Mortgage Broker in Coolangatta

We're expert Mortgage Brokers in Coolangatta helping locals get a new loan or refinance their existing loan

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Based in Coolangatta, QLD? Get in touch with your local Mortgage Broker

Finding the right Mortgage Broker in Coolangatta can make all the difference when it comes to buying a home or investing in local property. At Living Home Loans, we understand that each client has unique needs and goals. Our dedicated team is here to help you access loan options from banks and lenders across Australia, ensuring you get the best possible terms for your financial situation. Whether you are a first-time buyer or a seasoned investor, our expertise and personalised service will guide you in making informed decisions.

Mortgage Brokers offer invaluable assistance in the loan application process. We specialise in helping you apply for a home loan that suits your needs by assessing your borrowing capacity and understanding how different factors, like your credit history and loan to value ratio (LVR), affect your loan amount and interest rate. Whether you choose a fixed interest rate loan or prefer the flexibility of a variable loan rate, our team will guide you through loan interest rate comparisons to find the best fit.

An important aspect of securing a home loan is navigating costs such as stamp duty and lenders mortgage insurance (LMI). Our mortgage brokers provide insights into these expenses and discuss options like using an offset account to manage repayments and save on overall interest. By reviewing your bank statements and current financial situation, we help you understand potential interest rate discounts available to you, as well as options for investment loans or applying for a home equity line.

Gaining loan pre-approval is a crucial step when buying a property. It gives you confidence in your borrowing capacity and strengthens your position in the local property market. Our mortgage brokers facilitate a streamlined application process, ensuring you get pre-approved swiftly and efficiently. This involves calculating loan repayments and discussing the benefits of variable interest rate versus fixed, so you can choose what suits your budget and lifestyle.

Choosing the right Mortgage Broker in Coolangatta means you can rely on professionals who are committed to securing the best possible financial outcomes for you. At Living Home Loans, we aim to make applying for a loan as seamless and straightforward as possible. Let us assist you in accessing the ideal loan options and providing you with peace of mind throughout your home buying journey. Whether you are ready to apply for a home loan or need guidance on investment opportunities, contact us today to explore your possibilities and take the next step towards homeownership.

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Understanding the Different Types of Loans

When it comes to securing your dream home or making smart investment choices, understanding mortgage options is crucial. Living Home Loans are experienced Mortgage Brokers serving Coolangatta locals, helping residents find the right financing solution for their needs. Whether you're a first-time homebuyer or a seasoned investor, knowing the different loan types can make all the difference. Our aim is to provide you with the information needed to make informed decisions, ensuring you choose a loan that aligns with your financial goals.

Owner-occupied loans are common for those who plan to live in their property rather than renting it out. With these loans, you'll typically enjoy lower interest rates compared to investment loans, as lenders see this type of borrowing as less risky. Within this category, there are options like principal & interest loans and interest-only loans. Principal & interest loans are popular among homeowners who want to pay off their loan over time, reducing the loan balance gradually. It's a solid choice for those aiming for long-term financial security. Interest-only loans may suit those who prefer lower initial repayments, but it's important to note that after the interest-only period, repayments will increase since the principal remains unchanged.

For investors or those planning to move soon, bridging loans might be the perfect solution. These short-term loans cover the gap between buying a new property and selling the existing one, allowing you to seize new opportunities without selling your current home immediately. While convenient, it’s essential to work closely with an advisor to assess repayment capability once your existing property is sold.

Understanding interest rate options is vital for financial planning. Variable rate loans have interest rates that fluctuate with the market, meaning your repayments could vary month-to-month. This can be advantageous if rates fall, reducing borrowing costs, but there's a risk if rates rise. Fixed rate loans offer consistent monthly repayments, as the interest rate is locked in for a set period, providing stability for budgeting. However, if market rates decrease, you might miss out on cheaper repayments.

Choosing the right loan requires careful consideration of your current circumstances and future plans. Making informed decisions about owner-occupied loans, interest-only loans, and variable rate loans can greatly impact your financial future. At Living Home Loans, we're committed to guiding Coolangatta residents through every stage of the mortgage process. Whether you are purchasing your first home or expanding an investment portfolio, we're here to support your journey with expert advice. Reach out to Living Home Loans to explore your options, and together, let’s secure the most suitable loan for your needs.

About your Mortgage Broker in Coolangatta

Andrew and Kirsty Best established Living Home Loans in 2016, because they wanted to help property buyers achieve financial peace of mind. They saw a mortgage broker's role as a way to offer clients choices in the property purchasing process, and to ensure their clients could still maintain the lifestyle they wanted.

Living Home Loans aims to cultivate property ownership dreams for Coolangatta locals and beyond by securing your key to success. They understand your unique set of circumstances, means you require home finance that suits your current lifestyle and future goals.

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Our Recent Reviews

I want to say a big thanks to Kirsty & Bernadette at Living Home Loans. They were instrumental in helping me secure finance in a very short timeframe & make it possible to put a successful offer in on an apartment that I’d been hoping to purchase. Thanks Kirsty Best, you are as your surname says, haha

Jamie Mccoll

Thank you, Kirsty for your great service, documentation and information for our first home. You did a wonderful job. ???? …

Jayda Palaboon

With a short timeframe to achieve success we received very personalised service, Justin definitely went the extra mile. We are very happy we choice this broker and will recommend this company and Justin in particular in the future!

Jordy Damsma

As someone who has never used a broker before i couldn’t he happier with the service Justin provided. Great knowledge to help us through our unique scenario with open communication throughout. ...

Chris Jobling

Frequently Asked Questions

Why should I use a Mortgage Broker?

Mortgage Brokers are there to help you find the right loan whether it be from the major banks, smaller lenders or other sources. We have a broad range of products (more than any single lender can offer) which means we can do all the legwork to find the right loan for you.

Do you charge a fee or are the any hidden costs?

Living Home Loans generally charges no fee. However, there are some more complex situations where a small fee is applicable although this will be discussed in your meeting. There are no hidden costs at all.

What kind of interest rates can you offer?

We look at a wide range of products available from Banks, Credit Unions & other lenders across the country. This means we can search thousands of products and make sure we're always recommending the best Home Loans for our clients.

Who owns Living Home Loans and are you part of a Franchise?

We are a family owned business who is not affiliated with any franchise or outside enterprise. Living Home Loans values this independence, and we work hard to look after our community of valued clients.

Can you help First Home Buyers?

We love helping First Home Buyers! We're experts at the entire process and can help you get the right Home Loan. We're also across the various schemes to help First Home Buyers such as the First Homeowners Grant and the various stamp duty exemptions available.

Can you help with refinancing an existing Mortgage?

Of course! We believe that we can find the best interest rate for your refinance, whether it's a Home Loan or Investment Loan.

Can you only help with Home Loans?

We can help with Home and Investment Loans, Construction Loans, Car Loans, Personal Loans and much more. If you're looking to borrow to buy something, we can probably help.

Does Living Home Loans help Self Employed borrowers?

It can be as easy for business owners to get finance as anybody else. We bring solutions to Self Employed borrowers, such as using BAS statements as a means of adequately demonstrating your capacity to service a loan.

Are your Mortgage Brokers licensed and accredited?

All of our Mortgage Brokers are accredited and members of the Finance Brokers Association of Australia. They are extremely professional and provide exceptional service across a range of lending options.

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Name

Phone Number

Email Address

Contact

306/87 Griffith Street, Coolangatta, QLD 4225 (Head Office)

Suite 9/247 Bayview Road, Runaway Bay QLD 4216

0439 110 255

Credit Representative #512666 is authorised under Australian Credit License #389087

Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.