 and we can tell you how you can use your rental payments as proof of your ability to pay off a home loan.
Still have questions? Feel free to comment below and we'll get back to you as soon as possible.
[sg_popup id=81314] ) [113] => stdClass Object ( [post_id] => 31234 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Taking over your parents’ mortgage, whether through buying the property below market value or helping out with the mortgage repayments, is a big decision.
Going about it the wrong way can prove costly in the long run, with future legal disputes possibly affecting your ability to borrow in the future and putting you under financial strain if you already have a home loan.
Speak to your mortgage broker or your lender first. They may be able to provide a solution.
After that, speak to a financial adviser and a solicitor about other possible solutions.
Call us on 1300 889 743 or complete our free online assessment form and we can put you in touch with a bank representative or a solicitor who can help you.
) [114] => stdClass Object ( [post_id] => 3900 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Do you need help with your mortgage? Enquire online and one of our mortgage brokers who specialises in worker’s comp home loans will give you a call us on 1300 889 743 to discuss your options.
We can quickly work out if you are eligible for a home loan and help you to get approved!
) [115] => stdClass Object ( [post_id] => 31076 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Getting an offset account is a great strategy from a tax perspective.
The offset facility earns no interest, however, the bank will take the balance into account when assessing your loan interest.
This means that if you have a $800,000 loan and you've put $300,000 in the offset account, the bank will calculate interest on just $500,000. This can make a huge difference on the tax amount.
Not all lenders offer offset accounts on interest only loans and they may also limit the amount of extra repayments you can make.
To learn more about offset accounts, you can speak with one of our mortgage brokers on 1300 889 743 or complete our free online assessment form.
) [116] => stdClass Object ( [post_id] => 495 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
All too often, people start a renovation project only to run out of funds halfway through.
Often, they will approach their bank for a loan extension but will be declined.
They will then go with a non-conforming lender that will allow them to borrow but charge them an exorbitant interest rate.
It’s best to fill in our free assessment form or speak to one of our expert mortgage brokers on 1300 889 743 so they can assist you in applying to ensure that you maximise your chances of approval.
) [117] => stdClass Object ( [post_id] => 35511 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Speak with one of our experience mortgage brokers by calling 1300 889 743 today.
Alternatively, complete our online enquiry form and we'll get back to you with some lender recommendations.
) [118] => stdClass Object ( [post_id] => 34178 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Discover how you can borrow at the maximum Loan to Value Ratio (LVR) for your situation and qualify for heavily discounted commercial interest rates.
With an extensive lending panel and credit expertise, our mortgage brokers are financial planning practice loan specialists.
Call us on 1300 889 743 or fill in our online assessment form today.
) [119] => stdClass Object ( [post_id] => 70720 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => Want to know more about the Super Home Buyer Scheme or find out if you’re eligible? Contact our specialist mortgage brokers at 1300 889 743 or fill in our online assessment form. We can help you find the home buyer schemes that can help you, today! ) [120] => stdClass Object ( [post_id] => 189 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Yes, the vast majority of lenders are very reluctant to lend to areas that are not prime regional or metropolitan locations.
As a rule of thumb if there are less than 10,000 people in a town then lenders may have restrictions on Low Doc loans in that area.
If the area in which your property is located is on an island not connected to the mainland, is in a small rural town or is a hobby farm in an isolated location you are likely to have significant difficulties obtaining a low doc loan from most lenders.
Many lenders assess location by the postcode which has given rise to the term postcode restrictions.
One of our lenders has no location restrictions for standard low doc loans, we recommend that you to call us on 1300 889 743 or enquire online if you believe location restrictions will be applicable for your loan.
) [121] => stdClass Object ( [post_id] => 50448 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Neobanks are a great alternative to traditional banks and offer a hassle-free process of getting a home loan.
Unfortunately, your option of getting a home loan with a neobank is difficult - with 86 400 being the only one offering home loans.
If you're on the lookout for a home loan at a competitive interest rates, then we can help you choose from our panel of 40 lenders.
Our award-winning mortgage brokers will guide you step-by-step through the process of getting a home loan.
Get in touch by calling us at 1300 889 743 of filling in our free assessment form.
[wbcr_snippet id="72964"] ) [122] => stdClass Object ( [post_id] => 55976 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Talk to one of our specialist mortgage brokers if you’d like to go over all the available home loan options before extending your mortgage freeze.
Call us on 1300 889 743 or fill in our online assessment form.
) [123] => stdClass Object ( [post_id] => 27380 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>No.
Most lenders offer the same competitive interest rates on a gifted deposit home loan as they do on normal home loans. This means that you can borrow up to 95% LVR with a gifted deposit and still get a great rate.
Give us a call on 1300 889 743 or fill in our free online assessment form and we can help you find the right lender for your situation from our panel of over 40 reputable lenders.
) [124] => stdClass Object ( [post_id] => 33339 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => Under the Retail Leases Act 1994 and the Agricultural Tenancies Act 1990, your security deposit will sit with your relevant state's bond board until such time that you vacate the premises and the landlord is satisfied that the property has been made good. Even if you have sublet the entire premises to a third party, your bond will continue to be retained by the head lessor. If you're intending to vacate the premises, the bond will only be released once you have transferred the leasehold to the new tenant and the new tenant has paid the equivalent bond to the head lessor.
Do you need a commercial loan?
Whether you need a loan to buy your own commercial property or business finance to help with your cash flow, we can help. Call us on 1300 889 743 or complete our free assessment form to speak with one of our specialist mortgage brokers. [wbcr_snippet id="75752"] ) [125] => stdClass Object ( [post_id] => 35474 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Tell us about the shed house you're looking to buy by calling us on 1300 889 743 or by completing our free assessment form today.
) [126] => stdClass Object ( [post_id] => 32857 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Our experienced mortgage brokers can help you get the granny flat loan you need to get your project off the ground.
Please call us on 1300 889 743 or enquire online and we will work out which lender can assist you with your granny flat investment.
[wbcr_snippet id="73410"] ) [127] => stdClass Object ( [post_id] => 31860 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>We're not valuers but we can help you qualify for a commercial property loan!
If you're happy with the cap rate of a property you've found and you've undertaken further due diligence, get in touch with us and we can help you qualify for a commercial loan, whether you're buying a freehold or need a business loan as well.
We have strong relationships with the commercial credit departments of a number of major banks as well as specialist lenders.
Because we know the key decision makers, we know how to build a strong case so you have a strong chance to get approved the first time around and even negotiate reduced commercial interest rates.
Call us today on 1300 889 743 or complete our free assessment form and tell us about the commercial property you're looking to buy.
[wbcr_snippet id="75453"] ) [128] => stdClass Object ( [post_id] => 33498 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Give us a call on 1300 889 743 or complete our online enquiry form to speak with one of our mortgage brokers about your situation.
We can properly assess your financial needs including how much you’re paying in mortgage repayments and let you know if you can get a better commercial loan deal from our panel of lenders.
) [129] => stdClass Object ( [post_id] => 10048 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Most temporary residents who have purchased a home are on a 457 visa or a spouse visa, and are unlikely to be affected by the changes to skilled migration policy.
Other visa types that have been affected should talk to one of our mortgage brokers by calling 1300 889 743 (When outside Australia call +61 2 9194 1700), or you can enquire online.
Some migrants on visa subclasses that purchase homes in Australia include, but are not limited to:
SkillSelect makes it easier for some skilled workers to apply and migrate to Australia. As their services are in high demand, a sponsor is more likely to offer them a stable job, with a good income. Combined with their visa status, the banks are more likely to consider them able to service a home loan.
Therefore, SkillSelect may encourage more migrants to take advantage of these opportunities, and to break into the Australian property market.
) [130] => stdClass Object ( [post_id] => 35162 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Do you want to buy a swanky inner city unit, a luxury house or even escape to the country buying a large acreage or hobby farm?
We can help you finance your property dreams but keep in mind that some lenders may require you to come up with a larger deposit.
You may also have to pay LMI which means you'll also need to meet the genuine savings requirement.
However, depending on your employment stability and income level, we may be able to negotiate with the lender on your behalf and still get you a great deal.
Discover if you qualify for a home loan for entertainment professionals.
Call us on 1300 889 743 or complete our free assessment form today.
[wbcr_snippet id="74074"] ) [131] => stdClass Object ( [post_id] => 26620 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Do I qualify?
Generally speaking, you’ll need:
Want to know if you qualify for a 5% deposit home loan?
Fill in this free and easy assessment form or call us directly on 1300 889 743 and let us help you find the right home loan for your needs. ) [132] => stdClass Object ( [post_id] => 916 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Do you hold a 189, 190, 801 or another type of permanent resident visa?
We're mortgage brokers who specialise in helping people without citizenship buy property in Australia. To find out how we can help you get approved for a permanent resident mortgage, please contact us on 1300 889 743 or enquire online today.
[wbcr_snippet id="74958"] ) [133] => stdClass Object ( [post_id] => 21713 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>There are better options available than using a super to buy a home.
Our mortgage brokers are here to help you find a low-deposit home loan solution that works for you. Call us on
1300 889 743 or fill in our free online assessment form.
The ATO can be quite aggressive with taxpayers who have had a bad repayment history or who have not communicated with them. It is wise to let the ATO immediately know if you cannot fulfil your obligations. The more you ignore the responsibility, then the more severe the actions you might have to face.
If the ATO takes you to court, it may result in a court writ or judgement being recorded on your credit file. On top of that, some of our major lenders will not accept future loan applications from you because they will consider you to be a high-risk client.
Even if a court writ is paid, it will remain on your credit file for four years, whereas a judgement will remain on your credit file for five years.
On the bright side, we can still help you if you have gone to court with the ATO! We know specialist lenders who can refinance your mortgage and pay the full debt including the General Interest Charge (GIC) and legal fees.
Please call us on 1300 889 743 or enquire online to speak to a broker who specialises in refinancing tax debt.
) [135] => stdClass Object ( [post_id] => 32531 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Did you know that foreign investors and temporary residents can get the same interest rates and borrow at the same Loan to Value Ratios (LVRs) as Australian citizens and expats, permanent residents and New Zealand citizens?
You won't be charged more for a business loan just because you're a non-resident!
In fact, as specialist mortgage brokers with a range of major banks and lenders to choose from, we have the negotiating power to get you discounted interest rates and borrow the amount you need to start a business.
So call us today on 1300 889 743 or complete our free assessment form and we can help present a strong business case with the right lender.
) [136] => stdClass Object ( [post_id] => 69979 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Many doctors end up building large property portfolios, which can potentially end up earning them more money than their career. Here are some things to keep in mind if you’re looking to build your portfolio:
Time is of the essence when it comes to building a property portfolio. Buy properties faster and build your property empire with Home Loan Experts. Call us on 1300 889 743 or enquire online today.
[wbcr_snippet id="74092"] ) [137] => stdClass Object ( [post_id] => 30248 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Our mortgage brokers specialise in bad credit home loans. Although there aren't any no credit check home loans, we can still help you prepare a strong application and apply with the right lender for your personal situation.
Besides getting you approved, we also prioritise setting up a home loan with the intent of refinancing you back to a major lender when your credit history is clear.
Call 1300 889 743 or complete our free online assessment form if you want to check how your situation stacks up.
) [138] => stdClass Object ( [post_id] => 50690 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>There are options available to build a home with bad credit if you know where to look.
Our mortgage brokers are credit experts who can assess your situation and get you the best deals according to your construction needs.
Please call us on 1300 889 743 or fill in our free assessment form to find out if you qualify for a construction loan with bad credit.
) [139] => stdClass Object ( [post_id] => 54185 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Most people outside of mortgage brokers don’t know this, but banks assign priority service for applications submitted by top brokers. By top brokers, they mean brokers who’ve submitted quality deals that go through over the past 12 months or on a regular basis.
As such, the applications submitted by these top brokers are moved to the front of the line. For example, one of our major lenders has a system of categorising brokers into Gold, Flame, or Accredited.
Current SLA: Gold- 4-5 days/ Flame- 2days /Accredited- 20 days
What this means is that an application submitted by a “Gold” broker gets assessed within 4-5 business days. In contrast, a submission through an accredited broker will take 20 days.
If you want an application fast-tracked, it pays to go through a priority service mortgage broker.
Many of our brokers enjoy priority service enjoy priority services with banks.
Get your application fast-tracked by talking with one of our mortgage brokers by giving us a call on 1300 889 743 or by filling in our online assessment form.
) [140] => stdClass Object ( [post_id] => 11856 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
If you have a real estate and a construction project in mind, we can help! Call us on 1300 889 743 or enquire online and our brokers will contact you.
[wbcr_snippet id="73508"] ) [141] => stdClass Object ( [post_id] => 72795 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => Asking the right questions can help you make an informed decision about a bank’s responsibility and accountability. If you would like to get a home loan from a green and ethical bank, talk to our mortgage brokers today. Call us on 1300 889 743 or enquire online. ) [142] => stdClass Object ( [post_id] => 28346 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>There are only a handful lenders that will accept Family Tax Benefits as a source of income when assessing your ability to qualify for a home loan.
We're specialists in helping people who have an income source that is out of the ordinary qualify for a home loan.
Call us on 1300 889 743 or complete our free assessment form today to discover if you're eligible for a Family Tax Benefit mortgage.
[sg_popup id=65221] [wbcr_snippet id="74660"] ) [143] => stdClass Object ( [post_id] => 69888 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Contact our specialist mortgage brokers at 1300 889 743 or fill in our online assessment form and we will help you find the perfect doctor home loan.
) [144] => stdClass Object ( [post_id] => 64005 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>To reiterate, using a buy now, pay later account does not mean you’re home loan application will be declined. If appropriately used, it can be a budgeting tool to keep your expenses in order. Here are some tips on how you use buy now, pay later responsibly and improve your chances of home loan approval:
The bottom line, at times when it’s harder to qualify for a home loan, it’s best to be vigilant about your expenses. At Home Loan Experts, we can provide you with a free credit report to check if your buy now, pay later purchases could affect your chances of mortgage approval. Our mortgage brokers will help weed out unnecessary debts and expenses to improve your chances of getting a home loan approved. Call us on 1300 889 743 or enquire online for a free no-obligation assessment. [wbcr_snippet id="73034"] ) [145] => stdClass Object ( [post_id] => 7916 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Choosing an interest only loan product, can reduce the amount you pay each month, making it a great option for investors.
Some banks will even allow you to borrow up to 90% LVR!
We know a few select lenders that offer interest only repayment options. Please speak to us on 1300 889 743 or enquire online if would like to pay interest only.
) [146] => stdClass Object ( [post_id] => 2623 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => If you have applied for just one or two credit facilities within the last six months then your next loan may be declined. This is because banks perceive people as "credit junkies" if they have made too many recent enquiries. Luckily enough there are specialist lenders that can get your application approved despite having made too many enquiries. However you will need to provide an explanation to the banks regarding the reason behind each enquiry and they will assess your loan accordingly. Please call us on 1300 889 743 or enquire online and one of our mortgage brokers will check your credit score and see if you can get approved. [wbcr_snippet id="75306"] ) [147] => stdClass Object ( [post_id] => 4513 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Please call our office on 1300 889 743 or enquire online and your mortgage broker can walk you through the process of downloading the required documents from internet banking.
) [148] => stdClass Object ( [post_id] => 8066 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>We are mortgage brokers with credit expertise who know how to get your LAFHA loans approved! We regularly help people with unusual employment situations who have LAFHA as part of their salary obtain home loans.
Call us on 1300 889 743 or enquire online and let us help you with your home loan!
[wbcr_snippet id="74829"] ) [149] => stdClass Object ( [post_id] => 11805 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Home Loan Experts is dedicated to finding our clients the home loan that works best for their needs.
We can pick and choose products from over 50 different banks and lenders, often finding bank employees with better mortgage deals.
Are you looking for a home loan and are employed at a bank or lender?
We can help!
Contact us today, and one of our specialist brokers will help you find the best home loan available from our panel.
Call 1300 889 743 or enquire online.
[wbcr_snippet id="73060"] ) [150] => stdClass Object ( [post_id] => 32080 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Call 1300 889 743 or complete our free assessment form to speak with one of our franchise loan specialists!
) [151] => stdClass Object ( [post_id] => 58892 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>If you're still confused about which home loan is right for you, it's best to take the help of a mortgage broker.
At Home Loan Experts, our mortgage brokers know the lending policies and home loan products of over 50 lenders.
We can find the right home loan solution for you.
Call us on 1300 889 743 or fill in our free online assessment form.
) [152] => stdClass Object ( [post_id] => 31486 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Depending on your investment strategy, you may actually need two to three loans throughout the entire development process, specifically:
What about the cost of the development application (DA) and other soft costs?
Soft costs are generally considered as costs that aren't labor and materials. These "extra" development costs relate to:
Many first-time residential property developers are often surprised that the development loan only covers the land and construction costs.
Make sure you take into account these extra costs when calculating the total cost of development.
The way around it is if you bought the block of land a few years ago and have paid off a good part of the land loan.
If you have the equity, you can cash out and use these funds to cover some of the extra costs.
We can help you refinance your existing mortgage to fund a residential development loan!
Alternatively, if you can provide formal written quotes for these soft costs we can often get the bank to extend the loan for these costs.
It really depends on the nature of the work and the lender that we're working with as to whether this will be possible or not.
Call us on 1300 889 743 or complete our online assessment form and let us help you plan out your residential development loan so you can have a smooth construction process and get help with your development application (DA) if you need one.
) [153] => stdClass Object ( [post_id] => 3413 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Our mortgage brokers are specialists in all types of equity release loans. We can quickly work out the best options for you and then help you to get a speedy approval.
Please call us on 1300 889 743 or enquire online and one of our mortgage brokers will call you to discuss your enquiry.
) [154] => stdClass Object ( [post_id] => 55899 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Our mortgage brokers are experts in handling this loan structure. Reach out to them so they can assess your situation and work out the best strategy for you and your partner.
Please enquire online or call 1300 889 743 to discuss your situation with one of our mortgage brokers.
) [155] => stdClass Object ( [post_id] => 1938 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Our mortgage brokers are experts in construction loans and know how to help you get your mortgage approved!
Please call us on 1300 889 743 or complete our free assessment form to talk to a mortgage broker in our office.
We can quickly work out if you qualify for a mortgage and then help you to apply with the most competitive bank.
[wbcr_snippet id="73415"] ) [156] => stdClass Object ( [post_id] => 58156 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Our mortgage brokers are experts in helping temporary residents buy properties in Australia.
Please call us on 1300 889 743 or complete our free assessment form today to find out if you qualify for a 494 visa home loan.
[wbcr_snippet id="74962"] ) [157] => stdClass Object ( [post_id] => 34939 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>We're experts in unusual income types like income protection insurance!
Call us on 1300 889 743 and tell us about your situation. Otherwise, you can simply fill in our free assessment form and one of our mortgage brokers will get back to you.
[sg_popup id=65221] [wbcr_snippet id="74672"] ) [158] => stdClass Object ( [post_id] => 3417 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Business loans can be significantly more complicated than standard residential loans.
For this reason, it's best to speak to a mortgage broker who specialises in business equity loans.
If you have a home, investment property, commercial property or other real estate that you can use as security then please enquire online or call us on 1300 889 743.
We can quickly work out which loans you can qualify for and which lenders can give you the best possible interest rate discount.
) [159] => stdClass Object ( [post_id] => 69070 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => If you’re having trouble deciding whether a capital-growth or rental-yield strategy is best for you, Home Loan Experts can help. Call us at 1300 889 743 or enquire online to find out which lenders can help with your investment loan. ) [160] => stdClass Object ( [post_id] => 64047 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Call us on 1300 889 743 or fill in the free online enquiry form on our website and we will assist you in finding your dream home with ease. Don’t forget to enroll in our Home Buyers Institute to learn much more about the various factors a home buyer must know before they buy!
) [161] => stdClass Object ( [post_id] => 7863 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>If you’re working as an Australian government official in an overseas embassy, it may be easier to get loan approval.
This is partly due to your status as an Australian citizen, as well as your income and job stability.
Most Australian government employees who have been deployed overseas are still Australian residents for tax purposes and are paid in Australian dollars.
This reduces exchange rate fluctuations, making it a lower risk to the lender.
Whilst the banks do not offer special rates or discounts for government officials, you will still be eligible for a competitive loan package.
Speak to us today on 1300 889 743 (+61 2 9194 1700 from outside of Australia) to find out more or enquire online and one of our mortgage brokers will contact you to discuss your situation.
) [162] => stdClass Object ( [post_id] => 44456 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => If you owe less than 80% of the property value on your mortgage, you can cancel the LMI premium by having your property revalued. Your monthly LMI payments cease once the LVR of the home loan drops below 80%. To find out how much you could save on LMI, talk to one of our specialist mortgage brokers by calling us on 1300 889 743 or by completing our enquiry form. ) [163] => stdClass Object ( [post_id] => 45114 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => Your home loan may have been suitable for you a few years ago, but your circumstances change over time, and so do your needs. Generally speaking, if you haven’t checked your interest rate in the past two years, you could be missing out on a lower rate. Call us today on 1300 889 743 or enquire online to learn more about the cost of refinancing and your refinancing options. ) [164] => stdClass Object ( [post_id] => 30490 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Do you have more questions about how aged care facility commercial loans work?
We have the answers!
Is aged care the same as an over 55s village?
No. Over 55s villages or retirement villages are housing communities that have been promoted by the state government, particularly in NSW under State Environmental Planning Policy Number 5 (Sepp 5) zoning.
Although these types of properties are difficult to finance, they’re still residential, not commercial properties.
If you’d like to invest in a SEPP 5 property instead, check out the Over 55s Village Mortgage page.
How much do nursing homes cost?
A nursing home can be expensive.
Much of this has to do with supply and demand. There just wasn’t much construction going on during the global financial crisis (GFC): it was about increasing the capacity of existing facilities.
Today, industry estimates put the core price for a relatively new aged care facility with single ensuite rooms upwards of $190,000 per bed minus RADs.
As a rough estimate, you could be looking at around $15-20 million for a 100-bed facility in a metro location on the east coast.
Can I get funding to convert a residential property?
Banks are generally very strict about lending to someone wanting to convert a residential property they own into a nursing home.
They need to meet all of the requirements under DoHA’s accreditation not to mention development application approvals.
Due to tragic natural disasters in the past few years, you’d be hard-pressed to build in areas deemed to be bushfire or flood prone.
On top of this, bank appetite is for strong operators who already have a proven track record.
The only rare exception to this is if you have significant equity and have a proven operator hired to trade up the facility.
Do you need an aged care facility commercial loan?
With strong relationships with the commercial arms of almost 40 lenders including the major banks, Home Loan Experts are specialists at aged care facility commercial loans.
Call us on 1300 889 743 or simply tell us about your investment plans in our free assessment form and we’ll tell you how we can help.
[wbcr_snippet id="75865"] ) [165] => stdClass Object ( [post_id] => 65316 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Are you looking to buy a property but are not sure where to start? Call us on 1300 889 743 or fill in the free online enquiry form on our website and we will assist you in finding your dream home with ease.
) [166] => stdClass Object ( [post_id] => 33319 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Royalty income is complex as there are many different sources of royalties and they each need to be assessed on their individual merits.
Typically banks look at:
Please call us on 1300 889 743 or complete our free assessment form and our mortgage brokers will let you know how your royalty income will be assessed.
) [167] => stdClass Object ( [post_id] => 35730 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>We're mortgage brokers who specialise in helping people without Australian citizenship to apply for a loan in Australia. We regularly help people on working visas, in particular 457 visas, to buy real estate in Australia.
If you'd like to buy a property in Australia and need mortgage approval please complete our free assessment form or call us on 1300 889 743.
) [168] => stdClass Object ( [post_id] => 32408 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Keeping an eye out for every opportunity to reduce your loan term will put you forward in your situation.
Call us on 1300 889 743 or enquire online and speak with an experienced mortgage broker and find out how you could repay your mortgage faster.
) [169] => stdClass Object ( [post_id] => 30404 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Even if you've received overtime income for just three months, we may be able to help you find a lender that can consider 100% of this income.
Please call us on 1300 889 743 or complete our free online assessment form and we can help you apply with the right lender.
) [170] => stdClass Object ( [post_id] => 7051 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>The First Home Owners Grant (FHOG) scheme is a federal government initiative however it is managed by the state governments.
Some states have their own additional benefits such as an extra bonus grant or an exemption from stamp duty. You should refer to the governments First Home Buyer Website for a link to your state governments first home benefits info page.
On the website there will be a contact number, fact sheet or eligibility guide which can assist you further.
As a general rule of thumb you must be a natural person (not a company), buying your first home and you must be a permanent resident, Australian or NZ citizen.
If your spouse or de-facto have already owned a home then you may be ineligible for the grant. Contact your state government for the full eligibility criteria.
To find out whether you will get approved for a home loan, speak to our mortgage brokers on 1300 889 743 or enquire online. We can help first home buyers finance the home of their dreams! Call us today.
) [171] => stdClass Object ( [post_id] => 9626 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Are planning on investing in Australian real estate? Our buyers guide can help explain the buying process including what professionals you may need to assist you.
For more information and to apply for a loan, contact us today! You can call 1300 889 743 (if outside Australia, call +61 2 9194 1700), or enquire online and one of our non-resident mortgage specialists will contact you.
) [172] => stdClass Object ( [post_id] => 2658 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
If you’re behind on your home loan repayments and want to refinance, immediately consult a specialist lender or a mortgage broker. At Home Loan Experts, we have access to a panel of specialist lenders who can help with your circumstances. We know the right lenders who can approve a home loan or debt consolidation. Our mortgage brokers are credit specialists and will thoroughly assess your situation to improve your chances of refinancing a home loan in arrears. Please call us at 1300 889 743 or fill in our free assessment form.
) [173] => stdClass Object ( [post_id] => 170 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Our mortgage brokers are experts in low doc financing. Send us an online enquiry or call us at 1300 889 743 and we will be in touch with some free quotes from leading bank and non-bank lenders that specialise in low doc and lite doc lending.
) [174] => stdClass Object ( [post_id] => 44780 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>You're probably paying too much interest on your investment home loan. We can help you start saving thousands of dollars a year by refinancing!
Backed by industry-leading experts, our simple process will allow for an easy transfer from the existing lender. We'll take care of all that hard work for you.
Call us on 1300 889 743 or complete our free assessment form if you're interested in learning more about saving money on your investment home loan through refinancing.
) [175] => stdClass Object ( [post_id] => 48471 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Let’s imagine a very common occurrence; mum, dad and son bought their owner-occupied property 8 years ago, they borrowed $300,000 from a bank and their property is now worth $700,000.
Son is getting married next month and wants to take out a top-up loan of $20,000 against the home to fund the wedding and honeymoon, mum and dad think this is a brilliant idea rather than giving them cash.
They approach their bank and submit the loan application on the 2nd of July 2019 after the new Code becomes effective, however, their loan submission is declined by their bank.
Because under the new Code, banks need to establish substantial benefit for all borrowers, and in this case, the bank considered the primary loan purpose was for the son solely.
If this happens to you as well don’t worry, our specialist mortgage brokers can help you find you an alternative lender that’s willing to help you out.
Give us a call on 1300 889 743 or please fill in our online assessment form today.
[wbcr_snippet id="72892"] ) [176] => stdClass Object ( [post_id] => 31730 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Do you have a car dealership you have your eye on?
Call us on 1300 889 743 or complete our free assessment form and we can tell if you qualify for a car yard commercial loan.
Discover how much you can borrow and what kind of loan term you qualify for!
) [177] => stdClass Object ( [post_id] => 78980 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Ready to unlock your earning potential through rental properties? Our expert mortgage advisers are here to guide you every step of the way. Whether you're a first-time investor or expanding your portfolio, we'll help you secure the most suitable financing options for your property investment. Take action now! Contact us today at 1300 889 743 or complete our free online assessment form to start.
) [178] => stdClass Object ( [post_id] => 3672 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Our mortgage brokers are specialists in helping people to buy a display home. If you are having trouble financing your investment then please call us on 1300 889 743 or enquire online and one of our brokers will call you to discuss your options.
[wbcr_snippet id="73386"] ) [179] => stdClass Object ( [post_id] => 36099 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>We can help get you prepared for your business loan application and choose the right lender for your business needs.
We have nearly 40 lenders to choose from and we have strong negotiation power with all of them.
Because we know the key decision-makers, we can also help you to qualify for a competitive interest rate and favourable loan terms.
Call us on 1300 889 743 or complete our free assessment form to discover if you qualify for a business loan.
) [180] => stdClass Object ( [post_id] => 27147 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>As a consultant, the chances of your loan being approved is fairly high as long as your application is submitted to the right bank.
We're consultant home loan experts so we know exactly how to build a strong case so you have a higher likelihood of getting approved with a lender that actually takes a common sense approach to your income and employment situation.
Call us on 1300 889 743 or complete our free assessment form to get a quote for a consultant home loan today!
[wbcr_snippet id="74817"] ) [181] => stdClass Object ( [post_id] => 13103 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>In order to improve your borrowing power, it's better if the bank uses both you and your partner's income.
Unfortunately, most banks won't consider your partner's income if they're not an Australian citizen or permanent resident (PR).
However, we have been able to get exceptions to policy for strong cases.
Here's what the bank is looking for:
Please call us on 1300 889 743 or fill in our free online enquiry form to discover if we can get you approved as an exception to policy.
) [182] => stdClass Object ( [post_id] => 61994 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
With the budget focusing on recovery, Australians who weren’t able to get ahead of the property market boom might have a chance now.
The introduction of the Family Home Guarantee and the extension of existing programs, like HomeBuilder and FHLDS (New Homes), will help first-home buyers achieve their dreams of homeownership sooner.
Similarly, tax relief for low- and middle-income earners means better affordability for home loans.
Speak with one of Home Loan Experts’ mortgage brokers to discuss your situation and make the most out of the budget. Please call us on 1300 889 743 or fill in our free assessment form.
) [183] => stdClass Object ( [post_id] => 3889 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Once you’ve submitted your home loan application, you should make sure it has adhered to bank policy.
To do this, you can ask your mortgage broker or the lender:
Please be aware that interest rates and lending policies are subject to change. If they do, even a formal pre-approval may no longer be vaild.
Be sure of current rates and policies before going to auction, preferably the same day or as close to it as possible.
The lenders will most likely not notify you of these details unless you ask.
To find out more about this, see our page on bank policy and lender guidelines or contact us here at Home Loan Experts.
You may enquire online for free or call and speak with one of our specialist brokers on 1300 889 743.
) [184] => stdClass Object ( [post_id] => 956 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
You can apply for a home loan to buy an investment property in a trust. Our company has mortgage brokers that specialise in helping people borrow money using their trust.
Please contact us on 1300 889 743 or complete our free assessment form to discuss your needs with one of our brokers.
) [185] => stdClass Object ( [post_id] => 40936 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
We can assess your needs and find you the right solution for your situation.
That's because we understand that a home loan is not all about the interest rate.
Please call us on 1300 889 743 or complete our free assessment form to speak with one of our mortgage brokers today.
) [186] => stdClass Object ( [post_id] => 84764 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Whether you're a casual teacher, part-time lecturer or school principal, we're here to assist you every step of the way. We share your passion for making a difference. Our home Loan Experts have seven years of experience, on average, as mortgage brokers. They will help you explore teacher home loan options and guide you towards home ownership.
Call us at 1300 889 743 or fill out our free online assessment form to get started now. Let's make your dream of owning a home a reality together!
) [187] => stdClass Object ( [post_id] => 31281 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>It's essential that you seek legal advice from a professional before you decide to apply for any home loan. Speak with your accountant or a professional financial advisor to find out what the financially sound decision will be.
Alternatively, you can speak with one of our experienced mortgage brokers to find out if you qualify and how much you can borrow. To speak with one of them, call us on 1300 889 743 or fill in our free online assessment form today.
) [188] => stdClass Object ( [post_id] => 31017 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Call us on 1300 889 743 or complete our free assessment form and we can tell you if you qualify for a retail commercial loan.
) [189] => stdClass Object ( [post_id] => 31017 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Call us on 1300 889 743 or complete our free assessment form and we can tell you if you qualify for a retail commercial loan.
) [190] => stdClass Object ( [post_id] => 334 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>It is critical that you apply with the right bank! Our mortgage brokers specialise in lending to new migrants, Australians living overseas and foreign investors. We can assess your application and submit it with a lender that will approve it the first time round. Please call us on 1300 889 743 (+61 2 9194 1700 outside Australia) or enquire online and one of our mortgage brokers will call you to discuss the mortgages that you may qualify for.
) [191] => stdClass Object ( [post_id] => 19581 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Can investors buy both residential and commercial properties?
Stability and growth aren’t just features of residential houses, townhouses and units.
Most commercial properties such as offices, factories and retail outlets have proven themselves to have excellent returns.
Larger foreign investors tend to prefer hotels, pubs, commercial farms and residential and commercial developments.
Foreign investment regulation changes
In December 2015, the Australian Government introduced new legislation to foreign investors to purchase Australian property.
Under the new laws, non-resident buyers can only invest in new dwellings, off-the-plan properties under construction, or vacant land with a view to development.
Because they’re not residents, they’re not allowed to buy established dwellings unless they plan to demolish said dwelling and construct a new one within 4 years of the date of approval. The redevelopment must add to the housing stock for approval to be given. Non-residents who purchase property in Australia are required to seek approval from the Foreign Investment Review Board (FIRB), without may face severe penalties including up to $135,000 in fines, three years’ imprisonment or both.
Do you need help with getting approved for a foreigner mortgage?
Call us on 1300 889 743 (+61 2 9194 1700 from outside of Australia) or complete our free assessment form to speak to our specialist mortgage brokers.
They can guide you through the application process.
) [192] => stdClass Object ( [post_id] => 29276 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
We’re experts in getting Australian expats living in Canada approved for a mortgage in Australia.
Most of the time our services are free!
Please call 1300 889 743 (+61 2 9194 1700 from outside of Australia) or complete our free assessment form to speak with one of our experienced mortgage brokers.
) [193] => stdClass Object ( [post_id] => 30828 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>As a general rule, if you're borrowing more than 80% LVR (60% for a low doc loan) then you'll need to pay Lenders Mortgage Insurance (LMI), a special guarantee for the lender in case you default on your home loan.
However, if you're eligible for an LMI waiver then you can save thousands of dollars in LMI alone!
Are you currently engaged in a professional field?
Australian banks prefer lending to particular professionals, even offering significant interest rate discounts or waiving the cost of LMI entirely!
The most common professions that are eligible for waived LMI include:
Normally, other high-income professionals may also qualify for an LMI waiver.
Not sure if you qualify for waived LMI?
Speak with us on 1300 889 743 (+61 2 9194 1700 if you're overseas) or complete our free online assessment form to find out if you're eligible.
) [194] => stdClass Object ( [post_id] => 32987 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
The quickest way to do this is to ask your mortgage broker to provide you with comparable sales so you can quickly estimate the value of your property.
We can also order multiple bank valuations before lodging an application for you! You can discuss this with one of our mortgage brokers by calling us on 1300 889 743 or by filling in our free online assessment form.
[wbcr_snippet id="72198"] ) [195] => stdClass Object ( [post_id] => 63666 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>We’re here to help
Home Loan Experts can help you apply for Family Home. Discuss your situation with our mortgage brokers today, and we’ll find you the best home loan for your scenario. Call us on 1300 889 743 or fill in our free assessment form.
) [196] => stdClass Object ( [post_id] => 30733 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>We’re mortgage brokers who specialise in helping people overseas to buy property in Australia.
Here are a few reasons why you should use our services:
Having an expert mortgage broker in Australia can make all the difference! Please call 1300 889 743 (+61 2 9194 1700 from outside of Australia) or enquire online and our team will contact you to discuss how we can help.
) [197] => stdClass Object ( [post_id] => 92963 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => Refinancing your home is a journey, but you don’t have to walk it alone. Our expert mortgage brokers will be there, side-by-side with you, to make sure you’re making the best choices for your future. When comparing lenders, it’s important to look beyond the interest rate. We’ll help you consider the full picture – the overall cost, the flexibility of the loan terms, and how each option aligns with your goals. At Home Loan Experts, we believe in oneness – working as one team with you to find the solution that’s truly right for your life. Call us on 1300 889 743 or complete our free online assessment form. ) [198] => stdClass Object ( [post_id] => 55925 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => Our extensive first home buying guide will help you on your journey to home ownership with information on tips to save for a deposit and applying for a home loan. Our mortgage brokers have helped many first home buyers realise their dreams of home ownership. Call us on 1300 889 743 or fill in our free assessment form. ) [199] => stdClass Object ( [post_id] => 30471 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => Please note that even if you find a great interest rate on an SMSF investment loan, most lenders will restrict your loan to 70% of the property value. Our mortgage brokers specialise in SMSF loans and know lenders that can let you borrow up to 80% of the purchase price. You can call us on 1300 889 743 or complete our free online assessment form to check if you qualify.) [200] => stdClass Object ( [post_id] => 58375 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
We’ve helped many first home buyers with their FHOG application and with buying their first home.
From first home buyer loans to an extensive first home buyer’s guide, we’ve got it covered.
Our mortgage brokers are experts at helping you with your first home loan. Call us on 1300 889 743 or complete our free assessment form.
) [201] => stdClass Object ( [post_id] => 35649 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Call 1300 889 743 or complete our free assessment form to discover if you qualify for a recreation centre loan.
) [202] => stdClass Object ( [post_id] => 3403 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => One of the most common reasons that people release their home equity is to roll all of their expensive unsecured debts into one low monthly repayment. The interest rate on credit cards ranges from 10%-30%, and for personal loans the rate can be anywhere from 9%-15%. By consolidating these debts into your home loan you can significantly reduce the ongoing repayments and save a small fortune in interest. If you wish to consolidate your debts with a major lender you must have made all of your repayments on time in the last month for your unsecured debts and on time for the last six months for your current home loan.Please enquire online or call us on 1300 889 743 to speak to one of our mortgage brokers who can assist you in getting approval.
) [203] => stdClass Object ( [post_id] => 31979 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
You can include income from a second job as a teacher when applying for a home loan. It’s common for teachers, particularly those employed on a casual basis, to work a second job to supplement their income.
Perhaps you work as a tutor on the side, focusing on particular specialities like maths or English. This may be on a contract or freelance basis with other public schools, through a private education provider or as a self-employed tutor.
Generally speaking:
Our Home Loan Experts can let you know if lenders will accept your second-job income for your teacher home loan application. Call 1300 889 743 or complete our free online enquiry form today.
) [204] => stdClass Object ( [post_id] => 70598 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Labour’s Help To Buy Scheme and Liberal’s First Home Guarantee offer different benefits and price caps for home buyers. Whichever scheme goes into effect, our mortgage brokers can help you get approved for a home loan. Call us on 1300 889 743 or complete our free assessment form.
) [205] => stdClass Object ( [post_id] => 57164 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => Our award-winning mortgage brokers can assess your situation and work out if you have a large enough deposit to buy a home. They can also clarify any questions you may have about the cost of stamp duty, transfer fees or first home owners grants. Speak to one of our specialist mortgage brokers by calling us on 1300 889 743 or fill in our online assessment form to find out if you’re ready to buy. ) [206] => stdClass Object ( [post_id] => 57056 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Our mortgage brokers can assess your situation and work out if you have a large enough deposit to buy a home.
They can also clarify any questions you may have about the cost of stamp duty in Victoria, transfer fees or First Home Owners Grants.
Speak to one of our specialist mortgage brokers by calling us on 1300 889 743 or fill in our free online assessment form to find out if you’re ready to buy.
) [207] => stdClass Object ( [post_id] => 57241 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Our mortgage brokers can assess your situation and work out if you have a large enough deposit to buy a home.
They can also clarify any questions you may have about the cost of stamp duty in Tasmania, transfer fees or first home owners grants.
Speak to one of our specialist mortgage brokers by calling us on 1300 889 743 or fill in our online assessment form to find out if you're ready to buy.
) [208] => stdClass Object ( [post_id] => 69750 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Talk to a Home Loan Experts mortgage broker to find out the true costs of buying a home. Call us on 1300 889 743 or complete our free assessment form.
) [209] => stdClass Object ( [post_id] => 20787 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Home Loan Experts’ mortgage brokers can assess your situation and work out whether you have a large enough deposit to buy a home. They can also answer any questions you may have about stamp duty, transfer fees or first home buyer grants.
To speak to our mortgage brokers, call 1300 889 743 or fill in our free assessment form to find out whether you're ready to buy.
) [210] => stdClass Object ( [post_id] => 2435 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>At Home Loan Experts, we understand the unique challenges that come with seeking a home loan when you have bad credit. Here are more reasons why you should consider us as your trusted partner in securing a bad credit home loan:
Our expertise extends to assisting clients with bad credit. Learn how our team skillfully assisted a client with bad credit in refinancing their home loan. Call us on 1300 889 743 or complete our free online assessment form and find out how we can help you get approved for a bad-credit mortgage.
) [211] => stdClass Object ( [post_id] => 85584 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Our expert mortgage brokers are here to provide you with personalised advice and support for your needs. Whether you're ready to apply for an $800K mortgage or simply have questions about your home loan options, we're here to help every step of the way.
Contact us now to:
And, we'll be here to provide ongoing support after your loan has settled, offering regular home loan health checks and ensuring you make the most of your mortgage features.
Don't wait! Get in touch with us today for a free consultation. Call us at 1300 889 743 or fill out our free online enquiry form to get started.
) [212] => stdClass Object ( [post_id] => 31725 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
No! We can know lenders that can help you purchase vacant land for commercial development, agricultural land or an existing commercial property.
This is totally different to the purchase of residential property by non-residents, which is restricted to the purchase of new dwellings.
From office buildings and factories to retail shops and hotels, check out the commercial property loan page to discover the great home loan deals available from our panel of lenders.
Alternatively, call us on 1300 889 743 (+61 2 9194 1700 if you're calling from outside of Australia) or complete our free assessment form to speak with a non-resident commercial loan specialist today.
) [213] => stdClass Object ( [post_id] => 31195 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => Basically, the interest rate is the percentage of your loan that you'll pay along with the original loan amount. This is the percentage figure that most people take into account when comparing home loans. On the other hand, the comparison rate is calculated by adding the interest rate that you'll pay and any additional fees and charges that may apply to the loan. The main idea of this rate is to display any hidden fees, charges or costs so that the customers can make an informed decision. Although the comparison rate can help you get a better idea of the actual cost of the loan, it's usually inaccurate as most lenders don't include special factors such as LMI, stamp duty, conveyancing fees and break costs. It's recommended that you speak with a professional credit provider before you decide to get a home loan instead of just relying on the comparison rates. You can also speak with one of our expert brokers who can rework the comparison rate according to your situation. Call them on 1300 889 743 or complete our free online assessment form to get a better idea of comparison rates today.) [214] => stdClass Object ( [post_id] => 29056 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Many of our customers are Australian citizens or dual citizens living in the US who want to invest in the Australian property market.
We will choose the right lender the first time around so you can avoid the headache of getting knocked back and having an unnecessary credit enquiry listed on your credit file.
This can potentially prevent you from building an investment portfolio with Australian real estate in the future.
Most of our services are free and we have almost 40 lenders to choose from including major Australian banks and lenders.
Once we know we can get you approved with a few lenders, we’re in a position to negotiate significant mortgage discounts on your behalf.
Please call 1300 889 743 (+61 2 9194 1700 from outside of Australia) or complete our free assessment form to speak with one of our experienced mortgage brokers.
[wbcr_snippet id="72411"] ) [215] => stdClass Object ( [post_id] => 22615 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Do you need help to apply for a no doc loan on your commercial property?
Call us on 1300 889 743 or fill in our free assessment form and we’ll get back to you with a quote for a no doc loan.
) [216] => stdClass Object ( [post_id] => 56630 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => As mortgage brokers, we can:Here at Home Loan Experts, our mortgage brokers have extensive knowledge of the guidelines used by Australian lenders.
Please fill in our free assessment form or call us on 1300 889 743 to discuss your situation with a mortgage broker who can quickly find you a lender that will accept your loan while you're on maternity leave or while you're pregnant.
[wbcr_snippet id="74650"] ) [218] => stdClass Object ( [post_id] => 70925 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>If your deposit is not quite enough, here is what you can do:
To be ready to buy a home, it’s best to get pre-approved to see what you can afford. Talk to Home Loan Experts’ mortgage brokers today to get started on your home loan application! Call us on 1300 889 743 or enquire online today.
) [219] => stdClass Object ( [post_id] => 45223 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>The refinance checklist will help you ensure you have all the required documents you need to start your refinance application.
We can help you run the numbers and see if refinancing makes sense for you. and Call us on 1300 889 743 or fill in our free online assessment form to speak with one of our home loan refinance specialists today!
[wbcr_snippet id="74837"] ) [220] => stdClass Object ( [post_id] => 18089 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] => Our specialist mortgage brokers know which banks have current special offers and will know which lender has the lowest cost loan for your situation. We don't just look at the available rebates, we consider the interest rate and LMI premium to make sure that you get the best deal possible. Call us on 1300 889 743 or enquire online to find out how we can help you to save money on your home loan.[wbcr_snippet id="71980"] ) [221] => stdClass Object ( [post_id] => 70471 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
Besides the Regional Home Guarantee, there are two other schemes under the Home Guarantee Scheme:
The New Home Guarantee is an extension of the First Home Guarantee for first-home buyers buying a new home. This scheme will end on 30 June 2022.
We also have options available if you don’t qualify for a scheme:
Discuss your situation with us and we’ll find you a home loan. Call us on 1300 889 743 or enquire online today!
) [222] => stdClass Object ( [post_id] => 69017 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>
We can help you to get a competitive home loan so that you will be able to use it to own an investment property sooner. Our mortgage brokers can also help you if you need advice regarding property management.
Call us on 1300 889 743 or complete the no-obligation form and we’ll connect you to our expert mortgage brokers, who will make sure you get the best deal possible.
) [223] => stdClass Object ( [post_id] => 68464 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Generally, lenders will consider 80% of your gross rental returns along with other income, such as your salary, to calculate your borrowing power. However, every lender has its own way of assessing the rent you receive from your investment properties.
At Home Loan Experts, we can help you structure your investment loan to achieve your goals. Our brokers can calculate your rental yield for you and help you with your income strategy. Call us on 1300 889 743 or enquire online today.
) [224] => stdClass Object ( [post_id] => 45371 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Where this is really going to change is with positive credit reporting which allows for data sharing between the banks.
Are you self employed?
Often, lenders will see your business expenses and class them as personal expenses.
With the right evidence, you can argue the point with them so that your living expenses are being calculated accurately - a mortgage broker can help you do this.
What if I accidentally declared more than I actually spend?
Unfortunately, the lender may decline your home loan under the assumption that you can't afford it.
They won't tell you exactly which part of your living expenses put you over line.
Trying to argue the point with them is very hit and miss.
We've had some success with minor changes, cancelling expenses and providing a written letter explaining to the lender that these expenses are no longer regular and ongoing.
The alternative is to apply with another lender who takes a less stringent approach to calculating living expenses.
We know who these lenders are!
Ultimately, you are the only one who knows your living expenses.
If you're in a position to cancel some unnecessary expenses or you simply made a mistake in your application, get in touch with us.
Call 1300 889 743 or fill in our online enquiry form today.
) [225] => stdClass Object ( [post_id] => 50349 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Our mortgage brokers are experts in the credit policies of almost 40 lenders on our panel. As such we can usually find you a better deal.
Give us a call on 1300 889 743 or fill in our short assessment form to find out if you qualify for a refinance.
) [226] => stdClass Object ( [post_id] => 49157 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Our specialist mortgage brokers are experts in the policies of 50 plus lenders that are on our panel.
For expert advice on your home loans, please call us on 1300 889 743 or fill in our free online assessment form.
) [227] => stdClass Object ( [post_id] => 84682 [meta_key] => add_site_layouts_10_post_editor_option [meta_value] =>Interest rate changes can impact your mortgage repayments. Our team of mortgage experts can analyse your current mortgage, explain the potential impact of Cash Rate changes, and explore options that offer more stability. We also have a handy repayment calculator to estimate your new repayments whenever your lender changes your loan’s interest rate.
Please call us on 1300 889 743 or complete our free online assessment form today!
) [228] => stdClass Object ( [post_id] => 1633 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>First home buyers that want to buy a 2 or 3 bedroom home but don’t have the income to afford it may lease out a room to a friend. Technically, this is known as “leasing to a sub tenant”.
Again, this can cause trouble when applying for a loan as many lenders don’t take any rent from flatmates into account when assessing if you can afford a loan.
In this situation, getting a home loan usually depends on:
These situations can be tricky, so please call us on 1300 889 743 or complete our free assessment form to talk to our mortgage brokers about your rent income.
) [229] => stdClass Object ( [post_id] => 59304 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Speeding up your loan process when you need to meet a cut-off date can be extremely exhausting. The technicalities involved may be overbearing for people unfamiliar with the mortgage industry.
Our expert mortgage brokers can help you get through your settlement before Christmas. And if you have trouble deciding on your application process, they can help you with it too!
Just call us on 1300 889 743 or fill in our free online assessment form to discuss viable solutions.
) [230] => stdClass Object ( [post_id] => 34282 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Need help with your home loan?
Whether you need a mortgage or you’re looking to refinance, mortgage brokers are usually free! You can read more about the services that a broker provides on the ‘What Is A Mortgage Broker?‘ page. Are you looking you the best mortgage brokers? Here’s how you find one! Call us on 1300 889 743 or complete this free assessment form. ) [231] => stdClass Object ( [post_id] => 33785 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => Whether you need a construction loan or you're looking to release some equity for renovation work, our mortgage brokers understand construction better than most banks! We can be the professional middle man between your builder and your bank to ensure communication is never lost, the loan and drawdown process is smooth and easy, and you're kept up-to-date at all the stages of construction. In that way, you can focus on turning the home of your dreams into a reality. Call us on 1300 889 743 or complete our free assessment form to speak with one of our specialist mortgage brokers.[sg_popup id=81314] [wbcr_snippet id="72592"] ) [232] => stdClass Object ( [post_id] => 12244 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
The First Step To Your New Beginning
Home Loan Experts has a commitment to getting the right home loan for your needs and this has helped us earn multiple industry and consumer awards. Our mortgage brokers have helped hundreds of customers navigate the application process and get approved for a home loan without any hassle. Our expertise in specialist lending leads to tough home loans getting approved. Give us a call on 1300 889 743 or enquire online for free to start your new beginning with your dream home. ) [233] => stdClass Object ( [post_id] => 37484 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => TSS visa mortgages are available if you choose the right lender. By presenting a strong case, you can even qualify for significantly reduced interest rates and other home discounts. We have helped thousands of temporary Australian residents on the following visa types:) [234] => stdClass Object ( [post_id] => 3644 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Customer feedback
We're committed to complying with all regulatory legislation and we endeavour to find our customers the best loan product available. We appreciate any comments, compliments or complaints you may have that can help us improve our processes. Please contact us on 1300 889 743 and direct your feedback as follows:) [235] => stdClass Object ( [post_id] => 77949 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Consult Our Experts
Before building a home, take the time to research and compare prices for materials, labour and permits. You should also consider the different ways to save on building costs and make a budget based on the estimated costs. Talk to our mortgage brokers if you want expert guidance as you apply for a construction home loan. Call us on 1300 889 743 or enquire online today!
) [236] => stdClass Object ( [post_id] => 60864 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Are you a health care worker?
Home loans for health care workers have various offers and concessions available which differ from lender to lender.
As health care workers, going through mortgage brokers for your home loans is always an efficient route. We can find you the lender that best suits your profile and needs.
Our specialist mortgage brokers have their expertise in professional loans. They can make your home loan process much smoother and efficient.
You can also call us on 1300 889 743 or fill in our free assessment form to discuss your situation with one of our specialist mortgage brokers.
) [237] => stdClass Object ( [post_id] => 43049 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => Whether you need a construction loan or you're looking to release some equity for renovation work, our mortgage brokers understand construction better than most banks! We can be the professional middle man between your builder and your bank to ensure communication is never lost, the loan and drawdown process is smooth and easy, and you're kept up-to-date at all the stages of construction. In that way, you can focus on turning the home of your dreams into a reality. Call us on 1300 889 743 or complete our free assessment form to speak with one of our specialist mortgage brokers. ) [238] => stdClass Object ( [post_id] => 55783 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => As mortgage brokers, we can:Over the next three years, investors can set their eyes on a strong unit market for some capital cities. While homebuyers could rejoice at the fall in house prices, tighter credit conditions could still make getting approved for a home loan difficult. At Home Loan Experts, our mortgage brokers can help you throughout your home-buying or property investment journey. Call us on 1300 889 743 or enquire for free online. ) [240] => stdClass Object ( [post_id] => 84739 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Please complete our free assessment form or call us on 1300 889 743 and we can tell you how you can use your rental payments as proof of your ability to pay off a home loan.
Still have questions? Feel free to comment below and we'll get back to you as soon as possible.
[sg_popup id=81314] ) [241] => stdClass Object ( [post_id] => 84750 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => Before building a home, take the time to research and compare prices for materials, labour and permits. You should also consider the different ways to save on building costs and make a budget based on the estimated costs. Talk to our mortgage brokers if you want expert guidance as you apply for a construction home loan. Call us on 1300 889 743 or enquire online today! [sg_popup id=81314] ) [242] => stdClass Object ( [post_id] => 84780 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>We are mortgage brokers who specialise in NZ citizen home loans and are passionate about guiding you through the Australian mortgage process with ease.
We know which banks can accept your application and which offer the best interest rates for non-residents.
If you would like to buy a property in Australia, please call us on +61 2 9194 1700, if you’re overseas, or at 1300 889 743 if you’re in Australia.
You can also complete our free assessment form wherever you are in the world, and one of our specialist brokers will get back to you.
) [243] => stdClass Object ( [post_id] => 84786 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Home loans for health care workers have various offers and concessions available which differ from lender to lender.
As health care workers, going through mortgage brokers for your home loans is always an efficient route. We can find you the lender that best suits your profile and needs.
Our specialist mortgage brokers have their expertise in professional loans. They can make your home loan process much smoother and efficient.
You can also call us on 1300 889 743 or fill in our free assessment form to discuss your situation with one of our specialist mortgage brokers.
) [244] => stdClass Object ( [post_id] => 918 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>As a New Zealand citizen, you generally have similar rights and requirements as Australian citizens when it comes to purchasing a property.
The typical documents you will need to provide include proof of identity such as a passport, birth certificate, or driver's licence. Additionally, you'll need to submit visa documentation, including your Special Category Visa (SCV) or other valid Australian visa. Financial documents such as proof of income, evidence of deposit or savings, and details of your current bank, loan, and credit-card accounts are also required. Property-related documents such as the contract of sale and conveyancing paperwork are necessary for the application process.
Our Home Loan Application Process page has an in-depth explanation of what documents are needed and what each step entails.
Lenders may require additional documents depending on your specific circumstances or the type of property you intend to buy. Our experts are here to ensure you have all the necessary paperwork prepared for your home loan application. Call us at 1300 889 743 or fill out our free online assessment form, and we’ll get back to you as soon as possible.
) [245] => stdClass Object ( [post_id] => 940 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Yes, it’s possible to get approval for a low doc trust loan.
A low doc loan will allow you to declare your income rather than providing tax returns as proof of your income.
There are only a few select lenders that can consider low doc loans for trusts so it’s critical that you talk to us on 1300 889 743 or complete our free assessment form before you apply for a low doc loan using a trust.
) [246] => stdClass Object ( [post_id] => 31234 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Taking over your parents’ mortgage, whether through buying the property below market value or helping out with the mortgage repayments, is a big decision.
Going about it the wrong way can prove costly in the long run, with future legal disputes possibly affecting your ability to borrow in the future and putting you under financial strain if you already have a home loan.
Speak to your mortgage broker or your lender first. They may be able to provide a solution.
After that, speak to a financial adviser and a solicitor about other possible solutions.
Call us on 1300 889 743 or complete our free online assessment form and we can put you in touch with a bank representative or a solicitor who can help you.
) [247] => stdClass Object ( [post_id] => 1555 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>If you'd like to know the cheapest LMI premium available for your loan, fill in our free assessment form or contact us on 1300 889 743.
One of our mortgage brokers will assess which lenders and LMI products you qualify for and help you work out the cheapest possible LMI premium.
) [248] => stdClass Object ( [post_id] => 4468 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>We're specialist mortgage brokers that can help you get your mortgage approved.
If your lender is asking you to sign a stat dec that you believe is unreasonable, talk to us and we can help you find a bank that doesn't have this requirement.
If you'd like to make an appointment or speak to a mortgage broker, please call 1300 889 743 or complete our free assessment form today.
Still have questions? Feel free to comment below and we'll get back to you as soon as possible.
[sg_popup id=65221] ) [249] => stdClass Object ( [post_id] => 86834 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Make The Most Of This New Financial Year
The 2024-25 financial year brings numerous opportunities for homebuyers and homeowners. With the right guidance, you can maximise these benefits and make informed decisions.
At Home Loan Experts, our knowledgeable brokers are ready to assist you every step of the way. We’re here to help. Call us on 1300 889 743 or enquire online free, today!
) [250] => stdClass Object ( [post_id] => 31076 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>The Australian Prudential Regulation Authority (APRA) asked the banks to reduce the number of interest-only home loans they were approving in a move to reduce system-wise risk.
This was in response to the likelihood of a slowdown in housing price growth and the affect it would have on highly-leveraged homeowners.
The industry regulatory believed too many homeowners were choosing interest only home loans without being fully aware of the increased cost of these loans.
Interest-only owner-occupier loans make up around 40% of all interest-only loan approvals.
As a result, APRA forced banks to limit interest only approval to just 30% of all residential lending.
Despite this, it's still possible to qualify for an interest only loan so speak with one of our experienced mortgage brokers about your situation.
Call us 1300 889 743 or complete our free online assessment form today.
) [251] => stdClass Object ( [post_id] => 2565 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Yes! The banks and mortgage insurers are very wary if there are black marks or even too many credit enquiries on your credit file.
Please enquire online or call us on 1300 889 743 to discuss your situation in detail.
We may be able to find a lender that can still consider your situation.
Sometimes, we may even suggest you speak with a reputable credit repair service to improve your credit file.
) [252] => stdClass Object ( [post_id] => 189 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Some lenders rely on a credit score when assessing applications, while others have an experienced credit manager assess each loan on its merits.
When a loan is submitted to a lender that uses a credit score, the details are typed into a computer system which can then automatically assess the risk of several parts of information and give the application a score which indicates a statistical chance that the loan will go into default.
The sheer size and experience of some lenders allows them to have enough data to make this statistical chance of default accurate enough to use to assess loans. As such, they simply decline any loans that do not meet the credit score requirement!
Lenders do not publish what makes up their low doc credit score equations, however we expect that they assess your occupation, time at your current address, time in your business as well as details taken from your credit file with Veda Advantage.
As low doc loans have a past history of higher arrears, lenders are much stricter on credit scoring for all new low doc submissions.
If your credit score is the reason why your lender has declined your loan then call us on 1300 889 743 or enquire online and we can help submit your loan to a lender that does not use a credit scoring method of assessing loans.
) [253] => stdClass Object ( [post_id] => 48961 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Speak with one of our award-winning specialist mortgage brokers today to get the best deal on your mortgage from one of 40 lenders on our panel.
You can do that by giving us a call on 1300 889 743 or by filling in our online assessment form
) [254] => stdClass Object ( [post_id] => 13404 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Our mortgage brokers have a strong relationship with many of the banks and lenders. We can order a free valuation up front with one of our lenders that is suitable for your situation.
Call us on 1300 889 743 or fill in our free assessment form and we can determine the right bank for you.
) [255] => stdClass Object ( [post_id] => 79703 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Ready to tap into the potential of high-rental-yield suburbs? We share your passion for making smart investments and are here to make it happen for you. Let us assist you in securing the perfect home loan for your investment journey. Start now! Call us today at 1300 889 743 or complete our free online assessment form.
) [256] => stdClass Object ( [post_id] => 32510 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Speak to one of our mortgage brokers by calling 1300 889 743 or simply fill in our free assessment form and we can let you know if you qualify!
We can also help you get a Multi-Option Facility (MOF) if you already have multiple credit facilities and need help managing them.
) [257] => stdClass Object ( [post_id] => 10828 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Do you have a desire to own a dugout, a strawbale home, a mudbrick home, a log cabin or a rammed earth construction? Please contact us and we can arrange a home loan for you.
We know which lenders will consider financing an unusual home. We are the experts in getting you the mortgage for your unconventional home.
Please call us on 1300 889 743 or enquire online and let us help you get approval!
) [258] => stdClass Object ( [post_id] => 27380 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>You usually need to pay Lenders Mortgage Insurance (LMI) if you borrow more than 80% of the property value.
It protects the lenders in case you default on the loan. The more you borrow, the more riskier the loan becomes for the lender, and the more you have to pay in LMI.
However, the good news is that many lenders will allow you to capitalise LMI. This means that you can add the LMI premium to the top of your loan, and a single penny doesn’t have to come out of your pocket.
For example, if you’re taking out a loan of $370,000 on a $400,000 property, you may have to pay at least $10,000 in LMI. If you add this amount to the top of your loan, then it will bring your loan to $380,000.
Capitalising your LMI allows you to borrow with a smaller deposit, because you don’t have to pay for the LMI from the gifted deposit.
Our mortgage brokers have in-depth knowledge about Lenders Mortgage Insurers and the guidelines that they use to assess loan applications.
Please call us on 1300 889 743 or complete our free assessment form to discuss your situation with a mortgage broker.
) [259] => stdClass Object ( [post_id] => 5319 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Vendor finance comes with heavy risks. If you’re not able to save for a home deposit, there are other low deposit and low deposit home loan options available.
Our mortgage brokers are here to discuss these solutions with you. Call us on 1300 889 743 or fill in our free no-obligation assessment form.
) [260] => stdClass Object ( [post_id] => 503 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Our mortgage brokers specialise in helping people to finance properties that many lenders don’t accept. We can help you to find a lender that will accept your property as security and get you approved for the loan amount that you require.
Please call us on 1300 889 743 or fill in our free assessment form and one of our mortgage brokers will let you know your finance options.
[sg_popup id=65221] [wbcr_snippet id="73513"] ) [261] => stdClass Object ( [post_id] => 31382 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>As a mortgage broker that specialises in commercial loans, we can help you secure the finance you need to buy an accountancy, establish a new practice and even help you cover working capital requirements.
You know tax, but we're accounting practice commercial loan experts!
Call us today on 1300 889 743 or complete our free assessment form and tell us about your situation.
[wbcr_snippet id="75732"] ) [262] => stdClass Object ( [post_id] => 71811 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => Contact us at 1300 889 743 or fill in our online assessment form and our specialist mortgage brokers will help you refinance your home loan! ) [263] => stdClass Object ( [post_id] => 57662 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>The 2020 budget is aimed at rebuilding the Australian economy after the effects of COVID-19, it will help first home buyers to achieve their dreams of homeownership with the First Home Loan Deposit Scheme. With the budget allocated for transport and infrastructure development in each state and the territories, it might help to increase property prices and values in the near future. The tax cut, which means more money in people’s pockets may also assist people looking to get a home loan as they will have slightly better affordability. Are you looking to buy a home or invest in property? Our mortgage brokers are here to help. Please call us on 1300 889 743 or fill in our free assessment form.
) [264] => stdClass Object ( [post_id] => 64962 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => If you are still confused about cash-out refinance vs home equity loans, Home Loan Experts can help! Home Loan Experts’ mortgage brokers conduct a pre-assessment to help you find the best home loan option. Only then will they go through with the application process, so your home loan is approved. Call us on 1300 889 743 or enquire online today! [wbcr_snippet id="72299"] ) [265] => stdClass Object ( [post_id] => 64087 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>In brief, to inspect the property for best purchasing decisions:
If you want to talk to a real estate agent for help with property inspection, call us on 1300 889 743 or fill in the free online enquiry form on our website. Our upcoming Home Buyers Institute's course will help you understand more about home buying. Look out for the launch on our website!
[sg_popup id=65221] ) [266] => stdClass Object ( [post_id] => 3847 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>We're the experts in home loans for buying a property below market value!
Did you know some of our lenders offer purchase cash backs for property buyers?
Please enquire online or call 1300 889 743 and one of our mortgage brokers can provide you with several competitive options to choose from.
) [267] => stdClass Object ( [post_id] => 14659 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>At the moment, there is a limited scope of information that banks can access to get a picture of you as a borrower.
Since the rollout of positive credit reporting or comprehensive credit reporting (CCR) in 2014, a whole lot more of your credit history is available.
This has both a negative and positive impact on your Equifax Score /VedaScore depending on your situation.
Apart from the information that's already available to credit providers, your Equifax Score (VedaScore) now takes into account the following:
Apply for a mortgage
Do you have a low Equifax Score /VedaScore? Our mortgage brokers are experts in credit scoring and know which lenders will assess your application favourably.
Please call us on 1300 889 743 or fill in our free assessment form and one of our mortgage brokers will let you know if you can qualify for a home loan.
[sg_popup id=65221] [wbcr_snippet id="75314"] ) [268] => stdClass Object ( [post_id] => 7091 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Think you’re ready to consolidate?
There is no substitute for expert advice!
Call us on 1300 889 743 or enquire online. We are the experts in bad credit loans and can help you regain financial control through debt consolidation. Speak to us today!
) [269] => stdClass Object ( [post_id] => 198 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Just give us a call on 1300 889 743 or enquire online and we’ll take care of the shopping around and paperwork for you. Best of all for most standard types of home loans our services are completely free!
) [270] => stdClass Object ( [post_id] => 27216 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>If your subcontractor home loan application is submitted to the right bank, there’s a high probability of getting approval.
All loan types and features are available!
All home loan types are available, including basic home loans, professional packages, fixed rate home loans and more. You’ll also have access to all standard full doc home loan features such as interest-only, line of credit, 100% offset, redraw and extra repayments.
Interest rates are very similar to a standard home loan as well!
We’re credit specialists who can help you take out a subcontractor home loan to buy a home or get a better interest rate by refinancing.
Call us today on 1300 889 743 or complete our free assessment form to discover what fantastic subcontractor home loan packages may be available to you.
) [271] => stdClass Object ( [post_id] => 35885 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Call us on 1300 889 743 or complete our free assessment form to speak with one of our experienced business mortgage brokers.
[wbcr_snippet id="75868"] ) [272] => stdClass Object ( [post_id] => 23608 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Our mortgage brokers are specialists in SMSF loans and know which banks can approve your loan and give you a low interest rate.
Call us on 1300 889 743 or fill in our free assessment form to find out if you can buy a commercial property in your SMSF.
) [273] => stdClass Object ( [post_id] => 28441 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Buying a home with others may be a cheaper option but there is a lot more planning involved than buying a property by yourself and/or in a joint tenancy arrangement.
It's essential you get independent legal advice in order to avoid many common traps that come with a co-ownership arrangement.
Call us on 1300 889 743 or complete our free assessment form so one of our mortgage brokers can properly assess your needs and tell you whether a co-ownership investment loan is right for you and what you’re looking to achieve.
) [274] => stdClass Object ( [post_id] => 7916 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Yes, as most banks offer interest in advance loan products, for a term of 12 months.
Pre-paying your interest in advance has many taxation advantages, making it an attractive option for investors or those that are refinancing.
You may also qualify to borrow the interest!
If you wish to apply for an interest in advance loan, please speak to us on 1300 889 743 or enquire online today.
) [275] => stdClass Object ( [post_id] => 54364 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
If stamp duty is abolished, this could mean that you won’t have to save a larger deposit to qualify for a home loan. You won’t have to rely on the banks to cover the cost of stamp duty for you.
Low deposit home loans are also available, and the First Home Loan Deposit Scheme is available for first home buyers.
Talk to our mortgage brokers today to see if you qualify for a home loan. Call us at 1300 889 743 or fill in our free assessment form.
) [276] => stdClass Object ( [post_id] => 68537 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => Our team of specialist mortgage brokers can help you buy a property. Contact us at 1300 889 743 or fill in our online assessment form and we will contact you. [wbcr_snippet id="73290"] ) [277] => stdClass Object ( [post_id] => 35503 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => Discover if you're eligible for a home loan with reward points so you can start saving on flights. Call us on 1300 889 743 or complete our free assessment form to speak with one of our mortgage brokers.) [278] => stdClass Object ( [post_id] => 30436 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Unlike many banks, we understand how freelancers work. Our mortgage brokers specialise in getting tough home loans approved and a freelancer mortgage is one of them.
With the knowledge of the lending policies of various banks as well as non-bank lenders, you can find out which lender is right for you and your loan needs.
Please contact us on 1300 889 743 or fill in our free online assessment form to speak with one of our mortgage brokers today.
[wbcr_snippet id="74565"] ) [279] => stdClass Object ( [post_id] => 538 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
The interest rate for your loan is set by the lender, not by us. Due to the large number of lenders and loan products that we offer it is not possible for us to list every interest rate on our website.
Please call us on 1300 889 743 and we can provide you with an interest rate quote for your situation.
) [280] => stdClass Object ( [post_id] => 2075 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Our mortgage brokers are specialists in helping people who have difficulty proving their income.
Unlike other mortgage brokers, we can quickly work out which lender is the most suitable for your situation.
Please give us a call on 1300 889 743 or complete our free assessment form to speak with of our mortgage experts.
[wbcr_snippet id="75942"] ) [281] => stdClass Object ( [post_id] => 50366 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>If you’re still not sure about whether to go with a traditional bank or a non-bank for your home loan, the best option is to choose a mortgage broker.
A mortgage broker will assess your situation and consider your needs and give recommendations on the best lenders based on your situation.
Our specialist brokers will come up with tailor-made solutions to your unique circumstances.
To get in contact with them, call us at 1300 889 743 or complete our free assessment form online.
[sg_popup id=65221] ) [282] => stdClass Object ( [post_id] => 45445 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>We can assess your situation and let you know where you stand.
In some cases, we can help you to make a plan to monitor your spending over a 3-month period and cut back in discretionary expenses where appropriate.
Call us on 1300 889 743 or fill in our free assessment form.
We can fully assess your financial situation and let you know if you're ready to get a home loan.
) [283] => stdClass Object ( [post_id] => 35507 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Speak with one of our commercial loan experts on 1300 889 743 or complete our online enquiry form and will get back to you to discuss your situation.
[wbcr_snippet id="75936"] ) [284] => stdClass Object ( [post_id] => 32165 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Make your business dreams a reality faster and cheaper!
Call us on 1300 889 743 or complete our free assessment form and discover if you qualify for a business loan with a guarantor.
) [285] => stdClass Object ( [post_id] => 321 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>If you'd like to know which lenders offer the cheapest no deposit building loans, please complete our free assessment form or call us on 1300 889 743 and our specialist brokers will get back to you with the most suitable rates and fees.
[wbcr_snippet id="71933"] ) [286] => stdClass Object ( [post_id] => 68514 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Once you know how you can improve your chances of a home loan approval, you might be wondering when’s the right time to reapply?
The best time to apply depends on the issues the lender mentioned that caused the rejection. For example, if the reason was a high DTI, it would take time for you to pay off your debts to lower the DTI ratio. Once your DTI ratio is lowered, you can apply again.
However, it could just be a case of finding the right lender.
You can increase your chances of approval by taking the help of a mortgage broker. At Home Loan Experts, we have a wide range of lenders on our panel. Our mortgage brokers know that what is a roadblock for one lender may be accepted by another. We understand your financial situation and will recommend lenders that are suited to your needs. Call us on 1300 889 743 or enquire online today to take a step towards getting approved for a home loan.
[wbcr_snippet id="72904"] ) [287] => stdClass Object ( [post_id] => 69070 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => If you’re having trouble deciding whether a capital-growth or rental-yield strategy is best for you, Home Loan Experts can help. Call us at 1300 889 743 or enquire online to find out which lenders can help with your investment loan. ) [288] => stdClass Object ( [post_id] => 74777 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>If you keep waiting for the right time to buy, you could:
Are you still not sure whether to buy the property now or wait until rates start to cool? Home Loan Experts’ mortgage brokers will help you make the right decisions. Call us on 1300 889 743 or enquire online today.
) [289] => stdClass Object ( [post_id] => 59607 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Our mortgage brokers are updated with lender rates and policies.
They can get your application approved the first time around.
If you’re planning to return to Australia or have returned recently, we can help!
Call us on 1300 889 743 (+61 2 9194 1700 from outside of Australia) or enquire online to discover the best options for you.
) [290] => stdClass Object ( [post_id] => 34993 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>We’re experts in residential and commercial developments!
Call us on 1300 889 743 or complete our free assessment form and we can let you know how much you can borrow to get your project off the ground and start earning some return on your investment.
[wbcr_snippet id="75451"] ) [291] => stdClass Object ( [post_id] => 1362 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Which lenders are the most competitive?
We usually work out which lenders can approve your home loan then work out what the best loans on offer from those lenders are.
There is no point shopping around for the best interest rate only to get your loan declined by the lender you choose!
If you make many applications, this will damage your credit score, which in turn will reduce your chances with other lenders. So don’t just apply with several lenders to see who approves your loan.
If you’d like to know which bank or lender is most suitable for your 95% loan then please call us on 1300 889 743 or fill in our free assessment form.
) [292] => stdClass Object ( [post_id] => 35497 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Find out if you qualify!
Call 1300 889 743 or fill in our online enquiry form to speak with a franchise loan expert.
) [293] => stdClass Object ( [post_id] => 35637 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Discover if you qualify for a smash repairs commercial loans by calling 1300 889 743 or by completing our free assessment form today.
[wbcr_snippet id="75931"] ) [294] => stdClass Object ( [post_id] => 3674 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Our mortgage brokers are experts in helping people to buy properties leased through the NRAS!
Please call us on 1300 889 743 enquire online and one of our award-winning mortgage brokers will help you to apply for a loan with a lender that can help with your situation.
[wbcr_snippet id="73649"] ) [295] => stdClass Object ( [post_id] => 1475 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Here at Home Loan Experts, our mortgage brokers have extensive knowledge of the guidelines used by Australian lenders.
Please complete our free assessment form or call us on 1300 889 743 to discuss your situation with a mortgage broker who will help you find a lender that can accept your short term employment.
[wbcr_snippet id="74425"] ) [296] => stdClass Object ( [post_id] => 35844 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
We can assess your situation for free and give you an indication of how much you can afford to borrow.
All you have to do is give us a call on 1300 889 743 or complete our free assessment form and tell us a little about your situation.
) [297] => stdClass Object ( [post_id] => 7051 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>People refinance their home loans for a variety of reasons. Refinancing is the process of repaying your old home loan with a new home loan, usually from a different lender.
An internal refinance is the term used if you are repaying your old loan with a new loan from the same lender.
A mortgage broker can help you with both an internal and external refinance.
Refinancing to save money is the main reason why people choose to refinance. If your lender is no longer competitive then you have little alternative but to move on.
The difference between lenders can be stark and it quite common for our customers to save thousands of dollarsjust by changing home loans.
Other customers of ours refinance to consolidate debt. This is the process of paying off multiple debts such as your home loan, credit card, personal loan and HECs / HELP debt all into one home loan.
The more expensive unsecured loans are paid out by your new loan which means that overall you will have a lower rate and longer loan term.
This reduces the size of the repayments and reduces the amount of interest you pay.
There are many other reasons to refinance. These may include refinancing because your current lender can’t approve a loan increase, refinancing to release equity or refinancing because your current lender doesn’t give you a good level of service.
Looking to refinance? Call us on 1300 889 743 or enquire online today and we'll make sure that you get the best rate around!
) [298] => stdClass Object ( [post_id] => 65579 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Home Loan Experts’ mortgage brokers are available to assist you with your home loan. We can help you navigate the current processes and lending guidelines to get you approved for a home loan during a lockdown. Call us on 1300 889 743 or complete our free assessment form.
) [299] => stdClass Object ( [post_id] => 310 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Contact us on 1300 889 743 or complete our free assessment form and our expert mortgage brokers will let you know if you’re eligible to borrow 100% or work out if you need to save a deposit and what interest rate discounts you may be eligible for.
We work with all the major bank and non-bank lenders and charge no fees for our services for most standard residential loans.
[wbcr_snippet id="71915"] ) [300] => stdClass Object ( [post_id] => 382 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
There are many advantages to agency work, including employment flexibility and the option of trying out various different employers, rather than committing to full-time work.
In addition to this, employment is abundant, and labour is in short supply. However, there are disadvantages!
If you’re switching from temp job to temp job constantly, your bank will have trouble with your home loan application.
Our mortgage brokers can help!
Call us on 1300 889 743 or complete our free assessment form to get expert advice from our specialist team!
) [301] => stdClass Object ( [post_id] => 32070 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
We have a number of lenders to choose from on our panel and know exactly how to build a strong application with the right lender.
Our mortgage brokers also have the credit skills and relationships with a number of major banks and lenders to negotiate sharp interest rates that aren't advertised to the general public.
Discover if you qualify for a commercial property guarantor loan!
Call us on 1300 889 743 or complete our free assessment form to speak with one our specialist mortgage brokers.
[wbcr_snippet id="75596"] ) [302] => stdClass Object ( [post_id] => 35362 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Our website is one of the best home loan websites in Australia, full of handy tips and guides that can help you to make the right choice in home loan.
We've also got plenty of tools and calculators, whether you need to calculate the benefits of buying a home versus continuing to rent, work out your borrowing power or even calculate your negative gearing benefits from your investment property.
Speak with an online mortgage broker by calling 1300 889 743 or by completing our online enquiry form today.
) [303] => stdClass Object ( [post_id] => 20502 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Would you like to buy a home or investment property?
Find out which bank will give the best discounts on home loans for dentists and dental practitioners!
Call us on 1300 889 743 or complete our free assessment form today.
[wbcr_snippet id="74152"] ) [304] => stdClass Object ( [post_id] => 67210 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Let’s face it. We can’t do everything by ourselves. For example, managing property takes a lot of time. A property manager could do it for you, relieving you of all of that stress for just a few hundred dollars a month. And when you’re ready to buy your property, you could miss out on an excellent deal on your mortgage if you don’t ask a mortgage broker.
Solution
Take help where necessary. Experts are there to ease your stress during this long investment journey. If you need help from an expert mortgage broker specialising in investment loans, please give Home Loan Experts a call on 1300 889 743 or fill in our free assessment form.
) [305] => stdClass Object ( [post_id] => 31451 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>As mortgage brokers, we can’t advise on the legal and tax implications of finalising a deceased estate.
However, if you were joint owners of a property with the deceased, we can assess your financial situation and let you know if we can refinance your home loan so you can keep your home.
We know lenders that will take a common sense approach to your situation!
Call us on 1300 889 743 or complete our free assessment form today to speak to one of our specialist mortgage brokers.
[wbcr_snippet id="72890"] ) [306] => stdClass Object ( [post_id] => 25755 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Apart from due diligence on the business itself, your business plan and forecasts should consider predicted:
What should be in the lease arrangement?
Leasehold restaurants are normally sold as ‘plus stock’ but you should get in touch with a qualified solicitor so they can help you negotiate this with the vendor.
Stock items include certain appliances, machinery and even some long life food products.
Is the equipment fit for purpose and under warranty?
Similarly, the establishment may require certain fixtures and fittings to be installed before you can start operating.
Are you or the vendor liable for installing these fittings?
These details should be clearly outlined in the lease agreement before signing. Again, you can negotiate this with the help of a business broker and solicitor.
Should I buy a freehold going concern restaurant instead?
Although leasehold business purchasers enjoy a much higher return on their investment, the worst case scenario, the business failing, usually means the loss of any money you outlaid for the business.
Deciding on which ownership to choose comes down to your circumstances and your lifestyle.
The great thing about a freehold arrangement is that the land itself retains value even if the business sinks.
Please get in touch with us on 1300 889 743 or fill in our free assessment form so we can properly assess your situation and discuss freehold and leasehold options with you.
) [307] => stdClass Object ( [post_id] => 64740 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Whether you’re still looking for a property or you’ve already found one to your liking, you should:
Please speak with one of Home Loan Experts’ specialist mortgage brokers by giving us a call on 1300 889 743 or filling in our online enquiry form to get pre-approved and help you on your journey towards home ownership.
) [308] => stdClass Object ( [post_id] => 3889 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>There are several reasons why your loan may be declined when you apply for formal approval.
How can we help?
Our mortgage brokers have worked in the credit department for major lenders.
Their high level of knowledge and experience means they know which bank will approve your loan.
We know which lenders offer reliable pre-approvals and how to get the other lenders to fully assess your application.
Don’t risk losing your deposit at auction!
Please complete our free online assessment form or call us on 1300 889 743 and one of our mortgage brokers can make sure you get the finance you need to purchase a property.
) [309] => stdClass Object ( [post_id] => 74720 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Having a very recent pre-approval is essential for good negotiating power when you search for your dream house. Don’t worry. Home Loan Experts can help you get pre-approval. Call us on 1300 889 743 or complete our free assessment form to get in touch with our mortgage brokers now!
) [310] => stdClass Object ( [post_id] => 13678 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Your credit history with Equifax, including your Equifax Score (previously VedaScore), is without a doubt the single most important factor that the lenders use to calculate your credit score.
You can use our credit score calculator to work out which aspects of your situation will be considered to be a high risk by the banks.
Does applying with different banks help?
Many people are not aware that applying for several loans or credit cards in a short period of time has a significant negative effect on their credit score.
People who apply for several home loans at the one time are almost always declined, and wonder why they failed a lender's credit score.
It's best to work out which banks you can qualify with and then make just one application. If that's declined then talk to one of our mortgage brokers by calling 1300 889 743 or enquiring online.
Can I trick the bank's credit score?
Don't try to "game" the lenders system by changing the information in your loan application.
If their system identifies any inconsistencies between the information on your Equifax credit file, your supporting documents, their own system and your application, then this will negatively affect your score or will result in your loan being declined.
Do you need help to get approved for your home loan? Our mortgage brokers are experts in credit scoring, and can help you to apply with a lender that does not credit score.
Please call us on 1300 889 743 or enquire online and one of our brokers will contact you to go through your situation.
) [311] => stdClass Object ( [post_id] => 70134 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => There are some trade-offs when you apply with non-bank lenders. Their interest rates are often higher, they have more postcode restrictions on where you buy a property with their loans, and you may get to borrow only up to 80% of the property value. At Home Loan Experts, we have over 50 lenders on our panel, including non-banks and specialist lenders. Call us on 1300 889 743 or enquire online and we can help you find the right lender. ) [312] => stdClass Object ( [post_id] => 84764 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Whether you're a casual teacher, part-time lecturer or school principal, we're here to assist you every step of the way. We share your passion for making a difference. Our home Loan Experts have seven years of experience, on average, as mortgage brokers. They will help you explore teacher home loan options and guide you towards home ownership.
Call us at 1300 889 743 or fill out our free online assessment form to get started now. Let's make your dream of owning a home a reality together!
) [313] => stdClass Object ( [post_id] => 31860 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>We're not valuers but we can help you qualify for a commercial property loan!
If you're happy with the cap rate of a property you've found and you've undertaken further due diligence, get in touch with us and we can help you qualify for a commercial loan, whether you're buying a freehold or need a business loan as well.
We have strong relationships with the commercial credit departments of a number of major banks as well as specialist lenders.
Because we know the key decision makers, we know how to build a strong case so you have a strong chance to get approved the first time around and even negotiate reduced commercial interest rates.
Call us today on 1300 889 743 or complete our free assessment form and tell us about the commercial property you're looking to buy.
[wbcr_snippet id="75453"] ) [314] => stdClass Object ( [post_id] => 31860 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
We're not valuers but we can help you qualify for a commercial property loan!
If you're happy with the cap rate of a property you've found and you've undertaken further due diligence, get in touch with us and we can help you qualify for a commercial loan, whether you're buying a freehold or need a business loan as well.
We have strong relationships with the commercial credit departments of a number of major banks as well as specialist lenders.
Because we know the key decision makers, we know how to build a strong case so you have a strong chance to get approved the first time around and even negotiate reduced commercial interest rates.
Call us today on 1300 889 743 or complete our free assessment form and tell us about the commercial property you're looking to buy.
[wbcr_snippet id="75453"] ) [315] => stdClass Object ( [post_id] => 35486 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Whether you've sold your property or you're planning to, give us a call on 1300 889 743 or complete our free assessment form.
We can help you to get approved for your new home loan and give you an estimate of the costs of buying a new property.
In that way, we can set your loan amount in a way that minimises your out-of-pocket costs.
[wbcr_snippet id="73257"] ) [316] => stdClass Object ( [post_id] => 26620 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Do you qualify for a 5% deposit home loan?
Speak to an experienced mortgage broker that specialises in 5% deposit home loans.
It can sometimes be difficult to get approved but with a professional to help you present a strong case you’re in with a better chance.
Call 1300 889 743 or fill in our free assessment form and we can tell you which home loan option is right for you.
) [317] => stdClass Object ( [post_id] => 69979 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => (Note the substantial drop in LMI as LVR declines from 91% to 90%.) Use our LMI calculator to see how much you can save with waived LMI, then call our mortgage brokers to find out if you qualify. Call us on 1300 889 743 or enquire online.) [318] => stdClass Object ( [post_id] => 69979 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => (Note the substantial drop in LMI as LVR declines from 91% to 90%.) Use our LMI calculator to see how much you can save with waived LMI, then call our mortgage brokers to find out if you qualify. Call us on 1300 889 743 or enquire online.
) [319] => stdClass Object ( [post_id] => 36850 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Please call us on 1300 889 743 or fill in our online enquiry form so we can properly assess your situation and choose a lender that is likely to approve your home loan.
HECS shouldn't stop you from buying your dream home!
) [320] => stdClass Object ( [post_id] => 334 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>With a booming economy and affordable locations, many foreign investors are buying properties in Australia.
If you’re looking to buy a house in Australia from overseas, you may wish to speak to our mortgage brokers.
We can advise you of your prospects of obtaining finance and help you apply with the right lender.
When you finally buy your investment property, you may wish to enlist the services of a real estate agent who will help you find suitable tenants for your house.
Also, check out the Foreign Investment Review Board (FIRB) page to find out if you need Government approval to purchase the property in Australia.
To speak to experts in non-resident mortgages call us on 1300 889 743 (+61 2 9194 1700 for callers outside Australia) or enquire online today!
) [321] => stdClass Object ( [post_id] => 911 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
The lender that we apply with will complete a ‘serviceability assessment’ to work out how large of a loan you can afford to repay.
The method that they use is much stricter than what they normally use with Australian citizens living in Australia.
Most lenders will use
That means that most lenders allow you to borrow much less than you can actually afford!
If you apply with the right lender, you’ll have your income accepted and a much higher chance of getting approved.
Call us on 1300 889 743 (+61 2 9194 1700 from outside of Australia) or complete our free assessment form to get assistance from one of our specialist mortgage brokers.
) [322] => stdClass Object ( [post_id] => 29628 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Unlike other Australian mortgage brokers, at Home Loan Experts (HLE), we're specialists in getting home loans approved for Australian expats living in Japan.
We are accredited with over 50 lenders including the major four banks and Australia's top lenders.
We can quickly find you the right home loan for situation and, in most cases, at a competitive interest rate!
If you're an Australian living in Japan and looking for a home loan, we can help!
Please give us a call on 1300 889 743 during business hours (+61 2 9194 1700 from outside of Australia) or complete our free assessment form, and one of our experienced mortgage brokers will contact you with a list of suitable solutions for your situation.
) [323] => stdClass Object ( [post_id] => 29638 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Australian expats are essentially Australian citizens, and banks take that into consideration when you apply for a home loan.
This essentially means that you'll be offered the same interest rates and home loan features as citizens who are Australian residents.
Despite living in Hong Kong, you can get competitive interest rates and access all home loan features, including the ability to make extra repayments, professional package discounts, salary crediting, a 100% offset account and more.
Speak with one of our credit specialists by calling 1300 889 743 (+61 2 9194 1700 if you're overseas) or complete our free online assessment form and find out how we can help you choose the right lender.
) [324] => stdClass Object ( [post_id] => 29781 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Choosing the right lender is the key to getting approved for an Australian expat in China mortgage.
We have relationships with almost 50 different lenders including the major banks, we can help you find the right lender for your situation.
Our mortgage brokers are specialists in mortgages for Australian expats in China! Did we mention that most most of our services are free?
Call us on 1300 889 743 (+61 2 9194 1700 if you're overseas) or fill in our free online assessment form today.
) [325] => stdClass Object ( [post_id] => 30720 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Our mortgage brokers specialise in helping Australian expats in Thailand apply for a home loan in Australia.
Choosing the right lender is extremely important. Since we have relationships with more than 50 different lenders, we can help you find the right lender for your situation.
Most of the time, we can negotiate a great price as well!
Speak with us today by calling 1300 889 743 (+61 2 9194 1700 from outside of Australia). Better yet, complete our free online assessment form and one of our credit specialists will Contact you to discuss your situation.
[wbcr_snippet id="72301"] ) [326] => stdClass Object ( [post_id] => 30828 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Normally, if your financial documents are in Deutsch, or any other foreign language, then lenders may require you to provide an interpreter's certificate. This is because some lenders don't accept documents that are in a foreign language.
For those of you who don't know, an interpreter's certificate is an official, certified document that translates the original documents to English.
You can generally get an interpreter's certificate with the help of the Australian Consulate in Germany.
Apply with the right lender today!
Call us on 1300 889 743 (+61 2 9194 1700 if you're overseas) or fill in our free online assessment form and we can help you negotiate a great home loan with a suitable lender.
[wbcr_snippet id="72213"] ) [327] => stdClass Object ( [post_id] => 1498 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Our mortgage insurance calculator is updated regularly.
However, there are other factors the LMI calculator cannot consider.
Some lenders have different sets of LMI premiums depending on the nature of your application or they may have premium loadings for particular loan purposes.
For an exact quote, please contact one of our mortgage brokers by calling 1300 889 743.
Our LMI calculator asks for more information than other calculators you may find online.
In this way, it can give a more accurate result by:
If you're ready to apply for a home loan, please call us on 1300 889 743 or enquire online.
A Home Loan Experts mortgage broker will give you a call to discuss the cheapest LMI premiums available for your situation.
[sg_popup id=81314] ) [328] => stdClass Object ( [post_id] => 2369 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Apply For A Rental Letter Home Loan Today
Please complete our free assessment form or call us on 1300 889 743 and we can tell you how you can use your rental payments as proof of your ability to pay off a home loan.
Still have questions? Feel free to comment below and we'll get back to you as soon as possible.
[sg_popup id=81314] ) [329] => stdClass Object ( [post_id] => 30471 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => Please note that even if you find a great interest rate on an SMSF investment loan, most lenders will restrict your loan to 70% of the property value. Our mortgage brokers specialise in SMSF loans and know lenders that can let you borrow up to 80% of the purchase price. You can call us on 1300 889 743 or complete our free online assessment form to check if you qualify.) [330] => stdClass Object ( [post_id] => 55617 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
There is only one way to be sure, that is to have one of our mortgage brokers do a full credit assessment and a funding position calculation for you.
We’re here to help you get the best deal based on your situatio!
Get started on your home buying journey by giving us a call on 1300 889 743 or by filling in our online assessment form.
[sg_popup id=65221] ) [331] => stdClass Object ( [post_id] => 11130 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>If you are looking to purchase a home in a Mine Subsidence District and need finance, please call us on 1300 889 743 or enquire online today.
We can help you apply with the right lender that will approve your mortgage, regardless of the potential risk involved.
) [332] => stdClass Object ( [post_id] => 11856 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
If you have a real estate and a construction project in mind, we can help! Call us on 1300 889 743 or enquire online and our brokers will contact you.
[wbcr_snippet id="73508"] ) [333] => stdClass Object ( [post_id] => 11805 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Home Loan Experts is dedicated to finding our clients the home loan that works best for their needs.
We can pick and choose products from over 50 different banks and lenders, often finding bank employees with better mortgage deals.
Are you looking for a home loan and are employed at a bank or lender?
We can help!
Contact us today, and one of our specialist brokers will help you find the best home loan available from our panel.
Call 1300 889 743 or enquire online.
[wbcr_snippet id="73060"] ) [334] => stdClass Object ( [post_id] => 35730 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>We're mortgage brokers who specialise in helping people without Australian citizenship to apply for a loan in Australia. We regularly help people on working visas, in particular 457 visas, to buy real estate in Australia.
If you'd like to buy a property in Australia and need mortgage approval please complete our free assessment form or call us on 1300 889 743.
[wbcr_snippet id="74966"] ) [335] => stdClass Object ( [post_id] => 59387 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => Do not be complacent with your home loan. It’s good practice to annually review your home loan so that you’re getting a good deal in your current situation. You can take the help of mortgage brokers when you’re switching home loans or reviewing your home loans.Please enquire online or call us on 1300 889 743 if you wish to talk with one of our mortgage brokers who specialises in releasing equity.
We can work out which lender on our panel will approve cash out for your situation and then help you to find the right home equity loan for your situation.
[wbcr_snippet id="72051"] ) [337] => stdClass Object ( [post_id] => 24144 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Although borrowing 95% of the property value is fairly common, it’s still seen as a high risk by most banks.
To get your loan approved, it helps if you have an expert mortgage broker who knows how to present your case to the lender.
With a guarantor to secure your mortgage though, you may be able to borrow up to 100% of the property plus more.
What's preventing you from qualifying for a home loan?
Our mortgage brokers are credit experts who can quickly identify the roadblocks in your mortgage application and how to go about presenting a case to a lender that best suits your situation.
Call us on 1300 889 743 today or complete our free assessment form to speak to a broker.
) [338] => stdClass Object ( [post_id] => 78186 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Don't let the opportunity to own your dream home slip away. Let our expert mortgage brokers at Home Loan Experts assist you in transitioning from renting to owning. Call us today at 1300 889 743 or fill out our free online assessment form to take the first step towards owning your own home.
) [339] => stdClass Object ( [post_id] => 36129 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Mortgages for Chinese investors are still available but you have to meet strict criteria and provide the right supporting documents when the banks ask for it.
A mortgage broker can properly assess your situation and collect the documents they need to submit your application.
Call us on 1300 889 743 or complete our free assessment form to discover how you can qualify for a home loan as a Chinese national.
[wbcr_snippet id="74997"] ) [340] => stdClass Object ( [post_id] => 93854 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Spring is the perfect time to tackle home-maintenance tasks that keep your property in top shape. Tapping into your home’s equity provides the financial flexibility to handle necessary repairs and upgrades without impacting your immediate savings.
At Home Loan Experts, we can help unlock your equity so you can use it to make sure your home is in good shape. Call us 1300 889 743 or enquire online for free today.
) [341] => stdClass Object ( [post_id] => 31979 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Whether you're a casual teacher, part-time lecturer or school principal, we're here to assist you every step of the way. We share your passion for making a difference. Our home Loan Experts have seven years of experience, on average, as mortgage brokers. They will help you explore teacher home loan options and guide you towards home ownership.
Call us at 1300 889 743 or fill out our free online assessment form to get started now. Let's make your dream of owning a home a reality together!
) [342] => stdClass Object ( [post_id] => 93006 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>If the mortgage process feels overwhelming, don't worry – you’re in good company. And our Home Loan Experts, with an average of seven years of experience, are eager to help you find the right loan for your needs. We’ll support you at every step, from securing better rates to taking care of the paperwork, making the entire process smoother and stress-free.
Call us at 1300 889 743 or complete our free online assessment today!
) [343] => stdClass Object ( [post_id] => 84088 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Partner with Home Loan Experts to turn your $500K home vision into a reality. We care about your dream as much as you do. Our Home Loan Experts average seven years of experience as a mortgage broker. They will use their expertise to give you clear guidance and negotiate for better rates on your behalf. So ditch the paperwork and focus on finding your dream home. Call 1300 889 743 or get a free online assessment today!
) [344] => stdClass Object ( [post_id] => 2435 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>We have a team of dedicated bad credit mortgage brokers with many years of experience.
Many of our senior brokers have worked in the credit departments of major banks so they know exactly how to build a strong case for bad credit home loans.
Call us on 1300 889 743 or complete our free online assessment form and find out how we can help you get approved for a bad credit mortgage.
) [345] => stdClass Object ( [post_id] => 20658 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Once you've experimented with the property investment calculator, we can help you qualify for an investment loan to buy a new property.
Speak to our mortgage brokers by calling 1300 889 743 or fill in our free assessment form to find out if you can qualify for a professional discount on your interest rate.
) [346] => stdClass Object ( [post_id] => 94292 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => As mortgage brokers, we can:
Here at Home Loan Experts, our mortgage brokers have extensive knowledge of the guidelines used by Australian lenders.
Please fill in our free assessment form or call us on 1300 889 743 to discuss your situation with a mortgage broker who can quickly find you a lender that will accept your loan while you're on maternity leave or while you're pregnant.
[wbcr_snippet id="74650"] ) [349] => stdClass Object ( [post_id] => 78765 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Experience a stress-free home-buying journey with the assistance of our expert team. From securing pre-approval to managing post-settlement tasks, we'll handle all the necessary paperwork while you relax and savour the excitement of finding your dream home.
Call us on 1300 889 743 or fill in our free online assessment form and we will get back to you shortly.
) [350] => stdClass Object ( [post_id] => 35809 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>It's always good to speak with a conveyancer when calculating the costs of selling a property.
As expert mortgage brokers, we can help make the settlement process smooth and simple by organising a simultaneous settlement.
It's often a much cheaper and simpler option!Please call us on 1300 889 743 or complete our free assessment form if you're planning to sell your property soon.
) [351] => stdClass Object ( [post_id] => 1971 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>If you'd like to get expert advice on 100% offset accounts then please call us on 1300 889 743 or complete our free assessment form to talk with a mortgage broker who specialises in home loans with offset accounts.
) [352] => stdClass Object ( [post_id] => 47146 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Call on 1300 889 743 or fill in our free assessment form and let one of our expert mortgage brokers assess your situation in full.
We can guide you through the right steps to prepare you for rising interest rates, whether it is through refinancing or simply managing your home loan more effectively.
) [353] => stdClass Object ( [post_id] => 45223 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => The refinance checklist will help you ensure you have all the required documents you need to start your refinance application. We can help you run the numbers and see if refinancing makes sense for you. and Call us on 1300 889 743 or fill in our free online assessment form to speak with one of our home loan refinance specialists today! [wbcr_snippet id="74837"] ) [354] => stdClass Object ( [post_id] => 35149 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Non-banks like credit unions and building societies tend to be much more competitive than major banks and lenders when it comes to SMSF loan interest rates and ongoing fees.
Just because they're not a major doesn't mean they can't be trusted!
We have nearly 40 lenders on our panel and we only work with the most reputable lenders in Australia.
Our mortgage brokers also have strong relationships with the business development managers at these lenders meaning that we can negotiate heavily discounted SMSF loan interest rates.
Please call us on 1300 889 743 or complete our free assessment form and one of our SMSF loan specialists can back to you with a free interest rate quote.
) [355] => stdClass Object ( [post_id] => 34949 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Call 1300 889 743 or complete our free assessment form and discover if you qualify for an Outback Jack's franchise loan.
) [356] => stdClass Object ( [post_id] => 34925 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
We're experts in LRBA and SMSF loans!
Discover if you qualify for a loan, so you start borrowing for your SMSF. Call us on 1300 889 743 to speak with one of our specialist mortgage brokers and tell us a little about your situation by completing our easy online enquiry form today.
) [357] => stdClass Object ( [post_id] => 69017 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
We can help you to get a competitive home loan so that you will be able to use it to own an investment property sooner. Our mortgage brokers can also help you if you need advice regarding property management.
Call us on 1300 889 743 or complete the no-obligation form and we’ll connect you to our expert mortgage brokers, who will make sure you get the best deal possible.
) [358] => stdClass Object ( [post_id] => 54016 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>In most cases, it's the same cost to refinance your mortgage and pay the break fees as it is to continue paying a higher rate until the end of the fixed-rate term.
For example, if you fixed your loan at 9.00%, you have one year left on your fixed rate, and banks are currently offering rates of 6.00% then paying a break fee may make you reconsider refinancing.
However, if you're paying a higher rate for the next year, when you do the maths, it usually means that over the next year you pay the same amount in additional interest as you'd have paid in a break fee!
For this reason, it normally makes sense to refinance or sell your property if you need to do so but it doesn't make sense to refinance if you're just trying to save money.
Please call us on 1300 889 743 or complete our free assessment form if you'd like to talk to one of our mortgage brokers about refinancing your fixed-rate loan.
Example Of Break Cost Calculation
Let's say that John has a fixed rate loan of $300,000 with ABC Bank.
He fixed his rate at 6.00% for 5 years but after 3 years, he sells his property and repays his fixed-rate loan in full.
If wholesale interest rates had dropped by 1%, how much would John pay in break fees?
Break fee = Loan amount x Remaining fixed term x Change in cost of funds
Break fee = $300,000 x 2 years x 1%
Break fee = $6,000 approximately
IMPORTANT: This is an example only. You should refer to your lender for exact break fees. As a general rule, if you had a 6% fixed rate and the lender is now offering 5% fixed rates for the same term, then it's likely that wholesale rates have dropped by 1%. This is not always accurate.
) [359] => stdClass Object ( [post_id] => 348 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Our mortgage brokers are experts in the banks’ employment policies and in the methods they use to assess your income.
We can select the lender that is best suited to you and then present the right documents to that lender to get approval.
Best of all we usually deal with the major lenders and so you don’t have to pay a higher interest rate!
Speak to us today on 1300 889 743 or complete our free assessment form and let us help you apply for a home loan!
) [360] => stdClass Object ( [post_id] => 52508 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] => We can help! But you need to have your home loan pre-approved and ready to go as buying off-market is a much rapid process. Get in touch with one of our specialist mortgage brokers by giving us a call on 1300 889 743 or fill in our online enquiry form today to get pre-approved. Disclaimer: The information provided on this page is intended for informational use only and not to be considered any form of financial advice. You should consult a financial planner or an accountant to come up with an informed decision before acting on any piece of information found in this page. ) [361] => stdClass Object ( [post_id] => 57056 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Our mortgage brokers can assess your situation and work out if you have a large enough deposit to buy a home.
They can also clarify any questions you may have about the cost of stamp duty in Victoria, transfer fees or First Home Owners Grants.
Speak to one of our specialist mortgage brokers by calling us on 1300 889 743 or fill in our free online assessment form to find out if you’re ready to buy.
) [362] => stdClass Object ( [post_id] => 78899 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>Buy Your Dream Home Sooner
Stay informed and take advantage of the comprehensive support available to first-home buyers in South Australia. You can plan your path to homeownership with these valuable initiatives and secure your dream home sooner – and Home Loan Experts can help! Call us on 1300 889 743 or complete our free assessment form today. stdClass Object ( [post_id] => 5756 [meta_key] => add_site_layouts_11_post_editor_option [meta_value] =>
Our mortgage brokers are experts in divorce mortgages and can help you get approved at a great interest rate.Please call us on 1300 889 743 or enquire online to find out how we can help you.If you still have questions, feel free to comment below and we’ll get back to you as soon as possible.
) [364] => stdClass Object ( [post_id] => 1633 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Is rent to buy and vendor finance available?
Vendor finance, wrap strategies and rent to buy schemes have become increasingly popular in recent years, particularly with investors that follow Steve McKnight or other popular property investment writers. One of the biggest problems that these investors have is that as their portfolio grows, banks begin to say that these investors cannot afford their level of debt, even though in actuality most of the properties are positively geared! This problem stems from the way lenders assess loans. For more information or to apply for a mortgage, please contact us on 1300 889 743 or complete our free assessment form today!) [365] => stdClass Object ( [post_id] => 59304 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>
Speeding up your loan process when you need to meet a cut-off date can be extremely exhausting. The technicalities involved may be overbearing for people unfamiliar with the mortgage industry.
Our expert mortgage brokers can help you get through your settlement before Christmas. And if you have trouble deciding on your application process, they can help you with it too!
Just call us on 1300 889 743 or fill in our free online assessment form to discuss viable solutions.
) [366] => stdClass Object ( [post_id] => 28204 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] => Just like buying a residential property, most people start their research online. Use this page as a guide and do some more research on what to look for in a hobby farm, specifically, what type of hobby farm you’re looking to start and what you want to achieve by buying one. Speak with local real estate agents about the area and about similarly successful small hobby farms nearby. If you can, speak with the locals because they’ll give you really objective answers rather than a sales spin. This way, you can make a much more informed decision on whether property and location are right for you. Attend small farm expos, open days and speak to vets about what’s involved in rearing certain livestock and land management on your hobby farm. Each state has its own farmers’ association which you can check out for resources and guides:) [367] => stdClass Object ( [post_id] => 70134 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] => There are some trade-offs when you apply with non-bank lenders. Their interest rates are often higher, they have more postcode restrictions on where you buy a property with their loans, and you may get to borrow only up to 80% of the property value. At Home Loan Experts, we have over 50 lenders on our panel, including non-banks and specialist lenders. Call us on 1300 889 743 or enquire online and we can help you find the right lender. ) [368] => stdClass Object ( [post_id] => 47071 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>
Do you need a property investment loan?
Maximise your borrowing power today.
We specialise in investment loans and can negotiate a great interest rate for you.
Give us a call on 1300 889 743 or you can fill in our online assessment form.
[sg_popup id=65221] [wbcr_snippet id="72635"] ) [369] => stdClass Object ( [post_id] => 3644 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>
Find out more
If you'd like to learn more about the NCCP Act and how it'll affect your home loan application, please call 1300 889 743 or fill in our free assessment form and one of our mortgage brokers will get back to you within 24 hours. ) [370] => stdClass Object ( [post_id] => 57457 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Is buying an investment property before your first home a good idea?
As you’ve probably guessed by now, it depends on where you want to live, your financial goals and plans. Buying an owner-occupier home is still the most popular way of entering the property market for first home buyers. But there is a definite growing trend of more first home buyers choosing to go the rentvesting route. Consider your own situation when making this decision. Whether you're buying an investment property or an owner-occupied property, speak with one of our specialist mortgage brokers by giving us a call on 1300 889 743 or fill in our online assessment form to find out if you qualify for a first home buyers loan. [sg_popup id=57745] [wbcr_snippet id="75246"] ) [371] => stdClass Object ( [post_id] => 60864 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Home loans for healthcare workers have various offers and concessions available which differ from lender to lender.
As healthcare workers, going through mortgage brokers for your home loans is always an efficient route. We can find you the lender that best suits your profile and needs.
Our specialist mortgage brokers have their expertise in professional loans. They can make your home loan process much smoother and efficient.
You can also call us on 1300 889 743 or fill in our free assessment form to discuss your situation with one of our specialist mortgage brokers.
) [372] => stdClass Object ( [post_id] => 43049 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] => Whether you need a construction loan or you're looking to release some equity for renovation work, our mortgage brokers understand construction better than most banks! We can be the professional middle man between your builder and your bank to ensure communication is never lost, the loan and drawdown process is smooth and easy, and you're kept up-to-date at all the stages of construction. In that way, you can focus on turning the home of your dreams into a reality. Call us on 1300 889 743 or complete our free assessment form to speak with one of our specialist mortgage brokers. ) [373] => stdClass Object ( [post_id] => 84407 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Our mortgage insurance calculator is updated regularly.
However, there are other factors the LMI calculator cannot consider.
Some lenders have different sets of LMI premiums depending on the nature of your application or they may have premium loadings for particular loan purposes.
For an exact quote, please contact one of our mortgage brokers by calling 1300 889 743.
Our LMI calculator asks for more information than other calculators you may find online.
In this way, it can give a more accurate result by:
If you're ready to apply for a home loan, please call us on 1300 889 743 or enquire online.
A Home Loan Experts mortgage broker will give you a call to discuss the cheapest LMI premiums available for your situation.
) [374] => stdClass Object ( [post_id] => 84408 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Talk to a Home Loan Experts mortgage broker to find out the true costs of buying a home. Call us on 1300 889 743">1300 889 743 or complete our free assessment form.
) [375] => stdClass Object ( [post_id] => 37484 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>TSS visa mortgages are available if you choose the right lender.
By presenting a strong case, you can even qualify for significantly reduced interest rates and other home discounts.
We have helped thousands of temporary Australian residents on the following visa types:
Please call us on 1300 889 743 or complete our free assessment form to speak with one of our specialist mortgage brokers about your situation.
) [376] => stdClass Object ( [post_id] => 84780 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>We are mortgage brokers who specialise in NZ citizen home loans and are passionate about guiding you through the Australian mortgage process with ease.
We know which banks can accept your application and which offer the best interest rates for non-residents.
If you would like to buy a property in Australia, please call us on +61 2 9194 1700, if you’re overseas, or at 1300 889 743 if you’re in Australia.
You can also complete our free assessment form wherever you are in the world, and one of our specialist brokers will get back to you.
) [377] => stdClass Object ( [post_id] => 33785 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Whether you need a construction loan or you're looking to release some equity for renovation work, our mortgage brokers understand construction better than most banks!
We can be the professional middle man between your builder and your bank to ensure communication is never lost, the loan and drawdown process is smooth and easy, and you're kept up-to-date at all the stages of construction.
In that way, you can focus on turning the home of your dreams into a reality.
Call us on 1300 889 743 or complete our free assessment form to speak with one of our specialist mortgage brokers.
[sg_popup id=81314] ) [378] => stdClass Object ( [post_id] => 940 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Yes, it’s possible to get approval for a low doc trust loan.
A low doc loan will allow you to declare your income rather than providing tax returns as proof of your income.
There are only a few select lenders that can consider low doc loans for trusts so it’s critical that you talk to us on 1300 889 743 or complete our free assessment form before you apply for a low doc loan using a trust.
) [379] => stdClass Object ( [post_id] => 32214 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>
We can help you qualify for an engineering consultancy commercial loan!
Please call us on 1300 889 743 or complete our free assessment form to speak with one of our experienced commercial mortgage brokers today.
[wbcr_snippet id="75940"] ) [380] => stdClass Object ( [post_id] => 189 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Yes, your credit history can affect your loan application. Contrary to popular belief, low doc loans are usually strictly assessed and any adverse credit listings such as defaults or bankruptcy will result in your loan being declined by the major lenders.
Also if you have missed payments on your loan that is being refinanced then you may be declined.
Luckily there are non bank lenders known as non conforming lenders that have a "rate for risk" approach. This allows them to approve low doc loans for people with bad credit in return for a higher interest rate, a risk fee or both.
There are large variations in the way that these loans are assessed. We recommend that you to call us on 1300 889 743 or enquire online to find out which lender is most suitable for you.
) [381] => stdClass Object ( [post_id] => 13404 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>
Our mortgage brokers have a strong relationship with many of the banks and lenders. We can order a free valuation up front with one of our lenders that is suitable for your situation.
Call us on 1300 889 743 or fill in our free assessment form and we can determine the right bank for you.
) [382] => stdClass Object ( [post_id] => 60586 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] => Want us to elaborate further on the home loan FAQs answered above? Want to reach out to our customer relationship team for post-settlement assistance of any sort? Please give us a call on 1300 889 743 or fill in our online assessment form today to discuss your needs. ) [383] => stdClass Object ( [post_id] => 34783 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Our mortgage brokers are credit specialists with particular expertise in unusual property types like rural properties.
These types of properties sometimes fall outside normal lending policy and some lenders are more flexible when it comes to approved rural home loans.
We have nearly 40 different lenders to choose from so we will package your application with the right one so you have the best chance of getting approved and start living the life you want.
Please call us on 1300 889 743 or enquire online for a free, no obligation assessment of your situation.
[wbcr_snippet id="73316"] ) [384] => stdClass Object ( [post_id] => 35674 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>We can let you know if you qualify for a place of worship loan!
Give us a call on 1300 889 743 or complete our free assessment form to speak with one of our mortgage brokers about your situation.
[wbcr_snippet id="75588"] ) [385] => stdClass Object ( [post_id] => 10048 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Are you a newly arrived temporary resident, or permanent resident looking to buy a home? Our mortgage brokers are specialists in home loans for skilled migrants in Australia. Contact us on 1300 889 743 (When outside Australia call +61 2 9194 1700), or enquire online.
) [386] => stdClass Object ( [post_id] => 946 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>
Asset protection in a unit trust is weak as the units can be acquired and sold to pay creditors, in the event of bankruptcy.
It's also more complex to make tax-free distributions.
This makes a discretionary trust a more appealing option as it is much more flexible and distributions can be made on a discretionary basis.
Despite the disadvantages, a unit trust is a great vehicle for investment!
If you would like to borrow for your trust, please enquire online or call us on 1300 889 743 to speak to an expert mortgage broker who can help you get approved.
) [387] => stdClass Object ( [post_id] => 54185 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>
Since everyone’s situation is different, your best bet is to work with award-winning mortgage brokers well adapted to working remotely and quickly, especially in this environment.
Speak with one of our specialist mortgage brokers today, and you’ll be one step closer to getting approved.
Call us on 1300 889 743 or fill in our short assessment form to get started.
) [388] => stdClass Object ( [post_id] => 33677 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>You'll pay a bit upfront but the amount of money you save by getting the right advice can more than cover your cost.
Like your mortgage broker, find an accountant that’s experienced in dealing with property investors.
Also, ensure that you get a depreciation schedule prepared by a professional. You’d be amazed by the amount you can claim, even if you think your property is too old.
Don’t skimp. Often times, good property investment advice provides more long-term benefit than going it alone.
The reality is, it can be difficult to manage cash flow when negative gearing and you may often feel like all of your income is going to the banks and into the property.
However, by planning ahead and adopting some of these strategies, you’ll have a better chance of onto your negatively geared property over the long term.
Do you need an investment loan to kick-start your property portfolio?
Speak with one of our expert mortgage brokers by calling 1300 889 743 or by completing our free assessment form today.
[wbcr_snippet id="72287"] ) [389] => stdClass Object ( [post_id] => 32111 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Check out the list of franchise loans we have on offer through our lenders listed on the left-hand side of this page.
After that, give us a call on 1300 889 743 or fill in our free assessment form to speak with one of our specialist mortgage brokers today.
) [390] => stdClass Object ( [post_id] => 64087 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>In brief, to inspect the property for best purchasing decisions:
If you want to talk to a real estate agent for help with property inspection, call us on 1300 889 743 or fill in the free online enquiry form on our website. Our upcoming Home Buyers Institute's course will help you understand more about home buying. Look out for the launch on our website!
[sg_popup id=65221] ) [391] => stdClass Object ( [post_id] => 67329 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>If you are looking to get a home loan to invest in house flipping, feel free to call us at 1300 889 743 or fill in the free enquiry form for expert advice on the best loans and lenders available for you.
) [392] => stdClass Object ( [post_id] => 31857 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>We're Red Rooster franchise loan specialists who can help you put together a strong application with a lender that will look favourably at your financial situation and business plans.
Call us today on 1300 889 743 or fill in our free assessment form to discover whether you qualify for a Red Rooster franchise loan!
) [393] => stdClass Object ( [post_id] => 67910 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] => A buyer can get a pre-approval to avoid getting rejected by the lender. A pre-approval gives the buyer some security about funding before entering negotiations with the seller and also helps the buyer gauge their budget. Securing a pre-approval signals to the seller a strong desire to secure the property.Our team of specialist mortgage brokers can help guide you through setting up a cooling off period or a financial clause. We can also help you secure a pre-approval. Contact us at 1300 889 743 or fill in our online assessment form and we will contact you. [wbcr_snippet id="72961"] ) [394] => stdClass Object ( [post_id] => 64730 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] => At Home Loan Experts, we’re not just mortgage brokers. We are credit experts who can:
The regulators have affected almost every stage of the application and approval process. This has drastically slowed up the process for the banks. Where mortgage brokers really shine is the ability to speak with the key decision makers to speed things up whenever things are slowing down. We also know exactly what the banks are looking for in an application so we always ask for all of your documents upfront to avoid delays. Where appropriate, we can help you to apply with a non-bank lender that is not affected by APRA's restrictions. Please call us on 1300 889 743 for a free, no obligation assessment or, alternatively, fill in our easy online enquiry form.
) [396] => stdClass Object ( [post_id] => 9192 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Are you an Australian expatriate, temporary resident or foreign citizen looking to purchase property in Australia? We here at Home Loan Experts specialise in non-resident mortgages. We work with over 40 different banks and lenders and can therefore find the most competitive deals and interest rates.
Are you overseas? You can contact us on +61 2 9194 1700 to talk so us, or enquire online and an expert broker will contact you.
If you are in Australia you can call us on 1300 889 743.
) [397] => stdClass Object ( [post_id] => 43779 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>If you’re planning to pursue a house flipping investment strategy, then it’s always best to speak with a mortgage broker about your plans so we can help you develop a proper mortgage strategy.
A well-structured mortgage strategy will allow you to pursue your positive gearing strategy well into the future.
A mortgage broker will help you get a negotiated interest rate discount that's far below what most lenders will offer you.
Call us on 1300 889 743 or fill in our free assessment form to find out how we can help you with flipping houses.
[wbcr_snippet id="73404"] ) [398] => stdClass Object ( [post_id] => 51431 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Our award-winning mortgage brokers are credit experts.
They can help you find a home loan for you, even if you have a low credit score.
Get in touch with us by filling in our free assessment form or by calling 1300 889 743 today.
[wbcr_snippet id="75308"] ) [399] => stdClass Object ( [post_id] => 30753 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Are you a barrister, solicitor or other legal practitioner that needs finance to buy their own practice office?
Our mortgage brokers have commercial expertise and know how to get a barristers chambers commercial loan approved.
Call us on 1300 889 743 or complete our free assessment form and we can let you know how we can help you.
[wbcr_snippet id="75851"] ) [400] => stdClass Object ( [post_id] => 69070 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] => If you’re having trouble deciding whether a capital-growth or rental-yield strategy is best for you, Home Loan Experts can help. Call us at 1300 889 743 or enquire online to find out which lenders can help with your investment loan. ) [401] => stdClass Object ( [post_id] => 7863 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>This is mainly because of your status as a non-citizen. Most banks are concerned that your visa may expire, your visa conditions may result in your early removal from Australia or you may choose to leave.
If this occurs, you will probably still owe a large debt to the bank and they may encounter difficulty recovering this from you.
For this reason, the FIRB will only allow you to purchase one owner occupied property and you must sell this before you leave Australia.
Bank approval is subject to successful review by the FIRB. However, FIRB approval generally takes no longer than two weeks and most applications are often swiftly approved.
Call us today on 1300 889 743 (+61 2 9194 1700 from outside of Australia) or enquire online and we can help you get a great loan package with attractive discounts.
) [402] => stdClass Object ( [post_id] => 33319 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Our mortgage brokers have many options available and can find the right lender that will assess your investment income.
In addition to this, we can often get past the low level assessors at your bank or present the right information to get your bank to approve your loan even if your bank manager said no!
Please call us on 1300 889 743 or complete our free assessment form and our mortgage brokers will let you know what options you have available.
[sg_popup id=65221] [wbcr_snippet id="74656"] ) [403] => stdClass Object ( [post_id] => 3912 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Most people negotiate to pay a 5% or 10% deposit as a cheque. The funds are then held in the agents trust account or a solicitors trust account until settlement. Again, this varies depending on the state you're in. It's common in QLD & WA for the deposit to be much smaller than 5%.
How can you pay a 5% deposit if you're borrowing 100% of the property value with a guarantor loan? You can get what's known as a deposit bond, which is a guarantee to the vendor that you'll complete the purchase. A deposit bond will usually cost you around 1.2% of the amount of the deposit, as a once off fee.
The vendor will need to agree to accept a deposit bond instead of a cash deposit. If you're going to an auction then request this via your conveyancer, several days before the day of the auction.
Please use our deposit bond calculator to compare deposit bond quotes from several insurers and then contact one of our mortgage brokers to apply. Call 1300 889 743 or complete our free assessment form today!
) [404] => stdClass Object ( [post_id] => 7850 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Our mortgage brokers are here to help our customers for the life of their loan. If you're one of our existing customers, please speak to your mortgage broker.
If you're not yet a customer of the Home Loan Experts and would like to refinance to the most competitive lender, please call us on 1300 889 743 or enquire online and one of our mortgage brokers will call you to discuss how you can get the best interest rate around for your home loan.
We can help you make a decision on fixed or variable.
[sg_popup id=65221] ) [405] => stdClass Object ( [post_id] => 15171 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>
There are several partners in a firm (often 5 to 20), which makes it different from a company that is owned and managed by one person.
Standard bank policy requires that you provide the financial statements and tax returns for any business which you have a shareholding in that generates more than 25% of your income. This includes income via a salary, directors fees or dividends.
If you are applying for a commercial loan in the name of the business, then the banks will need to assess the financial situation of the entire business. However, for a home loan it shouldn't be necessary for the bank to review your entire company.
As a partner in an accounting firm we can get this requirement waived.
Please call us on 1300 889 743 or enquire online and one of our specialist mortgage brokers will contact you to discuss your situation.
Why Do Banks Struggle With Partnerships?
A partnership is a relationship not a separate legal entity.
It includes two or more people (rarely more than 20) going into business together to make a profit.
Partners share all the business assets and liabilities so it is vital that each partner knows their rights, responsibilities and obligations.
Banks often struggle with financing a partnership because of the unique legal structure of the entity. While banks can handle a sole trader, company, trust or Australian Securities Exchange listed company, their systems and processes are not set up with partnerships in mind.
How Do I Prove My Income As A Partner?
Typically, banks and other lenders will want to see your personal tax returns and notices of assessment for the last two years. If your salary is sufficient to service your debt then we can accept your two most recent payslips on their own.
However, those who are partners in selected larger accounting firms may be able to provide proof of their income via a letter or email from the firm’s Administration Manager (or equivalent) when applying for a residential home loan.
The letter will be used for income verification purposes instead of standard self-employed income documentation such as tax returns.
) [406] => stdClass Object ( [post_id] => 41836 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>
This article is generic and covers all states of Australia.
However your contract of sale may be different to the norm or your state’s legislation may change.
It’s important that you seek advice from your conveyancer, solicitor or settlement agent as they can give you advice on the contract and the relevant legislation for your state.
We’re mortgage brokers and our focus is on getting you a suitable mortgage so check out our list of recommended conveyancers for your states.
If you need help with applying for a home loan, call us on 1300 889 743 or fill in our online enquiry form and find out how we can help.
) [407] => stdClass Object ( [post_id] => 35739 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>You could soon be on your way to making your own drop in a stunning rural landscape.
Call us on 1300 889 743 or complete our free assessment form to find out if you qualify for a vineyard loan.
[wbcr_snippet id="75746"] ) [408] => stdClass Object ( [post_id] => 90891 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>
Buying your first home in Sydney can be a very quick process as most homes are auctioned off. Usually, you’ll have to renounce your right to a cooling-off period.
So, it’s better to get pre-approved for a home loan prior to attending auctions or entering into a private sale. Our experienced mortgage brokers recommend getting 2 or more pre-approvals because it is quite risky to have just one lender who can assist.
Speak with one of our specialist mortgage brokers by giving us a call on 1300 889 743 or by filling in on our online assessment form today.
) [409] => stdClass Object ( [post_id] => 54107 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>If you're expecting property prices to fall, then you can still buy now by offering less, which protects you from future falls.
If you prefer to wait, then get pre approved and ready so you can buy at the right time.
Our mortgage brokers can help you navigate the entire home buying process for you during the COVID-19 pandemic.
Call us at 1300 889 743 or fill in our free assessment form.
) [410] => stdClass Object ( [post_id] => 35641 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Call 1300 889 743 or complete our online enquiry form to find out if you qualify for a private school commercial loan.
) [411] => stdClass Object ( [post_id] => 55800 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Don’t wait for the mortgage deferral period to end before you start going over your options.
Speak with one of our specialist mortgage brokers to go over your options by giving us a call on 1300 889 743 or by filling in our short assessment form.
Disclaimer: This page contains information to educate our customers. It is not advice on managing your home loan deferral. It has been prepared without taking into account your objectives, financial situation or needs. Please seek financial advice before taking any action.
) [412] => stdClass Object ( [post_id] => 30516 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>We’re experts in getting low cost commercial finance for backpacker accommodation and hostels.
Don’t wait to buy your commercial investment!
Call us on 1300 889 743 or complete our free assessment form to find out if we can get you approved for a backpacker accommodation commercial loan.
) [413] => stdClass Object ( [post_id] => 30362 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Not sure if you qualify for an investment loan?
Our mortgage brokers are experts in getting investment loans approved. Many of them are property investors themselves so they know exactly what property investors need to get approved.
Speak with one of our brokers on 1300 889 743 or complete our free online assessment form and find out if you qualify for an investment loan.
) [414] => stdClass Object ( [post_id] => 3889 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>The loan process can feel like a maze. Confusing rules. Endless hurdles. But as Home Loan Experts, we’ve mastered the way through.
Our mortgage brokers know the banks, the policies, and how to make your application stand out. We’re here to help you get pre-approved without any stress.
Call us on 1300 889 743 or complete our free online assessment form today. Because your dream deserves a plan. Let’s get started.
) [415] => stdClass Object ( [post_id] => 43642 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>There can be legitimate benefits to getting a home loan with interest only.
Call us on 1300 889 743 or complete our free assessment form and we can let you know if you qualify.
) [416] => stdClass Object ( [post_id] => 91751 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>When the Cash Rate moves, your variable interest rate usually does, too. Increases often lead to higher repayments. Our team of mortgage experts can analyse your current mortgage, explain the potential impact of Cash Rate changes, and explore options that offer more stability. We also have a handy repayment calculator to estimate your new repayments whenever your lender changes your loan’s interest rate.
Please call us on 1300 889 743 or complete our free online assessment form today!
[wrs-floating-call-btn] ) [417] => stdClass Object ( [post_id] => 7020 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>We are the experts in all unusual property types and help individuals across Australia obtain finance to purchase the property of their dreams.
Whether it’s a conventional 4 bedroom, double brick house in the suburbs, or a house with unusual features, we can help you get approval!
Call us on 1300 889 743 or enquire online and one of our mortgage brokers will get in touch with you to discuss your situation.
[wbcr_snippet id="73662"] ) [418] => stdClass Object ( [post_id] => 382 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Agency employees usually have a high chance of getting their home loan approved if submitted to the right bank.
Temp workers may have to provide additional documents but, provided that their situation is truly stable, they usually have an excellent chance of approval.
Complete our free assessment form or call us on 1300 889 743.
Speak to a mortgage broker who specialises in dealing with lenders that will consider applications from agency or temp workers.
) [419] => stdClass Object ( [post_id] => 13678 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Lenders do not use just one scorecard, they instead use a system which "profiles" customers based on many aspects of their situation.
If you appear to match a profile that the bank believes is a high risk, then your home loan will be declined.
For example, they may use one scorecard for men and another for women. This is because the same data may mean different things for different types of customers.
If a man has had a break in his employment he may be a higher risk than a woman who has had a break in her employment. The woman is likely to have taken time off to have children whereas the man is more likely to have been unemployed.
Do you need help to get your mortgage approved? Call us on 1300 889 743 or enquire online to speak to one of our expert mortgage brokers.
Do banks move the goalposts?
Your credit score is just an arbitrary number, it is up to the lender to decide how much risk they are comfortable with.
If a lender has a low cost of funds and is very aggressive in trying to gain additional market share, then they may set up their scorecard in such a way that the score required to gain an approval is very low.
At other times when funding is tight and the bank is not focusing on residential lending then they may move the cut off point up, declining more of the borderline applications.
Each lender has their own risk appetite which depends on their position in the market and their business model.
They all carefully monitor the delinquency rates of their existing loan book, and should they move outside of the acceptable range, then they will tweak their credit score to compensate.
) [420] => stdClass Object ( [post_id] => 10270 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] => There are many factors that can determine whether your loan application is accepted or not. Our mortgage brokers know how the banks calculate your borrowing power and how to get your mortgage approved! There are some lenders that look beyond a simple borrowing capacity formula and ask real questions about your financial situation.
Talk to us on 1300 889 743 or enquire online to obtain a quote from a lender that will be best suit your situation.
) [421] => stdClass Object ( [post_id] => 31860 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>
We're not valuers but we can help you qualify for a commercial property loan!
If you're happy with the cap rate of a property you've found and you've undertaken further due diligence, get in touch with us and we can help you qualify for a commercial loan, whether you're buying a freehold or need a business loan as well.
We have strong relationships with the commercial credit departments of a number of major banks as well as specialist lenders.
Because we know the key decision makers, we know how to build a strong case so you have a strong chance to get approved the first time around and even negotiate reduced commercial interest rates.
Call us today on 1300 889 743 or complete our free assessment form and tell us about the commercial property you're looking to buy.
[wbcr_snippet id="75453"] ) [422] => stdClass Object ( [post_id] => 31860 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>
We're not valuers but we can help you qualify for a commercial property loan!
If you're happy with the cap rate of a property you've found and you've undertaken further due diligence, get in touch with us and we can help you qualify for a commercial loan, whether you're buying a freehold or need a business loan as well.
We have strong relationships with the commercial credit departments of a number of major banks as well as specialist lenders.
Because we know the key decision makers, we know how to build a strong case so you have a strong chance to get approved the first time around and even negotiate reduced commercial interest rates.
Call us today on 1300 889 743 or complete our free assessment form and tell us about the commercial property you're looking to buy.
[wbcr_snippet id="75453"] ) [423] => stdClass Object ( [post_id] => 69979 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] => Many doctors end up building large property portfolios, which can potentially end up earning them more money than their career. Here are some things to keep in mind if you’re looking to build your portfolio:
Before applying for your loan you should read our buyers guide page and the relevant page for your residency type (e.g. Australian citizen living overseas, foreign citizen investing in Australia or temporary visa holder).
Once you have determined that you may be qualified for a home loan then enquire online or contact us via phone on +61 2 9194 1700 from overseas or 1300 889 743 from within Australia between 9am – 5pm Sydney time (GMT +10) and one of our consultants will discuss the various options with you.
[wbcr_snippet id="74991"] ) [425] => stdClass Object ( [post_id] => 19581 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Step 1 - Organise your team of professionals
Conveyancer
You’ll need a conveyancer or a solicitor to take care of the legal work for you.
Their job is to complete searches on the property, manage the transfer of ownership and review the contract before you sign it.
Keep in mind that your appointed conveyancer must be in the same state as the property you’re buying or at least be licensed to operate in that state.
For Western Australia (WA), conveyancers are called settlement agents.
Please view our list of recommended conveyancers if you don’t have one already.
It’s common for a real estate agent to recommend a conveyancer to you but we suggest that you choose one that is likely to be impartial.
Mortgage broker
A good Australian mortgage broker with experience in helping non-residents to apply for a mortgage is an essential member of your team of experts.
Brokers don't need to see the property you are buying so they can be contacted no matter where they work in Australia, and, for most residential mortgages and loans, their services are free.
We’re specialists in non-resident mortgages, hold an Australian Credit Licence (ACL) and are also a member of both the Mortgage and Finance Association of Australia (MFAA) and the Australian Financial Complaints Authority (AFCA).
We can finance properties Australia-wide and we regularly work with international borrowers.
We have a panel of nearly 40 lenders to choose from which ensures that you’re getting the best mortgage for your situation and needs.
If you need finance to purchase property in Australia, call us on 1300 889 743 (+61 2 9194 1700 from outside Australia) or complete our free assessment form to discuss your options.
Learn more about the benefits of using a mortgage broker.
Accountant (if required)
You don’t need to appoint an accountant but there are many benefits in having one and we strongly recommend that you appoint one.
Your accountant can help you structure your financials and save you money on tax because they are experts in Australian tax legislation.
If you’d like to set up Australian companies or trusts to hold your investment, then you’ll need an accountant.
Your appointed accountant can be located anywhere in Australia so it doesn't matter if you live in another city or state.
In particular, you need to be aware of taxes for leaving your property vacant, stamp duty, foreign citizen stamp duty, land tax and capital gains tax.
There may be complexities depending on the country you are living in and if your home country has a joint tax agreement with Australia or not.
Buyers agent (if required)
A buyers agent is also very useful if you’re located overseas and can’t physically inspect the property you’re buying.
The main job of a buyers agent is to source the property and negotiate a great deal on your behalf.
They’ll deal with the real estate agents for you and ensure that the property you’re buying represents a good opportunity.
Your buyers agent must be licensed and have some presence in the state that you’re buying a property in.
Keep in mind that a buyers agent should give independent and objective advice: they shouldn’t be selling his/her own properties.
If they are selling their own properties or are receiving a commission from the developer then they are not a buyers agent acting for you.
They are a real estate agent acting for the seller!
Some buyers agents will charge a fixed fee while others will charge an upfront fee as well as a percentage of the purchase price of the property.
We can put you in touch with some reputable buyers agents if you need assistance.
Step 2 - Get your loan pre-approved
It’s essential for you to get your pre-approval before you begin looking for a property.
Good properties don’t stay on the market long!
The buyer with a pre-approval usually snaps up the best investments while the others are still putting their mortgage applications together.
More importantly, you know that you’re eligible for a loan and how much you can borrow.
Why waste your time looking for a house or unit only to find out that you can't get a loan?
It's for this reason we strongly recommend that you don't buy a property that is due to settle more than 3 months from now.
Your pre-approval will expire and if the lender can't help you later on then you may lose your deposit.
Step 3 - Applying for a mortgage
Applying for a mortgage as a non-resident can be tough because lending criteria can be very complex.
For foreign investors especially, there are less than a handful of lenders who are lending in this space.
You can find specific lending guidelines for your situation here:
To ensure that you get approved, speak to us on 1300 889 743 (+61 2 9194 1700 from outside of Australia) or complete our free assessment form and one of our brokers will get back to you.
We offer free assistance and can help you with your home loan application.
Step 4 - Confirm you qualify with the FIRB
If you’re a non-resident or a temporary visa holder, you’re legally required to get permission from the Foreign Investment Review Board (FIRB) to buy property in Australia.
Australian citizens, Australian permanent residents and New Zealand (NZ) citizens don’t require FIRB approval.
Getting FIRB approval is a simple process and usually takes up to two weeks from the date the application is lodged.
Fees can vary depending on the value of ) [426] => stdClass Object ( [post_id] => 321 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>
If you'd like to know which lenders offer the cheapest no deposit building loans, please complete our free assessment form or call us on 1300 889 743 and our specialist brokers will get back to you with the most suitable rates and fees.
[wbcr_snippet id="71933"] ) [427] => stdClass Object ( [post_id] => 31979 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Whether you're a casual teacher, part-time lecturer or school principal, we're here to assist you every step of the way. We share your passion for making a difference. Our home Loan Experts have seven years of experience, on average, as mortgage brokers. They will help you explore teacher home loan options and guide you towards home ownership.
Call us at 1300 889 743 or fill out our free online assessment form to get started now. Let's make your dream of owning a home a reality together!
) [428] => stdClass Object ( [post_id] => 94292 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] => As mortgage brokers, we can:With access to an extensive panel of 50-plus lenders, we're well-equipped to negotiate the best possible deal for you.
But that's not all. Our services are absolutely free, allowing you to focus on your dream home without worrying about additional financial burdens.
Why wait? Give us a call at 1300 889 743 (or +61 2 9194 1700 if you're outside Australia) or fill in our free online assessment form to connect with our passionate team.
) [430] => stdClass Object ( [post_id] => 55783 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] => As mortgage brokers, we can:
Speak with one of our low doc home loan specialists by calling 1300 889 743 or by completing our free assessment form today!
) [432] => stdClass Object ( [post_id] => 84088 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Partner with Home Loan Experts to turn your $500K home vision into a reality. We care about your dream as much as you do. Our Home Loan Experts average seven years of experience as a mortgage broker. They will use their expertise to give you clear guidance and negotiate for better rates on your behalf. So ditch the paperwork and focus on finding your dream home. Call 1300 889 743 or get a free online assessment today!
) [433] => stdClass Object ( [post_id] => 45223 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] => The refinance checklist will help you ensure you have all the required documents you need to start your refinance application. We can help you run the numbers and see if refinancing makes sense for you. and Call us on 1300 889 743 or fill in our free online assessment form to speak with one of our home loan refinance specialists today! ) [434] => stdClass Object ( [post_id] => 34925 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>We're experts in LRBA and SMSF loans!
Discover if you qualify for a loan, so you start borrowing for your SMSF. Call us on 1300 889 743 to speak with one of our specialist mortgage brokers and tell us a little about your situation by completing our easy online enquiry form today.
) [435] => stdClass Object ( [post_id] => 70471 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>
Our mortgage brokers can help you lodge your application for a place in any scheme. Call us on 1300 889 743 or enquire online today!
) [436] => stdClass Object ( [post_id] => 54016 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Did you know that some loan types allow you to make unlimited additional repayments with a fixed rate, without penalty?
As long as you don't close your loan, you can use a flexible fixed rate to enjoy the extra repayments of a variable interest rate without the uncertainty of interest rate fluctuations.
Please call us on 1300 889 743 or complete our free assessment form to talk to one of our mortgage brokers who can offer you practical advice.
) [437] => stdClass Object ( [post_id] => 348 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Our mortgage brokers are experts in the banks’ employment policies and in the methods they use to assess your income.
We can select the lender that is best suited to you and then present the right documents to that lender to get approval.
Best of all we usually deal with the major lenders and so you don’t have to pay a higher interest rate!
Speak to us today on 1300 889 743 or complete our free assessment form and let us help you apply for a home loan!
) [438] => stdClass Object ( [post_id] => 45371 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Joint debts with people not on the loan application are assessed by lenders as if the debts are 100% in your name.
They assume that the person isn't paying their share - it's totally insane!
Luckily, some lenders will assess you at 50% of the debt using what is known as a common debt reducer home loan.
Want to get approved the first time around?
The first step is providing accurate details living expenses.
By working with a mortgage broker, they can give a pretty accurate indication of your chances at approval.
Call us on 1300 889 743 or complete our free assessment form today.
) [439] => stdClass Object ( [post_id] => 52508 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>We can help!
But you need to have your home loan pre-approved and ready to go as buying off-market is a much rapid process.
Get in touch with one of our specialist mortgage brokers by giving us a call on 1300 889 743 or fill in our online enquiry form today to get pre-approved.
Disclaimer: The information provided on this page is intended for informational use only and not to be considered any form of financial advice. You should consult a financial planner or an accountant to come up with an informed decision before acting on any piece of information found in this page.
) [440] => stdClass Object ( [post_id] => 67866 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>Home Loan Experts’ mortgage brokers assess your equity and help find the best refinancing option for you. They make sure lenders service your maximum home equity while processing your loan.
Call us on 1300 889 743 or enquire online today to learn more about how you can use your equity for refinancing.
[wbcr_snippet id="72039"] ) [441] => stdClass Object ( [post_id] => 2435 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>We have a team of dedicated bad credit mortgage brokers with many years of experience.
Many of our senior brokers have worked in the credit departments of major banks so they know exactly how to build a strong case for bad credit home loans.
Call us on 1300 889 743 or complete our free online assessment form and find out how we can help you get approved for a bad credit mortgage.
) [442] => stdClass Object ( [post_id] => 924 [meta_key] => add_site_layouts_12_post_editor_option [meta_value] =>We're mortgage brokers who specialise in helping people without Australian citizenship apply for loans in Australia.
If you’d like to buy a property in Australia or want to know more about how we can help, call us on 1300 889 743 or complete our free online assessment form today.
) [443] => stdClass Object ( [post_id] => 27590 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Before you make an offer on a property, get pre-approved for a business owner home loan!
Lender selection is key as well as having the right business and income evidence needed to present a strong case.
Please call 1300 889 743">1300 889 743 or complete our free assessment form today to speak with one of our mortgage brokers. We’re specialists in home loans for business owners.
[sg_popup id=65221] [wbcr_snippet id="74439"] ) [444] => stdClass Object ( [post_id] => 3644 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Find out more
If you'd like to learn more about the NCCP Act and how it'll affect your home loan application, please call 1300 889 743 or fill in our free assessment form and one of our mortgage brokers will get back to you within 24 hours. ) [445] => stdClass Object ( [post_id] => 10270 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] => There are many factors that can determine whether your loan application is accepted or not. Our mortgage brokers know how the banks calculate your borrowing power and how to get your mortgage approved! There are some lenders that look beyond a simple borrowing capacity formula and ask real questions about your financial situation.Talk to us on 1300 889 743 or enquire online for free to obtain a quote from a lender that will be best suited to your situation.
) [446] => stdClass Object ( [post_id] => 918 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>We are mortgage brokers who specialise in NZ citizen home loans and are passionate about guiding you through the Australian mortgage process with ease.
We know which banks can accept your application and which offer the best interest rates for non-residents.
If you would like to buy a property in Australia, please call us on +61 2 9194 1700, if you’re overseas, or at 1300 889 743 if you’re in Australia.
You can also complete our free assessment form wherever you are in the world, and one of our specialist brokers will get back to you.
) [447] => stdClass Object ( [post_id] => 1555 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>If you'd like to know the cheapest LMI premium available for your loan, fill in our free assessment form or contact us on 1300 889 743.
One of our mortgage brokers will assess which lenders and LMI products you qualify for and help you work out the cheapest possible LMI premium.
) [448] => stdClass Object ( [post_id] => 11414 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>The first step towards purchasing a DHA investment property is getting finance.
Find out how we can help you get mortgage approval with a lender that offers great rates and an attractive loan package.
Speak to us on 1300 889 743 or enquire online and one of our mortgage brokers will contact you to discuss your situation.
[wbcr_snippet id="73586"] ) [449] => stdClass Object ( [post_id] => 189 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Most lenders need to see at least one statement for all your debts when assessing a low doc loan.
When refinancing, all lenders need to see at least three and usually six months worth of statements for the mortgage being refinanced and at least one statement for any debts being consolidated.
Some lenders do not need to see any statements for a purchase. For a refinance only loan, lenders will only need to see the statements for your home loan being refinanced.
We can help you find a lender that will keep the paperwork to a minimum, call us on 1300 889 743 or enquire online for the details.
) [450] => stdClass Object ( [post_id] => 37484 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>
TSS visa mortgages are available if you choose the right lender.
By presenting a strong case, you can even qualify for significantly reduced interest rates and other home discounts.
We have helped thousands of temporary Australian residents on the following visa types:
Please call us on 1300 889 743 or complete our free assessment form to speak with one of our specialist mortgage brokers about your situation.
) [451] => stdClass Object ( [post_id] => 29438 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Funding the development of a brand new office block is not something that we can assist with directly.
However, we do have strong relationships with a number of major lenders and banks and can put you in touch with key decision makers that can properly assess your situation and commercial office plans.
Typically, in developing an entire commercial building, the funding would be sourced from multiple lenders, including those in the private space.
Basically, each funder would take on a share of the loan. With a strong case, it may be possible but this is really only for sophisticated investors.
Get the experts on your side!
Speak with an expert in commercial office loans. We understand commercial finance and can find you a lender that's right for your commercial investment needs.
Call 1300 889 743 or complete our free assessment form today.
[wbcr_snippet id="75855"] ) [452] => stdClass Object ( [post_id] => 64087 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>In brief, to inspect the property for best purchasing decisions:
If you want to talk to a real estate agent for help with property inspection, call us on 1300 889 743 or fill in the free online enquiry form on our website. Our upcoming Home Buyers Institute's course will help you understand more about home buying. Look out for the launch on our website!
[sg_popup id=65221] ) [453] => stdClass Object ( [post_id] => 34946 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Call us on 1300 889 743 or complete our free assessment form today to speak with a Mad Mex franchise loan specialist.
We can help you finance a range of franchise businesses!
) [454] => stdClass Object ( [post_id] => 34257 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>As your financial and personal situation changes over time, whether it's due to having children, needing to renovate or nearing retirement, you'll need a mortgage that evolves with you.
With a good broker, you should never feel like you're in the dark. From application, pre-approval, approval-in-principle (AIP or condition approval) and settlement, they should be there with you every step of the way and beyond.
If you would like to speak to one of our senior mortgage brokers for a free, no obligation, simply call us on 1300 889 743 or complete our online enquiry form today.
) [455] => stdClass Object ( [post_id] => 35965 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>
Please call us on 1300 889 743 or complete our free assessment form to discover if you qualify for a turf farm loan.
[wbcr_snippet id="75878"] ) [456] => stdClass Object ( [post_id] => 76998 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>
Purchasing a property in NSW can be an overwhelming experience, but it doesn't have to be! A mortgage broker can be your secret weapon to simplify the process. With a broker on your side, you'll be able to secure a mortgage that fits your budget, lifestyle and goals. Unlike going it alone, mortgage brokers can use their established relationships with lenders to negotiate better terms and rates, saving you money in the long run. So, if you're ready to take the leap and buy property in NSW, Home Loan Experts’ mortgage brokers are here to help. Call us on 1300 889 743 or enquire online today.
) [457] => stdClass Object ( [post_id] => 538 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>The interest rate for your loan is set by the lender, not by us. Due to the large number of lenders and loan products that we offer it is not possible for us to list every interest rate on our website.
Please call us on 1300 889 743 and we can provide you with an interest rate quote for your situation.
) [458] => stdClass Object ( [post_id] => 42068 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>
The regulators have affected almost every stage of the application and approval process. This has drastically slowed up the process for the banks. Where mortgage brokers really shine is the ability to speak with the key decision makers to speed things up whenever things are slowing down. We also know exactly what the banks are looking for in an application so we always ask for all of your documents upfront to avoid delays. Where appropriate, we can help you to apply with a non-bank lender that is not affected by APRA's restrictions. Please call us on 1300 889 743 for a free, no obligation assessment or, alternatively, fill in our easy online enquiry form.
) [459] => stdClass Object ( [post_id] => 81627 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Ready to experience the benefits of owning your own home? At Home Loan Experts, we're committed to making your journey to homeownership as seamless as possible. Let us simplify the home loan process for you. As experienced mortgage brokers, we shop lenders for you to find competitive rates and loan options tailored to your financial situation. Whether you're a first-time home buyer or an investor, let us do the legwork and negotiate on your behalf.
Take the first step by filling out our free online assessment form or, calling at 1300 889 743. Your path to owning a home starts here!
) [460] => stdClass Object ( [post_id] => 72846 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Home Loan Experts’ specialist mortgage brokers can help you find the perfect solution when it comes to investment properties. With our extensive experience working with investors and lenders, we can help you narrow down options based on your financial situation. We can also help you get pre-approval for an investment loan so that you don’t miss an opportunity due to a delay in finance. A reliable pre-approval can secure your home loan and the investment property you want. Speak to our award-winning mortgage brokers by calling 1300 889 743 or fill in our free assessment form and we can help you with your investment loan options today!
) [461] => stdClass Object ( [post_id] => 32405 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Discover if you qualify for a Fernwood Fitness franchise loan by calling 1300 889 743 or by completing our free assessment form today.
*Disclaimer: Home Loan Experts has no authorisation, connection or arrangement with Fernwood Fitness. This information has been provided entirely independent of Fernwood Fitness.
) [462] => stdClass Object ( [post_id] => 75785 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>
The best time to buy a home is always subjective – it depends on your circumstances. Each city will reach a low point in prices at a different time, so it’s important to watch your local market to know when it’s best to buy. Even though property prices are falling now, buying sooner is better if you can afford to do so. If you keep waiting for the right time to buy, you could:
Are you still sceptical about where the property market is heading in 2023? Home Loan Experts’ mortgage brokers will help you make the right decisions. Call us on 1300 889 743 or enquire online for free today.
) [463] => stdClass Object ( [post_id] => 15171 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>If you are a partner in one of the following firms and borrowing less than 80% of the property value then you may be eligible to provide an employment letter as proof of your income:
To find out what kind of income verification you will need, speak to one of our brokers on 1300 889 743 or enquire online.
) [464] => stdClass Object ( [post_id] => 7051 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>
Think you understand the basics of getting a home loan? If you don't, no worries! That's why were here to help. We'll take you through the process from start to finish and deal with your loan application, so you don't have to!
Take the stress out of applying and call us today on 1300 889 743 or enquire online and we will contact you to see which banks you qualify with.
) [465] => stdClass Object ( [post_id] => 32169 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Discover if you qualify for an Australia Post franchise loan!
Call 1300 889 743 or complete our free assessment form to speak with one of our franchise loan specialists!
We can negotiate a great interest rate on your behalf and push to get you the amount your need to make your business dreams a reality.
) [466] => stdClass Object ( [post_id] => 58706 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>
It depends on their lending policy. Some of the areas where lender policies can differ are:
Fitting into all the neat little boxes of lender policies is hard, so the key as always is to apply with the right lender.
This is where an experienced mortgage brokers' credit knowledge can help you get approved.
We recommend that first home buyers get their applications pre-assessed by our award-winning mortgage brokers.
You'll only be issued a pre-approval (conditional approval) subject to satisfying all key eligible criteria of both the Scheme and the lender.
To apply and reserve a place in the First Home Loan Deposit Scheme (New Homes), speak with one of our specialist mortgage brokers by giving us a call on 1300 889 743 or fill in our short online assessment form.
) [467] => stdClass Object ( [post_id] => 34845 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>
It's always better to be proactive when it comes to mortgage stress but if you've gone beyond that and have missed a mortgage repayment or two, you may be in for a bit of shock.
Certain fees may apply including:
Worst case? Your entire home loan may be withdrawn and you'll be forced to settle the full amount in cash or through the sale of the property. Enforcement costs (those pertaining to legal fees and court documents) will also apply.
When will my bank take action?
In saying that, if and when a bank will take action depends on your current Loan to Value Ratio (LVR).
If you owe more than 80% of your property, banks will generally take action as soon as you miss two repayments. Below 80% and the bank may be willing to accept three or missed payments before taking action.
Not all banks are the same though so find out what your bank's current hardship program is and what lengths they're willing to go to work with struggling customers.
Final golden tips
What not to do when you've missed repayments
Where can you find a financial counsellor?
If you're currently struggling with your mortgage repayments we can point you in the right direction in getting help.
Call us on 1300 889 743 or complete our free assessment form and tell us a little about your current situation.
) [468] => stdClass Object ( [post_id] => 6070 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>We help our customers with their first home owners grant application. Please call us on 1300 889 743 and we will assist you to complete the form, provide the correct supporting documentation as well as following up with the lender to make sure your grant is approved and paid promptly.
If you would like our help then please call us on 1300 889 743.
) [469] => stdClass Object ( [post_id] => 35478 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Call 1300 889 743 or fill in our free assessment form today.
) [470] => stdClass Object ( [post_id] => 25755 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>If you were to go to a lender directly, you'd usually have to dress to impress and be prepared to answer tough questions about your plans to buy a restaurant.
By using one of our specialist lenders you can avoid the hassle altogether because we know how to present a strong case to the right lender.
Call us on 1300 889 743 or complete our free assessment form today.
[wbcr_snippet id="75736"] ) [471] => stdClass Object ( [post_id] => 7630 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>
If you wish to apply for a loan, please enquire online or call us on 1300 889 743.
We can help you get the most competitive fixed interest rate for your advance interest loan, saving you thousands of dollars and ensuring you get some great tax deductions.
Speak to our expert team today!
) [472] => stdClass Object ( [post_id] => 75100 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Rental yield and capital growth strategies are important, and it's good to know which is better to achieve your financial goal. Navigating the property market is much easier when you have experienced mortgage brokers by your side. They will assist you in meeting your investment goals.
Feel free to contact us at 1300 889 743 or fill out our free online enquiry form today!
) [473] => stdClass Object ( [post_id] => 49968 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Whether you're tired of paying someone else's mortgage or just want a place of your own, this 100% home loan with no LMI, no deposit and no guarantor is designed to help you buy a property now.
To get started on your home buying journey, give us a call on 1300 889 743 or fill in our online assessment form today.
) [474] => stdClass Object ( [post_id] => 54605 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Here’s how we can recommend the best home loan based on your situation.
We’ll first conduct a Preliminary Credit Assessment wherein; we look at your financial situation; and your objectives and product requirements for seeking credit.
Finally, based on our discussions and the lenders you qualify with, we’ll make our recommendations that best match your needs and requirements. Please be aware that it is not always possible to recommend a product that satisfies all of your objectives; the product selected will be the closest match to your requirements.
As a mortgage broker, we act in your best interests when recommending a home loan, whereas a lender has no legal obligation to do so.
Please enquire with us today by calling us on 1300 889 743 or by filling out our short assessment form to speak with one of our specialist mortgage brokers.
) [475] => stdClass Object ( [post_id] => 1075 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Our mortgage broker brokers are experts in no deposit home loans and we know which lenders can accept a gifted deposit in lieu of genuine savings.
Please call us on 1300 889 743 or complete our free assessment form to speak to one of our experienced staff.
[sg_popup id=81314] ) [476] => stdClass Object ( [post_id] => 1075 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>
Our mortgage broker brokers are experts in no deposit home loans and we know which lenders can accept a gifted deposit in lieu of genuine savings.
Please call us on 1300 889 743 or complete our free assessment form to speak to one of our experienced staff.
[sg_popup id=81314] ) [477] => stdClass Object ( [post_id] => 84407 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>
Our mortgage insurance calculator is updated regularly.
However, there are other factors the LMI calculator cannot consider.
Some lenders have different sets of LMI premiums depending on the nature of your application or they may have premium loadings for particular loan purposes.
For an exact quote, please contact one of our mortgage brokers by calling 1300 889 743.
Our LMI calculator asks for more information than other calculators you may find online.
In this way, it can give a more accurate result by:
If you're ready to apply for a home loan, please call us on 1300 889 743 or enquire online.
A Home Loan Experts mortgage broker will give you a call to discuss the cheapest LMI premiums available for your situation.
) [478] => stdClass Object ( [post_id] => 66218 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] => A credit score helps a lender determine the risk level of the borrower. Once you know what does and doesn’t affect your credit score, you can work towards maintaining or improving it. At Home Loan Experts, we are not just mortgage brokers, we are credit experts. We have helped thousands of home buyers with bad credit get approved for a home loan. Call us today on 1300 889 743 or complete our free assessment form. ) [479] => stdClass Object ( [post_id] => 66218 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] => A credit score helps a lender determine the risk level of the borrower. Once you know what does and doesn’t affect your credit score, you can work towards maintaining or improving it. At Home Loan Experts, we are not just mortgage brokers, we are credit experts. We have helped thousands of home buyers with bad credit get approved for a home loan. Call us today on 1300 889 743 or complete our free assessment form. ) [480] => stdClass Object ( [post_id] => 334 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>If you are living overseas or if you have already migrated to Australia, we can help! The process of applying for a loan and buying real estate in another country can be quite confusing.
Our experienced mortgage brokers can help to guide you through the process and can quickly work out which banks can offer you the best interest rate, terms, and conditions.
To find out how we can help you, please enquire online or call us on 1300 889 743 (+61 2 9194 1700 for callers outside Australia).
[wbcr_snippet id="74939"] ) [481] => stdClass Object ( [post_id] => 29638 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>As an Australian living in Hong Kong, find out if you qualify for a home loan!
Our mortgage brokers specialise in helping expats buy property in Australia, and in most cases, our services are completely free.
You can speak with one of our experienced mortgage brokers by calling 1300 889 743 (+61 2 9194 1700 if you're overseas) or complete our free online assessment form and find out how we can help you.
) [482] => stdClass Object ( [post_id] => 58351 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>We’ve helped thousands of first home buyers apply for the FHOG, get approved for a home loan and buy their first home.
Whether you’re buying new or building, talk to one of our specialist mortgage brokers by giving us a call on 1300 889 743 or by filling in our online assessment form to get started on purchasing your first home.
) [483] => stdClass Object ( [post_id] => 70598 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Labour’s Help To Buy Scheme and Liberal’s First Home Guarantee offer different benefits and price caps for home buyers. Whichever scheme goes into effect, our mortgage brokers can help you get approved for a home loan. Call us on 1300 889 743 or complete our free assessment form.
) [484] => stdClass Object ( [post_id] => 7339 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Yes, you will be required to provide a 5% deposit.
In some cases you may be required to provide genuine savings as a deposit. This policy will apply if your partner is on a 457 working visa.
Some banks are more flexible and may allow you to fund the deposit through a gift or government grant.
Speak to our mortgage brokers on 1300 889 743 or enquire online to find out whether you will need a genuinely saved deposit.
If you don’t have a deposit you should consider applying for a guarantor loan. That way you can borrow 100% of the purchase price.
You will also need additional funds to cover stamp duty and any legal or conveyancing costs that may be applicable.
) [485] => stdClass Object ( [post_id] => 94292 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] => As mortgage brokers, we can:As a first time home buyer, you’re probably making the biggest purchase of your life. That is why you need the help of professionals. Specifically, you need five people on your team: the mortgage broker, the lender, the conveyancer, the buyer’s agent and the building inspector. Home Loan Experts can make sure you have this team at your disposal and help even first home buyers avoid the pitfalls of the home buying journey like a pro. You can get a free assessment by enquiring online or calling Home Loan Experts at 1300 889 743. To make your first home purchase the right home purchase, enrol in our free online Home Buyers Course. Among many things, you’ll learn how to maximise your borrowing power, get the best deal on your home loan and make an offer that vendors will accept. We recommend that you seek independent financial advice before borrowing money to invest.
) [488] => stdClass Object ( [post_id] => 54253 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>If you'd like to review your home loan to find out how you may be able to reduce your mortgage repayments or save on interest by refinancing to a lower rate, talk to one of our specialist mortgage brokers.
Call us on 1300 889 743 or fill in our short assessment form to go over your options.
) [489] => stdClass Object ( [post_id] => 59304 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>Speeding up your loan process when you need to meet a cut-off date can be extremely exhausting. The technicalities involved may be overbearing for people unfamiliar with the mortgage industry.
Our expert mortgage brokers can help you get through your settlement before Christmas. And if you have trouble deciding on your application process, they can help you with it too!
Just call us on 1300 889 743 or fill in our free online assessment form to discuss viable solutions.
) [490] => stdClass Object ( [post_id] => 71815 [meta_key] => add_site_layouts_13_post_editor_option [meta_value] =>New borrowers and current homeowners should take the help of one of our expert mortgage brokers when navigating the rising rate environment. For new potential homebuyers, a mortgage broker will work out your borrowing power and help get your home loan approved. For existing homeowners, our brokers will compare lenders and negotiate to make sure you have the best deal you can get.
We’re here to help. Call us on 1300 889 743 or enquire online.
) [491] => stdClass Object ( [post_id] => 1633 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Vendor finance, wrap strategies and rent to buy schemes have become increasingly popular in recent years, particularly with investors that follow Steve McKnight or other popular property investment writers.
One of the biggest problems that these investors have is that as their portfolio grows, banks begin to say that these investors cannot afford their level of debt, even though in actuality most of the properties are positively geared!
This problem stems from the way lenders assess loans. For more information or to apply for a mortgage, please contact us on 1300 889 743 or complete our free assessment form today!
) [492] => stdClass Object ( [post_id] => 70134 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>
A combination of the methods above will help you finance multiple investment properties so you can build a property portfolio.
Discuss these options with a mortgage broker today! Call us on 1300 889 743 or complete our free online assessment form.
) [493] => stdClass Object ( [post_id] => 79181 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Working with an experienced mortgage broker, like those at Home Loan Experts, can help you navigate your fixed-rate ending. At Home Loan Experts, our dedicated team will support you throughout the entire process, ensuring that you secure the most favourable interest rates that align with your specific financial circumstances. Call us on 1300 889 743 or enquire online for free today.
) [494] => stdClass Object ( [post_id] => 79881 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Now that you've uncovered the potential for stamp-duty exemptions and concessions, it's time to take the next step towards your dream home. Our team at Home Loan Experts will guide you through the process, offering expert advice and personalised solutions, because we care about making your homeownership dream a reality. Take advantage of the opportunity to save on stamp duty and secure the best financing options. Contact us today at 1300 889 743 or complete our free online assessment form.
) [495] => stdClass Object ( [post_id] => 46847 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Have a handover period when you purchase the funeral parlour from the previous leaseholder.
If you’re purchasing the leasehold from the landlord, ask them for advice.
In most circumstances, they’ll offer help because they too want you to be successful.
You might want to also consider becoming a member of the ADFA, a professional body that represents funeral home professionals and suppliers.
They can provide all of the education and support you’ll need to run your commercial investment.
Similarly, Colliers International are business brokers with exceptional experience when it comes to buying and selling funeral homes.
Need a funeral parlour commercial loan?
Call us on 1300 889 743 or complete our free assessment form to discover if you qualify.
[wbcr_snippet id="75876"] ) [496] => stdClass Object ( [post_id] => 66218 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>A credit score helps a lender determine the risk level of the borrower. Once you know what does and doesn’t affect your credit score, you can work towards maintaining or improving it.
At Home Loan Experts, we are not just mortgage brokers, we are credit experts. We have helped thousands of home buyers with bad credit get approved for a home loan. Call us today on 1300 889 743 or complete our free assessment form.
) [497] => stdClass Object ( [post_id] => 54140 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Our mortgage brokers are up-to-date with the lending criteria of over 40 lenders.
They know how banks will assess your income because of the changes in lending policy due to COVID-19.
Call us today on 1300 889 743 or get a free assessment.
Who receives the JobKeeper payment?
The payment is made to your employer and they then pay you your salary, or reduced salary, as per normal.
You do not receive the JobKeeper payment as an employee.
) [498] => stdClass Object ( [post_id] => 7916 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Ready to make the change from variable to fixed interest rates? Contact us on 1300 889 743 or enquire online and our mortgage brokers will call you to discuss your situation.
Enjoy financial stability and the knowledge that your repayments will always remain the same, regardless of fluctuating market rates.
Speak to an expert today to arrange your new fixed rate interest loan!
) [499] => stdClass Object ( [post_id] => 44403 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Whether you need a lender who will accept your income from renting out your property to short-stay tenants, or home loan to buy an Airbnb investment property, get in touch.
Call us on 1300 889 743 or fill in our online enquiry form to discover if you qualify for a home loan.
[sg_popup id=65221] [wbcr_snippet id="73344"] ) [500] => stdClass Object ( [post_id] => 9464 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Looking to purchase your own Australian property? We specialise in helping temporary residents, foreign citizens, and Australian expatriates. Contact us today on 1300 889 743 (When outside Australia call +61 2 9194 1700), or enquire online.
[wbcr_snippet id="74989"] ) [501] => stdClass Object ( [post_id] => 31486 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] => h3>Your exit strategy
Are you planning on keeping one of the properties?
Once the development is complete, you may decide that you want to hold on to one of the premises as an investment property.
If there is enough profit from selling the other one or two properties, you may be able to buy the property without the need for a home loan.
If there aren't enough funds, your mortgage broker can help you refinance the property to an investment loan so you can pay out the development loan.
Also, check out the 'Building and construction - residential premises' page on the Australian Taxation Office (ATO) website for information regarding tax implications when selling a property in a multi-dwelling development.
For example, you're liable for the Goods and Services Tax (GST) when selling one of your units and dwelling but you calculate the GST owed using the margin scheme and save on this tax cost.
You should seek tax advice from your accountant and financial advice from a financial professional to ensure you're making an investment decision that works best for your financial situation.
Do you need a residential development loan?
Call us on 1300 889 743 or complete our free assessment form and we can let you know if you can get approved for a residential development loan!
[wbcr_snippet id="75457"] ) [502] => stdClass Object ( [post_id] => 49438 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Generally speaking, a home loan redraw facility is an excellent savings tool for borrowers willing to put additional repayments into their home loan.
However, different home loans have their own features, so when choosing a home loan, you should speak with one of our specialist mortgage brokers to get the loan that best suits your needs.
Please give us a call on 1300 889 743 or fill in our online assessment form today to discuss your needs.
[sg_popup id=65221] ) [503] => stdClass Object ( [post_id] => 65560 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>The mortgage relief options available if you're affected by the lockdown in NSW include:
CBA announced an extension of the moratorium on foreclosures for owner-occupiers to 22 February 2022.
If you are going through financial hardship due to the lockdown, immediately contact your lender or mortgage broker.
Also, consider these options if you're affected by the lockdown:
Remember that lockdown restrictions and available relief change regularly. Please consult the relevant websites for up-to-date information.
At Home Loan Experts, we can discuss each option and suggest the right one for your situation. Call us today at 1300 889 743 or fill in our free assessment form.
) [504] => stdClass Object ( [post_id] => 3646 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Maximum LVRs
The "Loan to Value Ratio" (LVR) is one of the major indicators of risk and a primary consideration that banks take into account.
The LVR is the loan amount as a percentage of the property valuation.
The maximum LVRs referred to in this policy are considered to be the preferred LVRs for many lenders.
LVRs may vary by product, loan purpose and security location.
They can also depending on the credit officer's discretion:
It should be noted that the lender may choose to limit the LVR of the loan based on the strength of application and the loan type.
The maximum base LVR is 95%, or up to 97% including capitalised LMI.
Keep in mind that some lenders allow LMI to be capitalised above 97% LVR.
The only exception to this is when you're using a guarantor.
You're entitled to borrow 100% LVR when using your parents property as additional security for the loan.
Maximum loan amounts
Lenders have preferred maximum loan amounts for certain types of borrowers.
Loan amount limits apply on a “per security” basis and vary based on loan product, loan purpose or security location.
It should be noted that the lender can choose to limit the proposed loan amount for loans that pose a higher risk.
Exposure limits
The maximum exposure (total loans to one borrower or group of borrowers) preferred by lenders and mortgage insurers is $2.5 million.
Exposures above this amount may be considered on a case-by-case basis.
It should be noted that lenders and mortgage insurers are often conservative when assessing loans to borrowers with a total exposure over $1 million.
In some cases, we can get around this problem by spreading the loans between lenders to keep their exposure with any one lender or LMI provider below $1 million for as long as possible and ultimately below $2.5 million.
This allows serious property investors to grow their portfolio rapidly.
Investment loans
An investment property loan enables a borrower to purchase or construct residential real estate for investment purposes.
An investment loan may also include borrowings secured by residential property for any investment purpose, such as investing in shares.
The risk associated with investment home loans is different to that of standard home loans.
As a result, additional lending criteria will apply:
Consolidating debt
Borrowers can consolidate their debt by combining their existing unsecured debts into their home loan.
Typically, individuals add their consumer loans such as personal loans, car loans and credit cards into their home loan.
With debt consolidation, the borrower has only one monthly repayment, which in many cases, may improve their servicing and reduce their commitment level.
The risk of these applications is significantly higher than the risk posed by a standard purchase or refinance application with no cash out.
The reason for this is that borrowers with significant unsecured debts are often living outside of their means.
If their spending habits don't change, they risk being in the same situation again in as little as one year after debt consolidation.
As a result of the higher risk, additional approval criteria applies:
Note: This type of application is considered high risk and is not readily accepted by many lenders for loans that are >80% LVR.
Home renovation loans
Lenders can consider loan applications for a borrower wishing to renovate their home, or even knock down and rebuild. These applications are assessed in a similar way to construction loans.
The following additional approval criteria will apply:
Unacceptable loan purposes
Loans for the following loan purposes are not accepted by lenders:
Interest only loans
An interest only loan allows the borrower to pay the interest on the loan for the first few years, before reverting to a standard principal and interest loan, over the remaining loan term.
These applications pose a higher risk as the principal amount is not being reduced during the initial years of the loan, therefore the LVR remains higher than that of a principal and interest loan.
Loans with an interest only period of less than 5 years are generally accepted under standard lending policy.
Loans with an interest only period of more than 5 years are considered on a case by case basis and are limited to 90% LVR.
One of our lenders will consider interest only repayments for up to 15 years.
Lenders prefer interest only periods where the loan is being used for investment purposes.
You may be required to give an explanation where an interest only period is requested for an owner occupied loan.
Expert help with bank policy
Our mortgage brokers are specialists in the lending guidelines used by the major banks.
We know how they will assess your home loan application.
To find out how we can help you, please contact us on 1300 889 743 or complete our free assessment form to get in touch with one of our mortgage brokers.
) [505] => stdClass Object ( [post_id] => 1362 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Talk to an expert mortgage broker
Here at Home Loan Experts, we have mortgage brokers that specialise in 95% home loans.
Please fill in our free assessment form or call us on 1300 889 743 to discuss your situation with an expert to land the right home loan for you.
[wbcr_snippet id="71831"] ) [506] => stdClass Object ( [post_id] => 3912 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>If you have any questions about the process of buying a property then please ask your conveyancer as they are the experts in this area.
If you have any questions regarding how a loan process works or how long it will take to get home loan approval then please call us on 1300 889 743, fill in our free assessment form or post your question on the Disqus section below.
) [507] => stdClass Object ( [post_id] => 15171 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Did you know that we have special packages for high net worth professionals and can negotiate special discounts on your behalf?
Are you a partner in an accounting firm looking at purchasing a residential property?
Speak to a mortgage specialist on 1300 889 743 or enquire online to find out if you are eligible.
[wbcr_snippet id="71851"] [wbcr_html_snippet id="71508"] ) [508] => stdClass Object ( [post_id] => 32470 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>
We're experts in commercial property loans for non-residents!
By presenting a strong business case, you can get the same negotiated interest rates and Loan to Value Ratios (LVRs) as an Australian citizen or permanent resident.
As specialist mortgage brokers, we know exactly what banks want to see in an application.
Please call us on 1300 889 743 or fill in our online enquiry form today.
) [509] => stdClass Object ( [post_id] => 30625 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>You can get approved for a great deal by applying with the right lender. However, finding the right lender for your specific situation may be difficult.
This is where we come in. Rooted in care, we understand the importance of finding the perfect lender customised to your needs. We have relationships with almost 40 different lenders all over Australia. In most cases, we can also help negotiate a great price as well!
You can speak with one of our credit specialists by calling us on 1300 889 743 (+61 2 9194 1700 if you're overseas). You can also fill in our free online assessment form and one of us will contact you instead.
) [510] => stdClass Object ( [post_id] => 53605 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Our mortgage brokers are working from home and are available to help in anyway possible during this pandemic.
Please call us on 1300 889 743 or fill in our free assessment form; or directly email your mortgage broker.
) [511] => stdClass Object ( [post_id] => 49968 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Whether you're tired of paying someone else's mortgage or just want a place of your own, this 100% home loan with no LMI, no deposit and no guarantor is designed to help you buy a property now.
To get started on your home buying journey, give us a call on 1300 889 743 or fill in our online assessment form today.
[wbcr_snippet id="74070"] ) [512] => stdClass Object ( [post_id] => 49968 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Whether you're tired of paying someone else's mortgage or just want a place of your own, this 100% home loan with no LMI, no deposit and no guarantor is designed to help you buy a property now.
To get started on your home buying journey, give us a call on 1300 889 743 or fill in our online assessment form today.
[wbcr_snippet id="74070"] ) [513] => stdClass Object ( [post_id] => 911 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Obtaining your finance is relatively simple if you apply with a lender that commonly works with foreign investors.
You can then send us the required documents so that we can verify your income, confirm your identity and make sure that you’re eligible for a buy to let mortgage. We can then arrange the paperwork for you and seek an approval from the lender we have selected.
For most loan types, our services are free.
You can call us on 1300 889 743 (+61 2 9194 1700 from outside of Australia) or simply fill in our free assessment form and we can help you apply for a loan with an Australian bank.
) [514] => stdClass Object ( [post_id] => 60942 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>
There is so much to consider when buying your first home, which means there’s a chance you’ll miss an important step in the process.
Most first home buyers lose money because they didn't find the best deals. Some even get declined because they didn't choose the right lender.
Not everyone has the same situation, so understanding the policies provided by different lenders may not be a straightforward process . Applying with lender after lender to find out your best option will just add enquiries to your credit file, which will make it even harder for you to qualify for a loan.
Solution: Contact a mortgage broker. They have built relationships with lenders over the years and can often negotiate a sharper interest rate than if you were to go to a bank directly. They understand a lender's policies and can even get tough loans approved, which banks would typically decline.
You would not need to spend as much time (or endure as much stress) because most of the work would be done by the broker. The cherry on top is that, in most cases, the services provided by a mortgage broker are absolutely free!
Do you want the best deal for your situation without much hassle and have a specialist give you the best options available to you?
Enquire now or call us on 1300 889 743, and one of our specialist mortgage brokers will get back to you right away to help you in your first home buying journey.
) [515] => stdClass Object ( [post_id] => 30618 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Discover if you qualify for a function centre commercial loan by calling 1300 889 743 or by completing our free assessment form to discuss your situation with a mortgage broker today.
) [516] => stdClass Object ( [post_id] => 76571 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>As of June 30, 2024, the NSW Shared Equity Home Buyer Helper is no longer accepting applications. Consider exploring other low-deposit home loan options.
We’re here to help. Call us on 1300 889 743 or enquire online for free today.
) [517] => stdClass Object ( [post_id] => 7339 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>It may be possible for you to purchase property with your partner, even though you are not yet married.
It all depends on their current visa status. If they are on a Prospective Marriage Visa (subclass 300) and are being sponsored by you (an Australian permanent resident or Australian citizen), it may be possible to buy a home together.
However, if you are not yet on a partner visa, then it may be best to buy solely in your own name. Please call our mortgage brokers on 1300 889 743 or enquire online and we will let you know if your fiancé is eligible.
) [518] => stdClass Object ( [post_id] => 33414 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Our mortgage brokers specialise in fixed-rate investment loans. We know the policies of many prime and non-bank lenders all over Australia and can help you select the right lender for your situation.
Call us on 1300 889 743 to speak with one of our credit specialists or enquire online for a quote on several fixed-rate investment loans within 24 hours.
) [519] => stdClass Object ( [post_id] => 1485 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>
Here at Home Loan Experts, our mortgage brokers have extensive knowledge of the guidelines used by Australian lenders.
Please fill in our free assessment form or call us on 1300 889 743 to discuss your situation with a mortgage broker who can quickly find you a lender that will accept your loan while you're on maternity leave or while you're pregnant.
[wbcr_snippet id="74650"] ) [520] => stdClass Object ( [post_id] => 37632 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>The First Home Super Saver Scheme (FHSSS) can be a beneficial program for Australians looking to save for their first home. By making voluntary contributions to their super, individuals can take advantage of the concessional tax treatments and save for a deposit faster.
However, there are both pros and cons to consider. There are restrictions on contribution and withdrawal limits, and it can be a complex process to navigate.
It's essential to carefully weigh the potential benefits against the limitations and seek professional advice to determine if the FHSSS is the right option for your financial situation. The mortgage experts are here to help. Call us on 1300 889 743 or enquire online today.
[wbcr_snippet id="73247"] ) [521] => stdClass Object ( [post_id] => 1357 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] => To get approved with a lender that doesn’t require genuine savings, certain restrictions may apply. As a general rule:) [522] => stdClass Object ( [post_id] => 21031 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>
If you don't want to dip into your savings and require a deposit bond to secure a time sensitive purchase, we can help. We can lodge a deposit bond application for you when you're applying for a home loan. Call us on 1300 889 743 or complete our free no-obligation assessment form.
) [523] => stdClass Object ( [post_id] => 59304 [meta_key] => add_site_layouts_14_post_editor_option [meta_value] =>Speeding up your loan process when you need to meet a cut-off date can be extremely exhausting. The technicalities involved may be overbearing for people unfamiliar with the mortgage industry.
Our expert mortgage brokers can help you get through your settlement before Christmas. And if you have trouble deciding on your application process, they can help you with it too!
Just call us on 1300 889 743 or fill in our free online assessment form to discuss viable solutions.
) [524] => stdClass Object ( [post_id] => 84776 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>Apply for a loan in a trust
Borrowing with a trust is possible!
At Home Loan Experts, we assist you in making sure all aspects of your trust loan are perfect for maximum returns on your investments.
We know how a trust works and which lenders accept which kinds of trusts.
Please fill in our free assessment form or contact us on 1300 889 743 to speak to a mortgage broker who specialises in helping people to borrow money for their trust.
) [525] => stdClass Object ( [post_id] => 940 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>
Borrowing with a trust is possible!
At Home Loan Experts, we assist you in making sure all aspects of your trust loan are perfect for maximum returns on your investments.
We know how a trust works and which lenders accept which kinds of trusts.
Please fill in our free assessment form or contact us on 1300 889 743 to speak to a mortgage broker who specialises in helping people to borrow money for their trust.
) [526] => stdClass Object ( [post_id] => 1555 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>You can avoid the cost of LMI by saving up a 20% deposit in genuine savings.
However, depending on the purchase price of the price, this can be a huge challenge for most people.
The next best thing is to ask your parents or a close relative to act as a guarantor for your mortgage.
In this way you save on the costs of LMI and borrow up to 110% of the property value including the costs of completion.
Call us on 1300 889 743 or complete our free assessment form to find out more about this no deposit option.
) [527] => stdClass Object ( [post_id] => 30519 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>
Child care centre commercial loans are offered by some Australian lenders and they're willing to offer great interest rates and terms just to get your business.
The trick is having a specialist mortgage broker to guide you along the way to find a loan that works for you.
With almost 40 lenders to choose from, Home Loan Experts has strong relationships to give you an excellent chance of getting approved the first time around.
Call us on 1300 889 743 or complete our free assessment form to speak with a mortgage broker today!
) [528] => stdClass Object ( [post_id] => 918 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>We are mortgage brokers who specialise in NZ citizen home loans and are passionate about guiding you through the Australian mortgage process with ease.
We know which banks can accept your application and which offer the best interest rates for non-residents.
If you would like to buy a property in Australia, please call us on +61 2 9194 1700, if you’re overseas, or at 1300 889 743 if you’re in Australia.
You can also complete our free assessment form wherever you are in the world, and one of our specialist brokers will get back to you.
) [529] => stdClass Object ( [post_id] => 946 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>We are specialist mortgage brokers with in depth knowledge of unit trusts.
We know which lenders may approve your loan. We can even help with low doc unit trust loans in some situations!
Our team can perform a comprehensive analysis of the various banks guidelines to determine which banks will accept your loan.
Please contact us on 1300 889 743 or enquire online and one of our brokers will give you a call to discuss your situation.
) [530] => stdClass Object ( [post_id] => 12983 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>Talk to one of our specialist mortgage brokers who can help you refinance your tax debt into your mortgage at a lower interest rate.
Call us on 1300 889 743 or fill in our short assessment form. Let us do the work for you!
[wbcr_snippet id="73717"] ) [531] => stdClass Object ( [post_id] => 54140 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>Our mortgage brokers are up-to-date with the lending criteria of over 40 lenders.
They know how banks will assess your income because of the changes in lending policy due to COVID-19.
Call us today on 1300 889 743 or get a free assessment.
Who receives the JobKeeper payment?
The payment is made to your employer and they then pay you your salary, or reduced salary, as per normal.
You do not receive the JobKeeper payment as an employee.
) [532] => stdClass Object ( [post_id] => 67360 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>You can use the cycle to analyse where property is now and determine if there’s going to be an upswing or downturn.
For property investors
For home buyers
Each suburb goes through the real-estate cycle on its own timetable, with its own demographics, property types and prices. This is why, when you are considering purchasing within a particular suburb, it’s important to know what stage of the property cycle surrounding suburbs are in as well.
At Home Loan Experts, our mortgage brokers are seasoned investors. We know how to navigate the property cycle to determine the best time to invest and the best time to sell. Call us on 1300 889 743 or complete our free assessment form.
) [533] => stdClass Object ( [post_id] => 52954 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>Auctions can intimidate even seasoned property investors, let alone first home buyers. But if you’ve made up your mind about buying your first home at an auction, you would want to secure a reliable pre-approval from one of the major lenders.
Your pre-approval is your lender informally telling you how much money you can afford to borrow based on your situation. Trying to buy a property without a pre-approval, particularly at an auction, can be a major financial misstep that may ruin your future.
That’s where our specialist mortgage brokers come in with their years of experience and strong bargaining power. They know which lenders will best suit your situation and mortgage requirements. To speak with one of our senior mortgage brokers, give us a call on 1300 889 743 or simply fill in our free online assessment form today.
) [534] => stdClass Object ( [post_id] => 428 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>Here are some golden tips:
Need an off the plan home loan?
Please call us on 1300 889 743 or fill in our free assessment form and one of our mortgage brokers will help you to choose a suitable lender and loan product.
[wbcr_snippet id="73341"] ) [535] => stdClass Object ( [post_id] => 65560 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>Strict stay-at-home orders are in effect in Greater Sydney, which means open homes and in-person auctions cannot be conducted.
You can opt for these property inspection options instead, if you're looking at properties in NSW:
Are you looking for home loan or mortgage relief options during the lockdown? As an online mortgage broker, Home Loan Experts can help you during the lockdown. Call us on 1300 889 743 or complete our free online assessment form
) [536] => stdClass Object ( [post_id] => 20371 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>Warning: The rates above are examples only. Rates are subject to a full credit assessment and based on the overall strength of your application. Apart from the rate, there can be significant differences in the fees charged by lenders which can affect the final pricing of your commercial loan.
Please call us to discuss your situation so we can build a strong application and negotiate competitive rates on your behalf.
What is a bank bill loan?
BBSY loans are funded using the bank's cost of funds as a reference rate. This is the Bank Bill Swap rate (BBSW) plus 0.05%. The bank then adds a customer margin for the risk of your loan so they make a profit.
When the 30, 90 or 180-day term comes to an end, your loan is rolled over at the new BBSY interest rate for that term plus your customer margin. In effect, this is a variable rate loan where the interest rate changes every few months.
This type of loan is typically available for loan sizes over $2,000,000 but it is more common for loans over $5,000,000 as it is often lower than a standard business loan.
How is the customer margin calculated?
Your customer margin is calculated based on the overall risk of your application.
This includes your security, ability to pay the loan, equity position and anything else that is a risk to a bank. The higher the risk, the higher your margin. We've assumed you have a low risk loan in the above quoted interest rates.
Each bank may calculate your customer margin in a different way! This is where we can help to negotiate the lowest possible interest rate.
Please call us on 1300 889 743 or enquire online and one of our commercial mortgage brokers will get back to you with some options.
[wbcr_snippet id="75449"] ) [537] => stdClass Object ( [post_id] => 68952 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] => Looking to buy your first home or investment property. Our mortgage brokers can help. Call us on 1300 889 743 or enquire online today.) [538] => stdClass Object ( [post_id] => 27508 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>
Call 1300 889 743 or complete our free assessment form to speak with a one of our specialist commercial mortgage brokers today.
We’re experts at factory loans!
[wbcr_snippet id="75594"] ) [539] => stdClass Object ( [post_id] => 53486 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>
Our award-winning mortgage brokers are here to help you through the home buying process and help you get approved even during the pandemic.
They are safely working from home and are happy to answer your questions. Call us on 1300 889 743 or enquire online.
) [540] => stdClass Object ( [post_id] => 13678 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>As mortgage brokers, we don't like seeing our customers' applications assessed by a computer. However, the unfortunate truth about credit scoring is that it's incredibly accurate at predicting how likely a customer is to default on their home loan.
That is why lenders are hesitant to make an exception and override a decision made by their system.
The great news is that not every lender uses credit scoring!
If you need help to apply with a lender that can accept your situation based on its merits then please call us on 1300 889 743 or enquire online and one of our mortgage brokers will give you a call to discuss your options.
[wbcr_snippet id="75435"] ) [541] => stdClass Object ( [post_id] => 52889 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>Get expert help when buying your first home
It’s understandable that as a first home buyer, you’ll get anxious and excited when settlement day draws near.
However, you do not need to worry, as you’ll have a team of experts to help you along the way.
Our award-winning mortgage brokers are here to help you in every step of the way during your first home buying process. Call us on 1300 889 743 or get a free assessment online.
[sg_popup id=57745] [wbcr_snippet id="75005"] ) [542] => stdClass Object ( [post_id] => 382 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>This home loan is for:
If this sounds like your employment situation, please fill in our free assessment form or call us on 1300 889 743 to speak to a specialist mortgage broker.
) [543] => stdClass Object ( [post_id] => 9721 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>
Our mortgage brokers can help you figure out how much you need put towards a home deposit and whether you will satisfy the genuine savings requirement. Please call us on 1300 889 743 or enquire online and one of our mortgage brokers will contact you discuss your situation.
) [544] => stdClass Object ( [post_id] => 57175 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] => Our award-winning mortgage brokers can assess your situation and work out if you have a large enough deposit to buy a home. They can also clarify any questions you may have about the cost of stamp duty, transfer fees or first home owners grants. Speak to one of our specialist mortgage brokers by calling us on 1300 889 743 or fill in our online assessment form to find out if you’re ready to buy. ) [545] => stdClass Object ( [post_id] => 33674 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>Please note that this is a complex topic, and it's important that you seek advice from the appropriate professional before making any decisions on your structure.
Is your partner an Australian citizen?
If your partner is an Aussie citizen or a permanent resident visa holder, you may be able to buy the property in their name and have the mortgage in both names.
In some cases, this may also allow you to avoid the requirement to get Foreign Investment Review Board (FIRB) approval.
This arrangement works well if you're living in Australia, but not so well if you're living overseas.
The reason is that lenders generally only accept this structure for high-net-worth borrowers.
Ultimately, if you buy in joint names, you'd only pay foreign citizen stamp duty on the portion that the non-Australian owns.
Our non-resident lending team can let you know if a lender will allow you to buy with this structure. Please call them on 1300 889 743 or +61 2 9194 1700 from outside Australia, or lodge an online enquiry.
Consider buying land and then building
You only pay stamp duty on the value of the land, not on the cost of construction.
This significantly reduces your liability.
Few lenders offer construction loans to foreign citizens living overseas, but building loans are available to foreign citizens living in Australia with a temporary residency visa.
If you need assistance with obtaining a mortgage, you can contact our non-resident lending team at 1300 889 743 or +61 2 9194 1700 from outside Australia, or lodge an online enquiry.
Buy in Northern Territory
As mentioned previously, not all states apply a foreign citizen surcharge on stamp duty and land tax.
To avoid these surcharges, you may consider buying in the ACT before they take effect, or you can buy in the NT where surcharges do not currently apply.
No matter when you decide to purchase property in Australia, you'll still need to get FIRB approval, but this is usually not a major cost or hassle.
If you're considering buying in a state that you're not familiar with, we can put you in touch with a buyers agent.
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Most lenders will ignore the income of your partner if they are not an Australian citizen or Australian permanent resident (PR) holder.
However, this is a very grey area of policy and we have many clients that we have helped to get approved by making a case.
What is seen favourably?
It's best to call us to discuss your situation and what you can show to help us make a case.
Call 1300 889 743 or complete our free assessment form today.
) [547] => stdClass Object ( [post_id] => 31725 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>Our mortgage brokers are non-resident commercial loan specialists with relationships with almost 40 different major banks and lenders.
We know the credit policies to match you with a lender that best suits your commercial investment and business needs.
We also know the key decision makers in the credit departments so we have a much better chance of getting tough loans approved.
Discover if you qualify for a non-resident commercial loan.
Call us on 1300 889 743 (+61 2 9194 1700 if you're calling from outside of Australia) or complete our free assessment form today.
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Our mortgage brokers specialise in fixed-rate investment loans. We know the policies of many prime and non-bank lenders all over Australia and can help you select the right lender for your situation.
Call us on 1300 889 743 to speak with one of our credit specialists or enquire online for a quote on several fixed-rate investment loans within 24 hours.
) [549] => stdClass Object ( [post_id] => 1357 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] => To get approved with a lender that doesn’t require genuine savings, certain restrictions may apply. As a general rule:
) [550] => stdClass Object ( [post_id] => 48323 [meta_key] => add_site_layouts_15_post_editor_option [meta_value] =>
Don't let saving for a 20% deposit delay your dream of home ownership. The First Home Guarantee offers a path forward. Call us at 1300 889 743 to speak to our mortgage experts and see if you can qualify to buy sooner with a smaller deposit. You can also complete our free online assessment form, and we’ll contact you shortly. We truly care about your success and want to use our expertise to help you achieve your dream of owning a home. Let's start your home ownership journey today!
) [551] => stdClass Object ( [post_id] => 1075 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] =>Our mortgage broker brokers are experts in no deposit home loans and we know which lenders can accept a gifted deposit in lieu of genuine savings.
Please call us on 1300 889 743 or complete our free assessment form to speak to one of our experienced staff.
) [552] => stdClass Object ( [post_id] => 37652 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] =>Do Banks Have Preferred Builders?
Your builder needs to be licenced and registered with your state's relevant Master Builders Association. Other than that, banks don't have preferred builders. However, they have been known to ban dodgy builders in the past. So it's important to do your due diligence and check that they're licensed. Below are developers that banks deal with on a regular basis:How To Choose A Builder For Your House And Land Package
When choosing a builder:Golden Tips
Apply For A House And Land Package Loan
Our mortgage brokers are experienced with house and land package loans. Discover if you qualify for a house and land package or a turnkey loan. Call us on 1300 889 743 or complete our free assessment form today. ) [553] => stdClass Object ( [post_id] => 8122 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] => If you want an outstanding home loan with the best rates on the market, get a fast refi loan today! You can save thousands in interest by switching to a lender offering a more competitive loan package.Call us on 1300 889 743 or enquire online to apply for your fast refinance home loan today!
) [554] => stdClass Object ( [post_id] => 27380 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] =>Our mortgage brokers are gifted deposit home loan specialists and they understand the lending policy regarding gifted deposits.
You can avoid getting knocked back by the wrong lenders time and time again!
Please call us at 1300 889 743 or fill in our free online assessment form to find out how we can help you qualify for a gifted deposit home loan.
Keep in mind, if a gifted deposit doesn’t work for your situation and needs, there are other no deposit home loan options available.
[sg_popup id=65221] [wbcr_snippet id="73243"] ) [555] => stdClass Object ( [post_id] => 53605 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] =>Our mortgage brokers are working from home and are available to help in anyway possible during this pandemic.
Please call us on 1300 889 743 or fill in our free assessment form; or directly email your mortgage broker.
) [556] => stdClass Object ( [post_id] => 940 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] =>Borrowing with a trust is possible!
At Home Loan Experts, we assist you in making sure all aspects of your trust loan are perfect for maximum returns on your investments.
We know how a trust works and which lenders accept which kinds of trusts.
Please fill in our free assessment form or contact us on 1300 889 743 to speak to a mortgage broker who specialises in helping people to borrow money for their trust.
) [557] => stdClass Object ( [post_id] => 35986 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] =>
Read this information sheet for more details on the scheme.
If you need a home loan or a construction loan, please call us on 1300 889 743 or complete our free assessment form to speak with one of our mortgage brokers.
[wbcr_snippet id="73653"] ) [558] => stdClass Object ( [post_id] => 19347 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] =>Our mortgage brokers are specialists in financing B&Bs so please call us on 1300 889 743 or complete our free online assessment form today!
We know which lenders will view your new business in a favourable way and which ones will give competitive interest rate discounts!
[sg_popup id=65221] [wbcr_snippet id="73540"] ) [559] => stdClass Object ( [post_id] => 52954 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] =>
Auctions can intimidate even seasoned property investors, let alone first home buyers. But if you’ve made up your mind about buying your first home at an auction, you would want to secure a reliable pre-approval from one of the major lenders.
Your pre-approval is your lender informally telling you how much money you can afford to borrow based on your situation. Trying to buy a property without a pre-approval, particularly at an auction, can be a major financial misstep that may ruin your future.
That’s where our specialist mortgage brokers come in with their years of experience and strong bargaining power. They know which lenders will best suit your situation and mortgage requirements. To speak with one of our senior mortgage brokers, give us a call on 1300 889 743 or simply fill in our free online assessment form today.
) [560] => stdClass Object ( [post_id] => 23814 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] => Don’t go it alone! With expert advice from a solicitor, a real estate agent and a mortgage broker you can ensure that you’re getting the right advice. If you think you’ve found the right property, please call us on 1300 889 743 or complete our free assessment form. One of our experienced brokers can assess the property (along with the rest of your situation) and let you know if you can get approved for a home loan. Usually it’s just a matter of going with the right bank. We can also recommend a number of qualified conveyancers qualified to operate under the Conveyancing Act, such as Boyd Conveyancing Services . These property law experts can sit down with you and make sure there’s nothing in the Contract of Sale, the land title or anything else about the property that may come back to bite you in the future. Knowledge is power!) [561] => stdClass Object ( [post_id] => 64274 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] => There are many ways you can increase your chances of getting approved for a home loan:
At Home Loan Experts, we have 50+ lenders who can cater to your circumstances. Our mortgage brokers are credit experts who can build a strong application and get you approved for a home loan. Call us on 1300 889 743 or enquire online today.
) [562] => stdClass Object ( [post_id] => 60586 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] => Want us to elaborate further on the home loan FAQs answered above? Want to reach out to our customer relationship team for post-settlement assistance of any sort? Please give us a call on 1300 889 743 or fill in our online assessment form today to discuss your needs. ) [563] => stdClass Object ( [post_id] => 75785 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] =>The best time to buy a home is always subjective – it depends on your circumstances. Each city will reach a low point in prices at a different time, so it’s important to watch your local market to know when it’s best to buy. Even though property prices are falling now, buying sooner is better if you can afford to do so. If you keep waiting for the right time to buy, you could:
Are you still sceptical about where the property market is heading in 2023? Home Loan Experts’ mortgage brokers will help you make the right decisions. Call us on 1300 889 743 or enquire online for free today.
) [564] => stdClass Object ( [post_id] => 55375 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] =>We're here to help! Please talk with one of our specialist mortgage brokers, who’ll guide you through the process of refinancing and help you make an informed decision.
Call us on 1300 889 743 or fill in our online assessment form to get started.
[wbcr_snippet id="71984"] ) [565] => stdClass Object ( [post_id] => 48323 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] =>Don't let saving for a 20% deposit delay your dream of home ownership. The First Home Guarantee offers a path forward. Call us at 1300 889 743 to speak to our mortgage experts and see if you can qualify to buy sooner with a smaller deposit. You can also complete our free online assessment form, and we’ll contact you shortly. We truly care about your success and want to use our expertise to help you achieve your dream of owning a home. Let's start your home ownership journey today!
) [566] => stdClass Object ( [post_id] => 53958 [meta_key] => add_site_layouts_16_post_editor_option [meta_value] => If not, you most likely are overpaying on your mortgage. With mortgage interest rates at historic lows, and with lenders offering refinance cashback as much as $4,000, now may be the perfect time to refinance your mortgage, and save thousands of dollars. To find out how much you can save with a refinance, speak with one of our specialist mortgage brokers by giving us a call on 1300 889 743 by filling in our short assessment form. ) [567] => stdClass Object ( [post_id] => 740 [meta_key] => add_site_layouts_17_post_editor_option [meta_value] =>We are mortgage brokers that specialise in financing the purchase of Australian real estate by foreigners, Australians living abroad or people temporarily residing in Australia.
Please call us on 1300 889 743 or (+61 2 9194 1700 if you are overseas) or fill in our free assessment form and we can contact you via email or phone to discuss your finance options.
[wbcr_snippet id="74924"] ) [568] => stdClass Object ( [post_id] => 77353 [meta_key] => add_site_layouts_17_post_editor_option [meta_value] => The rewards of finding a cashflow positive property are significant, and with the help of a mortgage broker, you'll be one step closer to achieving your property investment dreams. Our Home Loan Experts are here to help you make an informed decision and secure a mortgage that suits your unique financial situation. Feel free to discuss your goals with our mortgage brokers. Call us on 1300 889 743 or fill in our free online assessment form today! ) [569] => stdClass Object ( [post_id] => 940 [meta_key] => add_site_layouts_17_post_editor_option [meta_value] =>Borrowing with a trust is possible!
At Home Loan Experts, we assist you in making sure all aspects of your trust loan are perfect for maximum returns on your investments.
We know how a trust works and which lenders accept which kinds of trusts.
Please fill in our free assessment form or contact us on 1300 889 743 to speak to a mortgage broker who specialises in helping people to borrow money for their trust.
) [570] => stdClass Object ( [post_id] => 382 [meta_key] => add_site_layouts_17_post_editor_option [meta_value] =>Agency employees usually have a high chance of getting their home loan approved if submitted to the right bank.
Temp workers may have to provide additional documents but, provided that their situation is truly stable, they usually have an excellent chance of approval.
Complete our free assessment form or call us on 1300 889 743.
Speak to a mortgage broker who specialises in dealing with lenders that will consider applications from agency or temp workers.
[sg_popup id=65221] [wbcr_snippet id="74652"] ) [571] => stdClass Object ( [post_id] => 35801 [meta_key] => add_site_layouts_17_post_editor_option [meta_value] =>The lending policies around foreign income home loans are complex and change regularly.
It pays to have an experienced mortgage broker on your side!
Call us on 1300 889 743 or complete our free assessment form to discover if you qualify.
[wbcr_snippet id="74946"] ) [572] => stdClass Object ( [post_id] => 75785 [meta_key] => add_site_layouts_17_post_editor_option [meta_value] =>The best time to buy a home is always subjective – it depends on your circumstances. Each city will reach a low point in prices at a different time, so it’s important to watch your local market to know when it’s best to buy. Even though property prices are falling now, buying sooner is better if you can afford to do so. If you keep waiting for the right time to buy, you could:
Are you still sceptical about where the property market is heading in 2023? Home Loan Experts’ mortgage brokers will help you make the right decisions. Call us on 1300 889 743 or enquire online for free today.
) [573] => stdClass Object ( [post_id] => 92963 [meta_key] => add_site_layouts_17_post_editor_option [meta_value] => Refinancing your home is a journey, but you don’t have to walk it alone. Our expert mortgage brokers will be there, side-by-side with you, to make sure you’re making the best choices for your future. When comparing lenders, it’s important to look beyond the interest rate. We’ll help you consider the full picture – the overall cost, the flexibility of the loan terms, and how each option aligns with your goals. At Home Loan Experts, we believe in oneness – working as one team with you to find the solution that’s truly right for your life. Call us on 1300 889 743 or complete our free online assessment form. ) [574] => stdClass Object ( [post_id] => 26591 [meta_key] => add_site_layouts_17_post_editor_option [meta_value] =>With help from an expert that specialises in warehouse loans, you’ll have a much better chance of building a strong case and getting approved the first time around.
Please call 1300 889 743 or complete our free assessment form today and let one of our brokers help you.
) [575] => stdClass Object ( [post_id] => 15401 [meta_key] => add_site_layouts_17_post_editor_option [meta_value] => We're specialists in the lending policies of the major banks and many second-tier lenders. Some of our lenders take a more common-sense approach to your spending, allowing you to maximise your borrowing power and get approved for the loan amount you need. Call us on 1300 889 743 or complete our free assessment form to speak with one of our mortgage brokers today. ) [576] => stdClass Object ( [post_id] => 48323 [meta_key] => add_site_layouts_17_post_editor_option [meta_value] =>Don't let saving for a 20% deposit delay your dream of home ownership. The First Home Guarantee offers a path forward. Call us at 1300 889 743 to speak to our mortgage experts and see if you can qualify to buy sooner with a smaller deposit. You can also complete our free online assessment form, and we’ll contact you shortly. We truly care about your success and want to use our expertise to help you achieve your dream of owning a home. Let's start your home ownership journey today!
) [577] => stdClass Object ( [post_id] => 189 [meta_key] => add_site_layouts_18_post_editor_option [meta_value] =>This will vary between the lenders. With modern professional package low doc loans, fees such as valuation fees and application fees can be waived! With many major lenders the fees will be waived or the fee will be payable when the loan is advanced, not when the loan is applied for.
Other lenders such as non conforming low doc lenders tend to charge the cost of the valuation up front. If the set up cost of the loan is important to you then call us on 1300 889 743 or enquire online to find out which lenders will charge less fees up front.
We also have access to some lenders which allow us to order the valuation before we even apply for a loan. This is great if you are refinancing your property and need the highest valuation possible.
) [578] => stdClass Object ( [post_id] => 7863 [meta_key] => add_site_layouts_18_post_editor_option [meta_value] =>
Whilst a diplomat loan is available to a select few people, we also help all non-residents and temporary visa holders get home loans!
If you are unsure of whether you will qualify for a loan, please speak to us on 1300 889 743 (+61 2 9194 1700 from outside of Australia) or enquire online.
We can help you get fast approval and great interest rates. Call us for a diplomat loan today!
[wbcr_snippet id="74995"] ) [579] => stdClass Object ( [post_id] => 14956 [meta_key] => add_site_layouts_18_post_editor_option [meta_value] =>
Do you need help to get approved for a home loan, business loan or investment property loan?
We know which banks and specialist lenders can consider your situation, even if you need to refinance company debts.
We also know how to present your application to get the best possible chance of approval and interest rates.
Please call us on 1300 889 743 or enquire online and one of our specialist mortgage brokers will let you know your options.
[wbcr_snippet id="73737"] ) [580] => stdClass Object ( [post_id] => 52889 [meta_key] => add_site_layouts_18_post_editor_option [meta_value] =>It’s understandable that as a first home buyer, you’ll get anxious and excited when settlement day draws near.
However, you do not need to worry, as you’ll have a team of experts to help you along the way.
Our award-winning mortgage brokers are here to help you in every step of the way during your first home buying process. Call us on 1300 889 743 or get a free assessment online.
[sg_popup id=57745] ) [581] => stdClass Object ( [post_id] => 7339 [meta_key] => add_site_layouts_18_post_editor_option [meta_value] =>Being on a temporary spouse visa is not an issue for most banks, as long as the circumstances of your relationship and its duration, make it likely that you will stay together.
For example: a husband from a foreign country and his wife who is an Australian citizen apply for a home loan. Their relationship has only been going for one month.
The wife is not working, so the banks are relying on her spouse to prove that they can afford the debt. In this situation, it is unlikely that the banks will approve their application for a home loan.
However, if they had been together for a longer period of time or if they had children together then lenders would see this as a stable relationship and normal lending criteria would apply.
If you would like to speak to someone to discuss whether your situation would be accepted by the banks, contact our mortgage brokers on 1300 889 743 or enquire online and we will contact you.
) [582] => stdClass Object ( [post_id] => 189 [meta_key] => add_site_layouts_19_post_editor_option [meta_value] =>Some lenders charge a premium on their interest rate for low doc loans or will not give as large a professional package rate discount. We have lenders on our panel which have the same professional package rate discounts for both full doc and low doc loans!
Which low doc loan has the best interest rate?
Lenders are always issuing special offers and have discounts that are not published on their websites. Call us on 1300 889 743 or enquire online and we can advise you as to which loan is most suitable for your situation.
Believe it or not the lender with the cheapest interest rate is not always the best lender for you. Often a lender will give a rate discount but then charge a higher fee to compensate. So it is important to take a holistic approach when assessing the loan.
Our approach is to present you with several competitive options and allow you to choose which one you would prefer.
) [583] => stdClass Object ( [post_id] => 65317 [meta_key] => add_site_layouts_19_post_editor_option [meta_value] => Secure pre-approval so you can bid with confidence. Our specialist mortgage brokers will show you the best lender for your situation. Just give us a call on 1300 889 743 or fill in our free online assessment form today. ) [584] => stdClass Object ( [post_id] => 25803 [meta_key] => add_site_layouts_19_post_editor_option [meta_value] =>
Are you better off selling your existing property first and renting before committing to a new property? That will depend on what the property market is like in your area.
It will also depend on the size of your mortgage and how much interest you're paying compared to how much you would likely be paying in rent if you're unable to sell your existing home before purchasing a new property.
One of our helpful brokers can help you to estimate the costs of bridging finance versus these alternate options.
What you might like to do is to negotiate with the vendor (via your solicitor) about extending settlement if you haven't sold your property yet.
Not sure what to do?
One of our mortgage brokers can properly assess your situation to let you know which option will provide the most benefit to you.
Call 1300 889 743 or complete our free assessment form today.
) [585] => stdClass Object ( [post_id] => 30471 [meta_key] => add_site_layouts_19_post_editor_option [meta_value] => Where can you find the best investment loan rates when the banks may not even publish them? We specialise in getting tough loans approved and our mortgage brokers are always up to date with the best and most competitive investment loan rates. Speak to us today on 1300 889 743 or fill in our free online assessment form and one of our credit specialists will contact you to discuss your loan needs.
) [586] => stdClass Object ( [post_id] => 33674 [meta_key] => add_site_layouts_19_post_editor_option [meta_value] =>
Are you a foreign citizen, permanent resident, temporary resident or New Zealand citizen in need of a mortgage?
The Australian government has long had a love/hate relationship with foreign investors and rules and regulations for buying real estate change on a regular basis.
This also extends to bank and lender policy, from how much you can borrow to what type of non-residents can actually qualify for a mortgage.
Not all lenders are the same!
We're experts in non-resident mortgages and can navigate this policy minefield so you have the best chance of qualifying for a mortgage in Australia!
Call us on 1300 889 743 (+61 2 9194 1700 if you're outside Australia) or fill in our free assessment form to speak with one of our mortgage brokers.
) [587] => stdClass Object ( [post_id] => 44480 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>) [588] => stdClass Object ( [post_id] => 28205 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => Not all banks require you to provide documents like profit and loss statements or an accountant’s declaration. Some of our lenders only require:
) [589] => stdClass Object ( [post_id] => 43900 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Did you know that more than 80% of first home owners grant applications are lodged incorrectly the first time around?
So, based on our experience, we’ve created a FHOG guide to help first home buyers complete an accurate application which will be approved quickly.
If you do not complete the form correctly, delay sending in the form or do not provide the correct supporting documents then the settlement of your new home could be delayed!
Not ready to apply for the grant yet? Try our FHOG calculator to discover how much you qualify for in your state.
Call us on 1300 889 743 or enquire online and we can help you buy your first home.
) [590] => stdClass Object ( [post_id] => 27590 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => Generally speaking, most of the credit officers handling your application don’t understand the financial situation of self employed borrowers, particularly if the business is set up in a trust structure. Luckily, not all lenders have the same documentation requirements and won’t require you to provide documents like profit and loss statements or an accountant’s declaration. As long as everything stacks up in the following documents, we know lenders that will consider your application:
What about profit and loss statements?
Generally, most banks won’t ask for this. The only exception is if the tax returns that you’re providing are already a few months into the financial year. For example, If you apply for a home loan in February, your most recent tax return is already well over 6 months old. It’s this reason that the lender will usually ask for more financial evidence, usually in the form of your most recent profit and loss statement. You’ll still need to meet all other standard requirements regarding your income, asset position and credit history but if you have the above documents ready to go, give us a call on 1300 889 743 or complete this free online enquiry form and we’ll let you know if you qualify for a business owner home loan.What if I haven’t lodged my latest tax return?
Most banks will require you to have at least 2 years tax returns before they will even consider your application. If you haven’t lodged your latest tax return but your ABN shows that you’ve been running a business for 2 years, you may still be able to get approved for a business owner home loan. If you have an exceptionally strong situation, you may still qualify even if you’ve only been working for 18 months.Generally, most banks won’t ask for this. The only exception is if the tax returns that you’re providing are already a few months into the financial year.
For example, If you apply for a home loan in February, your most recent tax return is already well over 6 months old. It’s this reason that the lender will usually ask for more financial evidence, usually in the form of your most recent profit and loss statement.
You’ll still need to meet all other standard requirements regarding your income, asset position and credit history but if you have the above documents ready to go, give us a call on 1300 889 743 or complete this free online enquiry form and we’ll let you know if you qualify for a business owner home loan.
What if I haven’t lodged my latest tax return?
Most banks will require you to have at least 2 years tax returns before they will even consider your application.
If you haven’t lodged your latest tax return but your ABN shows that you’ve been running a business for 2 years, you may still be able to get approved for a business owner home loan. If you have an exceptionally strong situation, you may still qualify even if you’ve only been working for 18 months.
What if I’ve only been working for a year or less?
Have you been running your business for less than a year?
Banks are very conservative when it comes to business owners in this situation because you won’t have the financials, specifically tax returns and NOAs, to prove that you’re running a profitable business and earning a sufficient income.
One of our lenders can look at your income from your last job if your projected income for your business is similar to what you previously earned.
The reasoning behind this is that if you decided to close your business you could always return to working for someone else on a similar salary.
For business owners who’ve been trading for one to two years, one of our lenders may look favourably on your application if you’ve been in the same line of work for some time prior to starting your business and you can provide 12 months worth of financial statements.
) [591] => stdClass Object ( [post_id] => 3812 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Depending on your situation, you may be able to borrow up to:
Each lender has their own maximum loan amount and applicable lending guidelines.
If you’d like our help to apply for a loan in a company name, please fill in our freeassessment form or call us on 1300 889 743 and one of our specialist mortgage brokers will contact you to discuss your options.
) [592] => stdClass Object ( [post_id] => 34282 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => In most cases, mortgage brokers are paid an upfront commission and a trail or ongoing commission for the business they bring to the bank. These commissions are paid out only once your home loan settles. The commissions themselves are based on a percentage of the loan amount and the LVR. Although the details around when and how brokers receive commission varies from lender to lender, generally speaking:
) [593] => stdClass Object ( [post_id] => 12244 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => The best way to start to discuss your eligibility for a home loan is to speak with a mortgage broker, as there are many benefits to using a broker.
) [594] => stdClass Object ( [post_id] => 37843 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => A rent-free declaration is simply a letter stating that you live rent-free with your parents. The letter is fairly basic but as a minimum it should include:
) [595] => stdClass Object ( [post_id] => 37484 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Getting approved while on a TSS visa (subclass 482) will depend on the lender and what stream you’re working under.
As a general rule:
There has been a lot of changes to temporary resident lending policy in recent years.
The 482 visa came into effect in March 2018 and is the next development that new migrants need to understand when migrating to Australia.
If you were currently working under a Temporary Business (long stay) 457 visa or another temporary visa and have since switched to the TSS visa regime, give us a call on 1300 889 743 or complete our free assessment form today.
We'll let you know if you qualify for a mortgage.
) [596] => stdClass Object ( [post_id] => 31113 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => Compared to other investments, land doesn't need much of your involvement. It can be a passive long-term investment for you. What's more, you may be able to buy smaller pieces of land with cash alone. Property taxes, insurance or maintenance costs aren't too high. You can take advantage of negative gearing benefits as well. Competition is pretty low so you can get a good deal more easily. People with a limited budget can buy now and build later. This ensures that they won't be priced out of the property market later on. Although its value may increase quite slowly, land prices can hike overnight. Some people buy land thinking the government will rezone it soon. Once rezoned, the land value increases and they can sell it to a developer. You can also choose what you want to do with the land. Depending on the situation, you can sell it to a developer or build yourself. However, investing in raw land can be complicated. Invest only if you know what you're doing.
Do I qualify for an investment loan?
Investment loans tend to be of higher risk. This is why it's usually tough to qualify for one. You must be in a strong financial position. You'll also have to meet basic lending criteria such as:How much can I borrow?
The amount you can borrow depends on a number of things. If you're only buying and not developing vacant land, you may be able to borrow up to:) [598] => stdClass Object ( [post_id] => 49010 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Yes, you can. But it is only used by a few lenders and for low-risk loans.
Contact us on 1300 889 743 or fill in our free online assessment form if you’d like to use a desktop valuation for your home loan.
) [599] => stdClass Object ( [post_id] => 26789 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Not sure if you’re eligible?
Get in touch with one our 95% investor loan specialists on 1300 889 743 or by completing our free assessment form today.
) [600] => stdClass Object ( [post_id] => 13939 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Ultimately, you must meet all standard bank criteria regarding affordability and asset position but your loan will be priced using a commercial risk matrix.
Do you need help financing your property?
Call us on 1300 889 743 or complete our free assessment form and one of our mortgage brokers will let you know your options.) [601] => stdClass Object ( [post_id] => 33333 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
So what allows you to get a lower interest rate?
When will you pay a higher interest rate?
Do you need help to get a better interest rate? There are ways you can lower your repayment without refinancing. Give us a call on 1300 889 743 or fill in our free assessment form and our mortgage brokers will do the negotiating for you!
) [602] => stdClass Object ( [post_id] => 35019 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>A parent assist mortgage is a relatively new no deposit home loan solution and it’s only offered through a specialist lender.
You’ll have to meet certain requirements but if you do, you’ll generally be eligible for the following:
Discover if you qualify for a parent assist home loan!
Call 1300 889 743 or fill in our free assessment form to speak with one of our experienced mortgage brokers.
) [603] => stdClass Object ( [post_id] => 84408 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
If you need help with getting a home loan, call 1300 889 743 or complete our free assessment form to speak with one of our mortgage brokers.
) [604] => stdClass Object ( [post_id] => 84765 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Australian banks can't take a foreign property as security for a home loan.
However, they can help you fund your future investment plans if you have an existing property with enough equity.
Having a good understanding of what you want to do when you have the funds is key.
Which bank can help me?
If you've already researched the property market or spoken with a real estate agent to get an understanding of the location you want to buy, you'll need funds to complete the purchase.
Without your own savings, the next step is to speak to an Australian bank with international branches.
Your mortgage broker may be able to put you in touch with the local branch themselves.
There are also a number of non-Australian owned international banks that may be able to help you with finance.
It's important you get in touch with the local branch of the country you're looking to buy.
Find out what interest rates and mortgage terms they have available for your price range.
How much can I borrow?
One important thing to note is that some countries limit you to borrowing 80% of the property value or Loan to Value Ratio (LVR).
This borrowing limit is typical with a lot of countries, particularly those burned by the global financial crisis (GFC).
Australian banks are one of only a few institutions in the world to offer 105% investment loans by way of a guarantor arrangement with your parents.
With no guarantor, you can still go up to 95% or even 97% of the property value in Australia.
So because of this 80% LVR restriction that international banks have, you would need your own funds for a 20% deposit, plus an extra 3-5% of the property value to complete the purchase of the property.
These extra costs cover costs relating to stamp duty, conveyancing fees and other legal costs required to be paid when buying in that country.
These extra costs vary from country to country: some of them don't charge stamp duty at all!
Call us on 1300 889 743 (+61 2 9194 1700 if you're outside of Australia) or complete our free assessment form to discuss your plans in buying property overseas.
What if I already own a property in Australia?
If you already own a property in Australia and only have 60-70% remaining on the mortgage, you can actually use your equity for buying property overseas.
Your Australian lender won't accept a foreign property as security outright but you can do a cash out with the help of your mortgage broker.
The broker will normally inform the bank that the cash out is for future investment purposes not necessarily for overseas investment.
In saying that, as long as you're not borrowing more than 80% of the property value, you can usually get approved for the cash out.
Let's say you own a property currently valued at $500,000 with $300,000 owing on the home loan.
Your LVR would be around 60%, way below the 80% restriction for accessing equity.
The property you want to buy is in Brazil and it's worth $250,000 - the 20% deposit (plus purchase costs) you need would be about $60,000.
By refinancing with your existing lender, you can cash out that $60,000 so your new home loan is $360,000.
Should I refinance to another lender?
By speaking with an experienced mortgage broker that has a number of different Australian lenders to choose from, they can properly assess your situation and refinance your mortgage to another lender at a lower interest rate.
When buying property overseas, it helps to have a mortgage broker that will support you going forward.
Call us on 1300 889 743 or complete our free assessment form to find out if you're in a position to use equity in your property for buying property overseas.
Why do you want to buy property overseas?
Many Australians choose to buy property overseas because they've become disillusioned with the overpriced real estate market.
With a strong dollar compared to the currency of many foreign nations, there is the potential to take advantage of comparatively lower property prices and higher growth rates in developing nations.
The first thing you should consider is what countries you'd like to invest in: not all property markets are created equal.
Despite its large economy, the United States real estate market has been in the doldrums for a number of years following the GFC.
Meanwhile, some countries that would be considered developing nations or those badly hit by the global financial crisis (GFC) such as Greece, Brazil, Turkey and Italy are running at much higher growth rates.
Of course, there are investment opportunities anywhere if you've done your market research.
Discover more about the risks of overseas property investing in the '6 Traps Of Overseas Property Investing' blog.
Australian residents who are foreigners choose to buy property overseas for investment purposes but they may also have a cultural or family connection.
When they go on holidays or even retire, they may choose to go back and make the property their new home, rent-free.
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If you’re a teacher, we know you may find it difficult to get home loan approval because most banks don’t understand how to assess your income over a year. Luckily, not all lenders have this issue; some will fight for your business. Our Home Loan Experts know which lenders can help, and would be happy to help you find the best one for your situation. We can help you:
When a lender receives a trust application they will carry out a full credit assessment to decide if they should approve the loan.
When assessing the loan they tend to look for:
We know what the banks look for when it comes to trusts!
Please call us on 1300 889 743 or complete our free assessment form to speak with one of our broker today!
) [607] => stdClass Object ( [post_id] => 33200 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Pepper Money has introduced a new loan product in response to borrowers seeking greater flexibility in managing their home loans amid changing interest rates. This innovative product offers borrowers a two-year fixed term loan that allows them to:
The product is available to new owner-occupier, investor, interest-only, and principal-and-interest loan applicants who qualify. You must apply before 12 May 2023.
Act fast and don't miss out on this time-limited opportunity! Submit your loan application before 12 May 2023, to take advantage of this special offer! Call us on 1300 889 743 or complete our free online assessment form today!
) [608] => stdClass Object ( [post_id] => 940 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
When a lender receives a trust application they will carry out a full credit assessment to decide if they should approve the loan.
When assessing the loan they tend to look for:
We know what the banks look for when it comes to trusts!
Please call us on 1300 889 743 or complete our free assessment form to speak with one of our broker today!
) [609] => stdClass Object ( [post_id] => 23214 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Give us a call on 1300 889 743 or fill in our free assessment form and discover if you qualify!
) [610] => stdClass Object ( [post_id] => 33624 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Using the equity in your land for a construction loan, you may be able to borrow up to:
We have mortgage brokers who specialise in construction loans.
Please speak with one of our credit specialists by calling us on 1300 889 743 or complete our free online assessment form and one of us will contact you instead.
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The shorter the name, the better.
It can be tempting to get overly creative when naming your trust but the longer the trust name, the less likely banks and other organisations will be able to process it.
For example, ‘The Steve Anderson Super Happy Family Trust’ will be accepted by the Australian Securities and Investments Commission (ASIC) but bank systems simply won’t accept it.
In order to fit on bank and mortgage statements, you may be forced to truncate or abbreviate the name which may create confusion if you’re audited by the Australian Taxation Office (ATO) come tax time.
The abbreviated version of your trust name won’t match the actual trust registered with ASIC.
Although your accountant knows that your mortgage and property is in the name of the trust, you may have to provide further evidence that this is the case.
We can work with you and your accountant to get your trust loan approved!
Call us on 1300 889 743 or fill in our free online enquiry form to get a free assessment.
) [612] => stdClass Object ( [post_id] => 3938 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Have you looked at our current refinance rebates and interest rate discounts?
Please call us on 1300 889 743 or fill in our online enquiry form to find out what deal we can negotiate with your next lender.
) [613] => stdClass Object ( [post_id] => 36850 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Like personal loans, car finance, credit cards or dependent children, a HELP loan is treated the same way as any other liability.
The bank runs what is known as a serviceability test to compare your level of income with your current debts and liabilities and determine whether you can afford the loan you want.
If you’re in a strong position, you should have a certain surplus income, which means you can qualify for the amount you’re looking to borrow.
If your debt-to-income level is high, your borrowing capacity could be restricted. Each bank uses its serviceability calculation.
Even though the National Consumer Credit Protection Act prohibits lenders from approving loans that would put borrowers into financial hardship, it doesn’t provide specific guidelines on how the banks should do this.
Because of this, each lender has its level of risk that it’s willing to accept when assessing your mortgage application.
Please call us on 1300 889 743 or complete our free assessment form to discover how we can help you qualify for a mortgage.
) [614] => stdClass Object ( [post_id] => 3900 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
As a general rule if you cannot prove that your income is ongoing then you cannot get a home loan.
Your income can be either from your job or from worker’s compensation payments but you must prove that you will still be able to make the repayments in the foreseeable future.
Call us on 1300 889 743 or complete our free assessment form and discover if you can get approved for a home loan with workers’ compensation.
) [615] => stdClass Object ( [post_id] => 11414 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Not every lender can help! Investors typically call us after having spoken to several banks, only to find out that DHA properties are not an acceptable security type.
Please enquire online or contact us on 1300 889 743 to speak to one of our mortgage brokers.
) [616] => stdClass Object ( [post_id] => 45470 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => Living expenses with children can vary dramatically depending on the nature of your family unit:Interest only loans are traditionally beneficial to property investors looking to maximise their cash flow and give them a buffer to invest elsewhere or when building a home.
Qualifying for an interest only home loan will depend on the lender you choose, the percentage of the property value you borrow and the purpose of your loan:
Do you need an interest only home loan?
We can assess your situation and help find the home loan solution that meets your needs.
Please call us on 1300 889 743 or fill in our free assessment form to speak with one of our mortgage brokers.
) [618] => stdClass Object ( [post_id] => 30482 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
At the time of settlement, there's always a risk that one party may fail to deliver the terms of a contract with another party. This is called settlement risk.
A settlement risk can be associated with home loan default, where you're unable to meet legal obligations of a loan, during settlement or any time difference in settlement between the two parties.
How do homebuyers end up with settlement default?
Capacity to settle
You may come across a situation where you have little option but to default on settlement. For example, if you have excess debt and can't afford to make mortgage repayments.
Some factors that affect this include:
If you're an overseas buyer then you can be adversely affected by major changes in Australian foreign exchange rates.
Willingness to settle
Some property buyers are motivated by certain circumstances to default.
For example, between the period of sales and settlement, the price of the property may fall by more than what you may have deposited. In this situation, you can reduce your losses by defaulting.
Call us on 1300 889 743 or fill in our free online assessment form and speak with one of our expert brokers for more information.
) [619] => stdClass Object ( [post_id] => 33256 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
A popular investment strategy is to buy vacant commercial land to subdivide and develop or to hold on to the land and sell at a higher price in a few years time.
It sounds like a great idea on paper but will the banks go along with your strategy?
It all depends on the location, access to utilities and services, zoning and land size.
How much can I borrow?
You can borrow between 50-70% of the land value but this will vary depending on the lender and the size and nature of the property:
Despite this, if you have a guarantor or enough equity in a residential property that you own, you may be able to borrow up to 100% of the land value and qualify for a longer loan term (25 years) than the standard loan terms offered with commercial finance (10-15 years).
You may also still get the same commercial interest rates as if you were buying a commercial building.
Call us on 1300 889 743 or complete our free assessment form to speak with one of our mortgage brokers.
) [620] => stdClass Object ( [post_id] => 495 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Call us on 1300 889 743 or complete our free assessment form, and we can let you know how much you can borrow for a renovation loan.
) [621] => stdClass Object ( [post_id] => 35511 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Every application is assessed on its merits!
Auto Masters is one of a number of franchise businesses that a few major banks and lenders have listed as strong franchise models.
However, you still need to build a strong case to get approved and there can be huge differences in the interest rates and loan terms on offer.
Call us on 1300 889 743 or complete our free assessment form to discover if you qualify for an Auto Masters franchise loan.
) [622] => stdClass Object ( [post_id] => 2106 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Very few lenders offer low doc home loan solutions and it has become increasingly difficult to get low doc applications approved.
If you cannot provide full financials, speak with one of our experienced mortgage brokers so we can present a strong case on your behalf.
Call us on 1300 889 743 or complete our online assessment form to discover if you qualify.
) [623] => stdClass Object ( [post_id] => 3378 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Generally, the lender is looking to see if your penalty pay is regular and ongoing.
If the pay is irregular then most major banks & lenders will be less inclined to include it when assessing your home loan application.
You can use our YTD Income Calculator to find out how the banks would assess your income.
To discuss your situation and income with our expert mortgage brokers, please call us on
1300 889 743 or enquire online today.
We can help pair you with the right lender who will offer competitive rates and a great loan package!
) [624] => stdClass Object ( [post_id] => 36057 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Most banks actually require your deposit to be genuine savings but not all lenders are the same.
You may be able to use the following no genuine savings options to qualify for a home loan:
Getting approved for a borrowed deposit home loan can be difficult and you'll need to have a formal agreement in place with your parents or immediate family.
Please call us on 1300 889 743 or complete our free assessment form to speak with one of our mortgage brokers to find out whether this no genuine savings solution is right for you.
) [625] => stdClass Object ( [post_id] => 32606 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => According to the Customer Owned Banking Association (COBA), customer-owned banking is the "fifth pillar" in banking after the 'big four' (Commonwealth Bank, ANZ, Westpac and National Australia Bank), providing much-needed competition to the banking sector. The main benefit is that they operate for the benefit of its customers rather than purely for profit. Profits actually go back into providing better products and services as well as into the local community and environment. But with around $92 billion in assets, are they really operating in your best interests?
Comparing them to standard banks
The main difference between mutual banks and the major banks and lenders is that customer-owned banks aren't listed on the Australian Securities Exchange (ASX). Instead being owned and controlled by shareholders and investors, customer-owned banking essentially means that customers own a share in the bank. Each member share amounts to one vote on the bank's governance including the selection of board members and other major company changes like closing and opening branches. COBA would like to argue that for this reason, customer-owned banks aren't profit-driven. Instead, all profits are invested back into improving their products, providing better customer service and charging fair fees.Do they offer the same type of finance?
Customer-owned banks offer the same products and services such as home loans, personal finance, term deposit accounts and credit cards.Are they still tightly-regulated?
Because they're still so-called Authorised Deposit-taking Institutions (ADIs), customer-owned banks like building societies and credit unions must still adhere to the regulations as other banks and lenders. These regulations are set out in the Banking Act 1959 and enforced by the Australian Prudential Regulatory Authority (APRA). They must also adhere to the Corporations Act 2001 (enforced by the Australian Securities and Investments Commission) so there's no shirking their responsibilities as an Australian financial institution.What are the benefits?
Some of the benefits of getting a home loan with a customer-owned bank include:Will you always get a lower interest rate?
Not always but research from Choice found that customer-owned banks consistently offer better interest rates on all of their products including home loans. The average standard variable home loan rate for owner-occupiers in the customer-owned banking sector was 69 basis points lower than the average advertised standard variable rate offered by the four major banks before the rate rises in late 2015. The difference works out to a saving of around $160 a month for a $400,000 home loan on a 25-year term.Do they really offer better customer service?
Roy Morgan research found that building societies had the highest customer satisfaction rating as of May 2015 (93.8%), followed by mutual banks (92%) and credit unions (90%). This compared to the big four's rating of 81.5%.What are the drawbacks?
Although customer-owned banks can often offer you a better interest than other banks and lenders, you generally have to be a strong borrower to get approved. Unlike some of the other lenders on our panel, the following generally applies to mutual banks:Which banks are customer-owned?
Australia's mutual banks, credit unions, and building societies include:How do customer-owned bank help the community?
One of the definitions of a mutual bank is that it supports the local community through social responsibility and, in some cases, environmental responsibility. The following three mutual banks support the local community in the following ways (contribution figures accurate as at May 2015). Teachers Mutual Spends 4.55% of pre-tax profits on community investment which is 12.6 times the average for the financial services sector in Australia and New Zealand. Bankmecu Developed 'Conservation Landbank' to help protect natural forests in Victoria's west Wimmera region, with 927 hectares purchased for protection since 2008. Community First Credit Union Donates half the annual fee on its 8.99% credit card (for purchases, cash advances, and balance transfers) to the McGrath Foundation.What is COBA?
The Customer Owned Banking Association (COBA), the main industry body, represents 74 credit unions, 6 building societies, and 12 mutual banks. They also represent 13 so-called friendly societies or mutual societies which provide savings, investment and insurance products to help its customers plan for life events like education, retirement, health, and travel. The association started out as the Association of Building Societies and Credit Unions (Abacus - Australian Mutuals) in 2006, a merger between the Credit Union Industry Association (CUIA) and the Australian Association of Permanent Building Societies (AAPBS). On 1 July 2013, it was relaunched as COBA.Do you need a home loan?
Please call us on 1300 889 743 or complete our free assessment form to speak with one of our specialist mortgage brokers. We can properly assess your situation and recommend home loan solutions that best suit your needs and ultimate financial goals![wbcr_snippet id="72955"] ) [626] => stdClass Object ( [post_id] => 446 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Note: Most lenders restrict the amount you can borrow quite significantly to around 70% of the property value. We deal with a few select lenders that can consider lending more on a case by case basis.
Call us on 1300 889 743 or fill in our free assessment form and one of our mortgage brokers will help you to get approved!
Up to 6 units / dwellings
Note: Most lenders restrict the amount you can borrow quite significantly, usually to around 60% of the property value or they will offer you a commercial loan at a higher interest rate.
We can still offer residential loans for this type of security through some of our specialist lenders.
You can often pay below the Bank Standard Variable Rate even though many other lenders would charge you commercial interest rates.
Up to 10 units / dwellings
Note: Most lenders restrict the amount you can borrow quite significantly to around 60% of the property value or decline the loan outright.
We can consider large loans such as this at interest rates below the Bank Standard Variable Rate.
More than 10 units in one block / dwellings
Many lenders will assess these properties as developments and will refer you to business banking.
You can borrow more than 70% of the property value using a residential development loan at a competitive interest rate.
Call us on 1300 889 743 or complete our free assessment form and one of our mortgage brokers will help you get approved!
) [627] => stdClass Object ( [post_id] => 13591 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>We have made agreements with some of our lenders to offer waived LMI and interest rate discounts for certain professionals.
The professions listed below are eligible:
Speak to our mortgage brokers by calling 1300 889 743 or fill in our free assessment form to determine if you qualify for a professional discount.
) [628] => stdClass Object ( [post_id] => 2565 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Most lenders are very cautious in lending money to borrowers who have a bad credit history that is either ongoing or where the adverse listings have not been cleared, therefore it is important to know what your credit history is like.
The following information is recorded on your credit file and can be seen by the banks and lenders:
Did you know that approximately 14% of Australians have a default or other black mark on their credit file?
To save yourself from being turned down by the banks for a loan due to your bad credit history, simply call us on 1300 889 743 or enquire online and one of our specialist mortgage brokers will help you get approved!
) [629] => stdClass Object ( [post_id] => 42823 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>We know lenders that will accept 100% of your medical discharge benefits if you receive these benefits from any of the following military superannuation schemes:
You may also receive benefits from the Department of Veteran's Affairs (DVA), which falls outside of the Commonwealth Superannuation Corporation (CSC), trustee of the Government's public sector and military super schemes.
By using incapacity benefits, you can increase your borrowing power and buy the property you really want.
As a member of the Australian Defence Force (ADF), you'll also be entitled to:
Call us on 1300 889 743 or complete our free assessment form to find out if you quality for an ADF medical discharge home loan.
Also, check out the defence force home loan discounts page for more information on special discounts for ADF members.
) [630] => stdClass Object ( [post_id] => 43236 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Select lenders are willing to offer huge savings to get your business:
*This includes your taxable income and rental income. It doesn’t take into account your spouse’s income.
Your industry membership, your income and the loan size will ultimately affect the size of the discounts that you’ll receive on your home loan.
Speak to our mortgage brokers by calling 1300 889 743 or fill in our free assessment form.
We can tell you if you can qualify for a professional discount on a quantity surveyor home loan.
) [631] => stdClass Object ( [post_id] => 30524 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Unfortunately, this product no longer exists. They were withdrawn from the Australian mortgage industry after the Global Financial Crisis (GFC).
Instead you can take out a guarantor home loan.
How did they work?
Basically, 106% home loans were like guarantor loans but without the guarantor.
Lenders allow you to borrow the full price of the property. They also cover most of the costs associated with the mortgage including stamp duty, legal fees and mortgage insurance.
106% home loans were better suited for first home buyers and borrowers with little to no savings.
You can call us on 1300 889 743 or fill in our free online assessment form to find out what options are available for you.
What options do I have now?
The GFC saw many traditional no deposit loans, such as the 106% investment loan, withdrawn from the Australian property market.
Today, guarantor home loans are the only way you can borrow more than 100% LVR (Loan to Value Ratio) with no LMI (Lenders Mortgage Insurance). Although you can't get 106% home loans, you can still borrow up to 105%, even 110% if you're consolidating your debt.
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In NSW, the First Home Buyers Assistance scheme offers a stamp-duty exemption for first-home buyers. As of 1 July 1 2023, the following exemptions and concessional rates are in effect:
| Property Type | Property Value | Stamp-Duty Exemption/Concession |
|---|---|---|
| New or Existing Homes | Up to $800,000 | Full exemption |
| Over $800,000 but less than $1,000,000 | Concessional rates available | |
| Vacant Land with Intent to Build | Up to $350,000 | Full exemption |
| Over $350,000 but less than $450,000 | Concessional rates available |
Unlike some other states, this exemption applies to all property types, not limited to new or off-the-plan properties.
Our team at Home Loan Experts is passionate about helping you achieve your homeownership dreams. We bring our expertise in mortgage and lending to the table, ensuring you make informed decisions and secure the best possible financing options. Call us at 1300 889 743 or complete our free online assessment form today!
) [633] => stdClass Object ( [post_id] => 242 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => Although lending guidelines vary between lenders, we can usually help you to refinance your existing loan if you are in the following situation:) [634] => stdClass Object ( [post_id] => 47981 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => You can borrow up to 100% of the value of the truck or heavy vehicle and another 50% for business cash flow purposes with select lenders. Generally speaking, you need to meet the following criteria:
What loan features are available?
Whilst it may make sense to save on energy and protect the environment through buying a house that's made of mudbrick or straw bale, lenders often see these types of properties as being difficult to sell.
Unconventional property types do not have the mass appeal of more traditional home types. As such, the lenders can offer 80% LVR maximum on a readily saleable property.
Our expert mortgage brokers can help you get the loan for your unconventional home of your dreams! Please call us on 1300 889 743 or enquire online today!
) [636] => stdClass Object ( [post_id] => 35859 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>The short answer is, no.
Compared to credit cards, personal loans or car loans, having one or even two pre-approval enquiries on your credit file within 12 or even 6 months won't affect your credit score too much.
In fact, it's not uncommon for investors looking to rapidly grow their property portfolio to make 3 or even 4 home loan enquiries in a couple of months!
In some cases, it may even improve your credit score, particularly if you've never had any enquiries on your credit file before.
Where it can be a problem is if you've applied for a pre-approval with multiple lenders in a short timeframe.
You may well be shopping around to see what deal you can get but most banks won't see it that way.
They it as a shopping pattern where you've been declined by one lender and now you're trying to see who will approve your application. Not a good look!
What's a better alternative?
A mortgage broker can properly assess your situation, for free, and provide you with up to three home loan recommendations with an indicative interest rate and list of fees.
The best news is that you won't get an enquiry on your credit file so your credit score won't be affected!
Please call us on 1300 889 743 or complete our free assessment form to speak with one of our brokers about your home loan enquiry.
) [637] => stdClass Object ( [post_id] => 68227 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>) [638] => stdClass Object ( [post_id] => 17122 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => With select lenders, you may be able to borrow up to 90% of the property value. To qualify, the following criteria generally applies:
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If your parents or someone else can gift you a deposit, some banks will actually allow you to borrow up to 95% of the property value with no genuine savings.
Do you know someone who can help you out with a gifted deposit?
Speak with one of our gifted deposit specialists on 1300 889 743 or complete our free online assessment form and we can tell you if you qualify within 24 hours!
) [640] => stdClass Object ( [post_id] => 33319 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Not every lender accepts each income type!
Each will accept a certain percentage of that income and will have different verification requirements.
Do you need help getting your home loan approved? Call us on 1300 889 743 or fill in our free assessment form and our mortgage brokers will help you to get approved!
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Improve Your Credit Score
Starting from your payment history and account balances, your lender will take a good look at your credit situation when analysing your application. If you aim to secure the lowest interest rate possible, it’s time you start improving your credit. In case you are applying for a joint loan with a spouse or other partner, pay attention to their credit as well. Although credit bureaus like Equifax don’t disclose their credit score calculation process, here’s a brief estimation of the formula they use:Maintain Stable Employment History
A consistent, long work history speaks volumes to mortgage lenders. Gradually growing, stable annual earnings on your loan application means your income is reliable and won’t be a risk for your lender. You’ll receive one of the lower interest rates available. On the other hand, if your recent financial behaviour shows multiple job changes, it gives an impression that you don’t fall into the ‘safe borrower’ category. The interest rate you receive will be more expensive than one that goes to a lower-risk borrower.Put Down A Higher Deposit
Calculate and analyse what amount of money you are willing to put down on your house. The higher your down payment, the less your borrowing amount will be and the less interest you’ll have to pay. Putting a substantial amount of money down lowers the amount you borrow and helps earn the lender’s trust. A deposit of 15% and less is considered as a low deposit - a deposit of 20% is enough to impress. This can save you thousands over the life of your loan. Expert Tip: Lenders can charge high interest rates for very small home loans as well. Try to keep your loan amount above $100,000 to make sure you bag the best mortgage interest rates possible.Find The Best Deal
No better way to find the best interest on your mortgage than by seeking out the lender with the lowest rates. Shopping around gives you the answer to your unique home loan situation. Browse through 50+ lenders in our panel to find the best loan for you. While banks are a good option for some homebuyers, non-bank lenders might be the way to go for others. Depending on factors like your borrowing amount, strength of your loan application and term of the loan, ideal lenders differ. Shop around to find the best deal for your home loan requirements. Read more about negotiating your interest rate with your lender.Go For A Shorter-Term Loan
A shorter home loan term means you make higher repayments, but you pay less in interest. As short-term loans are usually considered less risky, your lender will most likely settle for a lower interest rate. Apart from that, lenders are always in favour of homebuyers repaying loans quickly. So if a lower interest rate is among your top priorities, go for a 10-year or a 15-year mortgage, instead of a 30-year mortgage.Get Expert Assistance
Get professionals to help assess your financial situation and your loan application. Our Experts know the best possible ways to help you land the lowest interest rate possible. From negotiating a great interest rate on your behalf to assisting you throughout the life of your mortgage, we make your home loan experience convenient. Call us on 1300 889 743 or fill in our free assessment form and we’ll let you know the best interest rates available to you. ) [642] => stdClass Object ( [post_id] => 44727 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Yes, we have a number of major and second-tier lenders on our panel who can assist you with applying for a new SMSF loan. We're not sure how long they will keep operating in the SMSF loan space!
Call us on 1300 889 743 or complete our free assessment form to speak with one of our SMSF loan specialists.
) [643] => stdClass Object ( [post_id] => 21184 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>The loan offer will arrive a week after you are given formal approval and will come in two accompanying documents.
The first document, the offer letter, will specify all of the aspects of your home loan including:
Accompanying the offer letter will be a detailed copy of the loan terms and conditions, the size of which can vary from a 5-page contract to a 100-page booklet depending on the lender.
The loan terms and conditions may also include a ‘checklist’ of extra supporting documents that you will be required to supply before the loan will be advanced.
If you’ve started a home loan application with us and have received your loan offer documents, stop!
Call one of our brokers on 1300 889 743 first and we can go through the documents with you to ensure no errors have been made by the bank.
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After the Global Financial Crisis, several no deposit loans were withdrawn from the mortgage industry in Australia.
Family mortgage are still available though and there are a number of benefits:
You can speak with one of our mortgage brokers who specialise in family mortgages on 1300 889 743 or by completing our free online assessment form.
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The majority of lenders restrict the loan amount for duplexes to below 80% of the property value, or 60% for low doc loans. We deal with banks that are willing to consider lending more, depending on the location and value of the duplex.
No matter the LVR restrictions, you may be able to borrow the full costs of the purchase by using a guarantor.
Please call us on 1300 889 743 or complete our free assessment form and one of our mortgage brokers can help you to get approved.
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There is no right time to buy an investment property but there are certain factors that should influence your decision:
Call us on 1300 889 743 or fill in in our online enquiry form.
One of our mortgage brokers can assess your financial situation in full and let you know if you qualify for an investment loan.
Already have a property in mind?
Provide us with the address and we can find out the indicative property value.
We can then ask you how much you're looking to borrow and run through some figures on how much it will cost to own an investment property.
In this way, you can make a more informed decision as to whether now is the right time to buy or whether you are better off continuing to pay down your mortgage.
) [647] => stdClass Object ( [post_id] => 45536 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Have you received severance pay but need a home loan or want to refinance your mortgage?
Call us on 1300 889 743 or fill in our online enquiry form and we can let you know which lenders will accept severance as genuine savings.
) [648] => stdClass Object ( [post_id] => 5632 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Not only do you have to have a permanent and ongoing veteran pension income, but you also have to be receiving a certain type of veteran pension.
The following are typically accepted:
How much you can borrow though depends on the amount received from the veteran pension and some lenders will have age restrictions which need to be taken into consideration.
Our mortgage brokers are specialists in the lending criteria for veterans. Please call us on
1300 889 743 or enquire online for further assistance.
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To qualify for our ‘High Net Worth Clients’ package you must meet the following criteria:
In some cases, we can make an exception for property investors who have lower assets or a lower loan amount albeit you’ll still need to earn a substantial income.
For more information, please call us on 1300 889 743 and discuss your situation with one of our senior mortgage brokers.
) [650] => stdClass Object ( [post_id] => 23425 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>If you are buying a commercial property:
If you are refinancing a commercial property:
Call us on 1300 889 743 or fill in our free assessment form and we'll let you know if you can qualify for a low doc loan.
) [651] => stdClass Object ( [post_id] => 944 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
The amount that you can borrow depends on the loan product that you require:
Low doc family trust loans are only available from a few select lenders. Please discuss this with us before you begin looking for a property to buy.
Some lenders have restrictions on lending to family trusts with a company as the trustee, but can accept trusts with a personal trustee.
Do you want to obtain finance for your family trust? Please enquire online or contact us on 1300 889 743 to speak to a specialist mortgage broker who can help you get your loan approved.
How do banks view family trusts?
Banks view family trusts in the same way as they view discretionary trusts and almost half of the Australian lenders will decline loans for discretionary trusts.
Many will instead refer you to their business banking department who will then charge a higher rate and additional fees.
We have mortgage brokers that specialise in family trust lending and can find a lender to approve your mortgage with a normal residential loan with professional package discounts.
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Do you need help to finance your purchase?
Please call us on 1300 889 743 or enquire online.
One of our mortgage brokers will call you to let you know if you qualify for a company title mortgage.
) [653] => stdClass Object ( [post_id] => 32553 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Yes, banks accept properties in the ACT even if they are actually leasehold!
To buy an ACT leasehold property, you can borrow up to:
Unlike leasehold properties elsewhere, there are no restrictions on the length of lease remaining.
A Canberra property is treated like any other freehold property for lending purposes.
Our mortgage brokers can help you create a strong loan application and apply with the right lender for your situation.
You can speak with one of our specialist mortgage brokers by calling us on 1300 889 743.
You can also complete our free online assessment form for a free quote within 24 hours.
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If the frame and cladding are council-approved, and the inside of the property is a standard design and uses otherwise standard building materials, you may qualify for the following:
Please call us on 1300 889 743 or complete this free assessment form to speak with one of our liveable shed loan specialists.
) [655] => stdClass Object ( [post_id] => 490 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Stratum title has some restrictions, with many lenders refusing to accept these properties as security for a mortgage.
We have access to a few select banks that will lend up to 85%.
In particular there are only a select few lenders that can consider stratum title low doc loans.
Enquire online or call us on 1300 889 743 to talk to a mortgage broker that specialises in stratum title properties.
) [656] => stdClass Object ( [post_id] => 47889 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>The average credit score or Equifax score in Australia is 550, so scores in the range of 600-700 are considered “Good”.
Any score above 700 are considered “Excellent”, although we've seen scores as high as 1200.
If your score is below 500, don’t worry!
There are specialist or non-conforming lenders that offer so-called bad credit home loans.
In some cases, our experienced mortgage brokers can build a strong case with a second-tier lender as long as you can show that your past credit problems are behind you and you're in a more stable financial position.
To find out whether your credit history may be a problem, please enquire online or call us on 1300 889 743 today.
) [657] => stdClass Object ( [post_id] => 32857 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>The short answer is yes.
We know some lenders that may lend:
Two ways to get the money you need to build a granny flat
Call us on 1300 889 743 or complete our free assessment form to discover if you qualify for granny flat loan.
) [658] => stdClass Object ( [post_id] => 34954 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => If you have the capital and a strong financial situation, we can help you secure finance:
) [659] => stdClass Object ( [post_id] => 78953 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => As a Nepali borrower, you may face specific challenges and have unique needs. These could include a limited credit history, language barriers, cultural preferences, and the need for a broker who respects your cultural values. Our brokers understand these challenges and are equipped to address them.
) [660] => stdClass Object ( [post_id] => 6354 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Find out why the valuation was low
The main reason that valuations come in low is that the valuer didn't find any comparable sales to support the value that you estimated.
However, there could be another reason. Some banks allow you to see a copy of the report, which can help you to work out why you didn't get the value that you expected.
Find comparable sales
You can use our guide on how to value a property to find recent sales of similar properties which can be used as evidence of the value of your home. When the next valuer comes out to see your property, you can give them a copy of your sales evidence.
Forget your existing bank
If your bank has a valuation on file showing your property to be worth a particular amount then that's it. You can get a private valuation or a valuation from another lender, however, your bank will always use the lower of the two. Your only choice is to use a different lender.
Get an up front valuation
Don't just put in another loan application! You'll damage your credit score by having too many enquiries on your credit file. Some banks allow us to order a free valuation up front before submitting a loan application.
Talk to us for assistance
Do you need help to get a better valuation of your property? Call us on 1300 889 743 or enquire online and one of our mortgage brokers can help you to refinance using a new valuation from a different valuer.
) [661] => stdClass Object ( [post_id] => 34783 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Depending on the size of the land, its location and what you intend to use it for, some lenders will allow you to borrow the following:
Please call us on 1300 889 743 or enquire online and we can tell you if you qualify for a rural home loan.
) [662] => stdClass Object ( [post_id] => 45485 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Some lenders are more conservative than others when it comes to high tension power line home loans.
You may be knocked back even if the property boundary is 150m away from power lines or a substation!
We're specialist in mortgages for unique property types so call us on 1300 889 743 or fill in our online enquiry form to discover if you qualify for a home loan.
) [663] => stdClass Object ( [post_id] => 32684 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>We have a dedicated post-settlement team and here are some ways our team can help you to manage your home loan:
Our mortgage brokers deal with many post-settlement queries on a daily basis so call us on 1300 889 743 or fill in our online enquiry form to discover how we can help you.
) [664] => stdClass Object ( [post_id] => 35162 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>First of all, you need to be a high net worth individual and typically earning at least $150,000 per annum.
However, to meet this income requirement, the bank will use 100% of any rental income you're generating from investment properties that you own.
As a general rule, the bank will only consider professionals that have an accredited manager, agent or accountant.
Get the experts on your side!
In the media and entertainment industry, it's very common to change roles on a regular basis.
For example, it's not uncommon for journalists to become television presenters.
Similarly, many retired athletes have been known to move from the sporting field into presenting and commentating positions at radio and television networks.
Because of that, it's best we assess your situation in full. In many cases, we can still get you approved for a home loan for entertainment professionals even if you don't quite fit the employment criteria.
Please call us on 1300 889 743 or complete our free assessment form to speak with one of our mortgage brokers.
) [665] => stdClass Object ( [post_id] => 31083 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Depending on the strength of your case, you’re eligible for the following with some of our commercial lenders:
Please call us on 1300 889 743 or complete our free assessment form to find out if you’re eligible for Anytime Fitness finance.
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Low doc unit trust loans are only available from a few lenders. Please discuss with us before looking to buy property.
To get the best loan package around for your unit trust, call us on 1300 889 743 or enquire online today. Our expert mortgage brokers know how to get tough loans approved!
) [667] => stdClass Object ( [post_id] => 8399 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
When borrowing more than 1 million dollars, both 90% and 95% LVR loans have strict lending criteria. These include:
In order to get approved, you need to find the lenders that will assess your situation more favourably. We specialise in loans over $1,000,000 at 90% and 95% LVR. Please enquire online or contact us on 1300 889 743 and we can help get your mortgage approved!
) [668] => stdClass Object ( [post_id] => 46285 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>No! Some lenders take a more common approach than others.
As long as you can show that you can afford the loan amount, you'll have a good chance at approval.
Typically, you'll need to provide:
We understand that professionals like doctors, accountants, lawyers and engineers tend to have high basic living costs and discretionary spending.
In some cases, completing a living expenses reduction declaration can improve your borrowing power drastically.
We can help good borrowers like you qualify for incredible home loan discounts so please call us on 1300 889 743 or fill in our online enquiry form to speak with a mortgage broker.
) [669] => stdClass Object ( [post_id] => 61063 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>The Australian property prices are hard to keep track of for someone unfamiliar with the recent property market trends.
Our mortgage brokers are all very much involved in the property market and hence monitor it closely.
Our experts can help you with the reconstruction or outstanding mortgage of the property you are looking to sell.
Give us a call on 1300 889 743 or fill in our free online assessment form today.
) [670] => stdClass Object ( [post_id] => 42098 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Instead of saving a big enough deposit or waiting until you earn a higher income, some Australians decide to rent in the area they really want to live in.
The most sought after areas tend to be metro locations or affluent suburbs with high property prices so paying rent is often cheaper than making mortgage repayments.
By investing in a reasonably-priced property in an outer suburb you pay less in loan repayments and generate some rental income.
With capital growth, you can also leverage the equity when you eventually decide to buy your own home in your dream suburb.
That's the theory anyway!
Give us a call on 1300 889 743 or complete our free assessment form and we can discuss with you what your home buying plans are.
We're experts in investment loans!
) [671] => stdClass Object ( [post_id] => 61808 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
As a property buyer, if you manage to buy the 'right property' in the 'right place', you could make a significant profit.
Brisbane also has suburbs extremely close to the CBDs, allowing you to reach work within 20 minutes - the new gold standard desirable lifestyle.
Our mortgage brokers can quickly assess your situation and get back to you with the best home loan options for Brisbane.
Please call us on 1300 889 743 or enquire online to go through your situation with an expert.
) [672] => stdClass Object ( [post_id] => 44710 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => By refinancing your home loan, you can:Discover more about the pros of refinancing below or, better yet, call us on 1300 889 743 and find out if you're in a position to refinance your home loan.
You can also fill in our easy online enquiry form to start the home loan refinance process today.
) [673] => stdClass Object ( [post_id] => 79274 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>With these tips, we hope to ease your journey and help you find the perfect place to call home. No matter if you're a buyer or tenant, don't let market conditions deter you. To get personalised assistance, fill out our free online assessment form or ring us at 1300 889 743 to speak with a mortgage specialist.
) [674] => stdClass Object ( [post_id] => 21507 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Home loans for pharmacists allow you to:
Speak to our specialist mortgage brokers today by calling us on 1300 889 743 or by completing our free assessment form to find out if you qualify for exclusive discount home loans for pharmacists.
Get LMI waived when borrowing 95%
Most borrowers are required to have a 20% deposit to avoid paying LMI. Saving 20% of the purchase can be quite difficult especially if you're just starting out in the workforce.
How much could you save by avoiding the cost LMI completely?
Literally, thousands of dollars!
For example, when purchasing a $1 million property at 95% loan to value ratio (LVR), you're saving between $21,330 and $23,805 in LMI fees.
You can use our LMI calculator to work out the LMI savings for yourself.
Pharmacists are considered to be lower risk than other borrowers and because of this, some of our lenders will allow to borrow up to 95% of the property with waived LMI:
Reduced interest rates are available
The size of the interest rate discount will vary depending on your professional status, total income and asset position, and the amount that you are borrowing.
Generally speaking, larger loan amounts (above $1 million) will attract the greatest rate discount.
The discounts and home loan fee waivers available are much higher than what banks advertise to the general public.
That's because there are a handful of lenders fighting very hard to attract borrowers who are professional pharmacists.
We also have strong relationships with the key decision makers at these banks to negotiate even sharper rates on your behalf.
A construction or building loan is usually based upon a fixed price contract. It can be land purchased with the intent to build, or property purchased with the intent to renovate or knock down and rebuild.
Cost plus contracts do not have a fixed price. This is normally because the builder cannot accurately determine the cost of construction so offering a fixed price would be a significant risk for them.
This is a problem for the bank! They cannot be sure that you have the funds to complete the project. The last thing that the bank wants is to be left with a half finished house as security for a large home loan.
If you are considering borrowing money to purchase property and to finance construction we can help. Some of our brokers specialise in cost plus construction loans, and can determine which lender is willing to assess your application.
To find out more, you can contact us on 1300 889 743, or you can enquire online and our brokers will contact you.
) [676] => stdClass Object ( [post_id] => 30605 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
A debt consolidation guarantee is a type of guarantee that allows borrowers to repay all of their credit debts. This can include your credit cards and personal loans, all rolled into one mortgage.
The guarantor provides their home as security for the loan. This reduces the risk to the lender allowing you to borrow 100% of the property value.
Having a debt consolidation guarantee also significantly reduces the interest you pay.
How much can I borrow?
Typically, lenders may allow you to borrow up to 110% of the purchase price with the help of a guarantor.
However, the debts you have must be less than 5% of the property price.
This strategy allows borrowers to step into the property market without having to wait to repay their debts, which normally takes several years.
Usually, the loan amount is enough to cover the purchase of the property as well as all other associated costs, including legal fees and stamp duty.
Call us on 1300 889 743 or fill in our free online assessment form to find out if you qualify for a debt consolidation guarantee loan today!
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Note: Most lenders restrict the amount you can borrow to 70% or less of the property value. Several lenders specialise in lending for these properties and can lend up to 80% of the value on a case by case basis. Some lenders refer to these types of loans as “jumbo loans” or “high value loans”.
Please enquire online or contact us on 1300 889 743 and our mortgage brokers will provide you with expert advice on the amount you can borrow for a luxury property.
) [678] => stdClass Object ( [post_id] => 44415 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Some lenders will limit your borrowing power because they believe that your income is likely to fluctuate and that rideshare drivers tend to only operate on a temporary basis.
Not all lenders take such a conservative approach!
We're experts at getting home loan approvals for Uber drivers so call us on 1300 889 743 or fill in our online enquiry form to find out how we can help you.
) [679] => stdClass Object ( [post_id] => 3847 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Some of our lenders have excellent policies that allow you to maximise the amount you can borrow when buying a property below market value.
Note: Most lenders are very restrictive in the way they assess home loans for buying a property below market value. Some will lend no more than 80% of the property value while others will use the lesser of the purchase price or valuation in their assessment.
Please call us on 1300 889 743 or enquire online to find out how much you can borrow.
) [680] => stdClass Object ( [post_id] => 43730 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Interest only offset accounts are generally only approved to property investors.
Please call us on 1300 889 743 or complete our online enquiry form so we can fully assess your suitability for this home loan type.
) [681] => stdClass Object ( [post_id] => 2019 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
The interest rates and fees be offered on a line of credit facility vary across all lenders but most will offer similar features such as ATM access, cheque books and internet banking.
If you would like to know more, please call us on 1300 889 743 or complete our free assessment form to speak with one of our mortgage brokers today.
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If you want to purchase a property in a mining town then call us on 1300 889 743 or enquire online and one of our mortgage brokers will be in contact to let you know which banks can approve your home loan.
) [683] => stdClass Object ( [post_id] => 34946 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Think of applying for a franchise loan like going for a job interview: you have to put your best forward and tell the lender why you're the right person for this finance.
The stronger the case you can present, the greater your chance of getting approved.
Some banks and lenders have an approved list of franchises but this list is changing all of the time!
It's important to speak with a specialist mortgage broker that has strong relationships with business finance arms of the banks.
We can help you to put a strong application together and check to see if they still have the appetite to finance Mad Mex franchise.
Please call us on 1300 889 743 or complete our free assessment form to find out if you're eligible for a Mad Mex franchise loan.
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Which lender will approve my application?
Not all lenders are hungry for a fast-food franchise and each of them have their own borrowing limits for a Red Rooster franchise loan.
By highlighting your strengths as a borrower and business owner, we can help you borrow the amount you need with a competitively priced commercial loan.
Choosing the right lender is key.
Call us on 1300 889 743 or complete our free assessment form to speak with a franchise specialist today.
) [685] => stdClass Object ( [post_id] => 34257 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
They assess your situation and compare loans
Unlike a bank, where it can sometimes feel like you're just a number, brokers delve deeper into a client's situation and ask the right question so they can find you the right solution.
The right lender may not necessarily be the one that will offer you a competitive interest rate.
It may simply be one that will approve your home loan, particularly if you've been knocked back for a loan in the past because you weren't able to quite meet standard bank lending requirements.
This is where mortgage brokers really shine because they're able to take your information and compare home loans from a range of different lenders and provide you with a product recommendation that best suits your needs.
A bank will try to do the same thing but they can only offer their own interest rates and products.
It's fair to say that you're potentially missing out on a great deal if you don't sit down with a mortgage broker.
Read more about mortgage brokers versus banks.
They make the home loan process easy
Even if you already have a mortgage, applying for a home loan can be a daunting, time-consuming and even frustrating experience.
Banks aren't always the best communicators and documents can seemingly vanish into thin air!
A mortgage broker can take care of the entire application process for you, organising your documents, speaking with the bank, pushing the process along, and acting as your only point of contact all the way up to settlement and beyond.
The great news is that organising an appointment and simply having a conversation with a broker is completely free.
Give us a call on 1300 889 743 or complete our free assessment form to speak with one of our senior brokers and get a feel for what the process is like.
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One of our banks can consider funding a dual key apartment if it meets the following criteria:
If you think your bank will not approve your home loan, avoid damaging your credit file with unnecessary applications and contact us instead.
With the help of a guarantor to secure your mortgage, you can actually borrow up to 100% of the property value plus the costs of completing the purchase.
Call us today on 1300 889 743 or send us an online enquiry. We can help you find the right lender who can approve your mortgage.
) [687] => stdClass Object ( [post_id] => 53040 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => Normally, a professional might get at least a 1% discount on the Bank Standard Variable (BSV) rate, but we can get you special interest rates discounts of up to 1.50% below BSV by negotiating with the banks. University professors and other staff can get special interest rate discounts if:
As specialist lenders are taking on a higher risk when approving people with bad credit, they charge a higher interest rate to mitigate this.
These lenders are known as non-conforming lenders because they're unregulated, non-deposit taking institutions (non-ADIs).
Specialist home loan providers have significant customer data and have identified that many borrowers with a poor credit file simply made a one off mistake, want a second chance and are less likely to default compared to someone who has never had a bad credit listing.
It's for this reason that they will consider black marks that wouldn't be approved by a mainstream lender, such as:
Golden tip:Having an adverse credit history doesn't always mean you need to pay bad credit interest rates.
Please call us on 1300 889 743 or complete our online enquiry form today.
We're experts in bad credit home loans and know how to present a strong case to the right lender.
In some cases, we can get exceptions to standard lending policies because of the relationships that we have with major banks.
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Not every lender is funded in the same way. In fact, in the USA it is actually the norm to be able to make extra repayments on your fixed rate loan. In Australia, there are only a handful of lenders that will allow you to make large extra repayments.
The lenders that do allow you this flexibility however have no restrictions at all for making extra repayments as long as you do not pay off the loan completely.
Please call us on 1300 889 743 or enquire online to discuss a fixed rate loan that allows extra repayments.
The above information about the major banks and other lenders is correct as at the time it was written. For specific information about how much you can repay off your current fixed rate loan please contact your lender. Both specialist lenders have competitive fixed rates similar to the major banks.
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If you can meet standard bank lending criteria and provide evidence of your income, subcontractors may be able to borrow up to:
Fill in our free assessment form or call 1300 889 743 and talk with one of our credit specialists and find out how much you can borrow with a subcontractor home loan.
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Find out if you’re in a position to refinance from low doc to full doc by calling 1300 889 743 or by completing our online enquiry form.
) [692] => stdClass Object ( [post_id] => 21444 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Banks are very conservative when it comes to lending money in general but none more so than when they are considering lending more than $1 million to any one customer.
If you own several investment properties and have total debts of more than $1.5 million then banks are even more wary about lending money to you.
Exposure limits can really catch a lot of people out. For example, let's say that you need a $3 million home loan to buy a property that's worth $4 million. You may have a 25% deposit but banks might restrict your loan to value ratio (LVR) because you're borrowing more than $2 million.
Luckily, not all banks have the same “comfort” level. In fact, some of our lenders are willing to accept up to $10 million in exposure. This is great news for professional property investors who have multiple home loans!
Of course, this all depends on your financial situation, the lender and our mortgage brokers' exceptional skills in presenting a good case to senior managers within the bank’s credit department and ensuring your application goes through to the right channels.
Please call us on 1300 889 743 or fill in our free assessment form to find out how we can help you.
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Home Loan Experts can help you lodge an application for the Family Home Guarantee scheme.We have other options available if you don’t qualify for the scheme.
Discuss your situation with our mortgage brokers today, and we’ll find you a home loan for your scenario. Call us on 1300 889 743 or fill in our free assessment form.
) [694] => stdClass Object ( [post_id] => 8049 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Most banks have conservative lending policies when it comes to bonus income. This is because a bonus or a once-off lump sum payment does not reflect your true annual earnings.
Alternatively, your salary whilst on a job overseas may be different from the pay you receive when you return from your posting.
For example, you may have been posted overseas in the military for 6 months. During this time, you may be earning $20,000 a month from both salary and allowances.
When you complete your posting, you will return to your normal salary of $70,000 a year.
As such, lenders are reluctant to include these funds in a serviceability calculation!
How can I get my military income included?
Most banks can't include your overseas income, unless we can give them a good reason why it should be.
This is why you should speak to us! We know which lenders have flexible lending criteria and can consider your allowance as part of your income. Enquire online or call us on 1300 889 743 to talk to a qualified mortgage broker.
Are any military purchase schemes or subsidies available?
There are two primary schemes available to Australian Defence Force (ADF) members. These include:
You may be eligible for both! To check whether you qualify for this assistance, please contact the ADF directly.
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Being a student visa holder doesn’t automatically qualify you for a mortgage in Australia, but you may still be able to borrow with help from your parents!
What are my options?
The first best method of buying a property is for your parents to buy an investment property in Australia in their name and to rent it to you. They would be doing this as an overseas property investor. So they must meet standard Australian bank lending criteria and need to apply for the Foreign Investment Review Board (FIRB) approval.
Most of the time, your parents will be eligible to borrow up to 70% of the property value. However, to qualify for FIRB approval, your parents must be buying a new property, not an existing home. The second option is to utilize the income from your overseas parents to service the loan, using full documentation or low documentation (Self employed) evidence for income. Your parents would not need to be on the title of the property. They will only be servicing the loan with their income for you.What if I have a job?
If you have a job and you are not working more hours than is allowed by your visa conditions, then we may be able to assist you in buying a property in your own name. To apply for a student visa mortgage in your own name you must have:
Most importantly, you must be able to prove that you can afford to repay the student visa mortgage using your income in Australia. This means that you will need to provide payslips, tax returns or a letter from your employer, depending on the lender that we help you to apply with.
However, if you cannot prove an income in Australia, then you should get your parents to buy a property in their name. You can’t apply for a home loan with your parents as a guarantor. To speak to someone who has in-depth knowledge of a student visa mortgage, please call us on 1300 889 743 or enquire online for some professional advice.
How much can I borrow on a student visa?
Despite being on a student visa, our lenders will allow international students on certain visa types to borrow up to 90% of the value of the purchase price, provided they meet the lending criteria. Some lenders may even be able to offer you a discounted student visa mortgage.
Want to find out your borrowing power?
Discuss your situation with our mortgage brokers, and they can quickly work out how much you will be entitled to borrow. Enquire online or call us on 1300 889 743 to find out how we can help you get approved.Will I need a deposit?
Yes, most banks require you to provide a 20%-30% deposit. You will need another 5% of the purchase price to cover purchasing costs such as stamp duty and conveyancing fees. If your parents choose to gift you some money to put towards the purchase price, then this will be accepted by most major banks. These funds must be deposited into your account before the application can be processed.) [696] => stdClass Object ( [post_id] => 22910 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
If you’re borrowing 80% of the property value or less, you may qualify for special pricing not advertised to the general public.
The special rates we may be able to get you are even better than the reduced rates on our interest rates page!
As a mortgage broker, we know exactly the wholesale funding position of the lenders on our panel and which of them are currently offering the most competitive negotiated pricing for people like you with your loan size.
To qualify for our High Net Worth Clients Package you would normally need to have:
However, if you’re borrowing less than 80% of the property value (LVR) and you earn a good income, we can sometimes make exceptions for property investors who have net assets less than $1 million and are applying for a loan under $2 million.
Complete our free assessment form or call us today on 1300 889 743 to find out what benefits you may qualify for as a high net worth individual.
) [697] => stdClass Object ( [post_id] => 23608 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Speak to our mortgage brokers by calling 1300 889 743 or fill in our free assessment form to find out if you can buy a commercial property in your SMSF.
Getting a sharp interest rate
Did you know that the banks have vastly different interest rates for SMSF loans used to buy a commercial property?
That's because this is a relatively new area of finance and most borrowers don't know what interest rates are on offer!
The banks charge higher interest rates, take less risk by limiting the loan amount and will not accept non-standard commercial and residential properties as security.
By using a mortgage broker you can be sure that you're getting a competitively priced commercial loan.
) [698] => stdClass Object ( [post_id] => 49876 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => There are fewer properties on the market compared to the number of buyers, so acting fast is critical. If you like a property, you need to make an offer quickly before other buyers do. Don't offer too low, as you'll likely miss out. This varies depending on the suburb. If you're preapproved and you have a conveyancer ready then you'll be ahead of most buyers. Before you start looking, secure the finance you need to purchase a property by getting a reliable pre-approval. Give us a call on 1300 889 743 or fill in our online enquiry form to get pre-approved. ) [699] => stdClass Object ( [post_id] => 68400 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => If you are considering getting a fixed-rate mortgage or already have one, we can help you lock in the best rates possible. We have helped thousands of homebuyers find the best rate for their loan situation. Speak to us on 1300 889 743 or fill this free online enquiry form to hear back from us. ) [700] => stdClass Object ( [post_id] => 63662 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Our expert brokers can help you get a home loan in Victoria.
Call us on 1300 889 743 or enquire online, and we can then discuss your situation with you.
) [701] => stdClass Object ( [post_id] => 13512 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>One year's tax returns
Some of our lenders do not need two years tax returns or financial statements.
This is great news for people who have a new business with a low profit in the first year or for businesses that had a one-off bad year.
You will need to provide:
Old tax returns
Did you lodge the last tax return some time ago? Out of date tax returns can be accepted by some of our lenders.
Lenders might request your Business Activity Statements (BAS) in case if the tax returns are not available.
As a general rule, you must meet the following criteria:
Not sure which lender can accept old tax returns for your business?
Please call us on 1300 889 743 or enquire online and one of our mortgage brokers will see if we can use your old tax returns.
How old can my tax returns be?
Your latest tax return must be from the financial year that ended no more than two years ago.
For example, the 2019/2020 financial year ended on 30/6/2020. So we can accept your 2018/2019 and 2019/2020 tax returns as evidence of your income until 1/7/2021!
Recent tax returns can be beneficial for you, especially if you can’t provide BAS. We know lenders who don’t require BAS if you have recent tax returns.
What if my old tax returns don't show a good income?
We can sometimes use an old tax return combined with 12 months BAS to prove your income.
The lender will use your old tax return to work out the profit margin for your business.
They then use the turnover from your BAS and apply this profit margin to work out your current profit. With this method, you can borrow up to 90% of the property value.
Who can use this method?
This is ideal for someone who has a good income, however, has not completed their most recent tax return.
How much can I borrow?
This is a full doc loan, otherwise known as a normal loan. You can borrow up to 90% of the property value and you can obtain discounted interest rates with one of our lenders.
If you provide BAS in case the tax return is not available, it will be a low doc loan.
Self employed contractors
As a self-employed contractor, you:
In this case, lenders might be able to accept your income with just your invoices and bank statements as evidence of your income. While some lenders might ask for more documents to validate your income.
In case you are also a PAYG employee, you might need to provide an accountant letter, BAS, or a tax return.
Please refer to our contractor loan page for more information.
Financials, without tax returns
Some of our lenders will accept two years financial statements without tax returns for alt doc home loans. Of course, there are some conditions:
This is a great option for someone who is delaying the lodgement of their tax return. Many business owners complete their financials soon after the end of the financial year but refrain from lodging their tax return so that they don't need to pay a large tax bill right away.
Self-Employed Salary As Income
If you’re self-employed and you get a regular salary from your business, you can now use it as income to apply for a home loan.
Suppose you are paying yourself salary/wages from your business. In that case, we can provide use six months' payslips and a letter from your accountant stating that the business can cover its debts and is trading profitably.
This policy is acceptable to some lenders instead of providing tax returns and financials.
) [702] => stdClass Object ( [post_id] => 9192 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>A question you must answer is whether or not to fix the rate of your loan. If you choose to do so, you can lose a lot of flexibility with your loan and you also may be charged fees (often called break fees as you are breaking a fixed contract), if you make changes or try to make extra repayments.
Read more about fixing your interest rate on our page about whether you should fix your home loan.
Changing the term of your mortgage can also affect your rates. For example, different Australian mortgage lenders may offer different rates for a 15 year term compared to a 30 year term.
How much you borrow can also affect what rates the banks will charge. Remember to also factor in lenders mortgage insurance if you are borrowing over 80% LVR (80% of the property value).
For information on interest rates and more you can talk to us.
If you are overseas, call +61 2 9194 1700 or enquire online.
Are you in Australia? You can call us on 1300 889 743 or enquire online. ) [703] => stdClass Object ( [post_id] => 67439 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
1. Woolloongabba
The Games will have a big impact on Woolloongabba, with median property prices forecast to jump from 1.09 million this year to more than $2 million by the time of the Games. The suburb is home to the Gabba, one of Australia’s most famous stadiums, which will receive a $1 billion facelift to accommodate 50,000 spectators for the Games. The stadium will host the Opening and Closing ceremonies. Suburbs close to Woolloongabba and the Gabba, like Annerley, Dutton Park and Coorparoo, are also expected to experience growth in prices.
2. Hamilton
One of the biggest Olympic-related median price increases is forecast to take place in Hamilton – from the current $1.65 million to a whopping $4 million after the Games. This will help improve the collective median price of Brisbane houses to $1.2 million by 2032, forecasts show. The biggest driver of Hamilton’s massive increase in property values will be the Athlete’s Village, which plans show will be built on waterfront real estate within the suburb. The homes constructed to accommodate athletes will be sold to the public after the Games. Also forecast to add to the boom is the planned development of Brisbane International Cruise Terminal in Hamilton, to facilitate the world’s largest mega-cruise ships.
3. Tennyson
The Olympic tennis tournament will take place in Tennyson, and experts say real-estate prices there will almost double – from the current $0.97 million to $2 million. An ongoing bid to re-open the southside passenger rail line from Corinda to Tennyson will also lift prices, if successful.
4. Albion
The construction of a new village in the inner-north suburb of Albion has been labelled Queensland’s largest waterfront urban renewal project. The conversion of the Albion Park Paceway into an Olympic indoor stadium is expected to increase property prices here.
5. Paddington and Kelvin Grove
The development of Brisbane Live Arena at Roma Street is expected to help elevate property prices in Paddington and Kelvin Grove, which are both less than 3 km from the site of the arena. The new world-class venue, to be built right at the heart of the CBD, will be the entertainment hub for the 2032 Games and will seat up to 17,000 visitors. Apart from infrastructure and transport line development specifically for the 2032 Olympics , major projects like the Cross River Rail, Brisbane Metro System and the Coomera Connector are set to be completed before the commencement of the Games. This spree of projects all but guarantees that property prices in Brisbane will experience a sharp rise in the decade to come.
The properties in Brisbane are getting sold out at record rates due to the predictions of increase in value over the next decade. If you would like to find your best option for purchasing a property in Brisbane, call our expert mortgage brokers at 1300 889 743 or fill out our free enquiry form.
) [704] => stdClass Object ( [post_id] => 2623 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>If you have many enquiries on your credit file then the lenders will see you as a high risk borrower.
They worry that you may have been declined by all of the other lenders, and they wonder what the other lenders know about you that they don't!
As a result, your credit score is reduced.
The good news is that some lenders have low credit score home loans for Australians that have too many enquiries.
When it comes to credit enquiries, the major lenders prefer if you only have one or two enquiries in the last six months, any more than this then it is likely for the banks to decline your mortgage.
However, there are some lenders who are stricter and will ask for explanations for all the enquiries that you have made in the last two years.
In this case it would depend on the reasons that you provide to the banks to determine whether your loan application will be accepted for finance approval or not.
Please call us on 1300 889 743 or enquire online to find out which lenders take a lenient approach to your credit file activity.
) [705] => stdClass Object ( [post_id] => 31086 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => Depending on the strength of your case, you may be eligible for the following:
Can I get residential interest rates?
Even if you're using equity in your property as security, the bank will still charge interest rates in line with a franchise or commercial loan. These rates are a little bit higher than standard residential loans because of the risk involved in business finance. However, we have strong relationships with a number of lenders and can often negotiate reduced interest rates depending on the strength of your application. Call 1300 889 743 or complete our free assessment form to find out if we can get you qualified for a Grill'd franchise loan.) [706] => stdClass Object ( [post_id] => 35500 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Discover if we can get you approved for a SumoSalad franchise loan!
We're franchise loan specialists that know how to build a strong case with the right lender.
Call us on 1300 889 743 or complete our free assessment form to speak with one of our mortgage brokers!
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Mortgages in Australia can be far easier and less stressful than other countries. As most regulations are nation wide and not state by state (like the US), it is easier for websites and brokers to bring together the information for you.
Australian professionals such as mortgage brokers are also bound to far stricter rules and regulations than those of other countries. They are therefore more likely to find you a mortgage with great terms and competitive rates. Mortgage broker services are mostly free for residential loans too!
Our brokers specialise in Australian mortgages and work with over 40 different lenders. You can contact us on 1300 889 743 (when outside Australia call +61 2 9194 1700), or enquire online.
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The ‘Best Training and Education’ category recognises businesses that are providing its mortgage brokers with the most effective and diverse training programs relevant to the important role that a broker plays.
Although our brokers have worked in the credit departments of the major banks, they are still run through a rigorous training program. It covers areas such as the credit requirements set out under the National Consumer Credit Protection Act (NCCP) and lender training, so that our brokers know immediately which lenders can help you. We also run a training course that covers all loan types and scenarios so we can provide the most accurate answers to you as our client.
We also offer external training opportunities to our mortgage brokers and require all of our staff to complete a skills audit six months after starting their employment with us and every 12 months after that. In this way, we ensure that our brokers' skills are always ready to handle your case with professionalism and a keen understanding.
Find out more about our intelligent and hard-working team. Call us today on 1300 889 743 to discuss your situation and you'll soon realise why we're called Home Loan Experts!
) [709] => stdClass Object ( [post_id] => 44665 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>The secret tip to borrowing 100% no LMI
Call us on 1300 889 743 or fill in our free assessment form to discover if you qualify for a 90% no LMI home loan, or whether you can borrow more and still avoid this huge mortgage cost.
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As long as you can prove that the fringe benefit is regular and ongoing, you could potentially borrow up to 95% of the property value or up to 105% of the property value with your parents acting as guarantor for your home loan.
Company car and LAFHA are two of the most common fringe benefits that we deal with.
One of our lenders will actually accept up to 100% of your car allowance or will add $5,000 to your assessable income.
Other benefits are accepted on a case by case basis.
The more fringe benefits or additional salary packaging income you can add to your assessable income, the more you can borrow!
How do I get approved?
We know of two lenders that will add fringe benefits to your gross taxable so it better reflects your actual income.
The amount that the lender will add and how much of the fringe benefit they will use depends on the type of benefit it is.
Call us on 1300 889 743 or complete our free assessment form to discover if you qualify for a fringe benefits mortgage.
) [711] => stdClass Object ( [post_id] => 75504 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => Think you are ready to buy? We can help you find the lowest rates for your situation and help you breeze through your home loan process. Call us at 1300 889 743 or complete our FREE online assessment form, and we’ll get back to you soon. ) [712] => stdClass Object ( [post_id] => 44745 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
Please call us on 1300 889 743 or fill in our online enquiry form to discover if you qualify for a TAC compensation home loan.
) [713] => stdClass Object ( [post_id] => 35503 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => Some of our lenders only offer home loans with reward points to people buying a house to live in. However, some lenders offer points and cash back incentives to investors as well. One of our lenders is currently offering 250,000 frequent flyer points or a $1,500 cash back on their home loans and investment loans if you bundle it with other products:
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The following details are normally required on the accountant's letter:
Please enquire online or call us on 1300 889 743 to find out which lenders have the lowest interest rates for low doc loans with an accountant's declaration.
) [715] => stdClass Object ( [post_id] => 63933 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
The major bank dropped its investor rates by 30 basis points to 2.79%.
Property investors welcomed the rate cut as government grants and schemes were steered towards first-home buyers only.
The property investors are returning to a dominant position in the market as the boom is sending prices higher, making it harder for first-time buyers to afford a property.
A study by an international bank in Australia has reinforced this.
The study also revealed that high-net-worth investors in Australia are optimistic about the economy.
For 73% of high-net-worth investors, the impact of a low interest rate on their investment was not of concern to them. They are not focused on generating returns but on preserving their wealth and increasing equity.
Diversifying their portfolio was a top priority for these investors.
On the other end of the spectrum, a report from a consumer advocacy group revealed that more than 55% of Tasmanian households with home loans are facing financial distress.
This comes as the federal government has proposed to remove responsible lending obligations enforced on banks and lenders.
With these obligations, lenders are required to do more to see that their customers can afford their home loan without financial stress.
Mortgage brokers are constantly working in the best interest of their customers as they operate under Best-Interests Duty. This new legal duty does not apply to banks.
Whether you’re a first-home buyer or a seasoned investor, our mortgage brokers are here to help. Call us on 1300 889 743 or enquire online today. ) [716] => stdClass Object ( [post_id] => 31054 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
If you can present a strong case to the lender, you generally have the following available to you:
Can I borrow more than 65% of the business value?
It really depends on your personal financial situation, your past experience and whether you're buying an existing Bakers Delight franchise with good fundamentals.
Not all lenders are the same!
Please call us on 1300 889 743 or complete our free assessment form to find out if you're eligible for a Bakers Delight franchise loan.
) [717] => stdClass Object ( [post_id] => 37938 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] => p>CCR or positive credit reporting can be beneficial to some borrowers because it gives you the opportunity to bounce back from a previously negative credit file.
However, it also means that Australians who had previously fallen just outside of getting a poor credit score are now being flagged.
The reason is that under the regime first introduced in March 2014, banks, lenders and credit unions are sharing more customer account information with credit agencies like Equifax (formerly Veda).
Specifically, your credit history now includes:
On top of this, Equifax still continues to collect the following information:
Not all banks and lenders have opted into Comprehensive Credit Reporting!
If you've got a bad credit history, there are specialist lenders and major banks that can help.
That's because not all of them have signed onto CCR.
Please call us on 1300 889 743 or complete our free assessment form to speak with one of our expert mortgage brokers.
) [718] => stdClass Object ( [post_id] => 11805 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>
We also have a lot of negotiating power with the 50-plus lenders on our panel. You can call us on 1300 889 743 or enquire for free online, and one of our specialist brokers will talk to you about what the other banks have on offer.
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In order to purchase a 7-Eleven franchise, the lender can't lend against the business value so you need to use a residential or commercial property as security.
There are two ways to get a great deal on your 7-Eleven franchise loan!
Firstly, having experience and a solid business plan can give you a better chance of getting approved and a better chance for us to negotiate a sharp interest on your behalf.
Secondly, by using existing equity in a residential owner occupied or investment property that you own, you can borrow upwards of 100% of the franchise costs!
Call us on 1300 889 743 or complete our free assessment form and discover if you qualify for a 7-Eleven franchise loan.
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Please call us on 1300 889 743 or enquire online to find out if your property title will be accepted.
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Most property investors are professionals who earn high taxable incomes and are in a strong financial situation.
Buying an investment property can be very expensive. Especially if you're borrowing at a high loan to value ratio (LVR).
For instance, an investment loan at 95% LVR is only suitable if you're in a strong financial position and have a good credit history.
Someone with a poor credit history isn't suitable for an investment loan as you won't make a decent return on your investment.
Also, if you're a foreign investor then you may need an approval from the Foreign Investment Review Board (FIRB). You can get more information about this on our FIRB page.
Call us on 1300 889 743 or complete our free online assessment form and speak with one of our brokers about your options.
) [722] => stdClass Object ( [post_id] => 43779 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Call us on 1300 889 743 or fill in our online enquiry form and one of our investment loan specialists will call you back.
We have helped many borrowers qualify for a loan to fund their plans to flip a property, from first-time renovators to seasoned investment professionals.
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The amount you can borrow will depend on your situation:
Please call us on 1300 889 743 or enquire online to discuss your situation with an expert mortgage broker who can help you get approved!
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For your reference, one hectare is equal to 10,000 m2 or 2.47 acres.
Note: Most lenders will have trouble approving mortgages for vacant land if the land is over 2.2 hectares in size. We have access to several lenders who can consider larger blocks of land depending on the strength of your application.
Our mortgage brokers are specialists in financing vacant land so please call us on 1300 889 743 or complete our free assessment form to find out how much you can borrow.
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Do you need a residential development loan for your next big investment?
Small developments (up to 4 dwellings)
Medium developments (over 5 dwellings)
Commercial developments
We have strong relationships with lenders that understand your plans to build a duplex, triplex, townhouse, or a larger commercial property.
Call us on 1300 889 743 or complete our free assessment form to find out if we can get you approved.
The last thing you want to do is run out of funds before construction is complete so setting up your loan in a way that supports your needs is crucial.
) [726] => stdClass Object ( [post_id] => 45445 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>How can a mortgage broker help?
We can assess your situation and work out how lenders would view your current spending.
In some situations, you may be able to make reasonable reductions to your spending to enable you to borrow more.
Call us on 1300 889 743 or complete our online enquiry form to speak with one of our highly experienced mortgage brokers today.
We have software that can download data from your bank and calculate your basic living expenses for you!
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The average credit score or Equifax Score (previously VedaScore) in Australia is 550, so any score below 500 is considered bad and scores below 400 are considered very bad.
Why is it such a big deal?
A bad credit score is a high-level indication of your credit-worthiness as a borrower and suggests that you are not financially stable.
Lenders assess literally hundreds of applications every day so just seeing this number can see your application stamped as high-risk by the credit assessor.
Of course, your credit score doesn't tell the whole story and some specialist lenders recognise this.
We’ve helped clients who had credit scores as low as 200 and even at -200.
In cases where we couldn't find a solution, we’ve helped them to develop a plan to move towards becoming an eligible borrower over 6-12 months (depending on their situation).
If you’re unsure of your score, try our credit score calculator to identify any potential issues in your credit file.
After that, give us a call on 1300 889 743 or complete our online assessment form to find out how we can help.
) [728] => stdClass Object ( [post_id] => 45003 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>The fact is every online mortgage allows you to apply online but, ultimately, a human being needs to gets involved at some point for regulatory reasons.
This means there's no escaping banking errors and delays.
By using a mortgage broker, you get the best of both worlds: a simplified online process with great technology backed by expert advice from specialists in home loan lending policies.
As an online mortgage broker we:
Online lenders are very risk-averse, and we know lenders that will take a more common sense approach to your situation and what you're trying to achieve.
Call us on 1300 889 743 or fill in our free assessment form to discover more benefits of using Home Loan Experts.
) [729] => stdClass Object ( [post_id] => 5143 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Our mortgage brokers are specially trained in financing properties that are a little outside of the box.
We can quickly work out which banks can accept that property as security and work out how much you can borrow.
One way to maximise your borrowing and potentially borrow 105% of the property value is with a guarantor loan.
Please enquire online or call us on 1300 889 743 to find out how we can help you.
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For your home loan application to be processed, you must provide at least two consecutive payslips.
Below are the standard requirements that payslips must meet before they will be accepted by a lender:
Some payslips won’t show annual leave, personal leave and long service leave even though you work full time or part-time. In cases like this, some lenders may require an employment letter confirming that you are in fact employed full time and/or an ATO notice to confirm that you’ve paid tax on the income you’ve earned.
Does your payslip look something like this?
If not, please call us on 1300 889 743 or fill in our free assessment form. One of our mortgage brokers can tell you whether or not you need to provide further income evidence.
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Just like borrowing to buy a standard property, the amount you can borrow and the loan terms available to you depend on the strength of your application.
Call us on 1300 889 743 or complete our free assessment form to discover how much you can borrow.
Why speak to a mortgage broker?
The mortgage brokers at Home Loan Experts understand complex credit scenarios including getting approved for franchise finance.
A number of our senior brokers have commercial credit experience with a number of years in the credit departments of a number of major banks and lenders.
In addition to this, we have almost 40 lenders to choose from and we know the key decision makers.
What does this mean for you?
Because we know exactly what banks are looking for in a Gloria Jean’s franchise loan application, we can highlight the strengths of your situation and mitigate any concerns we know the bank may have by providing strong evidence and reasoning.
With the lender relationships we have in place, we can not only get you approved but we are even in a position to negotiate higher borrowing limits (LVR) and reduced interest rates.
What does the lender want to see?
Franchise loans are typically seen as a higher risk than buying a standard commercial property like a retail shop or an office building.
The trick to getting approved is providing strong evidence of your financial situation and your character as a business owner.
If you’re currently working, you should provide:
Do you need help with refinancing your residential property to cash out equity?
Our mortgage brokers can help you do just that!
Depending on how much equity you have to put towards the purchase, you may be able to borrow up to 100% of the business value.
Complete our free assessment form to discover how much you can borrow for a Gloria Jean’s franchise loan.
Why do I need experience?
Banks can’t simply lend on the value of the Gloria Jean’s brand alone!
Even though you’re starting your own independent coffee shop, you’re still going to be running a business and all of the costs and management requirements that come with it.
It’s for this reason that banks usually ask that applicants have at least 3 years experience working in a similar industry, like hospitality, and in a similar-sized operation.
A senior supervisory or managerial role is preferable.
The more evidence you can provide, the better!
Ask your old boss and staff members for a reference. You may even want to ask your previous employers for their last 2-3 years business activity statements (BAS) and profit and loss (P L) statements that shows revenue increasing year on year.
The bottom line is that bank wants to see that you’ve had success in running a business in the past.
Experience plus a detailed business plan of how you plan to run the franchise over the next five years is at the heart of any good Gloria Jean’s franchise loan application.
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As a Singaporean investor, you can borrow up to:
Our mortgage brokers are experts in non-resident home loans. Please call us on 1300 889 743 or fill in our free assessment form.
) [733] => stdClass Object ( [post_id] => 33349 [meta_key] => add_site_layouts_1_post_editor_option [meta_value] =>Do you want to buy a commercial property for your business or need business finance but don't want to dip into your cash flow?
You may be able to get a 100% commercial loan with a combination of equity in an existing residential property that you own, a guarantor or your own business assets, including client book and equipment.
Golden tip
Remember, you can actually use a combination of all three types of security to borrow up to 100% of the commercial property value.
This can often be complex and time-consuming when it comes to applying with the bank, but a mortgage broker can make it really easy.
We can properly assess your asset position, get a good idea of the value of your business, and come back with an indicative funding approval for a 100% commercial loan.
Call 1300 889 743 or fill in our online enquiry form to speak with one of our specialist mortgage brokers to find out if we can make this happen!
1: Property
The most straightforward way to borrow 100% of the commercial property value is to use existing equity in a property that you own as security for the loan.
Residential property
If you're looking to finance the purchase of a commercial property or you need finance to kick-start your new venture, you can borrow up to 80% of the property value in equity for the purchase.
However, certain professionals like medical practitioners, veterinarians, dentists, accountants and lawyers can actually borrow up to 90% of the property value in equity.
Commercial property
If you're already in business and you own your business premises (freehold), you can actually borrow against your property for any working capital or equipment finance that you need.
For standard commercial properties like warehouses, factories and retail shops, you may be able to borrow anywhere up to 70% of the property value in equity.
For specialised or purpose-built properties like farmland, aged care facilities and child care centres, you may be limited to borrowing up to 50-60% of the property value in equity.
In some cases, the bank may not accept it at all.
You can check out our commercial property loan page for the typical Loan to Value Ratios (LVR) available for the different types of real estate that our lenders can finance.
2: Guarantor
If you don't want to tie up the equity in your property with a commercial loan, you can either ask your parents, a friend or a business partner to act as guarantor for your loan.
Basically, instead of using your property as security, your guarantor can use their property instead.
How much equity can they put up as security?
Your guarantor can provide up to 80% of their property value as equity or up to 60-70% if they're using a commercial property.