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Applying For A Mortgage

Do I need a mortgage broker to arrange my home loan?

Unlike other countries, most Australian mortgage brokers do not charge fees for their services and offer the same loans at the same prices!

There are over 300 banks and other lenders in Australia and over 1,000 different types of loans.

For this reason it is essential to obtain the help of an expert when applying for your loan.

This is why more Australians choose to obtain their home loans through a broker than by approaching banks directly.

Why use us as your mortgage broker?

The majority of Australian brokers do not regularly deal with foreign investors or people living in Australia on temporary visas. We are experts at obtaining the cheapest home loans for non residents and can help guide you through the borrowing and buying process.

For those of you with more complex transactions or larger investments you can deal with one of our experts that has experience in high value or commercial finance.

Do we finance properties outside Australia?

If you are looking for assistance with a loan in your country to buy a property in a country other than Australia, we cannot help you.

How are Australian mortgages different?

Obtaining finance in Australia is quite different from other countries such as the UK or USA. Many new migrants find that the service from our banks is very poor and inefficient and that the banking fees in Australia are relatively high.

Despite this, the loan types available in Australia are very flexible and easy to manage once they have been set up:

  • You can manage the loan using internet banking.
  • You can normally make unlimited additional repayments, except with fixed rate mortgages.
  • You can normally access / redraw the extra repayments that you have made.
  • Some banks have specialist non-resident / foreign customer call centres or credit teams.
  • Some banks offer packages which include a cheque account, credit card and mortgage all with special discounts.
  • A few of our lenders have flexible policies and fewer restrictions for people overseas that are buying a property in Australia.

The biggest mistake that most non-resident borrowers make is to apply with a bank that has inflexible policies for foreign borrowers. If you use a mortgage broker and apply with the right lender, then you can get a very competitive mortgage approved in no time at all!

What kind of banking packages are offered?

Many of the major lenders in Australia offer banking packages with their mortgages, these are known as Professional Packages or Pro Packs for short.

A typical Professional Package will have an annual fee of $300 to $400, however in return for this fee, you will be eligible for a large rate discount on your loan, waived application fees, waived monthly account keeping fees, a free credit card with rewards and discounts on insurance.

As a general rule, these package discounts are better suited for home loans over $250,000.

Apply for your loan today!

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.

  • Kirwan

    Yeah, I was thinking of going directly with a bank so why should I use a mortgage broker instead?

  • Hi Kirwan, our mortgage brokers are credit specialists and we can help you negotiate a better deal on your mortgage and organise your application and everything else too. What’s better is that in most cases, you won’t need to pay us anything. You can check out our mortgage broker vs. bank page to learn more:
    https://www.homeloanexperts.com.au/about_us/mortgage-broker-vs-bank/