Home Loans

Securing the right home loan is one of the most important steps in buying a property. At Solve It Finance, we help clients across Perth, WA access home loan options from banks and lenders across Australia, with tailored solutions that suit your individual financial situation.

When comparing home loans, the interest rate is a key factor that affects how much you pay over the life of the loan. You can choose between a fixed interest rate, which offers stable repayments, or a variable rate, which may provide flexibility and potential savings when market rates fall. Some lenders also offer interest rate discounts for eligible borrowers, which can reduce your overall costs.

Lenders mortgage insurance (LMI) is another important consideration. If your loan to value ratio (LVR) exceeds 80%, you may be required to pay LMI to protect the lender in the event of a default. Understanding how much you can comfortably borrow is essential before applying, and our team will assess your income, expenses and existing debts to give you a clear picture of your position.

The home loan application process can feel overwhelming, but we guide you through every step - from gathering documents like bank statements to calculating your repayments. Your credit history plays an important role in the rates and terms available to you, and we work to ensure it is accurately represented to lenders.

Getting pre-approved is a practical way to strengthen your position when searching for a property. Pre-approval gives you a clear budget and shows sellers you are a serious buyer. If you are purchasing for the first time, our first home buyers service can help you understand grants, schemes and the full buying process.

It is also worth considering additional costs such as stamp duty and ongoing loan fees. An offset account can be a useful feature, reducing the interest payable on your loan by offsetting it against your savings. If you already own a property, refinancing your existing loan could help you access a more suitable rate or unlock equity for your next move.

For those looking to grow a property portfolio, our investment loans service is designed to help you structure your borrowing effectively. If you are building rather than buying, we also assist with construction loans tailored to your project timeline and budget.

At Solve It Finance, we are committed to helping Perth residents find home loan solutions that work for their circumstances. Whether you are applying for the first time or exploring your options, our team is here to support you. Book an appointment today to get started.

1. Initial Consultation with your mortgage broker
   Your journey starts with a one-on-one conversation with your expert mortgage broker. We take the time to personally understand you and your financial goals, whether you're buying your first home, investing in property, or securing a commercial loan.

2. Assessing Your Financial Position
   Next, we'll gather the necessary documents such as pay slips, tax returns, tax returns and details of your assets and liabilities. This helps us assess how much you can comfortably borrow. We'll explain your borrowing capacity, and guide you on steps to strengthen your position if needed, ensuring you're set up for success.

3. Exploring Loan Options
   Once we understand your financial picture, we'll research various options from our large range of lenders to find the best fit for you. We'll explore all aspects, including interest rates, loan features, fees, and terms, so you're fully informed about your choices.

4. Pre-Approval Process
   Pre-approval is a crucial step in the property buying process. With pre-approval, you'll have a clear idea of the loan amount you can borrow, which strengthens your position in the local property market. Your broker will help you gather the necessary documents and submit them to the lender for pre-approval, ensuring the process is as quick and straightforward as possible.

5. Submitting the Loan Application
   Once pre-approval is in hand, your broker will help you complete the application to unconditional approval. They will guide you through submitting all the remaining items to the lender such as a contract of sale and valuations. Your broker will communicate directly with the lender to ensure the application is processed quickly, ensuring no delays in getting you the loan you need.

6. Loan Approval & Settlement
   After your loan is approved, your broker will review the final loan offer with you and help arrange any necessary insurance, such as mortgage protection insurance. They will also work with you to ensure you understand the terms of the loan and guide you through the settlement process. Your broker will remain available to help you with any final hurdles before you complete the purchase of your property.

7. Finalising Ownership
   The final step is settlement, when your loan is officially advanced, and you take ownership of the property. Your broker will coordinate with the lender and conveyancer to ensure the transfer goes smoothly. Once the settlement is complete, you'll officially become the owner of the property, and your Finance & Mortgage Broker will continue to offer guidance to help you manage your loan and stay on top of repayments.