Home Loans 2021

Making your dream home a reality!

Home loans make it possible to acquire a real estate property without having to pay for cash. With interest rates increasing every year, now is the time to secure a loan. Intellichoice's expert mortgage specialists are ready to help.

Your dream home or property is just a hand's reach away. We can guide you in taking that one big step in buying your first home. With different mortgages under our wing, we can find the best suitable and economical option for you. Get a quote today and take that first step in securing your dream home.


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Home Loans 2021

Getting a home loan in 2021- What are the best home loans? Why should I use a mortgage broker? Where and when will I need to give my information? How will the longer term effects of this pandemic impact me? Negative interest rates-is it a thing here in Australia?

So what are the best home loans? Well firstly you should use freely available calculators to Gauge what sort of potential savings can be made by refinancing or if purchasing newly for the first time the cost of purchase including stamp duties in any other additional fees, in some cases what first looks like a great rated home loan can turn expensive due to a lack of flexibility or not meeting the intended purpose.

With hundreds of Home Loans available Across the 50 + lenders that we have access to It is understandably a significant challenge for you to be able to sort through all of these and access what is the best home loan for your particular circumstances.

With this in mind it is not merely the ability of a mortgage broker to sort through your information and assess the likelihood of you achieving a best home loan product with great interest rates.

Working with licensed brokers

What can be more relevant is the mortgage brokers experience and ability in understanding the credit policies of these individual lenders and how that is best represented to them to achieve a positive outcome for you.

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The Australian Securities and Insurance Commission (ASIC) recommended to check whether your agent/broker is registered and licensed with the agency. ASIC noted that brokers can help home buyers in choosing the most suitable loan package and deals based on their needs and circumstances.

Remember that each lender works for themselves and therefore they can generally only represent the products that they have on offer. Over the past eight decades each lender in Australia has developed policies that suit their own risk profiles which marry up with the target client niches that they are looking to acquire.

Therefore experienced mortgage brokers provide arguably real value in your future goals for successfully sourcing the best home loan in your quest for property ownership. This is really important given the amount of time required in attending open homes, searching the internet and dealing with realtors when sourcing your dream property.

With best interest duty (BID) now being legislated about how brokers and lenders act towards giving advice on lending and finance, a particular process is required for obtaining reviewing and preparing advice for clients. You will be asked to read and authorise/sign a credit guide digitally and privacy consent in most recent circumstances due to the covid pandemic digitally. This then allows the broker and later the lender to review your information when asked for-generally by email/messenger or whatever suits you both.

A more frequent question that has been asked a lot by clients over the past 12 months has not been "what is the best home loan for my circumstances and the easiest to achieve" but has been in relation to covid-19 then 20 and now 21. To answer these questions we would need a crystal ball and unfortunately ours seems to have a large crack and with smoke seeping from inside it.

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What we have experienced relative to people refinancing, purchasing property or constructing property around Australia has been that many areas that were supposedly due to fall have actually risen. Our only guess in this has been that people when forced to Lockdown inside small one or two bedroom units envy those people who have properties with backyards. As having a swimming pool, swing set and area for a gym provides a lot more value than anyone had given thought to.

Whatever the reason many have had their value appreciated despite having the fact that many had lost their jobs.. And this is reflected in the valuations we see when having home loans formally approved. Perhaps you can get some level of comfort when purchasing relative to price paid by having an online valuation (property appraisals for the overseas people) done beforehand-ask us about those.

Finally, are negative interest rates a thing in Australia or are they about to arrive? This question is sure to provide a perplexing situation for many of us. Given some European countries have had for a number of years and Japan for two decades then it may be a forgone conclusion. And with the Australian Prudential Regulation Authority (APRA) asking lenders are their internal systems ready to handle such an event?-seems to be leaning towards a yes perhaps.

How will this affect the value of property, rental and property investment markets-as well as construction and retail sales relative to household expenditure household expenditure?-we just have to watch all while hoping for the best. Most people when faced with the fundamentals of life-meeting, living and growing families we need houses/properties in which to do so. As there is still a shortage of properties given prices-then it still looks very positive.

So what should you do with all this information you have several options on which to act. You can complete our online form you can call and request to discuss with a mortgage broker or chat with our call centre to give an overview before a broker meeting.

Home Loans

Home loans make it possible to acquire a property without having to pay in cash. This type of loan can be utilized to buy a home, with the property acquired as the security or collateral of the loan. You can borrow a large sum of money, as the property is generally a lot more expensive compared to cars, boats and personal loans.

Loan amounts depend on your income, savings and financial commitments. You can either choose between a fixed rate loan or a variable mortgage. As the name implies, a fixed rate home loan gives you a fixed interest rate during the duration or repayment period of your loan. Variable loans, on the other hand, are dependent on the changes in interest rate prevailing in the real estate market. Intellichoice can assist you in deciding which type of loan suits you best.

Whether you need to renovate your home, plan for a holiday or wedding or need to consolidate your debts, a mortgage broker from Intellichoice can help you with a personal loan to make it happen.

A personal loan is essentially a lump sum of money that you borrow from a mortgage lender. Personal loans are generally meant for personal use only. That is, the money must be wholly or predominately for personal or domestic use. Personal loans cannot be taken out for business use, such as starting a business, stock for a business or to purchase a car for the business. If you do require a loan for your business or to purchase inventory, we have alternative business finance solutions to suit your needs.

Our wide range of personal loan and home loan products offer flexibility to help finance your personal needs, so whatever your requirements, speak to the mortgage brokers at Intellichoice on 1300 55 10 45 and let us help you find a personal loan to fit your needs.

Calculators For Making Intelligent Choices

Adding up what makes sense in life requires lots of scribbled notes and smart calculations with these Tools

Articles & Resources To Understand When Applying For A Home Loan

Valuable articles and resources for Home loans and Estimators for building, Surveyors for building or Designers for building, etc…

Frequently asked questions

How does Home Loans work?

Buying your own home is one of the biggest financial decisions you will ever make. The lender approves the loan in principle, enabling you to look for a property within the set budget. Once you have decided on a loan amount you will need to finalize the loan documents with your lender. Generally, you are required to pay back the home loan plus interest over a set period of time. If you have questions or need more information, you may ask our Loan Specialist.

How do I apply or qualify for a home loan?

First, you need to do your research on what home loan would suit you. Research your options, provide your proof of income, a detailed budget, your credit rating, employment information, and your net worth. Applying for a home loan is a long and complex process involving everything from credit and reference checks to verification of employment and income. A basic truth a mortgage loan holds your house and land as collateral. But in some cases we don’t really want to end up with your house, we want you to succeed. For you to be able to get approved and succeed you may ask or contact one of our Loan Specialists.

How much can I borrow?

The majority of our home loans allow you to borrow up to 95% of the value of your property but you may have to pay Lenders Mortgage Insurance if your loan amount is more than 80% of the value of your property. To get a better idea of how much you can borrow, use our Calculator, or make an appointment with one of our consultants.

What type of Home Loans do you offer?

Our significant panel of lenders ranges from the largest lenders in the country through to small specialist lenders. This indicates we can offer home loans that match almost all situations, including loans for new property purchases, refinancing of your current property, owner-occupiers or investment purposes. Product features available include variable or fixed rate loans, offset accounts, interest only, combination loans or lines of credit.

What are your interest rates?

The interest rate charged will vary depending on the lender and solution chosen to meet your needs

What are the costs involved?

Costs differ on the Home Loan you choose. In addition to the application, valuation, and settlement fees, you have to take into account different charges such as Stamp Duty and solicitor’s fees. You can use our Stamp Duty Calculator to find out how much Stamp Duty you’ll pay in your State or Territory

What are the requirements needed?

Depending on your circumstances and the home loan you have applied for, you will generally need to supply the following:

1.) Proof of income – latest payslip or letter from employer detailing conditions and most recent group certificate.
2.) Completed and signed Application Form
3.) Copy of your driver’s license
4.) First Home Owner Grant application (in case you are a first home buyer)
5.) Signed copy of Contract of Sale (required for purchase only)
6.) 6 Months Home Loan Statements (required for refinancing only)
7.) Rates Notice for existing property used as security (required for refinance/equity releases only)
8.) Copy of last 3 months’ loan statements for any loan to be paid out (required for loan consolidation only) Please note: We may require additional documentation depending on your circumstances.

About Us

At Intellichoice Finance, we’ve been successfully providing finance solutions to satisfied clients for years. From home loans, bad credit loans… to owner builder loans… equipment and commercial finance – we’ve got it covered.