Home Loans
With access to hundreds of Home Loans, we're sure to be able to find the right one for you
Rated 5 from 52 Reviews
With access to hundreds of Home Loans, we're sure to be able to find the right one for you
Rated 5 from 52 Reviews
Choosing the right home loan is a crucial step in buying a home, especially in a dynamic property market like Australia’s. At Homeli Finance, we specialise in helping you access Home Loan options from banks and lenders across Australia. Whether you're a first-time buyer or looking to refinance, understanding the basics of home loans can put you in a strong position to make informed decisions.
When applying for a home loan, several factors come into play. First, consider your financial situation and credit history. These elements significantly affect your borrowing capacity and the interest rate you might receive. A good credit history can lead to interest rate discounts, making your loan more affordable over time. The loan amount you can borrow is also influenced by the loan to value ratio (LVR), which is the percentage of the property’s value that you’re borrowing. A lower LVR often means better terms on your Home Loan application.
Another key point is the type of interest rate. You can choose between a fixed interest rate home loan and one with variable home loan rates. A fixed interest rate offers stability, as your repayments remain unchanged, allowing you to budget effectively. On the other hand, a variable interest rate may fluctuate with market conditions but can offer flexibility and potential savings if rates decrease. Calculating home loan repayments with each option helps in determining which suits your financial situation better.
Lenders mortgage insurance (LMI) is an additional consideration when your deposit is less than 20% of the property's value. This insurance protects the lender, not you, should you default on the loan. Understanding LMI can help you weigh up whether to increase your deposit or include this cost in your planning. Additionally, expenses like stamp duty should be factored into your overall budget when buying a home.
At Homeli Finance, we aim to simplify the application process. By providing us with your bank statements and financial details, we can offer a streamlined application process to help you get pre-approved for a home loan. Pre-approval gives you an idea of your borrowing capacity and can strengthen your position when making an offer on a property.
Our expertise extends beyond Perth, serving clients nationwide. We are committed to helping you apply for a home loan that aligns with your needs, whether you're interested in an offset account to reduce interest payments or exploring home equity options to fund renovations or other investments.
Choosing Homeli Finance means gaining access to a wide array of Home Loan options tailored to fit your lifestyle and goals. Our experienced team is here to guide you through each step of the process, ensuring you understand all aspects of your home loan.
If you're ready to explore your Home Loan options and get pre-approved, reach out to Homeli Finance today. Let us help you take the next step towards owning your dream home with confidence.
Step 1: Initial Home Loan Appointment & Finance Enquiry
Your journey begins with a chat with our experienced Finance & Mortgage Broker. We take the time to understand your unique situation, including any special policies that apply to you. During this stage, we discuss loan options from various lenders and assess your borrowing capacity and purchasing budget.
Step 2: Fact-Finding & Home Loan Pre-Approval Application
Next, we conduct a thorough assessment of your financial situation—reviewing your financials, assets, credit history, and bank statements. This helps us determine your borrowing power and find the right loan for you.
At this stage, you may choose to apply for a Home Loan pre-approval, which gives you clarity on your borrowing limit and allows you to confidently bid or make offers on properties. However, pre-approval is not compulsory—depending on your situation, there may be alternative options available. Contact us to find out the best approach for you.
Step 3: Property Hunting
With your finances in order, you can start searching for a property that suits your budget. Once you find the right home and your offer is accepted, you’ll need to pay an initial deposit. This marks a major step toward securing your new home!
Step 4: Formal Home Loan Approval Application
Once your purchase is locked in, we submit the formal Home Loan application with the signed Contract of Sale. The bank will then order a valuation of the property. If everything aligns, your loan is officially approved!
Step 5: Loan Settlement
As settlement day approaches, there are a few important steps to finalise, including:
✔️ Engaging a conveyancer
✔️ Conducting a building inspection
✔️ Signing the loan contract
✔️ Purchasing building insurance
✔️ Transferring any shortfall funds
Once settlement is completed, your Home Loan is drawn down, and the property is officially yours! We’ll continue to support you by managing your loan repayments and ensuring you get the best rate moving forward.
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Connor Tang
I just wanted to take a moment to sincerely thank Nacy for her outstanding professionalism and support throughout this process. Her attention to detail, prompt communication, and deep understanding of the requirements have made everything so much smoother. It’s truly been a pleasure working with someone so capable and dedicated.
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Vjollca Nela
Nancy was the best broker, very polite and honest person. She explained every detail about the situation and very precisely, she followed step by step all the procedure
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xuemei Li
Nancy is an excellent broker who promptly provided us with assistance and helped recommend loan products that are suitable for us. Thank you very much.
In most cases we don’t charge fees for home loan applications, the bank pays us a commission based on the settled loan amount. We will charge $990 for car and personal loans upon successfully obtaining the finance.
We love helping First Home Buyers! We're experts at the entire process and can help you get the right Home Loan. We're also across the various schemes to help First Home Buyers such as the First Home Owners Grant and the various stamp duty exemptions available.
We can help with Home and Investment Loans, Construction Loans, Car Loans, Personal Loans and much more. If you're looking to borrow to buy something, we can probably help.
Mortgage Brokers are there to help you find the right loan whether it be from the major banks, smaller lenders or other sources. We have a broad range of products (more than any single lender can offer) which means we can do all the legwork to find the right loan for you.
Of course! We believe that we can find the best interest rate for you to refinance to, whether it's a Home Loan or Investment Loan.
All of our Mortgage Brokers are accredited and members of the Mortgage and Finance Association of Australia. They are extremely professional and provide exceptional service across a range of lending options.
We take look at a wide range of products available from Banks, Credit Unions & other lenders across the country. This means we can search thousands of products and make sure we're always recommending the best Home Loans for our clients.
Homeli Finance ABN: 22 669 425 218, ALL RIGHT PTY LTD ABN: 22 669 425 218. Credit Representative #527964 is authorised under Australian Credit License #384704.
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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