Landing An Affordable Mortgage For Homebuyers In Melbourne

Seddon Melbourne Mortgage Broker

There’s nothing better than getting the keys to a house that you love. The issue is that much has to happen before you’re able to enjoy that moment. Before then, you’ve got to go through the complicated process of negotiating a home loan with the banks and everything else. This, of course, can be unpleasant. However, securing a home loan doesn’t have to be stressful. Here at Stark Finance, we’re experts at helping people make their dreams come true. We know everything there is to know about getting a home loan in Australia, so you can have peace of mind that you’re on your way towards getting the best deal possible.

Homebuyers Essendon
Homebuyers Taylors Lakes

The process of getting your hands on the keys to a house can be long, but it’s not a journey that you have to make all on your own. If you bring the right people on board, then you’ll find that you’re able to reduce the stress you feel in significant ways. It can be extremely difficult to get an affordable mortgage if you haven’t got any experience in securing one.

So if you’re ready to get the best deal on a mortgage in Australia, then be sure to get in touch with us here at Stark Finance. With our level of experience and expertise, you can have faith that you’ll be working with someone who knows exactly how difficult it can be to secure an affordable mortgage — and who also knows that it doesn’t have to be that way

Book Your Free Home Loan Review

Access to the best Australian loan providers

Get access to over 40 banks and lenders through our independent mortgage broker.

Find out how much you can borrow

Use our loan calculator to get a first impression of how much you can borrow. Our expert loan broker will be able to give you a clearer picture based on your personal situation.

Home Loan Questions

There is so much information out there on home loans. James cuts through the confusion to work out what’s best for your personal situation. Here are some mortgage questions he gets asked every day.

A mortgage broker is a financial professional who can help clients find a home loan with a lender.  They act as the intermediatory between lenders and borrowers.  It is best to check the qualifications of your mortgage broker.  They should be a member of a professional mortgage association such as the MFAA or FBAA.  

Mortgage brokers can provide you with an efficient and cost-effective service.  They can help you to get the best home loan for your circumstance as they are able to:

  • Research the home loan market
  • Negotiate a home loan deal
  • Organise and put your home loan into place

When you use a mortgage broker for a home loan, there should be no charge.  Their full service of: advising and giving information on loan products, negotiating the loan you your behalf and managing your paperwork through to settlement, should be provided to you at no cost. Mortage brokers get their payment from the chosen lender after settlement of your home loan. 

There are a large variety of home loans options supplied by different financial institutions.  It is a mortgage brokers role to help you to find the most suitable loan structure and secure your ideal solution.  The types of home loans they will consider for you are:

  • Fixed rate home loan – your interest rate remains the same amount for the whole time
  • Variable rate home loan – the interest reate varies according to market conditions
  • Split loans – you can have part variable rate home loan and part fixed rate home loan
  • Building and construction loans – this loan is drawn down in stages
  • Honeymoon and introductory loans – these have a discounted interest rate at the beginning of the home loan  

These loans are usually for people who are self-employed or small business borrowers who do not have a regular income and aren’t able to provide current financial information as required by lenders.  They require different documentation such as self-declaration of income, accountants certified letter, 12 months of business activity statements or 3 months of business activity statements. 

These are loans that require documentation that verifies your income and assets through financial and other related documents.  They can offer a more cost-effective option for borrowers. The documents that are typically required for verification are; 2 years of financial statements, 2 years of business and personal tax returns, loan statements, payslips and bank statements. 

Melbourne Areas we serve

Whether you’re looking for a house and land package in Melbourne’s newest northern and western suburbs, or a new home in a more established area, we’ve got you covered. We know the requirements of all the land developers and builders, like Symonds, Eight Homes and Metricon.

  • Altona
  • Caroline Springs
  • Epping
  • Essendon
  • Geelong
  • Keilor East
  • Moonee Ponds
  • Sunshine
  • Sydenham
  • Tarneit
  • Taylors Lakes
  • Thomastown
  • Truganina
  • Werribee
  • West Footscray
  • Williamstown
  • Yarraville
  • and more…

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