Purchasing a Home
With access to hundreds of Home Loans, we're sure to be able to find the right one for you
Rated 5 from 36 Reviews
With access to hundreds of Home Loans, we're sure to be able to find the right one for you
Rated 5 from 36 Reviews
Whether you're envisioning your next home, diving into the world of investment properties, or aiming to expand your real estate portfolio, we're your dedicated partners in making your transactions smooth, efficient, and rewarding.
When looking at different Home Loan Options, it's important to understand some of the key loan attributes:
Principal and Interest: This is the most common type of home loan. With a principle and interest home loan, you not only pay the interest on the borrowed money but also a portion of the actual loan amount. It means you're slowly paying off the loan while also covering the interest.
Interest Only: With an interest-only home loan, you only pay the interest on the borrowed amount for a certain period, usually around 5 years. This can make your initial repayments lower, but keep in mind that you'll still need to pay back the full amount later on.
Variable Rate: On the other hand, a variable rate home loan means the interest rate can change over time due to various factors like changes in the economy. While it might offer flexibility and potentially lower interest rates, it could also mean that your repayments may vary.
Fixed Rate: A fixed-rate home loan means the interest rate stays the same for a set period, often 1 to 5 years. It provides stability and predictability because your repayments won't change during this time, making it easier to budget.
We're a proud member of the Mortgage and Finance Association of Australia and have clients right across Australia. If you're looking to get a home loan, we have the expertise and experience to guide you through the process of finding the right home loan for your needs.
Purchasing real estate, be it your next dream home or a strategic investment, shouldn't be a hassle. At Yellow Mortgage House we've streamlined the process to erase complexities and unlock opportunities. Our seasoned experts understand that every purchase is unique, and we're committed to tailoring our services to your specific needs. Say goodbye to the stress and uncertainty – with us by your side, buying and selling real estate becomes a straightforward and satisfying experience.
Talk to an ExpertYellow Mortgage House is your compass, guiding you through every twist and turn. Our expertise spans across various property types and market dynamics. Whether you're a seasoned investor or a first-time buyer, we're here to provide clarity and insight. We believe that every client should feel empowered to make well-informed decisions, and we're dedicated to ensuring you have all the information you need.
Check your Borrowing Capacity
Ever wondered how equity can play a pivotal role in your property journey? At Yellow Mortgage House, we simplify this powerful concept for you. Our experts will help you understand how equity can be leveraged to propel you towards your next home or investment. We'll guide you in harnessing the potential of your existing assets to unlock new opportunities, whether it's a larger family home or a strategic addition to your investment
Request a Call BackIn 60 seconds, understand how much you can borrow to buy your dream home.
Get your Borrowing Capacity
1. Initial Consult
Have a chat with one of our qualified Mortgage Brokers who will understand your situation and talk you through the next steps.
2. Fact Find
We'll work with you to understand a bit more about your situation (including your financials, assets etc.) to make sure you will qualify for a loan.
3. Pre Approval
Once you're approved, you can start bidding or making offers on properties you want to purchase.
4. Settlement
You settle on the property, your loan draws-down and you're good to go!
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Andrew Middlehurst
Nothing was too hard for Chris. He’s always available and ready to find the next solution. This was particularly helpful refinancing during this tough climate and changing market. I won’t hesitate next time I need advise or my next loan. Thanks Chris
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Ellie Stafford
Chris was amazing throughout the process of buying my first home. A process which is quite overwhelming at times, Chris was very approachable and broke everything down so it felt more manageable. Could not recommend more highly.
KT
Katherine Thomas
I can’t speak highly enough of Chris. He’s dedicated, hard working, approachable and supportive. He explains things you may not understand with patience and understanding. He really pushed to get my loan through in a tight timeframe, and he …
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.
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).
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.
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.
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.
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.
Yellow Mortgage House Pty Ltd ABN: 68 665 459 718. Yellow Mortgage House is a credit representative (CRN: 546082) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence Number 548540).
The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
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