Finding The Right Home Loan
Modern Edge Finance Will Help You Navigate The Myriad Of Home Loan Types
Let's Take a Look At A Few Options
Refinancing Your Home Loan
Refinancing your mortgage is the process of changing your home loan to suit your changing circumstances.
It is strongly recommended that you get a mortgage health check every few years to ensure you are not paying too much interest and you are maximising your repayments and reducing your costs.
Most common reasons to refinance:
to save on interest rates
to allow more flexibility than your current loan offers
to set up an offset account
to change to interest only repayments for a period of time
to move from a variable rate to fixed rate or vice versa
you might need extra cash to renovate your home
you could possibly pay off your debts at a cheaper rate by rolling them into your home loan
you may want to raise cash for another investment property purchase
There are obvious benefits to saving money and/or achieving some of the objectives listed above. A home-loan health check will generally not cost and could save you thousands of dollars.
Your home loan features could be improved, you could find yourself with a lower interest rate or a change to your payment program making your repayments more manageable.
Residential Property Finance
Buying a home is one of the most prevalent things you will undertake during a lifetime. We are here to help by making sure you have the information and options you need to find the mortgage solution you’re looking for.
There are many home loans to choose from, with new ones consistently being introduced to the market, not to mention special offers and limited time only deals. As a broker we’ll not only help you find a loan that suits your particular needs, but we’ll also help complete the paperwork, and submit the application for you.
This is why more than half of Australian borrowers now use a Mortgage Broker to secure a home loan.
First Home Buyers
Buying your first home is an exciting big step to take and one that will most likely come with many questions and decisions to make. The first important question is how much you can borrow and what will your repayments most likely be. That’s where we step in, comparing home loans across a variety of products available from Australia’s leading lending institutions based on your financial and personal circumstances.
Being a first home buyer, you may be eligible for a first home buyer grant and/or concession. As T&C’s vary from state to state, contact us to find out more about eligibility requirements in your state and how this would apply to you.
We will also liaise with the lender. It’s our job to do the hard work while you focus on finding the right home. We’ll be there every step of the way to guide you through the entire home loan process – from application to approval to settlement.
A construction home loan is a type of loan designed for people who are building a new home or doing structural renovations to their existing home, as opposed to buying an established property. It has a different loan structure to the standard loan.
Unlike residential loans, construction loans most commonly have what’s called “progressive drawdowns”. That is, you receive instalments of the loan amount at various stages of construction depending on your Fixed Price Building contract, rather than receiving it in one payment at the beginning. You generally only pay interest on the amount that is drawn down, as opposed to the whole loan amount.
We can assist you with navigating through all the above.
Investment loans are structured in a specific way to allow you to make the most of your assets and finance.
We work with you and your Financial Planner and/or Accountant to ensure your loan is set-up to meet your specific needs, with access to competitive loan options that can help you maximise your returns.