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 75 Reviews
With access to hundreds of Home Loans, we're sure to be able to find the right one for you
Rated 5 from 75 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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Reza Safari
Great service and explaining each stage of the process in detail esp for the First Home buyers.
JH
Judy Hwang
I’m so glad I chose Nancy as our finance broker. She explained everything clearly, were always quick to respond, and made sure I understood every step of the process. The loan approval went smoothly thanks to their hard work and experience. I truly appreciate her patience and professionalism. Highly recommended!
SC
Shiji Chen (Rhys)
As a first-home buyer, Nancy made getting my home loan for the first time incredibly simple and stress-free. She was recommended to me by a friend, and I would happily recommend her to others as well. Fast response time, great communication, and excellent service/referral throughout.
Homeli Finance can arrange various types of home loans to suit different circumstances and property goals. These include first home buyer loans, owner-occupier mortgages, investment property loans, construction loans for building projects, and land loans. We also arrange refinancing solutions for existing borrowers looking to switch lenders or restructure their loans. Our network includes major banks, credit unions, building societies, and specialist lenders, giving us access to diverse loan products including fixed rate, variable rate, and split loan options. We can also assist with low deposit loans, loans for self-employed borrowers, and financing solutions for unique property types that might require specialist lending approaches.
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.
Homeli Finance operates as a comprehensive finance and mortgage broker, connecting clients with suitable lending solutions across Australia. We work with a network of lenders to help secure home loans, refinancing options, investment property financing, and commercial lending solutions. Our brokers assess your financial situation and match you with appropriate lenders who can meet your specific requirements. We handle the application process, liaise with lenders on your behalf, and provide ongoing support throughout the settlement process. This service saves you time researching different lenders and increases your chances of loan approval by presenting your application professionally to the right financial institutions.
Homeli Finance selects lenders based on a comprehensive analysis of your financial situation, loan requirements, and individual circumstances. We consider factors including your employment type, deposit size, intended property use, and specific needs such as offset accounts or redraw facilities. Our assessment includes comparing interest rates, fees, loan features, and lender policies to identify the most suitable options. We also consider each lender's appetite for your particular scenario - some lenders prefer certain professions or property types. Rather than simply recommending the lowest rate, we focus on finding lenders whose products align with your long-term financial goals and who are likely to approve your application. We present you with options explaining the pros and cons of each recommendation.
Yes, Homeli Finance maintains relationships with clients beyond loan settlement, providing ongoing support for your mortgage needs. We conduct periodic loan reviews to ensure your current loan remains suitable as your circumstances change, and can assist with refinancing if better options become available. Our ongoing service includes helping with loan restructures, accessing additional funds through top-up loans, and advice about investment property financing as your portfolio grows. We also assist with any issues that arise with your existing lender and can facilitate switches to different loan products within the same institution or to entirely new lenders. This continuing relationship means you have professional finance support throughout your property ownership journey, not just during the initial purchase phase.
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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