Mortgages and First Home Buyer Loans in Melbourne

Melbourne is one of the most competitive and dynamic property markets in Australia, making the purchase of new homes or investment properties difficult and time consuming. But professional mortgage and first home buyer loans brokers in Melbourne can make finding competitive rates more straightforward by searching out and negotiating with lenders on your behalf to secure you an ideal product and rate – not to mention providing guidance regarding benefits/drawbacks/fees associated with them all!

No matter whether it’s your first home purchase or refinancing an existing mortgage, there is a wealth of mortgage options available to you. To help narrow down the selection, start by considering your finances and figuring out how much borrowing is within your means; once that has been established, research loan repayment types such as fixed and variable interest rates before narrowing your choices further and comparing interest rates and fees of each product until finding one which fits best with you.

As a first time home buyer in Melbourne, you may qualify for an affordable government-backed mortgage loan program that enables up to 35,000 low and middle income earners each year to buy homes with just 5% deposit without incurring lender mortgage insurance premiums. Furthermore, an SMSF home loan enables individuals with self-managed super funds (SMSFs) to use those funds towards purchasing real estate.

Blacksmith Financial Group have extensive experience helping their Melbourne clients secure home loans for residential and commercial properties. Their comprehensive service is tailored to each individual client, with consultants available seven days a week for consultations or pre-approval applications for loans.

As one of Melbourne’s premier mortgage brokers in Melbourne, Saxon Finance prides itself on offering unmatched customer service. Their expert team are fully qualified professionals authorised under an Australian Credit Licence and members of the Mortgage and Finance Association of Australia; in addition, Saxon offers buyer’s advocates, property pre-purchase inspections and cash flow analysis as part of its other services.

Selecting the ideal home loans in Melbourne is a critical decision that can have lasting ramifications on your finances, so use an online comparison tool to find a lender best suited to your individual circumstances. These tools can be accessed on desktop computers, mobile phones and tablets and used to compare home loans from multiple lenders as well as assess debt capacity. Some comparison tools even offer free trials so you can try them before committing. It is important to remember however that comparison tools should only serve as guides and that independent financial advice should always be sought prior to making any definitive decisions – always seek professional financial advice prior to making any definitive decisions based on any comparison tools alone.