Yellow Mortgage House - Real solutions for Real Life Situations

Your Home for Finance with a Modern Approach.

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Rated 5 from 45 Reviews

Purchasing a Home

We're expert Mortgage Brokers helping clients in Ringwood, Victoria and beyond purchase a home sooner with a range of Home Loan options

Purchasing a Home
Purchasing a Home with Yellow Mortgage House
Loan Refinancing with Yellow Mortgage House

Refinancing

We're expert Mortgage Brokers helping clients in Ringwood, Victoria and beyond refinance their Home Loan or Investment Loan

Refinancing

First Home Buyers

We're expert Mortgage Brokers helping clients in Ringwood, Victoria and beyond access Home Loan Options, First Home Owner Grants and Incentives

First Home Buyers
First Home Buyers with Yellow Mortgage House
Chris Thompson Yellow Mortgage House
As soon as a client tells me it was easy and that they didn’t have to do anything, that’s when I know I’ve done a good job

- Chris Thompson, Managing Director

BH

Brittany Healey

Could not recommend Chris enough! He assisted me with purchasing my first home and made the process simple and easy to understand. I was pleasantly surprised at how at ease I felt throughout and always felt confident and supported. Really happy with the outcome!!

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sarah petrie

What a dream to work with! We cannot thank Chris and Melinda enough for all of their support throughout the whole process of buying our home! It felt like we did nothing! Thank you SO much Chris!

NH

Nathan Hick

I had an amazing experience working with Chris! From start to finish, the process was fast, straightforward, and hassle-free. He took the time to explain everything clearly, guided me through each step, and ensured that all my questions were answered promptly. The loan was sorted out quickly, and I couldn’t be more satisfied with the service provided. Highly recommend Chris for anyone looking for a seamless, efficient experience with their loan process!

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About

At Yellow Mortgage House, we prioritise providing a personalised customer experience that caters to your unique financial needs. Whether you're a first time homebuyer, experienced investor, or seeking financial solutions, we're here to guide you every step of the way.We are committed to finding REAL solutions for REAL life situations. We believe in simplifying finance and offering transparent and straightforward assistance. No more confusing jargon or unnecessary fluff—our focus is on empowering everyday Australians to make informed decisions.Join us on a journey towards financial success. Trust Yellow Mortgage House as your partner in achieving your goals.

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Frequently Asked Questions

What's the difference between a fixed-rate and variable-rate mortgage?

A fixed-rate mortgage has a set interest rate that remains constant for a specified period, providing stability in monthly repayments. A variable-rate mortgage has an interest rate that can fluctuate based on market conditions, potentially affecting your monthly payments.

What is Lenders Mortgage Insurance (LMI)?

LMI is a type of insurance that protects the lender in case the borrower defaults on their loan. It is usually required when the borrower's deposit is less than 20% of the property's value.

How much deposit do I need to buy a home?

The deposit required depends on the lender and the type of loan you're applying for. In Australia, a common rule of thumb is a 20% deposit, but some lenders may accept lower deposits with the inclusion of Lenders Mortgage Insurance (LMI).

Are there any fees for using a mortgage broker?

Many mortgage brokers in Australia do not charge fees to borrowers. They are compensated by the lenders they work with. However, it's important to clarify this with the broker upfront and understand any potential fees before proceeding.

What documents do I need to provide to a mortgage broker?

Commonly required documents include proof of income (payslips, tax returns), proof of identity (passport, driver's license), employment information, details of existing debts, and statements of savings and assets.

How do mortgage brokers get paid?

Mortgage brokers are usually paid through commissions from the lenders. When a borrower successfully secures a loan through a broker, the lender pays the broker a commission for their services. This commission doesn't typically impact the cost of the loan for the borrower.

How long does the mortgage application process take?

The mortgage application process can vary depending on the complexity of your financial situation, the lender's processes, and market conditions. On average, it can take a few weeks to a couple of months from application to settlement.

How much can I borrow for a home loan?

The amount you can borrow depends on various factors such as your income, expenses, credit history, and the lender's assessment criteria. A mortgage broker can help you determine your borrowing capacity based on your individual circumstances.

Why should I use a mortgage broker instead of going directly to a bank?

Mortgage brokers have access to a wide range of lenders and loan products, offering you a broader choice than what a single bank can provide. They can save you time by comparing multiple options and potentially help you find better terms or rates.

What is a mortgage broker and what do they do?

A mortgage broker is a professional who acts as an intermediary between borrowers and lenders to help people secure home loans. They assess your financial situation, research available mortgage options, and assist in finding the most suitable loan for your needs.

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