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If you're looking for a good home loan but don't know where to start, an Aussie mortgage broker can help you find a competitive deal.
You probably know that when choosing a home loan, you when will need to compare and choose the lender as well as the loan. A choice you may not have known was open to you is using the services of a mortgage broker. A broker has the industry experience and the expert knowledge to help with your choices and comparisons.
Aussie mortgage brokers
Aussie can compare thousands of home loans to help find the right deal for you. You'll get a free appointment and will get to see all the features of a loan, like exit fees and penalties, as well as the rates.
Aussie has won The Advisor's Top Broker award every year since 2013. Aussie is a mortgage broker, not a bank. Credit for Aussie's own mortgage products is provided by Residential Mortgage Group Pty Ltd, Pepper Finance Corporation Limited and Bendigo and Adelaide Bank Limited.
Who do Aussie mortgage brokers work with?
When you go to an Aussie mortgage broker they will compare home loans from over 20 different brands to find which one is right for you (keep in mind that not every Aussie broker will have access to loans from all 20 lenders):
- AMP
- ANZ
- Aussie
- Bank of Melbourne
- BankSA
- Bankwest
- Commonwealth Bank
- Heritage Bank
- HomeStart
- HSBC
- ING
- Keystart
- Liberty Financial
- Macquarie Bank
- ME Bank
- MyState
- NAB
- P&N Bank
- Pepper Money
- St. George
- Suncorp Bank
- Virgin Money
- Westpac
What does a mortgage broker like Aussie do?
A mortgage broker will do all of the hard work and research in comparing loans and lenders based on your needs and eligibility. Your broker will also negotiate with your chosen lender on your behalf to make sure you are getting the right deal.
Aussie mortgage broker services will offer you:
- A fee-free appointment. Aussie mortgage brokers are able to offer you their time and knowledge for free, because they are paid a commission by the lender you choose once your mortgage is settled.
- Time-saving home loan comparison. The key to finding the right home loan and one which will see you through your home repayments as easily and affordably as possible is taking the time to make comparisons of each loan product. However, there are literally thousands of loans available in Australia at the moment and few people have the time to compare each one. That is where Aussie comes in because they do have the time and tools to help you.
- Easy to understand guidance. If you have a host of questions about your home loan and were to spend the time asking a lender for all this information, you might feel obligated to sign with that lender. However, when you deal with an Aussie mortgage broker they will explain the details of each loan and answer all of your questions so you're happy with your choice and can make an informed decision.
- Loan application assistance. Filling out the loan paperwork can be confusing and if you get it wrong, you could jeopardise your chances of loan approval. With Aussie making sure your eligibility criteria are satisfied and your application is completed correctly you have one less thing to worry about.
- An ongoing service and relationship. You can use an Aussie broker for your first home, your second, third or fourth home, or for an investment property loan. Aussie can also help you negotiate a refinance of your existing loan to help you get a better deal or free up the equity in your property.
What are the benefits of choosing an Aussie mortgage broker?
If you’re looking for a few more reasons to instil your trust in an Aussie mortgage broker to secure you the right home loan for you and your family, compare these exclusive Aussie benefits:
- Consecutively awarded ‘Australia's Top Mortgage Broker’. Aussie has won The Advisor's Top Broker award every year since 2013.
- Toolbox. The Aussie Toolbox software compares thousands of loans from a range of Australian lenders, including the big banks. The software is constantly updated and takes into account honeymoon interest rates and other discounted rates to give you an accurate picture of the true cost of a home loan.
- Assess your eligibility and needs in minutes. The Toolbox software can also tell you how much you may borrow and what your repayments will be.
- Organise preapproval. An expert Aussie mortgage broker can meet with you before you start your search for your dream home, so you can be sure of the budget you have available for repayments, and your borrowing capacity.
- Qualifications. All Aussie mortgage brokers are fully accredited by the Mortgage & Finance Association of Australia (MFAA) and have a Certificate IV (Financial Services) Mortgage Broking.
Aussie mortgage brokers can offer you a comprehensive service and personalised advice at a time when there is a lot of information coming at you, and very little time to digest it all.
Aussie is not currently available via Finder, but you can visit www.aussie.com.au for more information.
Disclaimer
Aussie is a trade mark of Lendi Group Distribution Pty Ltd. © 2023 Lendi Group Distribution Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786
Credit services for Aussie Select, Aussie Activate and Aussie Elevate products are provided by Lendi Group Distribution Pty Ltd ACN 105 265 861 ("Aussie") and its appointed credit representatives, Australian Credit Licence 246786.
Credit for Aussie Select products is provided by Residential Mortgage Group Pty Ltd ACN 152 378 133, Australian Credit Licence 414133 ("RMG"). RMG is a wholly-owned subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian Credit Licence 234945.
Credit for Aussie Activate products is provided by Pepper Finance Corporation Limited ACN 094 317 647 ("Pepper"). Pepper Group Limited ACN 094 317 665, Australian Credit Licence 286655 acts on behalf of Pepper.
Credit and any applicable offset accounts for Aussie Elevate are issued by Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL / Australian Credit Licence 237879
All applications are subject to lender assessment and approval, terms and conditions apply.
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Ask a question
Hi guys so I own my unit outright no money owing paid for bought in 2020 I would like to sell / rent out and borrow on it to purchase myself another home but I’m not working as yet can I still have a chance
Hi Annmarie,
Lenders assess your loan application based on a number of factors, include your ability to repay the loan. Without any income, it may be difficult to get loan approval as the banks have a regulatory obligation to ensure you’re in a position to repay the loan.
The amount of savings you have, along with any investments from shares, bonds or other sources, can also play a role, so it’s worth contacting a bank or broker to see what your options are and what your borrowing power might be.
Hope this helps!
I am a single mum of 2 kids (7-4), never owned a house before and getting centrelink parenting payment of 26k and work part time permanent 30k, child support 6k and i was thinking to increase abit my income with a casual job, ( if this helps?), any chance i have to get a home loan in perth? around 350-400k?.. thank you
Hi Liz,
It may be harder but not necessarily impossible to get a home loan. It is best to speak to a mortgage broker who can help you with your specific circumstances. They will be able to guide you with what documents you need and what your options are.
When receiving child support, you will need to provide documentation including the Family Law Court Order, bank statements showing a steady deposit history, a letter from your solicitor, and a letter obtained from the Child Support Agency (CSA).
You can also see here for a guide on getting a home loan while receiving Centrelink payments.
Kind regards,
Rebecca
who provides the optimum Reverse Mortgage for Old Aged Pensioners?
Hi Stephen,
We have a list of lenders that offer reverse mortgages here.
For the majority of age pension recipients, the use of a reverse mortgage will have no effect on current entitlements; it’s still advisable to reach out to the Department of Human Services to see if a reverse mortgage can be structured in a way that it does not get in the way of your pension benefit.
Kind regards,
Richard
Hi, I am in Sydney at the moment and want to move to Brisbane in my first home. Would I be able to buy home in 5% deposit? I have balance of 40k
Hi Violet,
Yes, it is possible to get a home loan with as little as just a 5% deposit saved. However, you may be required to pay Lender’s Mortgage Insurance (LMI). If you are a first home buyer, you may also be able to borrow 95% of your home’s value under the First Home Loan Deposit Scheme and you can avoid paying an LMI premium.
And don’t forget you may have to pay stamp duty as well.
Kind regards,
Richard
I am retired and have over 650 thousand in super and currently on disability pension.
Can I get a loan of $220000 to buy a house to live in.
Rob
Hi Rob,
Yes, it is possible to get a home loan to live in when you’re a pensioner, however the bank will likely want you to contribute a deposit. The exact amount and interest rate will depend on the lender and their policy, but you will probably need to withdraw some of your super balance as a deposit.
The bank or lender wants to be sure that you can afford the repayments on your pension, so the amount you can borrow will be limited to what they think you can afford.
If a bank believes you can afford mortgage repayments worth $400 per week, for instance, then they may approve a home loan of around $100,000 (based on an interest rate of 2%, for a principal and interest loan).
You can get more information on home loans for pensioners on this page: https://www.finder.com.au/home-loans-for-pensioners
Hope this helps!
Many thanks,
Sarah