Home Loans

Buy your First Home, Next Home or Dream Home sooner with a Home Loan

At True North Mortgage Solutions, we understand that buying a home is one of the most significant decisions you'll make. It’s essential to find the right Home Loan to suit your needs. Our experienced team is dedicated to helping clients across Australia access Home Loan options from banks and lenders, ensuring you secure the best deal possible. With our guidance, you can be confident in understanding everything from interest rates to lenders mortgage insurance (LMI). Whether you're a first-time buyer or looking to refinance, we make the Home Loan process straightforward and transparent.

When considering a Home Loan, one crucial aspect is understanding the different interest rates available. You can choose between a fixed interest rate home loan, which offers stability with consistent repayments, or a variable interest rate that may fluctuate with market conditions. Each option has its benefits; a fixed interest rate provides certainty, while variable home loan rates might offer interest rate discounts and potential savings if rates fall. Calculating home loan repayments accurately will help you determine which option suits your financial situation best.

Another essential factor is your borrowing capacity. This depends on your credit history, loan amount, and overall financial situation. A solid credit history can enhance your borrowing power and might even lead to better Home Loan Rates. It’s also crucial to consider the loan to value ratio (LVR), as a higher LVR could result in additional charges like lenders mortgage insurance (LMI). By understanding these elements, you can make informed decisions when applying for a home loan.

Navigating the application process can be challenging, but at True North Mortgage Solutions, we ensure it’s as smooth as possible. From gathering necessary documents like bank statements to understanding stamp duty obligations and property market trends, our streamlined application process makes it easier to apply for a home loan. We also offer assistance with Home Loan pre-approval, helping you to get pre-approved for your desired loan amount. This pre-approval gives you a clear idea of your borrowing capacity, allowing you to search for homes within your budget confidently.

One of the strategic ways to manage your Home Loan is by considering an offset account. This type of account links directly to your mortgage, enabling you to reduce the amount of interest paid over time by offsetting your savings against your loan balance. It’s an effective way to utilise home equity and manage your finances efficiently.

In summary, securing the right Home Loan involves evaluating various factors such as interest rates, credit history, and borrowing capacity. At True North Mortgage Solutions, we are committed to guiding you through each step, from the initial Home Loan application to managing your mortgage effectively with tools like an offset account. Our expertise in providing access to Home Loan options from lenders across Australia ensures you find a solution tailored to your needs. Contact us today to explore how we can assist you in making informed decisions on your journey to buying a home.

Getting a Home Loan

Initial Appointment

Begin by having a chat with one of our qualified Mortgage Brokers. We will take the time to understand your situation, including special policies and schemes you may be eligible for. We will also discuss the Home Loan types and loan options from banks and lenders across Australia, guiding you through the next steps of the application process.

Fact-Finding

We will collaborate with you to gain a comprehensive understanding of your financial situation, including your financials, assets, and credit history. This helps determine your borrowing capacity. We will review your bank statements and other relevant documents to provide accurate advice.

Home Loan Application and Approval

When we have determined your borrowing capacity, you can confidently begin bidding or making offers on properties you wish to purchase. Depending on your circumstances, we may also apply for loan pre-approval to give you a higher level of confidence. We will explain the loan amount, interest rates (both variable and fixed), and potential interest rate discounts. We also discuss the importance of the loan to value ratio (LVR) and if lenders mortgage insurance (LMI) may be required.

When you have located a property to purchase, we will apply for formal loan approval for you. This process will involve a valuation of the property if requested by the lender and you will also need to provide up to date financial information including current income documents.

Loan Settlement

Upon settling on the property, your Home Loan will be drawn down, and you will be all set to move forward. We will help you navigate the settlement process. We will also assist in calculating Home Loan repayments and managing your loan interest rate to suit your needs.

On-going service

Your experience with True North doesn’t end when your loan settles. We are here to support you and provide guidance for all stages of your Home Loan journey. We will help you reach your next goal of upgrading your home, accessing equity in your property or adding to your investment portfolio. We review your Home Loan annually to ensure it still suits your needs and to make sure no opportunities are missed to save you money on fees or interest rate.

Our Latest Reviews

Olivia Boyd

We had a very positive experience refinancing our mortgage for our house in Ainslie with David, Lachlan and Simone. They were very patient with us and very good at explaining the process and options, particularly given we had never refinanced before and needed a bit of guidance through the different steps. Would not hesitate to use them again.

Kerry Holmes

The True North Mortgage Solutions team of David, Simone and Lachlan were outstanding. They were patient, easy to work with, responsive, provided timely advice and were totally professional in all my dealings with them. It was all topped off by a thoughtful thank you gift delivered to my home the day after settlement on the new property. I could not fault any aspect of their service and would highly recommend them.

Josh Staples

David, Simone and Lachlan were fantastic through the process of getting my first home loan sorted. David was great at explaining all of the steps involved and provided plenty of confidence with such a big decision. Simone made the paperwork ...

andre menager

Very professional and helpful. I couldn't have done it without David and the team! thank you all very much!

Schae Zarew

I can't recommend True North enough after our experience with purchasing our first home with them!

Stu Manley

David Gawthrop helped us buy our first home 5 years ago. With our fixed rate coming to an end we contacted him again at his new business. He managed to negotiate a new rate for us that was more than 1% lower than we were currently paying. I would have no hesitation in recommending David’s services to anyone. He is knowledgeable, friendly and his communication was brilliant, we were never left in the dark as to what was happening.

We work with Australia's biggest lenders

Frequently Asked Questions

Can you help First Home Buyers?

We love helping First Home Buyers! We're experts at the entire process and can help you get the right Home Loan. We're also across the various schemes to help First Home Buyers such as the First Home Owners Grant and the various stamp duty exemptions available.

Why should I use a Mortgage Broker?

Mortgage Brokers are there to help you find the right loan whether it be from the major banks, smaller lenders or other sources. We have a broad range of products (more than any single lender can offer) which means we can do all the legwork to find the right loan for you.

Are your mortgage brokers licensed and accredited?

All of our Mortgage Brokers are accredited and members of the Mortgage and Finance Association of Australia. They are extremely professional and provide exceptional service across a range of lending options.

What kind of interest rates can you offer?

We take look at a wide range of products available from Banks & other lenders across the country. This means we can search thousands of products and make sure we're always recommending the best Home Loans for our clients.

Can you help with refinancing an existing Mortgage?

Of course! We believe that we can find the most competitive interest rate for you to refinance to, whether it's a Home Loan or Investment Loan.

Can you only help with Home Loans?

We can help with Home and Investment Loans, Construction Loans, Car Loans, Personal Loans and much more. If you're looking to borrow to buy something, we can probably help.