Mortgage Broker for a Hobart Home.
Destination of the notorious Sydney to Hobart yacht race, this busy seaport city has remained steady, missing out on some on the property highs and lows of its mainland counterparts, and continues to be a popular choice for First Home Buyers.
Why use a local mortgage broker?
A local Hobart mortgage broker is on hand to assist you getting a mortgage whether you’re looking to buy in South Hobart,Moonah, Firthside,Otago Bay, or Battery Point. Situated nearby and happy to conduct home visits rather than just office appointments, the services of your Hobart mortgage broker are efficient, convenient and only a phone call away.
How much can I borrow?
The amount you can borrow depends on your income and existing financial commitments. Lenders assess your financial situation using their own unique serviceability calculators to determine the total amount you can borrow, usually up to 80% of the property’s value. You may borrow above 80% of your property’s value, but this could mean you’re subject to additional credit criteria and be required to pay Lenders Mortgage Insurance, which is usually charged as a one-off premium and calculated on a sliding scale.
Which home loan product is right for me?
There are a number of home loan products available on the market including:
- Owner-occupied home loan
- Investment home loan
- Line of Credit
- Low Documentation Loan
- 100% Home Loan
- Construction Loan
- Non-conforming Loan
- Reverse Mortgage
Your mortgage broker works with you to determine which loan product will best suit your individual needs.