At Jade Finance, we source and negotiate home loans individually to match your specific needs and budget. Our goal is simple: to secure the lowest rates and the most flexible terms available across the market, making the path to your new home as smooth as possible.
Property buyers may secure better home loan rates by using a mortgage broker with accreditation with many lenders and the expertise to advise buyers on how to achieve their best rate offer. Mortgage rates vary across the market with lenders and with specific lending products. Rates also vary for fixed and variable rate loans and for individual borrowers. Using a mortgage broker, buyers get access to a large number of lenders and many lending products through the one connection.
As a large, long-established brokerage, we have vast mortgage market coverage and leverage with key lenders, which we use to benefit our customers with better rates. Rates vary with the loan-to-value ratio, the type of mortgage, and the credit profile of the buyer. We advise buyers on how to optimise their loan application and finances to maximise their opportunities for their best rate. Ensure you have covered all your options. Connect with us to secure your best home loan rate.
Specialist mortgage brokers provide a full selection of property finance products for owner occupiers, investors and commercial property buyers.
Brokers can advise if market conditions indicate if a fixed or variable rate home loan offers the most suitable option at that time. Fixed rate loans are typically offered for the initial 2-5 years of a loan, after which the borrower will need to refinance. Repayments remain fixed over that term. Variable rate finance may be offered over a longer period and is subject to change with lender rate cuts and increases.
Property finance varies for owner occupiers and investors. In sourcing the most suitable solution, our brokers target the specific requirements of the buyer. For investors, that may be negative gearing, long-term capital growth or positive rental return. For owner occupiers a standard home loan with a fixed or variable rate is generally the most effective lending product.
The standard deposit for a home loan is 20% which is 80% LVR. Low deposit mortgages with 5-10% may be approved, depending on the individual application. We offer services for buyers with both low and standard deposits. For low deposit and first home buyers, our brokers will explain the assistance scheme currently available to them.
As specialist mortgage brokers, we provide services for financing all types of property acquisitions. Free-standing houses, semis, apartments, hobby and working farms, second homes, and house and land packages. Loans are sourced and structured to suit the property. Building loans are available for those building their dream home.
Commercial property buyers can use mortgage brokers to source strategically structured financing. Commercial property loans can be complex, with rates, LVR approval limits and terms dependent on the lender and the individual application. Ensure you access the right lender by using a Jade broker to source your commercial property finance.
To apply for a home loan, buyers will need a range of documentation on their financial position. A standard deposit of 20% of the price of the property is required. Low deposit loans with 5-10% deposit may be approved.
Buyers may apply direct to a bank or other lender or use the services of a mortgage broker to assist them. Brokers assist buyers with completing their application, assessing their borrowing capacity and sourcing the most suitable lender that matches the buyer’s profile, LVR and credit score.
Applications for a home loan may be submitted online, by phone or with a personal consultation with a broker.
New home loans are the first mortgage on a property as differentiated from refinancing. New home loans use the property as the finance security and a 20% is the standard requirement for lender approval. The repayments repay the interest and capital. Rates may be fixed or variable depending on the current rate market scenario.
Features of different lending products can include redraw, offset accounts, cash back offers and the opportunity to make additional payments to save on interest payments. Request a quote on your most suitable lending product at the best rates.
The time it takes to get a home loan can depend on the approval process and timeframe of the lender. Many brokers and lenders can get conditional approval for borrowers within 24 hours, depending on individual application specifics. The complexity of the loan and certain aspects of the application may require longer approval times. Buyers may use online calculators to estimate their borrowing capacity and repayments so they can start the property search based on those estimates.
A home loan comparison rate is the interest rate applicable to a specific mortgage as detailed in information alongside the displayed rate. It is the rate which is applicable on a loan at the advertised rated when lender fees and charges are included.
Options may be available for borrowers to mix fixed and variable rates with their mortgage. A portion of the loan is arranged at a fixed rate and the balance at a variable rate. This may enable the borrower to offset the possibility that variable rates may increase over the term of the fixed rate portion.
Fixed rate home loans are generally available for a term of 2-5 years. After that term ends, the homeowner will need to arrange a new loan through refinancing either with a different or the same lender.
Both a fixed and a variable rate home loan can be the most suitable option for a buyer, depending on individual circumstances and preferences. A fixed rate delivers a fixed repayment schedule which does not change through the period of the term. A fixed rate term is usually 1-5 years. A variable rate is subject to change and may increase or decrease depending on the rate market scenario. Depending on the interest rate market and RBA rate decision outlook, lenders may offer both fixed and variable rate loans or variable rate only.
Pre-approval for a home loan is approval of a loan application prior to a property purchase being made or a commitment to purchase being offered. It is also known as conditional approval as it is conditional on the details of the property to be financed. Buyers can apply ahead of buying by submitting the required documentation which includes financials such as tax returns, pay slips, bank statements and similar.
Borrowing capacity is the amount a lender is prepared to loan to an individual at a certain interest rate. Borrowing power is worked out on the individual’s current income and regular expenses. Individuals may increase their borrowing capacity reducing their ongoing expenses and paying out current debts and loans to improve their personal balance sheet.
Home loans with an offset account may save borrowers by reducing interest charges. The ability to make additional payments may reduce the loan faster and save on interest. A cashback offer may provide buyers with funds to put towards their loan or other purposes. Loans with lower rates will reduce monthly payments and total interest payable.
A mortgage broker provides home buyers with services which may ensure they secure the best rates and more quickly and easily find the lending product that suits their profile and purchase. Brokers source the best offers and products from many lenders using their resources, connections and intel. Saving buyers time and confusion. Brokers advise buyers of current offers, explain the options available to them, the benefits of fixed or variable rates at that time, and handle all lender contacts. Experienced brokers can use their leverage with lenders to negotiate better rates and mortgage terms.
Fees involved with home loans include stamp duty, conveyancing, and lender fees and charges. Stamp duty is calculated on the property value and varies with the state or territory. Conveyancing fees will depend on the provider’s fee structure. Lender fees can include a loan establishment fee and possibly a monthly service fee and other charges, depending on the lending product.
A lower home rate can reduce the total interest payable on the loan over the term. This can save buyers on interest and provide lower monthly payments. Whether the lowest rate is the most suitable option may depend on any conditions attached to the loan and if the mortgage suits individual objectives.
Buyers may get the best mortgage rate with a larger than the standard 20% deposit, lowering the amount they need for their loan and LVR and by improving their financial position and credit score.
