Expert Home Loan Broker in Melbourne – 7 Mortgages

Buying a home or a property is a major investment. It can be a stressful process, especially where funding is concerned. For example, you may not have the required funds to purchase the house. In such cases, opting for a home loan is a good idea.

7 Mortgages is one of the best home loan brokers in Melbourne, accredited by more than 25 lenders. This gives us access to over 200 products, making it easier for us to find the right mortgage for you. With our advice and guidance, the dream of owning your own place is possible.

Generally, these loans are provided to purchase a residential property. The lender can be a bank, non-banking institute, or mortgage company. Depending on the amount and the terms, the repayment is done over a specific timeline. Don’t worry, our home loan mortgage brokers handle the negotiations and documentation on your behalf.

Types of Home Loans We Offer

Securing the correct loan product makes a huge difference, as it can help you buy the desired property quickly. There are several types available in the market, depending on your financial goals. As a leading home finance broker, 7 Mortgages makes the process of selecting the right mortgage simple. You can evaluate products from multiple lenders under one roof without having to approach them individually.

We can assist with the following:

First Home Buyer Loans:

If you’re purchasing a home for the first time, this is an ideal option. It comes with features such as lower deposit requirements and better interest rates. In Australia, first-time home buyers are eligible for the First Home Owner Grant for purchasing a new home.

Refinancing Loans:

You can opt to refinance home loans if you want better terms. The new lender pays off the balance and gives you a new loan with improved conditions, such as a longer or shorter loan duration, the lowest refinance home loan rates and much more.

Investment Property Loans:

This type of loan is for existing homeowners wanting to buy new properties to rent for passive income. It gives them a chance to build more wealth while paying off the interest. It has features like tax breaks, interest-only conditions, a line of credit, offset, and redraw facilities.

Home Loan Calculator

Calculating the repayment amount for a mortgage helps plan your finances. With our home loan calculator, you can determine how much you can borrow and how much to repay. This lets you make informed decisions with confidence. To that end, we have different calculators for different loan types. These include:

• Loan Repayment Calculator:

  Estimates the regular loan repayment amounts.

• Home Loan Offset Calculator:

  Shows the potential savings on interest by linking an offset account to a mortgage.

• Property Buying Cost Calculator:

  Get an estimate of all upfront costs associated with purchasing a property.

• Stamp Duty Calculator:

  Calculates the stamp duty for your property purchase.

• Fortnightly Repayment Calculator:

  This shows the amount to be paid for repaying a loan fortnightly.

• Loan Comparison Calculator:

  Compare loan products and learn the differences in rates, repayment amounts, terms, etc.

How Can We Help You Secure a Home Loan?

The process of getting a loan can feel intimidating, especially if you’re a first-time buyer or even if you’ve bought property before. As your trusted home loan mortgage broker in Melbourne, we’ll make the journey smooth and hassle-free. Here’s how our team can assist with the home loan process:

• Initial Consultation:

  We start with an initial consultation to discuss your financial needs, goals and preferences. This helps us understand which option suits your requirements perfectly. After all, we’re recognised by over 25 lenders offering more than 200 products.

• Eligibility Check:

  Our team then collects all the documentation required to apply for a home loan. This includes proof of income, credit history, and other relevant documents. Having these in hand also increases the chances of approval.

• Application for Pre-approval:

  Once all the documents are collected, we guide you through pre-approval or conditional approval. This is when the lender checks your documents and financial situation to provide a rough estimate of how much you can borrow. It can also help narrow down the property options.

• Secure the Property:

  You’ll know what you can afford after you’ve obtained a pre-approval. This gives you the confidence to make an offer when you find the right home.

• Submit the Home Loan:

  After finding the ideal house, our finance broker submits the application. We’ll handle all the communication with the lender on your behalf.

• Approval:

  There may be a wait of up to 5 business days for the approval to come through. Don’t worry, you’ll be updated at every stage, ensuring transparency throughout the process.

• Settlement:

  Next comes the settlement phase. This means that your loan has been approved, and your dream of owning a home has come true. Our team continues to support you even after approval so you feel confident with your new mortgage.

Why Choose 7 Mortgages for All Your Home Loan Needs?

Finding the right loan can be a maze of options and rates. It can be a hassle to approach lenders individually and collect documents. The process is overwhelming and time-consuming. That’s why choosing 7 Mortgages for home loan advice in Melbourne makes everything easier.

We’re the right choice for mortgages because:

• Experienced Local Brokers:

  We negotiate directly with the lenders on your behalf. Plus, our in-depth knowledge of the Australian market helps us get you the best low-interest home loans.

• Tailored Solutions:

  Every client has unique goals and requirements. Accordingly, we offer personalised solutions to connect you with suitable options. Whether you’re buying a home, refinancing, or investing in a property, we have you covered.

• Client-focused Approach:

  Your satisfaction and peace of mind are our priority. We handle everything from negotiations to application and settlement. This lets you focus on other important matters. Moreover, you need not worry about charges – we get paid by the lender once you’ve repaid the loan.

Get a Free Quote on Home Loans Now!

Are you ready to take the first step towards owning your dream home? Get a free quote from 7 Mortgages today, and let our experienced home loan brokers in Melbourne navigate the market. We also provide business financing options in addition to home loans. For more information, you can call us on 03 9544 2642 / 0413 277 413 or drop us an email at admin@7mortgages.com.au.