RESIDENTIAL PROPERTY LOANS
Tailored financial solutions for residential property purchases!
Years in business, servicing all of Australia
Repeat clients and referral rate.
Your Trusted residential Lending Partners
Helping you achieve your residential property purchase goals
Residential lending in Australia refers to the process of obtaining a loan (mortgage) to purchase or refinance a residential property. This can be for personal or investment purposes.
Key considerations include:
- Fixed or variable interest rates
- Loan to Value Ratio (LVR) determined by the deposit contribution
- On-going fees and charges
- Eligibility criteria
- Interest only vs principal and interest repayments
HOW WE HELP
Effortless and hassle-free home loans
- We discuss and determine your personal goals to ensure the loan product is right for you.
- We explain the various options available to you including Government Schemes that you may qualify for.
- We direct you to lenders who look most favourably on your personal circumstances. For example, some lenders have more favourable lending policies relating to overtime income than others.
- We present your loan in the most favourable way possible, ensuring we get you the best possible rate and terms.
- We are your trusted advisor, supporting the loan process all the way from pre-approval to settlement and beyond.
Don't let finance hold you back from securing the opportunities you deserve.
Frequently asked questions
What factors affect my eligibility for a home loan?
- Credit score and history
- Income and employment stability
- Existing debts and expenses
- Size of deposit
- Type of loan and property
What is the minimum deposit required?
- 20% deposit: Avoids Lenders Mortgage Insurance (LMI).
- 5-10% deposit: Possible with LMI or government assistance schemes.
What is Lenders Mortgage Insurance (LMI)?
LMI is insurance that protects the lender (not the borrower) if the borrower defaults. It’s required when borrowing more than 80% of the property value.
Do I need a good credit score to get a home loan?
A good credit score improves your chances, but there are lenders who offer loans to borrowers with credit impairments (often at higher interest rates).
Can I get a home loan if I am self-employed?
Yes, for major banks self-employed borrowers may need at least two years of business financials and tax returns. Non-bank lenders offer alternative lending solutions, enabling loan approval with less than two years of business financials and tax returns. These are generally at higher interest rates to those offered by the major banks.
What documents are required to apply for a home loan?
- Proof of ID (passport, driver’s license)
- Proof of income (payslips, tax returns)
- Bank statements (savings, liabilities)
- Loan statements (if refinancing)
- Purchase contract (if buying)
What Our Clients Say
Client testimonials
Don’t just take our word for it. Hear what our clients have to say and how we’ve made a difference
Get in Touch with Us
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Want to know more about our services, need assistance with your loan or want to discuss your options?