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Home Loans

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Whether it's your First Home, Next Home, or Dream Home, we're here to support you every step of the way.

We understand the significance of having various lending options when seeking a Home Loan. Our extensive network provides access to a wide range of products from reputable lenders nationwide, including major banks, credit unions, and building societies. 

Throughout the purchasing process, we guide our clients and handle the necessary tasks until settlement. Our goal is to secure the most competitive interest rates for your personalised Home Loan and even compare cash-back offers on your behalf.
 
It's essential to grasp the key attributes of different Home Loan options:

Principal and Interest

This is a common Home Loan type where you pay both the interest and a portion of the loan amount regularly, enabling gradual repayment of the loan while covering interest costs.

Interest Only

With an interest-only Home Loan, you solely pay the interest for a specified period, typically around 5 years. While initial payments may be lower, repayment of the entire borrowed sum will be required afterward.

Variable Rate

In a variable rate Home Loan, the interest rate can fluctuate based on economic factors, offering flexibility and potentially lower rates. However, this variability may lead to changes in your repayment amounts.

Fixed Rate

A fixed-rate Home Loan maintains the same interest rate for a predetermined period, often 1 to 5 years. This option offers stability and predictability as your repayments remain constant, facilitating easier budgeting.

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Other home loan types

Equity release
Margin lending
Reverse mortgage
Equity release or Top-up is a term used for a multitude of loans. This could be to top up your cash balance before retirement or access funds for care. More commonly it is used for the dream renovation of your home. It can also be used to pay off personal debts that have higher interest rates or to help struggling loved ones.
Margin lending is a type of loan that allows you to invest. The amount you can borrow is dictated by your Loan to Value Ratio or LVR. You can use your existing portfolio, shares, managed funds or cash as security. It is advised that you speak to your accountant or financial advisor before proceeding with this form of lend.
A reverse mortgage allows you to borrow money using the equity in your home as security. Clients choose how this is paid, whether it is a line of credit, an income stream or a lump sum. Interest is charged like all loans with some exceptions to how it is paid. The loan generally doesn’t require repayments while you live in your home. However, the loan must be paid back in the event of you selling the home, passing away or moving into aged care.

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2024 / Mortgage Brokers Co. Jackson McCarthy is a credit representative (488785) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237)

Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does notconstitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

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