Purchasing your home can be one of the biggest decisions you make in your life, that’s why it is so important to ensure you choose the right home loan for your needs. This is where we can help you.
The home loan application process can be stressful with all the options available. That’s why using a Loan Market broker can be a massive help. We do all the leg work to investigate loans from over 30 lenders to offer you competitive options available to meet your needs.
Home loans are available in many different variations. There are introductory, fixed and variable rates offered by lenders, with interest only or principle & interest (P&I) repayment options. The fee structures and the features and benefits offered by each lender differ and there are a multitude of variations available to suit your needs so obtaining expert advice is not just smart but essential.
With access to over 30 lenders and several hundred different loan products using our services are essential to achieving your dreams.
If you are yet to find your dream home gaining a pre-approval can help to ensure you are best positioned to buy when your dream home comes on the market. A pre-approval means you know exactly how much you can afford to pay and what your repayments will be. This can give you a competitive advantage over others buyers who are yet to obtain finance.
Lenders have varying requirements in regards to deposits towards your purchase. Different amounts are required for different loan options.
Your deposit could come in the form of genuine savings or non-genuine savings like gifts or inheritance. If neither of these options are available all is not lost. You can use equity in an existing property or a guarantor can offer their property as supporting security. This allows borrowers with limited or no savings to enter the housing market.
If you elect to build your dream home you will need a construction loan. Lenders rules and guidelines can differ in this area. Some lenders need a larger deposit, others restrict the use of loan funds, some charge higher interest rates and others do not lend for this purpose.
We have extensive experience in this area and can tailor a lending package to suit your scenario.
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