Best home loan deals

Best home loan deals available for all home loan applicants with good credit history or bad credit history. We offer most convenient way to compare best home loan deals that you can make an educated decision not just looking at the brand and interest rate, but understand what you need to consider to find best home loan deals. The Finance group have achieved 99% approval rate for any type of mortgages at present from our record. We have access to 34 popular lenders including nonconforming lenders to offer best home loan deals according to your present financial situation. Purchase, construction, refinance, debt consolidation, cash out, business purpose cash out available for eligible borrowers.

We do your Full doc Home Loan assessments for Free. Subject to commitment of the client, we find the best home loan deals for them within 24 hours. For quick assessment

Our Specialties are: (best home loan deals)

  1. Perform an in depth analysis of the applicant on the first contact and give them instant indication about best home loan deals available for the client.
  2. Provide a written indicative offer within 24 hours after receiving complete documentations from the client.
  3. Explain the lending process upfront to minimize confusions.
  4. Prioritize the best interest of the client and safeguard a risk free approval of loan with complete responsibility.
  5. Most informative website to compare Best home loan deals considering all perspectives related to a home loan application.

Click here to see Low Doc loan offers to find best home deals for you.

Click here to see low doc refinance offers to find best home deals for you.

Best home loan deals with LMI

  • For full doc home loans, loan amount exceeding 80% of property value will require lender mortgage insurance where the borrower will have to met LMI insurer's requirements.
  • Where loan is less than 80% LVR we offer flexible assessment options for the client through banks and traditional lenders to find the best home loan deals for them.
  • For 80% loan we can offer unlimited amount of maximum loan amount subject to met lenders assessment policy.
  • Borrower cannot met LMI criterion but need more than 80% of loan will have to select full doc home loan with no LMI products or 85% LVR no LMI product. Please find offers later on this page.
  • We are offering wide range of full doc home loan with LMI products depending on the best home loan interest rate available on the market with full features and benefits.
  • We also help clients to repair their credit issues to meet LMI policy.
  • We offer Full doc bad credit home loan or full doc non conforming home loans for people with major credit impairment issues ( unlimited arrears, current part 9, bankruptcy, unlimited amount of paid unpaid defaults). We have wide range of products under full doc home loan with no LMI to assure best home loan interest rate available on the market with full features. Please find best home loan deals for full doc applicants on this page.

Typical Requirements by LMI (Best home loan deals)

Employment

& Income

PAYG 6 months no probation, 2 years in similar industry.

Casual minimum for 12 months.

2nd Job 12 months

Overtime 2 years or employment contract except ( police, nurse, ambulance)

Car allowance 100% ( insurer A) 50% (insurer B)

Maximum 90% overseas income.

Self-employed - ABN 2 years GST 1 year or 2 years continuous in similar industry

If GST not registered maximum income is $75k

Govt benefit 100% when oldest child is 12 years old.

Pension income acceptable when permanent in nature.

Investment income 80% if for 2 years showing on tax returns.

Rental Income 80%, high density area 50% will account

Genuine Saving

5% of property value for Owner occupied and 10% of property value for investment when LVR exceed 85%, First Home owners Nil. (insurer A)

5% genuine saving for any purchase or construction.( insurer B)

Purpose and LVR

Purchase and construction maximum 95% all other purpose 90% of property value.

Refinance debt consolidation 90% LVR

LOC- 90% LVR for P&I repayment for 25 y term, 75% LVR for interest capitalised, vacant land is not acceptable security for LOC. (insurer B)

Bridging loan 85% for 6 month or 12 months for construction (insurer B)

Non-resident applicant 80% maximum LVR

Conditions apply for post code location, off the plan purchase, security type like life style and rural block, service apartment (70%), High density security (80%),

Maximum Exposure

Depend on type of borrower, post code location, type and number of property and LVR restricted to $250k to $1 mil.

For multiple security, Maximum 3 Mil ( insurer 2), 2.5 Mil (Insurer 1)

Documents

Evidence of income. ( pay slips/group certificate/tax return/2 years finsncials for business)

6 month home loan statement, 6 months personal loan statements, 3 months credit card statements For loan being refinanced.

Documents assessed and recorded by lender and submitted with reasonable case if outside the LMI policy.

Security

LVR Limit as per Category 1-Category 4 post codes in different states

10 Hectares for Rural residential. 40 /Hectares for Rural. Vacant land 2.2 Hectares.

High density City area= 40sqm floor @ 80% LVR ( insurer 1)

Maximum 50 Hectares for vacant land or intention to build.

50sqm floor (including balconies and car space) @80% LVR ( insurer 2)

Cash out

LVR>90% no cash out

LVR >85% maximum 20% of property value, LVR <=85% no limit (insurer 1)

LVR >75% maximum $100k ( insurer 2)

Default

Up to $500 paid but maximum loan up to 90%LVR

Contact your Mortgage broker for assistance about LMI issues about full doc home loans to find Best home loan deals.

Best home loan deals (Full Doc with LMI)

Please click here to know up to date interest rate offers.

LVR

3 y Fixed rate

Variable rate

Maximum Discount on Package

Lowest rate

Annual fee

Purpose

LMI CAP

Application

<=85%

5.39

6.19

1.1

5.09

$150+

$350

Purchase/RefinanceNo cash out. No LMI up to 85% loan

No LMI

$399

<=95%

4.69

5.38

0.2

5.18

$395

95% refinance, purchase and construction. Up to $2.5 mil loan against 1 property.

NO

Nil

<=80%

4.83

5.99

1.10-500k+

1.05-$250k+

4.89

$500K+

$375

Purchase/Refinance, up to $1.6 mil loan against 1 property.

No LMI

Nil

<=95%

<=80%

4.84

5.34

0.18

0.46

5.16-$500k+

4.88-$500k+

$199

95% Purchase/90% Refinance available

Yes/No

Nil/$499 for Fixed rate

<=90%

4.79

6.00

1%

5.00-$250k+

$349

95% Purchase/90% Refinance

0.6 load@95% Loan

NO

$0

<=95%

<=80%

4.99

5.89

0.95%

5.09-$200k+

4.99-$1mil+

4.94-$1.5mil+

4.99-$200k+

4.84-$500k+

Nil

95% Purchase/90% Refinance,

Yes

$700

<=95%

4.94(PAC)

5.90

0.15 (fix)

0.80-$250k+

0.85-$500k+ 90%

0.5-0.7-95%

5.05

$500k+ 90%LVR

5.45-$750k+ 95% LVR

$375

$600

<=95%

4.95(PAC)

5.99

0.15(fix)

1%(Var)

4.99-$500k+

5.04-$250k+

$395

95% Purchase/90% Refinance

150k+ 0.7

Yes/no

$600/nil

Contact your mortgage broker for assistance about selecting Best home loan deals from full doc home loan product for you.

Cost and Features (Best home loan deals)

For full doc home loans, in addition to application cost some lender charge

  • Valuation = up to $500 (where most of the time it is free for first valuation).
  • Establishment/Settlement= $250-$300,
  • Discharge= Vary from $250-$350
  • Split Account= $200-$300

Different bank compose their products in different way for almost similar type of facilities like Line of credit, Top up limit, Offset account, extra repayment and withdrawal, 4-6 split accounts, rate lock up to 90 days, portability, switching product.

We strongly recommend our clients that finding best home loan deals can be a very easy process if you understand what need to compare, how you will confirm your eligibility with the specific lender. We have been helping our client to find best home loan deals comparing all viable loan solutions for them. Best home loan deals will be the deal that will give them benefit in the long term as well.

Contact your mortgage broker for assistance about these issues to find Best home loan deals from full doc home loan offers.

Credit and Documentation: (Best home loan deals)

For full doc home loans, big 4 banks are basically very conservative about Recent & Total number of credit inquiries and type of inquiries on the credit file, where some of the 2nd tire lender do not account credit score for home loan. Defaults tolerance is define by LMI insurer where loan with LMI can accept up to $1000 paid default case by case basis.

For full doc home loans, a very few lender accept 3 months Mortgage statements when they refinance home loan, where minimum requirements by the LMI insurer is 6 months clean where 1 miss payment that's been paid immediately could be considered with reasonable explanations. Loan lower than 80% LVR might consider maximum 2 late payment for few days when the reason is strongly exceptional. For all application 6 months mortgage statements for all existing mortgages is mandatory for most lenders.

For personal loans 6 months clean statements required by insurer where 85%LVR no LMI product can accept 1 last statement for all personal loans. If the loan are not being refinanced then statements is not required by some lenders so as for purchase application.

For credit cards some lenders need 1 last statement to refinance or maximum 3-6 months. No credit card statement required when the application is for purchase or when credit card not being refinanced, depending on the lender.

For full doc home loans, some bank offer no statement for loan amount <= 75% of property value.

We strongly recommend our clients that finding best home loan deals can be a very easy process if you understand what need to compare, how you will confirm your eligibility with the specific lender. We have been helping our client to find best home loan deals comparing all viable loan solutions for them. Best home loan deals will be the deal that will give them benefit in the long term as well.

Contact your mortgage broker for assistance to find Best home loan deals from full doc home loans, to confirm which lender will approve your loan.

Purpose: (Best home loan deals)

Full doc home loans with LMI has restriction in cash out as described on LMI policy. Very few lenders allow you to pay off business loan with residential mortgage refinance.For purchase some lenders will allow you to borrow without genuine saving using the equity of relative's asset if they become guarantor for the loan. All other loan purposes differ a little bit from LMI policy described above depending on lenders discretion.Line of credit facility as a split with a home loan is a familiar choice for some borrower basically followed by cash out policy.

For full doc home loans, maximum usual LVR is 80% depending on property location. Some lender also offering line of credit facility with LMI exceeding 80% LVR. This facility gives the borrower a flexibility to pay interest only like a credit card and also allows to go over the maximum limit at credit card interest rate usually 17%-19% PA.

100% Offset facility is an option for the client who like to make significant amount of extra repayment to save money on interest. Or drawing down cash from home loan can be deposited to the offset account to get regular access to home equity.

We strongly recommend our clients that finding best home loan deals can be a very easy process if you understand what need to compare, how you will confirm your eligibility with the specific lender. We have been helping our clients to find best home loan deals comparing all viable loan solutions for them. Best home loan deals will be the deal that will give them benefit in the long term as well.

Contact your mortgage broker for assistance to find Best home loan deals from full doc home loan offers.

Serviceability: (Best home loan deals)

For full doc home loans, allowable living cost differs significantly according to the lender. Different Assessment Rates are used for different products and LMI insurers. In general it add 1.5% extra rate load on top of current variable rate for assessment. Some lenders also use buffer on top of living expense where borrowing capacity change depending on lenders serviceability requirements. For some strong application lender approve higher amount than the maximum borrowing capacity.

Full doc home loans for self employed applicant income used from recent year tax return, but for loan with LMI they compare 2 years tax return figure, if income increased by more than 20% lender will maximum allow 120% of previous year income. Allowable ad backs are depreciation, interest expense and other non-recurring or no cash expenses showing on tax return.

We strongly recommend our clients that finding best home loan deals can be a very easy process if you understand what need to compare, how you will confirm your eligibility with the specific lender. We have been helping our clients to find best home loan deals comparing all viable loan solutions for them. Best home loan deals will be the deal that will give them benefit in the long term as well.

Contact your mortgage broker for assistance to find Best home loan deals from full doc home loan offers.

Following is a table for living cost used by one of the Mortgage insurer.

Single Adult (no spouse/partner)

$15,003

Couple (or single with partner)

$21,811

Each Additional Adult

$15,003

Each Additional Couple

$21,811

Each Dependant Child

$5,301

Boarding or living with parents per adults per month rent

$650

Best home loan deals : (Full doc with NO LMI)

It is familiar as nonconforming home loans, bad credit home loan, credit impaired home loan or non bank home loans, give you flexibility about default, payment arrears, bankruptcy,up to 90% LVR loan.

For quick assessment to find the Best home loan deals

Best home loan deals: (Full doc with NO LMI Products)

LVR

Risk Fee (% of loan amount)

Interest Rate

Conditions apply

Purpose

Default Tolerance

90%

1.55%-2%

9.79%-10.50%

Purchase, refinance, cash out

Clean credit, limited arrears and paid defaults.

85%

1%-2%

9.19%-10.84%

Purchase, refinance, cash out

Clean credit, unlimited arrears, paid unpaid defaults, discharged from bankruptcy

80%

Nil-1.5%

7.99%-10.29%

Purchase, refinance, cash out

Clean credit, unlimited arrears, paid unpaid defaults, discharged from bankruptcy

70%

Nil-1.5%

7.84%-9.59%

Purchase, refinance, cash out

Clean credit, unlimited arrears, paid unpaid defaults, discharged from bankruptcy

65%

Nil-1.5%

7.84%-9.34%

Purchase, refinance, cash out

Clean credit, unlimited arrears, paid unpaid defaults, discharged from bankruptcy

<=60%

Nil- 1.5%

7.84%-8.95%

Purchase, refinance, cash out

Clean credit, unlimited arrears, paid unpaid defaults, discharged from bankruptcy

Level of credit impairment might load extra rate on top of maximum rates or risk fee disclosed.

Contact your mortgage broker for assistance to find Best home loan deals from full doc home loan product for you.

Cost and Features: (Best home loan deals Bad credit)

For full doc bad credit home loan or full doc credit impaired home loans, basically depending on LVR, level of credit impairments and location of security property different lender assign different percentage of risk fee for nonconforming loan. This is case by case basis and negotiable depending on strength of application.

Valuation cost differs depending on state and location of the property from $275-$770 usually paid up front with acceptance of indicative approval. All other cost usually capitalised with the loan amount not exceeding LVR limit.

  • Application fee/ Establishment: $1000- 1.5% of the loan amount.
  • Legal/solicitor: $300- $1400
  • Title insurance: As per scale
  • Mortgage registration, title search, admin, documentation: usually included with the settlement cost some time charged separately up to $900
  • Discharge: Existing mortgage discharge cost up to $650+

These costs are estimation only.

We strongly recommend our clients that finding best home loan deals can be a very easy process if you understand what need to compare, how you will confirm your eligibility with the specific lender. We have been helping our clients to find best home loan deals comparing all viable loan solutions for them. Best home loan deals will be the deal that will give them benefit in the long term as well.

Contact your mortgage broker for assistance to find Best home loan deals from full doc bad credit home loan or full doc credit impaired home loans.

Credit and documentation: (Best home loan deals Bad credit)

For full doc bad credit home loan or full doc credit impaired home loans, basically level of impairment determined by lender. Late payment fee for 5 days ignored, paid default more than 2 years old might ignored if the amount is limited. Unpaid defaults can be paid from $25,000 to unlimited where extra rate load will apply. Paid Utility defaults up to $1000 ignored. Nonconforming lending allows you to pay off your debt agreement and unlimited defaults.Documentation is as usual to disclose level of credit impairments. Client will have to provide written explanations for any type and level of impairments. For self employed client will have to provide 2 years full financials. PAYG employees will have to provide payslips.Equity release might require documents to evident.

We strongly recommend our clients that finding best home loan deals can be a very easy process if you understand what need to compare, how you will confirm your eligibility with the specific lender. We have been helping our clients to find best home loan deals comparing all viable loan solutions for them. Best home loan deals will be the deal that will give them benefit in the long term as well.

Contact your mortgage broker for assistance about these issues for full doc bad credit home loan or full doc credit impaired home loans.

Purpose: (Best home loan deals Bad credit)

For full doc bad credit home loan or full doc credit impaired home loans, purchase with non genuine savings, refinance with unlimited cash out, consolidate debts are in arrears or defaulted, paying of your tax liability, paying off Part 9, all purpose can be fulfilled case by case basis.

We strongly recommend our clients that finding best home loan deals can be a very easy process if you understand what need to compare, how you will confirm your eligibility with the specific lender. We have been helping our clients to find best home loan deals comparing all viable loan solutions for them. Best home loan deals will be the deal that will give them benefit in the long term as well.

Contact your mortgage broker for assistance to find Best home loan deals from full doc bad credit home loan or full doc credit impaired home loans.

Serviceability: (Best home loan deals Bad credit)

For full doc bad credit home loan or full doc credit impaired home loans most of this lenders load 2% extra rate on top of actual rate for assessment. Allowable living expense also differs a lot depending on lender.

Contact your mortgage broker to find Best home loan deals from full doc bad credit home loan or full doc credit impaired home loans.

Application Process: (Best home loan deals)

We have 3 step application process to offer you Best home loan deals available for you.

Step 1: Initial interview or email conversation to commence fact find process and request all supporting documents for the loan. Make the client aware about initial indication of for a successful loan application.

Step 2: Complete full assessment, sign up client with credit contract and provide all paper works they need to sign.

Step 3: Submit application to the lender and keep contact with all parties to secure the approval and settlement of the loan

We strongly recommend our clients that finding best home loan deals can be a very easy process if you understand what need to compare, how you will confirm your eligibility with the specific lender. We have been helping our clients to find best home loan deals comparing all viable loan solutions for them. Best home loan deals will be the deal that will give them benefit in the long term as well.

Common questions (Best home loan deals)

For first home owner and self-employed clients we have separate pages to explain overall lending policy to the client. Finding the best home loan deals demand long term investigation of the market, interest rate, trends, nature of lenders and their background. It is not always the interest rate what drive us to confirm Best home loan deals for a client. Our fist priority is approval of the loan according to appropriate lending policy. We select the best available interest rate from broader perspective of the offers and assess it long term basis.

Selecting product, selecting a specific feature can be very easy process when client can explain clearly what is their long term, when they wish to sell property or how they wish to increase their wealth, how they like to save huge amount of money on interest.

Above are very common questions to compare Best home loan deals and select one. We advice professional service to make all aspects clear to you that you can happily believe you have the best home loan deals.

We strongly recommend our clients that finding best home loan deals can be a very easy process if you understand what need to compare, how you will confirm your eligibility with the specific lender. We have been helping our clients to find best home loan deals comparing all viable loan solutions for them. Best home loan deals will be the deal that will give them benefit in the long term as well.