Are you looking to purchase your next home or upgrade your current home?
Home loans help individuals and families achieve homeownership by offering financial assistance tailored to their needs. Whether buying a first home, upgrading, or refinancing, they allow costs to be spread into manageable monthly payments.
Options like fixed-rate, variable-rate, and government-backed loans cater to different financial situations and goals. Securing the right loan involves understanding your budget, comparing interest rates, and selecting terms that fit your lifestyle, making expert guidance essential.
Home loans help individuals and families achieve homeownership by offering financial assistance tailored to their needs. Whether buying a first home, upgrading, or refinancing, they allow costs to be spread into manageable monthly payments.
Options like fixed-rate, variable-rate, and government-backed loans cater to different financial situations and goals. Securing the right loan involves understanding your budget, comparing interest rates, and selecting terms that fit your lifestyle, making expert guidance essential.
Buying your first home is an exciting milestone, but navigating the process can feel overwhelming. We’re here to guide you every step of the way, from understanding your borrowing power to securing the right loan for your needs. With access to a wide range of lenders and exclusive first-home buyer incentives, we’ll help you make informed decisions and get into your dream home sooner. Let’s turn your homeownership dreams into reality!
Have you outgrown your current home? Looking to upgrade or relocate?
There are many different ways you can go about purchasing your next home or upgrading your current property. This is why using a trusted mortgage broker is the best way forward when you decide to refinance or upgrade.
At Smart Lending, we simplify your home loan options, making them easy to understand and providing expert direction to help you secure your next dream home.
Whether you’re looking to lower your repayments or grow your property portfolio, we’ve got the tools and expertise to help you succeed.
Unlock better rates, reduce monthly payments, or pay off your loan faster. Our refinancing solutions are designed to save you money and provide flexibility for your financial goals.
Maximize returns with tailored investment loans that fit your strategy. From first-time investors to seasoned professionals, we offer insights and options to grow your wealth confidently.
Get started with your FREE loan consultation today. Click the get started button now
When buying your next home, consider factors such as your current financial situation, your long-term goals, whether to keep your existing property as an investment or sell it and how these decisions will impact your borrowing capacity and overall financial health.
Keeping your existing property as an investment can provide rental income and potential capital growth. However, it’s important to evaluate the rental market, property management responsibilities, and tax implications. Professional advice can help determine if this is a viable option for you.
Our Australian based mortgage brokers provide expert advice on loan options, help you understand your borrowing capacity, and ultimately, negotiate the entire loan process on your behalf. We walk your hand and walk you through the entire process.
You can release equity by refinancing your current mortgage or taking out a home equity loan. This can provide funds for a deposit on your next home. It’s essential to understand the costs and risks associated with this option, and professional advice can guide you through the process.
A bridging loan can help you buy a new property before selling your current one by covering the gap between the purchase and sale. It offers flexibility but often comes with higher interest rates and fees. Consult with one of our expert mortgage brokers to see if this is the right solution for your situation.
We’re all unique when it comes to our finances and borrowing needs. Contact us today, so we can help with calculations based on your circumstances
Our summary of loan types and features will help you learn about the main options. There are hundreds of different home loans available, so let us provide a short-list of the most suitable loans for your individual needs.
Usually between 5% — 10% of the value of a property, which you pay when signing a contract of sale. You may be able to borrow against the equity in your existing home or an investment property. Speak with us to discuss your options for a deposit.
Your repayments will depend on the loan size, interest rate, and repayment type on your home loan. Contact us today, so we can help with calculations based on your circumstances.
Most lenders offer flexible repayment options to suit your pay cycle. Aim for weekly or fortnightly repayments, instead of monthly, as you will make more payments in a year, which will shave dollars and time off your loan.
There are a number of fees and costs involved when buying a property. To help avoid any surprises, the list below sets out many of the usual costs:
Stamp duty — This is the big one. All other costs are relatively small by comparison. Stamp duty rates vary between state and territory governments and also depend on the value of the property you buy. Contact us to find out more.
Legal/conveyancing fees — Generally around $1000 – $1500, these fees cover all the legal requirements around your property purchase, including title searches.
Building inspection — This should be carried out by a qualified expert before you purchase the property. If making an offer, the Contract of Sale should be subject to the building inspection (if possible), so if there are any structural problems you have the option to withdraw from the purchase without any significant financial penalties. A building inspection and report can cost up to $1000, depending on the size of the property.
Pest inspection — Also to be carried out before purchase to ensure the property is free of problems, such as white ants. Your Contract of Sale should be subject to the pest inspection (if possible), so if any unwanted crawlies are found you may have the option to withdraw from the purchase without any significant financial penalties. Allow up to $500 depending on the size of the property.
Lender costs — Most lenders charge establishment fees to help cover the costs of their own valuation as well as administration fees. We will let you know what your lender charges but allow about $500.
Mortgage Insurance — If you borrow more than 80% of the property value, you’ll need to pay Lenders Mortgage Insurance (LMI). You may also consider whether to take out Mortgage Protection Insurance.
Ongoing costs — You will need to include council and water rates along with regular loan repayments. It is important to also consider building insurance and contents insurance. Your lender will probably require a minimum sum insured for the building to cover the loan. If you buy an apartment or unit, regular body corporate fees are usually payable.
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