Home Loans

Whether it's your First Home, Next Home or Dream Home, we're on your side

When it comes to buying a home or upgrading to a new property in Australia, the Home Finance & Mortgage Brokers at Blue Lion Lending are here to simplify the process. Whether you're taking your first steps onto the property ladder or aiming to move into your next dream home, understanding your Home Loan options is crucial. Our experts can help you navigate the complexities of the property market in the suburb and beyond, guiding you through the myriad of choices that can affect your financial situation.

At Blue Lion Lending, our experienced brokers are committed to helping you access Home Loan options from banks and lenders across Australia. This starts with understanding your borrowing capacity, which is influenced by factors such as your income, credit history, and the loan amount you wish to secure. By assessing these details, we guide you through the recommended loan products that best match your needs. Our role is to demystify the application process, ensuring you know what's required when it comes to bank statements, loan-to-value ratio (LVR), and how these impact your ability to successfully apply for a home loan.

One crucial aspect of applying for a home loan is understanding Home Loan Rates, which can include both fixed interest rate home loans and variable home loan rates. The choice between a fixed interest rate, which offers stability, and a variable interest rate, which may fluctuate, often depends on your personal circumstances and financial preferences. We explain the implications of each type, including how they affect your monthly repayments and overall interest burden. We also explore options such as interest rate discounts and offset accounts, which can be beneficial in managing your home's finances. Ultimately, these decisions can determine the best path for your home equity and financial growth within the suburb.

Navigating the property market can be daunting, especially when considering additional expenses such as stamp duty and lenders mortgage insurance (LMI). At Blue Lion Lending, we aim to reduce the stress associated with these costs. Our streamlined application process ensures you’re well-prepared for these expenses. We assist in the crucial step of getting pre-approved for your home loan, offering you greater bargaining power when buying a home. Through our comprehensive service, clients in the suburb can focus on selecting their ideal property while we handle the intricacies of the Home Loan application.

As you embark on your journey to either buy your first home or upgrade in the suburb, Blue Lion Lending is here to support you every step of the way. With a focus on clarity, our home finance experts provide personalised advice tailored to your unique financial situation. We invite you to contact us today to discuss your home finance goals and take advantage of our expert guidance through the Home Loan process. Apply for a home loan with Blue Lion Lending, and let us help make your home ownership dreams in the suburb a reality.

Let's explore the different types of Home Loans

When looking at different Home Loan Options, it's important to understand some of the key loan attributes:

• Principal and Interest: This is the most common type of Home Loan. With a principal and interest Home Loan, you not only pay the interest on the borrowed money but also a portion of the actual loan amount. It means you're slowly paying off the loan while also covering the interest.

• Interest Only: With an interest-only Home Loan, you only pay the interest on the borrowed amount for a certain period, usually around 5 years. This can make your initial repayments lower, but keep in mind that you'll still need to pay back the full amount later on.

• Variable Rate: On the other hand, a variable rate Home Loan means the interest rate can change over time due to various factors like changes in the economy. While it might offer flexibility and potentially lower interest rates, it could also mean that your repayments may vary.

• Fixed Rate: A fixed-rate Home Loan means the interest rate stays the same for a set period, often 1 to 5 years. It provides stability and predictability because your repayments won't change during this time, making it easier to budget. 

We're a proud member of the Mortgage and Finance Association of Australia and have clients right across Australia. If you're looking to get a Home Loan, we have the expertise and experience to guide you through the process of finding the right Home Loan for your needs.