Home Loan Establishment

24/03/2025

EXCITING NEWS! We’ve just launched something super exciting…

Introducing the Home Loan Establishment GPT – your new go-to digital helper for all things home loans! 🏡✨. With the market so incredibly busy (not to mention our team!), we've created our new digital presence via. GPT to allow new and existing clients access to ask us any question without delay, any time of the day! 😌🤌🏼

Whether you're a first home buyer, thinking about refinancing, or planning your next move, our custom-built GPT is here to make the process easier, faster, and a whole lot less stressful while giving you access to information as and when you need it.

🧠 What can it help with?
✔️ Answering your home loan questions (anytime!)
✔️ Explaining the buying/refinancing process in simple terms
✔️ Helping you understand your borrowing power
✔️ How to use equity and understanding what this means
✔️ Giving tips on how to get loan-ready
✔️ Breaking down complex terms so you’re never left confused

Basically, it’s like having us in your pocket – minus the phone calls and financial jargon, anytime of the day! 😉

Ready to give it a try? 💬 Jump in and have a chat 👇🏼

We're so excited to launch this new app!

Friendly, expert guide for Aussie home loans and refinancing

24/01/2025

Congratulations to our clients on securing their new homes in the recent months! 🏡✨ it has been absolutely incredible to be apart of each of your journey’s to home ownership. At Home Loan Establishment, we pride ourselves on delivering exceptional service to every client, ensuring a seamless experience from consultation to settlement.

Did You Know? As a first home buyer, you might be eligible for the First Home Owner Grant (FHOG) in your state. This grant provides financial assistance to help you enter the property market sooner. Additionally, there are other grants available that could also save you the cost of lenders mortgage insurance for those of you with less than 20% deposit. Navigating these incentives can be complex, but with our expertise, we’ll guide you through every step to maximize access to eligible benefits.

While we work hard to help you secure finance, we put a lot of focus on educating our clients on the various stages of the process but also, helping you understand your options, manage a mortgage, ensuring you’re well-informed and confident in your decision-making.

This week has seen some incredible wins for our team and some amazing turnarounds from offer and acceptance to approval in as little as 36hrs. We are so thrilled for all our lucky home buyers and we look forward to the many ready and waiting to embark on their journey to home ownership 🏠🥳✨🥂.

21/01/2025

What to expect when buying your first home! 🏡✨

Embarking on the journey to your first home is both thrilling and daunting. Let’s demystify some common questions to set you on the right path:

1. How much deposit do I need?

While a 20% deposit is ideal to avoid Lenders Mortgage Insurance (LMI), it’s not mandatory. With government schemes like the First Home Guarantee, eligible buyers can secure a home with as little as a 5% deposit.

2. What is Lenders Mortgage Insurance (LMI)?

LMI protects the lender if you default on your loan. It’s typically required if your deposit is less than 20%. While it adds to upfront costs, it enables buyers to enter the market sooner.

3. How do I determine my borrowing capacity?

Online calculators offer estimates, but they might not account for all factors. Engaging with a mortgage broker provides a comprehensive assessment tailored to your financial situation.

4. Are there grants or schemes for first home buyers?

Absolutely! The First Home Owner Grant and various state incentives can provide financial assistance. Eligibility criteria vary, so it’s essential to check the specifics for your region.

5. Should I buy a new or established property?

Both have pros and cons. New properties might offer grants and lower maintenance but could be pricier. Established homes may provide better locations but might need renovations. Assess your priorities and consult with professionals.

Remember, every buyer’s journey is unique. Equip yourself with knowledge, seek expert advice, and take confident steps toward your dream home! 🏠💫

28/05/2024

Congratulations to our wonderful clients who in the past month or so, have secured or gone under offer on new homes!

We love being apart of your journey and appreciate each and everyone of you for placing your trust in us to help you achieve your goals!

Congratulations, HLE clients! 🍾😍

06/03/2024

🏠 23 Edinborough Street, Mt Hawthorn SOLD $1.25m

🏠 3 Mead Grove, Floreat SOLD $1.75m both under offer and BOTH unconditional within 48hrs from submission 🥳🫶🏽

Some great wins for our team but more importantly, our lucky clients who celebrate amongst many others this week 🥰 (congrats to our dear Maddie on her new car too, we see you! 🚙🥹).

06/03/2024

SELF EMPLOYED BORROWERS 📞👩🏻‍💻 Self-employed borrowers can now enjoy simplified home loan options when it comes to applying for a home loan under new lender policies 🥳🏠🥰. So what does this mean and what does this look like?
Most lenders believe that by looking at your past tax returns, they can predict how stable your business will be in the future. Banks and non-bank lenders alike tend to be very wary if you have an income that has increased or decreased by a large amount in the last two years 📈.

One lender may use the lowest of the income figures for the last two years, another may use the most recent year’s income as shown on your tax return and some may even average the two years income or take 120% of the lowest year’s income (and they may or may not add back expenses shown on your returns!). As you can imagine, this can have a huge impact on your loan application while more importantly, every lender can also interpret your tax returns in a different way and may look at your skills as an entrepreneur, your experience in the industry and the risk profile of your industry to determine how to assess your income 👨🏼‍🌾.

But good news, under recent policy changes in the last year, a select few of our lenders, can now consider a loan based on the following income verification:

* 2 payslips OR 6 months’ consistent salary credits + Accountant’s Letter confirming the business can maintain it’s current and ongoing commitments; and

* Business to be operating no less than 2 years and salary paid for no less than 6 months. (This option, does not require any Notice of Assessments, tax returns or financials 😮‍💨)

Of course, depending on your situation, it is quite common to pick and choose which information to provide from those discussed above, to help prove the highest possible income. If you’re in the market and considering your options as a self-employed individual, speak to us today to see if we can help 💁🏽‍♀️.

09/02/2024

Like many of our clients in the market, it has been an extremely competitive and difficult time for most, trying to secure an offer on a property. Congrats to those of ours who have managed this successfully! 🏡🥳🥰 Strategies and tips to consider when buying in a hot market can include:

👩🏽‍💻 **Be Prepared**: Have your finances in order before you start looking. Get pre-approved for a mortgage to show sellers you’re serious and financially capable.

👨🏼‍⚖️ **Act Quickly**: In a hot market, properties sell fast. Be ready to act swiftly when you find a property you like. Consider setting up alerts for new listings in your desired area and be ready to schedule viewings immediately.

🧑🏽‍💼**Align with Knowledgeable Agent**: A good real estate agent with experience in the local area can provide valuable insights and help you navigate the competitive landscape. They may also have access to off-market listings or know of properties before they hit the market.

🥵 **Offer Strong Terms**: In a hot market, you may need to make your offer more attractive to sellers. Consider offering above asking price, a larger earnest money deposit, or flexible settlement terms to make your offer stand out.

🤸🏽‍♀️ **Be Flexible**: Be prepared to compromise on some of your preferences, such as location or property features, to increase your options in a competitive market.

🧐 **Do Your Due Diligence Quickly**: While it’s important not to rush the decision-making process, in a hot market, you’ll need to conduct your due diligence efficiently. Work with your agent to schedule inspections and appraisals promptly to avoid losing out to other buyers.

😌 **Stay Calm and Patient**: Buying in a hot market can be stressful, but it’s important to stay calm and not let emotions dictate your decisions. Be patient and trust that the right property will come along at the right time.

Of course, we encourage all our clients to utilise every aspect of our service including property reports, deposit estimates and repayments to ensure the expected costs align with both your budget and expectations. Speak to us today for more information.

12/10/2023

From the sunny west coast shores to the busy streets of NSW. It all starts here ✨⭐️🫶🏼🏠

03/10/2023

**RATES ON HOLD** The Reserve Bank of Australia has kept its key interest rate on hold for the fourth straight month, giving mortgage holders another small reprieve.
The decision to keep the cash rate at 4.1% is the first one made with Michele Bullock as governor of the RBA 📣

In her first statement on monetary policy as governor, Bullock warned Australia was not out of the inflation woods yet and further interest rate rises remained on the cards.
“Some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe, but that will continue to depend upon the data and the evolving assessment of risks,” Bullock said.

Another month of interest rates remaining steady is little comfort for thousands of borrowers who are already struggling with higher repayments.

Tuesday's decision to leave rates unchanged was widely expected by economists: however, the risk of future rate rises is growing as the RBA weathers challenges of rising house prices, the increasing cost of fuel and a slight uptick in monthly inflation.

With inflation still stubbornly high overall, it is still widely concerning as the outlook of yet another rate increase could be expected by the end of the year.

Remember, keeping on top of knowing what our household costs are including your mortgage, is important to monitoring these uncertain times. If you would like a no obligation review of your circumstances, get in touch today.

07/09/2023

Considering a new job? Or maybe, you’ve just changed jobs?!

Can you still apply for a mortgage with new employment or only 1 day in the job?

Short answer, Yes! 😍

For borrowers who are considering a change in employment or have recently started a new job either permanent part time, full time or even fixed term contract, can get comfort in knowing they too, can still apply for a mortgage with as little as 5% deposit plus costs.

Unfortunately, our casual employee peeps will be subject to (in most cases) a min. 6 months in the job.

But if this sounds like you, and you’d like to know more - speak to us today! 🙌🏽

Is there a question you’d like to ask? Comment below 👇🏼and we’ll do our best to answer your questions in the comments.

06/09/2023

Team work, makes the dream work ✨🏡👩🏽‍⚖️ 4 new builds under offer and 4 homes each sold within 1-3 days of submission.

It’s been a good month so far, and we’re excited to see these new builds come to life over the next short while - congrats to all of our clients 😍🌊☀️🥰

05/09/2023

📢 PSA *RBA leaves interest rates on hold for the third consecutive month ✨

For the 3rd Month in a row the RBA leaves the official interest rates at 4.1% offering another month’s reprieve for home owners and borrowers.

This will be welcome news to many property owners around the country today.

Despite the good news, the central bank says future rises may still be necessary to ensure inflation continues to fall and of course, we encourage clients to continue to consider the possibility and ensuring they budget and set aside for it, should interest rates increase again over the next 12 months.