Mortgage Broker Port Macquarie

Get fast personalised service and expert local advice

Welcome to the Home Loan Partners – Port Macquarie

Get Fast Friendly Help Finding A Loan!

Finding a home loan can be a task and a half, but you’re not alone. At Home Loan Partners – Port Macquarie, we bring you decades of experience, local insights, and a genuine passion to help our community! 

We know that getting a new mortgage is a big deal for you and we don’t take our clients’ trust for granted. We’re more than just brokers; we’re your neighbours, friends, and advocates when it come to getting the right finance for you!

We take pride in seeing our local community thrive, and nothing gives us more joy than being a part of your homeownership journey. So, let’s talk.

Home-Loan-Partners-Emma

Why Home Loan Partners?

Local Insights: We love this community, and we want to help you! We understand local market dynamics, trends, and opportunities that many others might miss.

Decades of Experience: Our seasoned team of mortgage brokers has successfully assisted countless borrowers, ensuring smooth, transparent, and hassle-free loan processes.

Your Priorities Are Ours: We’re not just here to guide, but to listen. Your financial needs and home aspirations guide our approach, ensuring tailored solutions that align with your dreams.

Comprehensive Lender Network: With our wide network of lenders, rest assured we’ll find the best-fit loan options for you, not just any loan available in the market.

How Much Can You Borrow?

You know those home loan calculators you see around the web? The number they spit out at the end is supposed to be your borrowing power.

But you need to take that number with a grain of salt.

The calculators estimate how much you can borrow, based on your income and living expenses. This is a good first step … but it’s not the final step.

When we sit down together, we’ll to look at your complete financial situation – so we find a loan and a lender that works for you now and in the future.

And here is something you might not realise – borrowing power can differ significantly from lender to lender. You might be able to borrow $500,000 from Bank A, $520,000 from Bank B and $545,000 from Bank C.

If you have a regular full-time or part-time job with a consistent income, your situation will probably be straightforward. If you are a contractor or self-employed worker with an inconsistent income, your situation will be more complicated.

Either way, as an experienced mortgage broker who works with a diverse array of lenders, we will know which lenders are best suited to your individual situation.

What is loan "serviceability"?

 

‘Serviceability’ refers to how much you can contribute to paying off a mortgage each week, fortnight, or month. How much you can save can give you an insight into this.

Your savings capacity will be different to that of your friends and colleagues, because you will be earning and spending at different rates. For example, you might eat out more than them. Or you might subscribe to more TV and music services. Or you might have an expensive hobby, like competing in triathlons.

Together, we can work on this to understand your individual capacity to pay off a mortgage and work on a plan to get some savings to buy your first home.

Buying a house can and in some case should mean making sacrifices and you might need to cut back in some areas. But, at the same time, you don’t want to be forced to live like a monk.

Capacity also takes into other costs of home ownership like council rates, water and strata. Owning a home is not just about paying off the home loan. You also need to factor in your ability to make extra repayments to save interest, especially when interest rates are low.

If you are an experienced saver, you might fully understand your capacity. But if not, our Living Like You Have a Mortgage program can help you understand your capacity and build your savings. By following the program, you will give yourself the best chance of qualifying for a home loan.

Purchasing Power

Before we can calculate your purchasing power, we first need to know how you stack up with the other three elements:

  • What is your borrowing power? (To know that, we need to understand your complete financial position.)
  • What will your contribution be? (To know that, we need to understand how much money you’ll be chipping in, and where it will come from.)
  • What is your capacity? (To know that, you need to understand all the costs to own a home, from mortgage repayments and council rates to insurance premiums and strata levies.Also, allow for possible interest rate rises and even additional repayments)

To give you a better idea of what your purchasing power might be, let’s consider this hypothetical example:

(* If you buy a property in a strata complex, you need a strata report. If you buy any other type of property, you need a pest and building report.)

Imagine this was your situation – that you had a home purchase price of $500,000. You would then need to ask yourself what sort of property you could buy for $500,000. You might need to refine the number.

You might conclude $500,000 is too low, because you want to buy a better (i.e. more expensive) property. Or you might conclude it’s too high, because you’d struggle to make the mortgage repayments on a $450,000 loan.

Don’t be discouraged, because you’re not locked into your initial purchasing power number. Now we’ve got somewhere to start, we can work on it together, and move it up or down, depending on your situation.

This is an important process to follow. Once it all comes together, you will feel confident about your financial position and ready to buy your first home.

How Can We Help?

First Home Buyers

First-time stepping into the real estate market? Let us simplify the process, guiding you through every milestone as you secure your very first home.

Home Loan for Upgrade

Looking to upgrade to a bigger place? Whether upsizing or seeking modern amenities, we’ll find the perfect loan to facilitate your upgrade.

Mortgage Refinancing

Are you paying too much for your current loan, or looking to access equity in your existing property? Our experts can review and recommend refinancing options, potentially saving you thousands over the life of your loan.

Construction Loans

Building your dream from the ground up? Secure a construction loan tailored to your project’s unique requirements.

Investment Property Loans

Eyeing a lucrative property investment or buying for an SMSF? We’ll connect you to loans that maximize returns and align with your financial strategy.

Car and Caravan Finance 

Hit the road in style! Whether a car for daily commutes or a caravan for adventures, we have finance solutions to get you moving.

Personal Loans

Get FAST access to funds for your diverse personal needs and aspirations. Dreams or necessities, big or small, our personal loans are designed with flexibility in mind, catering to your individual circumstances.

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Home-Loan-Partners-five-stars

David has been the absolute BEST help with refinancing my mortgage! He takes the time to explain everything and answer all my questions. He has always been quick to respond to emails, calls and SMS, and follows through with everything swiftly.

So many thanks too to Emma, who is just as quick on the buttons!!!

I appreciate all the assistance David and his team has provided to me, and I know I will be looking for his services again in the future! 5 stars isn’t enough!

Emma Mammen

Home-Loan-Partners-five-stars

We are so glad that a friend of ours recommended these guys after an awful experience elsewhere. We immediately felt comfortable with David as he took the time to answer our questions (there were many) and explain things to us in a way we could finally understand.

Both David and Emma went above and beyond to find what suited us best while maintaining professionalism, exceptional quality and impressive response rates. We are beyond grateful for their support and we will forever use and recommend them!

Cherrie Luckman

Home-Loan-Partners-five-stars

I contacted David early December in urgent need to refinance my existing home loan. David quickly came up with several options that best suited my needs. He worked tirelessly to get me the best deal in the short time frame that I required. He was quick to respond to my many calls and emails including on weekends and constantly pursued the lender to ensure all paperwork was in order during a very busy period. This resulted in a quick turnaround and providing me with a lower interest rate than my previous lender.

Both David and Emma were in constant contact with me providing a fantastic service and are very easy to deal with. Thank you for your great work David.

Paul McClarnon

Need a hand finding a loan? Then let's talk!

If you’re looking to work with an expert to assess your financial situation and help you make a confident decision, schedule an appointment today.