Home Loans

Whether it's your First Home, Next Home or Dream Home, we're on your side

At Abundance Home Loans, we understand that buying a home is a significant milestone in your life. Whether you're a first-time buyer or looking to refinance, our expertise in the property market across the Mornington Peninsula and beyond is here to assist you. We provide access to Home Loan options from banks and lenders across Australia, ensuring you find the best fit for your financial situation. Our goal is to make the application process smooth and straightforward, allowing you to focus on your dream home.

When considering Home Loan options, it's essential to understand the various factors that can affect your borrowing experience. One of the primary elements is the interest rate. At Abundance Home Loans, we guide you through understanding fixed interest rate home loans and variable home loan rates. A fixed interest rate provides stability with set repayments, while a variable interest rate may fluctuate, offering potential savings if rates decrease. Our team will help you weigh these options and determine what aligns best with your financial goals.

Another crucial aspect of applying for a home loan is your credit history. Lenders assess your credit history to gauge your reliability as a borrower. A clean credit history might even lead to interest rate discounts. We help you understand how your credit history affects your Home Loan application and offer strategies to improve it if necessary. Additionally, we discuss the loan to value ratio (LVR), which compares your loan amount to the property's value. A lower LVR can result in more favourable Home Loan rates and may also reduce the need for lenders mortgage insurance (LMI).

Understanding the costs associated with buying a home is pivotal. Beyond the loan amount, you'll need to consider stamp duty, which varies by state and territory in Australia. We assist you in calculating home loan repayments, factoring in these additional costs. Our team will help you explore options like an offset account, which can reduce the interest payable over time, providing further savings.

Before you apply for a home loan, getting pre-approved can enhance your confidence as a buyer. Home Loan pre-approval gives you a clear idea of your borrowing capacity and strengthens your position in the property market. At Abundance Home Loans, we offer a streamlined application process to get you pre-approved swiftly. We work closely with you, reviewing bank statements and other necessary documents to ensure everything is in order.

Whether you're looking to buy in Mornington Peninsula or anywhere else in Australia, our tailored approach ensures that you have access to competitive Home Loan options. Our expertise extends to understanding how home equity can be leveraged for future investments or renovations, making sure your financial decisions today benefit you tomorrow.

In summary, Abundance Home Loans is committed to guiding you through every step of the home buying journey. By providing access to diverse Home Loan options from reputable lenders across Australia, we ensure you make informed choices. Whether you're focused on securing the best interest rate or understanding the intricacies of lenders mortgage insurance (LMI), our dedicated team is ready to assist. Contact us today to discuss how we can support your dream of buying a home with confidence and clarity.

Getting a Home Loan

Step 1 – How much can I borrow?

Before you decide on the house you want to buy… let us work out your affordability so you know what purchase price you can aim for. We will ask for some documents to ensure that the figures are as accurate as can be, to give you the confidence to take the next step.

Step2 – Home Loan Pre-Approval

Let us do the paperwork and take away the stress of the loan application process. Once you have the thumbs up from the Bank, it’s time to start scrolling through the property pages.

Step3 – Hunting for your First Home

It’s time to find your dream home. We will guide you along the way and let you know what is required to make an offer or put in a bid at auction and navigate the negotiations. Once you have signed on the dotted line, it’s time to get your formal approval.

Step4 – You've found your first home - Formal Approval

Getting your formal approval is the most exciting part of your journey. From the uncertainty at the start to now, you’ve nailed it! Once you loan is approved, you are ready to start furniture shopping.

Step5 – Settlement and Beyond

We will guide you through the loan offer documents and the signing process and what you need to know for settlement and preparing for the big moving day. Our job is not done when you have settled your home loan, we will do regular check ins and annual reviews to ensure you are getting the best deal with your current lender.

Book Appointment

ET

Em Tee

Mandy and her team were beyond brilliant in assisting through the entire process in obtaining and refinancing our mortgage. Could not recommend her services enough!

KD

Kerryn D

Mandy is warm and professional. Easily contactable and generous with information. The whole process was easy, and I have a great home loan. Fantastic and highly recommend.

SM

Samantha Millhouse

Mandy was amazing from start to finish and achieved miracles with our home loan. She went above and beyond, working so hard to secure a brilliant deal. Highly, highly recommend! Thank you Mandy!

Frequently Asked Questions

Can you help First Home Buyers?

We love helping First Home Buyers! We're experts at the entire process and can help you get the right Home Loan. We're also across the various schemes to help First Home Buyers such as the First Home Owners Grant and the various stamp duty exemptions available.

Can you help with refinancing an existing Mortgage?

Of course! We believe that we can find the best interest rate for you to refinance to, whether it's a Home Loan or Investment Loan.

Are your mortgage brokers licensed and accredited?

All of our Mortgage Brokers are accredited and members of the Mortgage and Finance Association of Australia. They are extremely professional and provide exceptional service across a range of lending options.

How do I get paid?

I receive a commission from the Bank or Lender for selling their products, so you don’t pay anything up front or at settlement of the loan. Sometimes, I may charge you a fee directly, instead of, or as well as, the lender’s commission.

This will depend on the complexity of your situation and how long it takes to obtain your home loan. I will let you know up front if a fee is payable or not.

Can you only help with Home Loans?

We can help with Home Loans, Investment Loans, Construction Loans, Car Loans, Personal Loans and much more. If you're looking to borrow to buy property something, we can probably help.

Why choose a Mortgage Broker?

With many lenders to choose from, you may decide to get help from a mortgage broker rather than going direct to your bank where you only have access to the banks home loan products, limiting your options.

Using a mortgage broker gives you more options based on your personal circumstances and acts as a go-between with the banks or other lenders to arrange your home loan. As a Mortgage broker I act in your best interests when suggesting a home loan for you.

In our first appointment, I will understand your needs and goals, work out all the figures and how much you can afford to borrow. Then find the best options to suit your situation.

If you don’t know much about home loans, I will explain the options, feature, benefits and the costs to give you peace of mind. I deal with all the paperwork and take away the hassle so you can get on with your day, knowing that I have everything under control.

What kind of interest rates can you offer?

We take look at a wide range of products available from Banks, Credit Unions & other lenders across the country. This means we can search thousands of products and make sure we're always recommending the best Home Loans for our clients.