Unlike the banks, we don’t push any lender or loan because we will get paid the same amount regardless of your choice. Instead, we focus on doing a great job and finding you a loan you are happy with, so you’ll consider us for any further loans you may need in the future.

When you use our home loan services, the lender you choose pays our fee. You can come and talk to an expert in the Perth home loan market and get great recommendations from various lenders at no extra cost.

Most lenders will accept a home loan deposit of 5% if you are accepted. However, saving 20% or more will offer you significant advantages. The bank may give you a better interest rate, as you are now less of an investment risk to them. You can also avoid paying Lender’s Mortgage Insurance because your loan-to-value ratio is 80% or less. Taking a smaller loan will also mean that you end up paying less interest in the long run.

How much you can borrow depends mostly on your ability to repay the amount, and how much you can afford. The lender will look at your income and weekly expenses, and make a judgement as to how much they are willing to lend.

The banks will usually be willing to lend you as much as you can afford, assuming there are no extenuating circumstances.

There are numerous types of home loans available, usually classified by interest rate type. Here are some of the main types of home loans:

Variable rate home loan – The interest rate will rise and fall over the period of your loan, due to changes in the official cash rate or decisions made by your financial institution. This type of loan is generally more flexible, but does mean your repayments are subject to rises and falls in the interest rate.

Fixed rate home loan – The interest rate will remain the same throughout the life of your loan. This gives you a clear picture of your repayment amounts, but doesn’t allow you to take advantage of improvements in interest rates.

Split home loan – This type is a combination of variable rate and fixed rate home loans, where part of your home loan is subject to variable interest rates and the other part will remain fixed.

Interest-only home loan – Only the interest is paid off, meaning that the principal will remain unpaid. This will usually revert to an interest and principal loan after a short time frame (1-5 years). This type of loan isn’t a good idea for standard home buyers in most cases, as you will end up paying more interest overall. However, it might be suitable for investors or buyers who don’t plan to hold onto the property for long.

Interest rate is not the only classifier of home loan types. You can find different loans depending on whether you are buying your first home, building your own home, renovating or buying a second home or refinancing your current mortgage.

There are so many different types of home loans and lenders out there, and it’s easy to feel overwhelmed with options. Come and speak to us about your specific situation, and we’ll help find the best one for you.

Pre-approval is not a necessity for any home loan. However, it does offer significant advantages that may interest you. Pre-approval will give you an amount that you know you can borrow, which means you can narrow your search for houses down to those within your means. It will also allow you to make a serious offer on the spot if a great opportunity arises. Having a pre-approved loan means you won’t have to find a new loan every time you want to make an offer.

The home loan pre-approval process can be more difficult, but it’s definitely worth the extra freedom and peace of mind it provides. We can make your pre-approval process easier by doing all the dealings with the bank for you, making pre-approval a great option for your home loan.

When you come to us for your home loan, our service is free. You’ll get our expert opinion on home loans, without adding any cost to the process.

However, the loans that we find for you may come with various fees, which we will outline for you in the decision-making process. Some of the fees that you can expect include:

• Home loan early exit fee (when you pay out your mortgage in full within a specified time period)
• Home loan discharge fee (when you pay out your mortgage in full)
• Lender’s mortgage insurance (to protect lenders from borrowers not being able to repay the loan)
• Home loan establish fee (one-off set up fee)
• Home loan ongoing fee (charged monthly or yearly for administering your loan)

Some other fees that may apply in certain circumstances include:

• Property valuation fee
• Late payment fee
• Break fee (if you switch loans during a fixed rate term)
• Redraw fee (if you use a redraw facility)
• Account-keeping fee for offset account (if you have an offset account)

When you consider all of the different fees, it just adds extra confusion to the home loan process.

We can help you walk the winding road of finding the right home loan, and present you with great loan options that come with lower fees. Don’t forget, our fee is paid by the lender, so our service is free for you!

The speed at which your loan is approved depends on the borrower (you), the lender and the type of loan. While the speed of your loan may be variable, we can guide you through every step of the process and help you meet deadlines.

If speed is important to you, we can help you find a lender that will do a faster approval and help you get into your new home now.

The home loan application process differs for various lenders, but when you choose us you don’t have to worry about that. We will handle the application process, making it as easy as possible for you while helping you find the best loan.

We get to know your home loan needs and then bring you the best options to suit your situation and cost you less, so you can be confident that you are getting a great deal.

You can apply our home loan services simply by contacting us through our website or giving us a call on 08 9371 8844.