Home Loans
Home Loans
The finance market is very competitive with both local and international banks, building societies, credit unions and a range of specialist lenders offering a seemingly endless choice of home, investment, business and commercial finance options.
When it comes to the home mortgage market, as a starting point there’s honeymoon rate loans, introductory rate loans, no deposit loans, standard variable rate loans, capped rate loans, fixed rate loans, line of credit loans, professional packages with discounted rates if you are borrowing more than $150,000 and the list goes on. Research is paramount and knowing where to look and who to ask is a good starting point, after all for every $100,000 you borrow a 0.1% discount will save you thousands of dollars in interest over the life of a loan.
Researching your loan options online is a good place to start. You may also choose to visit each and every bank directly, alternatively you could utilise a professional mortgage broker to help you find the right home loan for your needs.
What a good mortgage broker does for you
A good mortgage broker will give you access to a greater range of mortgage options, quality service and a strong voice in your negotiations with banks and lenders. A mortgage broker offers loans from a panel of financial institutions, including major banks and other secure lenders and can give you both a good understanding of what is available as well as work with you through the process of getting your loan.
Your mortgage broker will:
- Discuss your existing situation, your investment finance needs and requirements, and obtain all necessary information pertaining to your home loan application.
- Explain the types of investment finance available to you from a range of banks and specialist finance companies.
- Based on the information provided by you and utilising specialist software, match your investment finance requirements to a selection of investment loan products offered by our panel of lenders.
- Provide an overview of your 'Purchase Budget' incorporating the relevant costs associated with your investment loan application in writing.
- Provide an in-depth overview of the investment loan product or products you select in writing.
- Complete and package your investment loan application and deliver it to the lender's assessment team on your behalf.
- Act as an intermediary between you and the lender, negotiating the terms and conditions of your loan. They will also answer any questions the lender's assessment team may have.
- Liaise with your solicitor, real estate agent and accountant and any other related parties to ensure a smooth and timely settlement.
- Assist with any future loan requirements, including finance for additional investment properties.
- Act as a valuable information service beyond the settlement of your loan by providing you with relevant information on the home loan market, updates on products and special offers that may be of interest to you.
Use a professional Mortgage Broker
Loan Market Home Finance Brokers work closely with real estate networks and especially understand the realities of getting your home settled on time and at the right price. Loan Market mortgage brokers are based in almost every suburb and community in Australia, including the Gold Coast, and together secure in excess of $600 million in home finance each month, Loan Market Home Finance Brokers have access to hundreds of loans and bring to you every major residential, commercial and business bank and lender in Australia, along with a wide range of leasing and personal finance lenders and deposit bond providers.
Ask your real estate agent to put you in contact with a local mortgage broker or, for more detailed information on how much you can borrow, home loan pre-approval or the home finance in your best interest call Loan Market Home Finance brokers direct on 13 LOAN or for overseas callers on ++ 61 2 9249 3739 or email customerservice@loanmarket.com.au and your local home finance broker will be in contact with you within two business hours.
Related information:
Home loans for the self-employed
Construction and Renovation Home Loans
