Home Loans

Buying your first home is an exciting and yet daunting time. Your trusted mortgage broker from Loanworx is here to help with your journey to home ownership. We will help you by explaining all the steps in the buying process without all the jargon to put your mind at ease.

As experts in the first home buyer market, we will help you better understand your borrowing capacity and the levers that can be pulled to improve this for you. We’re across all the latest government schemes and incentives for first home buyers across Australia, to ensure that you don’t miss out on anything you are entitled to. We’ve even got options if you have no deposit that we’ll share with you to help you get on the property ladder.

Let us do all the paperwork for you saving your time and hassle, and allow us to get you an approval and be “buyer ready” and you’ll be into your dream home in next to no time.

Additionally, if you don’t have your professional team around you, we can introduce you to our carefully chosen business partners who can help you with your conveyancing, personal insurance and property hunting. Together we’ve got you covered for the whole journey.

As an upgrader, working out how best to move up the property ladder can be challenging particularly if you have not sold your existing home. Don’t despair, at Loanworx our trusted mortgage brokers have access to over 40 lenders and thousands of loans.

We will do all that we can to discuss the options available to you including the pro’s and cons of bridging finance, security swaps or simply we can run through the logistic of how to buy and sell in the same market. Some of our clients find that they don’t even need to sell and can keep their home and turn it into an investment property.

Let us take the stress out of buying that second home and help handle the financial arrangements for you in a straightforward, plain talking fashion to put your mind at rest.

• Investment Loans
• Refinancing Your Loan
• Construction Finance

Whether it’s your first property for investment or you’re a seasoned investor, that next property can still present its challenges. Typical questions we are asked include:

• How much extra can I borrow?
• How will the lenders look at my existing lending?
• Will the rental income be sufficient to cover repayments on my loan?
• How can I borrow 100% or more of the purchase price by using another property to lend against if it has sufficient equity?

Not all lenders treat investment property rental income the same, nor allow for potential tax benefits on the loan. The more properties you own, the more complicated it becomes and one lender alone may not suit you best.

At Loanworx, we take the time to understand your current situation and future plans. We review in detail your current lending (if any), equity in any available properties, your available deposit and fees for the property transaction. We then set about structuring your loans accordingly to meet your needs, keeping you in the loop at all stages.

Our approach is to look for solutions, not roadblocks and to navigate a pathway through the huge array of lenders to find the most appropriate solution for you – taking into account your future plans.

So you’ve had a loan for a few years and wonder if you are still getting a great deal or need access to some money. Everybody is keen to find ways of saving money and sometimes you need to raise some money to improve your financial position by paying out some credit cards, to renovate or for a wedding or even a holiday as examples. If you think it is too much work and time consuming to change lenders then read on, let us do the heavy lifting.

Investigating refinancing your existing loan can be a very worthwhile exercise. If you haven’t reviewed your home loan in the last two years, we could potentially save you thousands in interest paid. As an example, just a 0.25% rate saving on a $500,000 loan over 30 years could save you around $25,000 in extra interest over the life of the loan. We call it ‘easy money’ because saving money by refinancing is so easy to do with us.

We are here to make it easy to change lenders and access extra funds if required. You don’t have to move your main banking if you don’t want to, but often there are real benefits in doing so. We have the latest software that takes into account your specific requirements whether that be variable or fixed rates, interest only or principal and interest.

We will explain about the features that you may want such as mortgage offset accounts, redraw and fortnightly repayments. We narrow down a range of options available to a sensible number to review with you and select one that suits you best. Generally the whole process takes 5–6 weeks from start to finish, but this can be quicker with some lenders who can have this done within 3-4 weeks if you’re in a rush.

Building a property to live in or to rent can be challenging as lenders have varying policies depending on whether the land is titled, has a permit, is rural or more than a few acres and your timeline to build. Whether you are an owner/builder buying a house and land package from a builder/developer or buying the land separately and then seeking a builder – these are some of the challenges that you may face when looking to finance your next property. 

We have a wide panel of lenders that provide funding for land purchases, construction and multi property development projects. We will review the contracts and ensure that we tailor the right lender to you, to ensure that the whole process runs smoothly. If you are paying the builder in stages, we will explain how this works and help you at each step of the way.

At Loanworx we understand the challenges that some build projects face and by working closely with you we’ll help ensure your project is completed as quickly as possible, so you can start enjoying the benefits.