Ascot Vale Mortgage Broker

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

5.0

from 249 reviews

Based in Ascot Vale? Get in touch with your local Mortgage Broker

Purchasing a home is a significant milestone, and it can be a complex and daunting process. At Margin Finance, we understand the unique needs of the Ascot Vale community, and we're here to help you navigate the world of home loans. Our expertise as mortgage brokers ensures you can access loan options from banks and lenders across Australia, tailored specifically to your financial situation. Whether you're a first-time home buyer or looking to invest in property, our goal is to provide you with the best possible mortgage solutions.

Choosing the right mortgage involves understanding various factors, such as your borrowing capacity and the current loan interest rate. At Margin Finance, we simplify the process, helping you get pre-approved and guiding you through the streamlined application process. We work closely with you to understand your financial situation, reviewing your credit history and bank statements to determine the best loan options available.

One of the critical aspects of applying for a loan is understanding interest rates. With both fixed interest rate loans and variable loan rates available, we help you weigh the pros and cons of each. A fixed interest rate loan can provide stability and predictable repayments, making it easier to plan your finances. On the other hand, a loan with a variable interest rate can offer more flexibility and potential interest rate discounts. Our team will help you calculate loan repayments and determine which type of loan suits your needs.

Lenders Mortgage Insurance (LMI) is another important consideration, particularly if your loan to value ratio (LVR) is higher. LMI can protect the lender if you default on your loan, and while it might seem like an added expense, it can also enable you to borrow a larger loan amount. By assessing your financial situation and discussing your home equity and investment loan options, we ensure you make informed decisions.

Understanding the local property market in Ascot Vale is crucial when buying a home. Our mortgage brokers have extensive knowledge of the area and can provide insights that will help you make the best choice. We assist you in comprehending costs such as stamp duty and other fees associated with the home buying process. We also offer advice on setting up an offset account to reduce the interest payable on your home loan, thereby saving you money in the long run.

The application process can be daunting, but at Margin Finance, we make it as straightforward as possible. Our loan pre-approval service provides you with a clear picture of your borrowing capacity, so you can confidently make offers on your dream home. We liaise with banks and lenders on your behalf, ensuring every aspect of the loan application is handled smoothly and efficiently.

Investing in property requires careful consideration and planning. As specialists in the Ascot Vale market, we help you explore your options and maximise your investment. From understanding variable loan rates to securing interest rate discounts, we are committed to finding the best financial solutions for your individual needs.

At Margin Finance, our role as your mortgage broker in Ascot Vale is to provide you with expert guidance and support throughout your home-buying journey. With access to a wide range of loan options from banks and lenders across Australia, we tailor our services to meet your needs, helping you achieve your property goals with confidence. Contact us today to begin your journey towards securing a home loan that's right for you.

Find out how much you can borrow

In 60 seconds, understand how much you can borrow to buy your dream home  in Ascot Vale

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

Grasping the myriad of mortgage alternatives can seem overwhelming. Our detailed guide is here to break down these options for Ascot Vale residents, helping you navigate your financial choices with confidence.

  1. Owner-Occupied Loans: Tailored for individuals planning to live in Ascot Vale, these loans tend to offer better interest rates and terms, as there's less risk for lenders when borrowers are housed within the property.

  2. Interest-Only Loans: This choice allows borrowers to pay just the loan's interest for a fixed term, usually between five to ten years. It's key to understand that while initial payments may be lower, the financial burden increases once principal repayment commences.

  3. Principal & Interest Loans: Designed to systematically reduce both the loan's interest and the principal amount, these loans aim for the total debt to be cleared by the term's end.

  4. Variable Rate Loans: With interest rates that adjust based on market conditions, these loans can affect your monthly repayments and overall loan cost over time.

  5. Fixed vs Variable Rate Loans: This decision involves fixing an interest rate for a designated period, typically from one to five years, to keep repayment amounts stable. After this period, the loan generally converts to a variable rate, subject to market fluctuations.

  6. Bridging Loans: Perfect for those moving between properties and waiting on the sale of their existing home, these short-term loans serve as a financial 'bridge'. They usually carry higher interest rates and shorter terms, with the expectation of repayment once the property is sold.

Understanding each loan type's unique benefits and features is paramount. With a wide range of options available to cater to various needs and financial situations, finding the ideal loan customised to your specific needs is entirely achievable.

About Your Ascot Vale Mortgage Brokers

Margin Finance is a team of expert Mortgage Brokers servicing Ascot Vale. 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 Ascot Vale 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 Ascot Vale and surrounding areas.

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A margin exceeding the means of others

George Thomas

Outstanding service and expertise, we couldn’t be happier with the experience, Special thanks to Joanna, Damien and Simran. Highly suggested.

Shaun B McMahon

I highly recommend Damian and his team at Margin Finance. As a first home buyer with a smaller budget I had already been through two mortgage brokers who barely gave me the time of day. Damian and his team provided a completely different experience. From the very first call I felt a genuine care and attentiveness that was consistent throughout the entire process. Along the way I signed up for the acquisition service and Damian was incredibly diligent in helping me through my first purchase. He was readily available to answer questions and always in my corner fighting for the best possible outcome. After securing a property his colleagues were incredibly friendly and helpful during the settlement process. If you're looking for a mortgage broker you'll be in good hands with Damian and his team.

Maddi Skeggs

Really enjoyed our experience with Margin Finance. We are first home buyers and Margin were able to answer all of our (sometimes obvious) questions and take the time to explain everything until we full understood it - even if it meant explaining something multiple times. They made us feel secure and safe during the emotional rollercoaster of buying your first house, and I always felt good knowing we had them in our corner. Super personable and easily contactable. Thanks so much to you Damien and especially Andrew for your consistent help and to Jo and Alex also jumping in to support.

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.

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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