Airport West Mortgage Broker

At Margin Finance, we're Mortgage Brokers in Airport West helping clients get into their property sooner with a range of loan options

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Based in Airport West? Get in touch with your local Mortgage Broker

At Margin Finance, we understand that buying a home is one of the most significant financial decisions you'll make. As a trusted Mortgage Broker in Airport West, we help you navigate this journey by providing access to loan options from banks and lenders across Australia. Whether you're a first-time homebuyer or looking to expand your investment portfolio, our expertise in the local property market and comprehensive understanding of financial services ensures you find the right home loan to suit your unique needs.

Our role as your mortgage broker is to simplify the loan application process and help you apply for a home loan with confidence. By evaluating your financial situation and borrowing capacity, including factors like your credit history and the required loan amount, we can provide tailored advice on home loan options available to you. These options may include varying interest rate structures, such as fixed interest rate loans for predictability or variable interest rates for flexibility, allowing you to choose what fits best with your financial plans.

Understanding loan specifics, such as the loan to value ratio (LVR), is crucial when applying for a home loan. The LVR compares the loan amount with the value of the property and affects the lender's mortgage insurance (LMI) requirements. A lower LVR might exempt you from paying LMI, saving you significant costs. Additionally, we assist in obtaining interest rate discounts that could make your loan more affordable over time, enhancing your ability to manage loan repayments effectively.

Navigating costs such as stamp duty in Victoria can be complex, but our experts are here to guide you. We help you understand these ancillary charges and integrate them into your overall home buying budget. By factoring in these costs early on, you can avoid unexpected expenses down the line, maintaining better control over your finances and property investment strategies.

One of the advantages of working with Margin Finance is our streamlined application process. We assist in gathering all necessary documentation, from bank statements to proof of income, ensuring a smoother progression from loan application to approval. Providing access to various loan rates, our goal is to secure the best and most competitive offers from reputable lenders. For those looking to get pre-approved, we facilitate loan pre-approval, giving you the leverage to negotiate confidently and act swiftly in the fast-paced local Airport West property market.

Offset accounts can also be a valuable component of your mortgage strategy. These accounts offer the potential to reduce the interest payable on your loan by offsetting the account balance against your home loan amount. Coupled with strategies for using home equity or investment loan products, we provide comprehensive advice to enhance your financial position and investment potential.

At Margin Finance, we're committed to making your home buying experience in Airport West seamless and financially sound. Whether you're calculating loan repayments or exploring variable loan rates, our expertise ensures you're equipped to manage your mortgage effectively. Apply for a home loan today and let us guide you through each step. Contact us to discuss your options, and together, we’ll pave the way to your dream home equipped with the financial solutions tailored for you.

Find out how much you can borrow

In 60 seconds, understand how much you can borrow to buy your dream home  in Airport West.

As a Mortgage Broker in Airport West, we'll help you understand the types of loans

Understanding the various mortgage options can seem daunting. Our comprehensive guide seeks to simplify these choices for locals in Airport West, enabling you to make knowledgeable financial decisions.

  1. Owner-Occupied Loans: Specifically designed for individuals intending to reside in Airport West, these loans usually come with more attractive interest rates and terms due to the reduced risk for lenders, given that borrowers live in the property.

  2. Interest-Only Loans: For a set period, often five to ten years, borrowers need only pay the interest on their loan. It's vital to recognise that this option may result in lower initial outgoings, but the financial responsibility heightens when you start to pay off the principal amount.

  3. Principal & Interest Loans: Focused on gradually diminishing both the interest and the principal sum, these loans are structured to consistently decrease the total debt, aiming for complete repayment by the end of the term.

  4. Variable Rate Loans: The interest rates of these loans change in accordance with the market, impacting your monthly repayments and the total cost of the loan over time.

  5. Fixed vs Variable Rate Loans: The decision here is to lock in an interest rate for a certain period, typically one to five years, to maintain stable repayment amounts. Nevertheless, it's important to understand that after this timeframe, the loan usually switches to a variable rate that fluctuates with the market.

  6. Bridging Loans: Ideal for those transitioning between homes and awaiting the sale of their current property, these short-term loans act as a financial "bridge". They often have higher interest rates and shorter terms than typical loans, designed to be repaid with the proceeds from the property sale.

Grasping the distinct features and advantages of each loan type is crucial. With the plethora of options available to match different needs and financial circumstances, securing the perfect loan tailored to your specific requirements is within reach.

About Your Airport West Mortgage Brokers

Margin Finance is a team of expert Mortgage Brokers servicing Airport West. We have expertise in banking, real estate, new finance and refinance, financial literacy, and goal achievement. 

At Margin Finance, we believe in personalised service tailored to each resident of Airport West and their unique needs. We are dedicated to providing a seamless and stress-free experience from the initial consultation to the final approval. Transparency and trust are the cornerstones of our business. We keep you informed at every step, ensuring there are no surprises or hidden fees.

Get in touch with our qualified Mortgage Broker at Margin Finance, where we offer both virtual and face-to-face consultations in Airport West and surrounding areas.

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A margin exceeding the means of others

Theresa Meach

I couldn’t be happier with my experience with Margin Finance especially Andrew, Alex and Damian. From the very first consultation, the team was incredibly knowledgeable and attentive. They tailored their advice to my situation and provided me with a personalised plan. Andrew and Alex were always available to answer my questions even on their day off!! I would highly recommend Margin Finance to anyone looking for a reliable and knowledgeable team! Thank you again for helping me secure my first home.

Sam & Kelly Walker

Couldn't be happier with our experience. Offering advice and guidance from start to end. Understanding of the high anxiety and willing to take the time to answer our questions and reassure us every step of the way. We started by going to a webinar hosted by Damian at Margin, thinking we had no path to take for home ownership, to being coached on steps we need to take, to purchasing our first property. Damian and his team went above and beyond to help guide us, highly recommend their services.

Chynthia & Drazen Kovac

Margin Finance have been incredibly helpful and professional while assisting us in securing a mortgage for our new home. Our income situation was a bit unique but the excellent communication and knowledge from Damian and Andrew really helped us understand each part of the process and achieve our goals.

Fusae Nojima

Damian is very knowledgeable and looks after his clients very well. He also has capable staff to help with the process. Very happy with the service I received from Margin Finance (and I didn’t pay anything). Highly highly recommend!

Angela Tieman

We had a fantastic experience with Damian and the team at Margin Finance in Moonee Ponds. Our mortgage situation was not straightforward, but their professionalism, expertise, and positive mindset made all the difference. Thanks to their support, we were able to secure our mortgage and purchase our property in August. We highly recommend Margin Finance for anyone looking for a knowledgeable and dedicated team!

Alyssa Tucker

THE MEANS TO OVER 45 LENDERS

Frequently Asked Questions

Margin Finance

What is a Pre-approval?

Enter the property market with confidence when you are pre-approved for a home loan.

Pre-approval is a crucial step in purchasing a property. To be pre-approved means a lender ‘pre-approves’ an amount you can borrow based on a complete assessment of your financial situation.

This means you can attend auctions confidently and comfortably knowing what your borrowing capacity is. It also means you can begin the building process knowing your limit if you desire to build on vacant land instead of buying established.

Whether you are borrowing a small amount or a larger amount, a formal pre-approval is always a great idea.You'll know exactly how much you are able to spend which places you in a stronger position to negotiate with a vendor or bid at an auction.Another advantage to getting pre-approved? Your final loan will be organised a lot faster.At Margin Finance, pre-approval is cost-free.


Margin Finance

What is a Bridging Loan?

A bridging loan acts as a short term loan that funds the purchase of a new property whilst selling your existing property.

Bridging loans can also provide finance for you to build a new home while you live in your current home.

Generally, you would have 6 months to sell the existing property or 12 months if you are waiting for your new home to be built.


Margin Finance

What do I do if I need to buy or sell first?

If you are relying on selling your current home in order to purchase the next, you may face difficulty organising funds to cover any time gap between the sale of your current property and buying your new home. In this case, a bridging loan could be the solution.

There are different things that can happen when you are ready to ‘move on’ from your first property, such as turning your current home into an investment property and using available equity to help you purchase your next home.Things like this can become quite complex and using a specialist like Margin Finance can help remove any stress, or room for potential error, from the process. Leave it with us and we will make sure your loans are structured perfectly to suit your unique situation.


Margin Finance

What is a Deposit Guarantee?

Another finance option is a deposit guarantee, also known as a deposit bond.

Instead of putting down a cash deposit to secure your new home, you take out a deposit guarantee provided by a lender.

It can be a cheaper alternative to a bridging loan and it provides you with reassurance that the new property will be held until you settle your own home.


Margin Finance

What is a Variable-Rate Mortgage?

Variable-rate mortgages have an interest rate that can fluctuate based on market conditions. This type of loan offers flexibility and the potential for lower repayments if interest rates decrease. However, it also means that repayments can increase if rates rise, impacting your budget.


Margin Finance

What is a Fixed Rate mortgage?

A fixed-rate mortgage is a loan where the interest rate remains the same for a specified period, typically between one and five years. This type of loan provides certainty in repayments, making it easier to budget and plan for the future. Fixed-rate loans are ideal for those who prefer stability and predictability in their financial planning.


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