Home Loans
We are here to help you get the right Home Loan for your circumstances. Our focus is on you. Our customer. Together we’ll help you make one of the biggest decisions in your life, one of the easiest decisions in your life, so that your dreams of Home ownership become a reality.
Are you looking for a new home?
Frequently Asked Questions
Lending managers are lending professionals in the bank & finance industry they are not bankers.
Lending managers have access to a wide variety of loans from a wide range of financial institutions. This means your lending manager can find a loan that is just right for you.
They work with you to determine your borrowing needs and how much you can borrow. Lending managers help ensure you don’t take out a loan that is too big or the wrong product for you.
If you go directly to the bank, you will only be offered the loan options available through that one lender. As your lending manager, we deal with many lenders so we do all the legwork to find the loan that is best for you.
WE DON’T charge fees (although some lending managers do). Lending managers get paid commission by the bank for bringing new business to them, this does not impact your rate or level of service.
Absolutely not! There is legislation in our industry, called the National Consumer Credit Protection Act or NCCP, that is designed to protect consumers and ensure ethical and professional standards in the finance industry. We tell you upfront what commission we will be getting from the bank. Our job, our only job, is to find the most suitable loan for you.
No! Lending managers source competitive products for clients and in many cases you can sometimes get a better deal from a lending manager!
Qualifying for a home loan is based on many factors but primarily your income and outgoings which determine roughly how much you can afford to repay each month. The criteria can change for different lenders that’s why as a lending manager we can sit down with you and work out the best lender for you.
It's best to talk with your lending manager at National Home Finance to determine how much you can borrow but we do have online calculators that can give you an indication.
Fixed interest rates are great for budgeting as the repayments stay the same. But the risk is, if interest rates drop, you will be ‘fixed’ at a higher rate. A variable loan is subject to changing interest rates determined by the lender usually following any change in the cash rate set by the Reserve Bank on the first Tuesday of every month. Sometimes they may go up, sometimes down.
To provide you with an answer to a specific question like this your National Home Finance lending manager needs to understand your current financial picture.
As a rule of thumb if you want flexibility take a variable rate loan, if you want budget certainty take a fixed rate loan, or maybe a combination of both which is quite common.
Not at all, we can come to you if you prefer.
We deal with major banks, second tier lenders and credit unions. We can source you a loan from the lender of your choice. We do not have any business affiliations with these lenders so we are impartial and source the most appropriate loan for you.
The Reserve Bank of Australia meets on the first Tuesday every month to determine the official cash rate for the country. The lenders then use this information to set their own rates. Lending managers do not set rates.
Lenders Mortgage Insurance is a one off, non-refundable premium charged by the banks that can be paid up front or capitalized into your home loan. The more deposit you contribute the lower the premium will be.
LMI protects the bank against any loss they may incur if you are unable to repay the loan.