Niddrie Mortgage Broker

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

5.0

from 382 reviews

Want a Mortgage Broker in Niddrie, VIC 3042? get in touch

Welcome to Margin Finance, your trusted mortgage broker in Niddrie, where we assist you on your journey to buying a home or investment property with ease and confidence. As a local expert in the Niddrie property market, we provide personalised service, ensuring you access loan options from banks and lenders across Australia. Whether you are a first-time homebuyer or planning to expand your investment portfolio, our team of experienced brokers is here to help you navigate the complexities of applying for a loan. We offer guidance on finding competitive interest rates, understanding lenders mortgage insurance (LMI), and ensuring your financial situation aligns with your home ownership goals.

Margin Finance is committed to helping you achieve your dream of home ownership in Niddrie by connecting you with a broad range of loan options tailored to your needs. We understand that evaluating different loan options can be complex, so our approach is to streamline the application process and provide support at each stage. We take into account factors such as your credit history, loan amount, and borrowing capacity to present tailored solutions that align with your financial goals. With access to both fixed and variable loan rates, we help you understand the implications of loan to value ratio (LVR) and how it may affect lenders mortgage insurance (LMI) requirements.

A significant aspect of getting a mortgage is determining the right type of loan and interest rate for you. At Margin Finance, we offer guidance on both fixed interest rate loans and variable interest rate loans, each with its benefits and considerations. Fixed interest rate loans provide the security of consistent repayments, while variable loan rates offer flexibility and potential interest rate discounts based on market changes. Calculating loan repayments is a vital part of the borrowing process, and we equip you with the tools to understand how different rates impact your budget. We also delve into strategies like offset accounts to help reduce interest costs and maximise savings.

Navigating the complexities of a loan application involves more than choosing the right loan. We support you in strengthening your application through reliable documentation, including bank statements and proof of income, to showcase a strong financial position. We advise you on ways to demonstrate your borrowing capacity effectively, which can enhance your chances of securing the loan amount you need. Our expertise helps you to get pre-approved so you can confidently engage with sellers. Pre-approval not only clarifies your budget but also strengthens bargaining positions when negotiating property prices, such as considering the impact of stamp duty.

As a mortgage broker in Niddrie, Margin Finance is dedicated to helping you navigate the lending landscape with confidence and clarity. Our personal service, combined with an understanding of the local property market, ensures you are well-prepared to make informed decisions. We invite you to contact us today to explore how we can help you on your path to securing your ideal home or investment. With us, applying for a home loan becomes a streamlined and supported experience, overcoming the complexities of the financial landscape. Let us assist you in turning your dreams into reality.

Find out how much you can borrow

In 60 seconds, understand how much you can borrow to buy your dream home in Niddrie, VIC 3042

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

Understanding the different loan types and options can feel overwhelming. Our detailed guide aims to demystify these options for residents of Niddrie, helping you to make informed financial decisions.

  1. Owner-Occupied Loans: These are bespoke for those planning to live in Niddrie, typically offering lower interest rates and favourable terms, as lenders consider these less risky due to borrowers inhabiting the property.

  2. Interest-Only Loans: For an initial period, usually ranging from five to ten years, your payment covers only the interest. It's crucial to understand that while this can reduce outgoings initially, financial obligations increase once you commence repayment of the principal sum.

  3. Principal & Interest Loans: Designed to incrementally reduce both interest and the principal amount, these loans are structured with the goal of eliminating the debt by the term's end.

  4. Variable Rate Loans: The interest rates for these loans fluctuate based on market conditions, which can alter your monthly repayments and the overall loan cost over its lifespan.

  5. Fixed vs Variable Rate Loans: This decision involves securing an interest rate for a specified period, normally one to five years, to ensure consistent repayment amounts. However, it's crucial to note that post this period, the loan generally reverts to a variable rate, which may vary with market changes.

  6. Bridging Loans: Perfect for individuals in the process of moving homes and awaiting the sale of their current property, these short-term loans serve as a temporary financial buffer. They typically feature higher interest rates and shorter durations, with the expectation of being cleared with the property sale proceeds.

Understanding the unique characteristics and benefits of each loan type is vital. With an extensive range of options available to suit various needs and fiscal situations, finding the ideal loan tailored to your specific needs is achievable.

About Your Niddrie Mortgage Brokers

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

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A margin exceeding the means of others

Jaime-lee Forward

Highly recommend Damian and the team at Margin. Damian is extremely knowledgeable and took the time to understand my situation and future goals. He provided multiple solutions and answered all questions I had ensuring I understood everything. From there the process was simple and speedy. The team were available to assist at all times and I felt very supported. Even when we encountered a hiccup caused by the bank, the team ensured a timely solution. If you are after help in what can be a very daunting process then absolutely engage their services. Thanks Damian, Andrew, Marcus and Simran!

Glenn Slobodzian

Peter Clarke

We are almost at Settlement stage for our first Investment Property. The whole process from the start has been extremely smooth and hassle free. Could not have asked for a more professional but down to earth team helping us through this journey. They made it so easy, so a HUGE thank you Taylor Campbell and Tony Spies.

Bernie Glinda

As a first home buyer on a graduate salary, finding a homeloan was extremely difficult and trying to find a good fit seemed out of the question. As soon as I was referred to Loan Market I had a meeting set with Tony and he and his team made the process so easy! I couldn't believe how quickly he sent me product comparison information, and found the best option for me. I couldn't be happier with the whole team, I would recommend them to everyone!

Dr Phillip B. Roös

Selva V

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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