Hi,

I’m a first home buyer and looking to buy a property around $650k. I have $300K in saving and will need to borrow about $400K. I have run my own business for 3 years and wanting to split the loan 50% variable and 50% fixed for 3 years. What are the best rates available?

Hi Lisa,
While rate isn’t the most important part of the process, you will find some very good rates around 3.75% - assuming these fit your circumstances. Not everyone can access the rates you may see advertised.
I would strongly recommend you sit with an experienced broker who will have 25+ lenders to choose from and can tailor a solution that best fits your needs.
If you would like to discuss any specific needs, feel free to give me a call 0435.474.498
Have a great day and good luck with your new house
Kind regards
Scott

Hi Lisa,

I agree with Scott, while rates are importants, your income is also important,
Assuming you have enough income to service, you can access the prime rates from 3.69% or so,
There is also Alternative ways of assessing the income that can be used to show servicing,
An experienced broker can find out the best option for you and come up with a proposal,

Please feel free to contact me on 0414 545 643 or michael@progressloancentre.com.au
regards

Hi Lisa

The lender with the lowest rate may not be the best lender for your specific needs/ wants. Every lender has different policies and processes. Simply speaking you may not necessarily qualify for a loan with the lender with the lowest rate.

A good mortgage broker will sit down with you and look at your whole financial position and then search for lenders/ loan products where you will qualify for a loan and then recommend the lender with the lowest rate based on those lenders who will consider approving your loan. They should also be able to explain why they recommended a particular lender/ loan product.

I would be more than happy to spend some time with you to discuss your situation and provide the appropriate recommendations.

Regards

Sam Zammit
South West Lending Solutions
1800 824 325
0414 727 308
sam@southwestlendingsolutions.com.au

Hi Lisa,

Splitting the loan 50%/50% is a strategy a lot of my clients are going for. I have variable rates starting at 3.59% at the moment and 3 year fixed rate specials 3.79%.

Happy to have a free no-obligation chat to see if a fixed rate product is right for you and what combination would work best.

Cheers,

Umit Talarico
Premier Lending
0425 354 821
umit@premierlending.com.au