Home loans fixed and variable rate mortgages
After assessing your situation, we’ll provide a range of suitable loan options along with our recommendations. We’ll present all options transparently and honestly to help you make the best decision. Buying your first home in Adelaide doesn’t have to be complicated.
In a complex scenario like this, getting personal advice from a mortgage broker and an accountant is a really good idea. We like this home loan package because it comes with the extra features of a home loan, neatly tied up into one convenient product. Borrowers can take advantage of not just 1 but 10 offset accounts, meaning they can keep track of their money while saving as much as possible on interest. Having a broker negotiate finance on your behalf is the smart way to go as they look to save you time, stress and money. You might still be saving for your first home, wishing to use the equity in your current one, or wondering if you’re getting the right possible deal with your existing lender. There are lots of good reasons why more than half of Australians now use a broker to secure a home loan.
All applications for credit are subject to ANZ's credit approval criteria. ##Any available redraw Alternative Ways Home Loan Broker Adelaide funds held in the offset facility connected with your loan account will be used to reduce the amount of interest you pay on your loan. The offset facility on your loan account is not covered by any Government guarantee. International transaction fees apply on purchases or cash advances while overseas or in Australia when the merchant processing the transaction is located overseas. ATM fees apply for a cash withdrawal at a non major bank ATM or rediATM in Australia.
A deposit of 20 per cent or more is ideal as it’s typically the amount a lender sees as ‘safe’. Being a safe borrower is an advantageous position to be in as you’ll have a range of lenders to pick from, with some likely to offer up a lower interest rate as a reward. Additionally, a deposit of over 20 per cent usually eliminates the need for lender’s mortgage insurance (LMI) which can add thousands to the cost of buying your home. Speak with our expert home loan brokers in Adelaide today for a free consultation. Unlock competitive interest rates, SA grants, LMI benefits and personalised lending support through Adelaide home loan services.
Access Westpac Rewards with an eligible debit or credit card and unlock discounts on the brands you love. Your dedicated home loan specialist will guide you from application to settlement. Connect by phone, video, at your home, or in-branch; whichever suits you best.
Pre-approval provides a clearer picture of how much you can borrow and demonstrates your seriousness as a buyer to sellers. It can also expedite the purchasing process once you find your ideal home. The broader economic conditions significantly influence the home loan market in Adelaide.
Factors such as employment rates, wage growth, and consumer confidence all play a role in shaping borrowing behavior. In a robust economy with low unemployment and rising wages, potential homebuyers are more likely to feel confident about making significant financial commitments like purchasing a home. As we look ahead to 2025, significant changes in home loan regulations are expected to reshape the borrowing landscape in Adelaide. Regulatory bodies are continuously assessing the financial environment to ensure that lending practices remain responsible and sustainable. One of the most notable changes anticipated is the tightening of lending criteria, aimed at safeguarding both lenders and borrowers from potential financial distress. You may have a better chance of getting approved for a home loan if you work with a mortgage broker.
Nhi & Bryan, we cannot thank you enough for all your staunch effort, fantastic communication and positive customer service in helping us secure our first investment property. We are long-term clients of Rise High and would highly recommend them. Over the years, James and his team have always been helpful and efficient. Karyn has helped us with our most recent loan and she has been fantastic. The team has always been able to work to our needs and timelines, they’re always willing to help, always on the ball and have a great can-do attitude.
When assessing ability to service a loan, BankSA may use an interest rate that is higher than the current interest rate for the loan requested. With principal and interest repayments, each repayment pays off both the amount borrowed (the ‘principal’) and the interest. While with interest only repayments, each payment only covers the interest owing on the loan, so none of the principal will be paid off. Interest rates are current as at and are subject to change.
A Friendly staff member called and helped to save even more. For example, if you were to borrow $400,000 in order to purchase a $500,000 property, you would have borrowed 80% of the property value, giving you an LVR of 80%. Stamp duty can tack a significant amount onto your home loan – but how do you figure out how much you might have to pay, or whether you’ll have to pay it at all in the first place?