Home Loans
Have you been looking for your first or next property?
EZ credit solution brings you years of local broking experience to help you find the most suitable home loan, whether you are looking to purchase an established property, build your own house or refinance.
Why Do You Need Home Loans?
Owner-occupied
For people who own their own home or have an existing mortgage on their current home.
Assist people as they buy their next home or renovate their existing property.
Investment
Taken on a property in an effort to build capital over time.
Great mortgage solution for anyone who wants to generate rental income, whether for supplemental funds or as part of a primary profession.
Refinance
For people who have an existing mortgage and want to switch to a different lender.
With lower interest rates, loan consolidation, and home sales may allow you to access equity to make home renovations or improvements.
Home Loan Process
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Find And Supporting Document Collection
- Situation Analysis And Product Advice
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Signing Lender Forms & Submit Documents To Lenders
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Pre-Approal & Valuation
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Formal Approval
- Signing Mortgage Documents
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Settlement Booked And Loan Settled
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Ongoing Client Care
Why Choose EZ Credit Solution?
On your side
We act in the best interests of our clients, not being tied to any banks, developers, and real estate agents.
Incredible rate
We put our technologies and relationships to source and negotiate for a lower interest rate or maximised loan amount based on the strength of your application.
Quality
Every loan we process follows our well-designed and documented workflow. This helps to ensure your loan application and settlement follow a structured path from start to finish.
Ongoing support
Even after your loan has settled, our post-settlement team is there to assist and guide you throughout the lifetime of your home loan by monitoring the competitiveness of your product.
Extensive lender network
EZ credit solution maintains accreditations with more than 50 lenders so that we have the capacity to provide you a range of products to choose from.
Fast and effortless approval
We guide you through the often-complex pre-approval and application process, do your paperwork, and speed up your loan application with our experience and
Documents You May Need To Provide
ID Documents
Passport, Driver’s license, VISA Grant letter, etc.
Income Documents
Payslips, Bank statement, Rental agreement, etc.
Asset Documents
Contract of Sale, Rates Notice, etc.
Liability Documents
Loan statement, Credit card statement, etc
If you are self-employed, you may need to provide
Personal tax return
ATO Notice of assessment
Business, company, or trust returns
Liability Documents
Not eligible for a self-employed income assessment?
Try Low Doc mortgage, speak to our broker for more details.
FAQs
LVR is the ratio of the loan size to the property purchase price. The size of the deposit plays a key role in determining the LVR, as usually the larger your deposit, the lower your LVR will be. It is a key part of the loan assessment process, and it can affect how much you can borrow from a lender, as well as the interest rate charged and the need to purchase lender’s mortgage insurance.
LMI is a once off fee that normally applies to loans where the customer is borrowing more than 80% of the purchase price. LMI is scaled depending on the percentage you need to borrow (between 80 – 100%) and the amount of the loan. LMI can start from $800 and range up to nearly 4% of the loan amount. You have two options to pay this fee.
You can pay it upfront on settlement of the loan.
Some lenders allow you to capitalise the cost of your LMI, meaning that they will add this cost to your loan amount.
An offset account is a separate deposit account. You can have your employer deposit your salary into it, and you can use it as a normal transaction account if you like, but extra account fee may be applied.
By contrast, a redraw facility is a product feature attached to your loan. It allows you to redraw the amount you have paid ahead of your scheduled payments.
Both offset and redraw can work together to save you interest and help pay off your loan faster. How you use them depends on your circumstances and financial managing preference.
Applying for multiple pre-approvals may harm your credit score, resulting financial stress to lenders when assessing your application. It is suggested to only apply for a pre-approval once you have chosen a suitable lender.
You may be eligible for or take advantage of
First home owners grant
Stamp duty exemption
First Home Loan Deposit Scheme
First Home Super Saver Scheme
For more details, please contact our broker.