Home Loans

With access to hundreds of Home Loans, we're sure to be able to find the right one for you

Rated 5 from 211 Reviews

Request a Call Back

Whether it's your First Home, Next Home or Dream Home, we're on your side

At Picker Financial Solutions, we understand that buying a home is one of the most significant financial decisions Australians will ever make. With the property market constantly evolving, securing the right Home Loan is crucial for growing your wealth through property investment. We are committed to offering you access to Home Loan options from banks and lenders across Australia, ensuring you find a solution that fits your financial situation.

Navigating the world of Home Loans can be complex, but Picker Financial Solutions is here to simplify the process. One of the first factors to consider is your credit history. A strong credit history can lead to interest rate discounts, making your Home Loan more affordable. Additionally, understanding your borrowing capacity is essential for determining the loan amount you can secure. This involves a detailed look at your income, expenses, and any existing debts.

When applying for a home loan, understanding the different types of interest rates is crucial. A fixed interest rate home loan offers stability with consistent monthly repayments, while a variable home loan rate can fluctuate with market conditions, potentially offering lower rates in favourable times. Calculating home loan repayments based on these rates helps you plan your finances effectively. Also, an offset account can reduce the interest payable on your Home Loan by offsetting the loan balance with your savings.

Lenders mortgage insurance (LMI) is another critical aspect to consider, especially if your loan to value ratio (LVR) exceeds 80%. LMI protects the lender in case of default and allows borrowers with smaller deposits to enter the property market. However, it's an additional cost that needs to be factored into your budget. Stamp duty is another expense that varies by state and can significantly impact your overall costs when buying a home.

Picker Financial Solutions aims to make your Home Loan application process as smooth as possible. We assist you in gathering necessary documents such as bank statements and guide you through each step of the application process. Getting pre-approved for a Home Loan can give you a competitive edge in the property market, allowing you to make offers with confidence.Understanding Home Loan Rates is vital for making informed decisions. Fixed and variable interest rates each have their advantages and considerations. With our streamlined application process, we help you weigh these options against your financial goals and current market conditions. Whether you're inclined towards the predictability of a fixed rate or the potential savings of variable interest rates, we provide the expertise to guide you.

Home equity is another important consideration for property investors. It represents the value of your property minus any outstanding loans and can be a powerful tool for further investment or renovations. By effectively managing your Home Loan and leveraging home equity, you can create additional opportunities for wealth growth.

At Picker Financial Solutions, we are dedicated to helping Australians navigate the complexities of applying for a home loan. We offer access to diverse Home Loan options from reputable banks and lenders across Australia, ensuring you find a loan tailored to your needs. Our expert guidance through loan applications, understanding interest rates, and managing additional costs like LMI and stamp duty will empower you to make sound property investment decisions.

Ready to take the next step? Contact Picker Financial Solutions today to apply for a home loan or get pre-approved. Let us help you turn your property investment dreams into reality by providing expert advice and tailored solutions for your financial situation.

Find out how much you can borrow

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

Get your Borrowing Capacity
Picture for Picker Financial Solutions

Getting a Loan

Initial Consult

Have a chat with one of our qualified Mortgage Brokers who will understand your situation and talk you through the next steps. 

Fact Find

We'll work with you to understand a bit more about your situation (including your financials, assets etc.) to make sure you will qualify for a loan. 

Pre Approval

Once you're approved, you can start bidding or making offers on properties you want to purchase. 

Settlement

You settle on the property, your loan draws-down and you're good to go!

Book Appointment

SS

Sarah Stokes

Steve from PFS is a delight to work with and makes things easy to understand.

NL

Nathan Lomas

Don't even think about using another broker. The Picker team are the GOATS!

CB

Chad Barling

Been great help, quick and easy process in buying my first investment property

Frequently Asked Questions

How much can you afford?

The first thing we will do is work out your borrowing potential. You may have a dream home in mind but first you need to know if you can afford it. There are many factors that will influence your decision around what to buy and where – proximity to work and family and your stage of life are just a few – but the single biggest decider is nearly always what you can afford. It’s really a case of looking at the big picture and working your way back from there. Consider your household income and what you realistically can afford in loan repayments, taking into account all of your expenses (even coffees and lunches). As a guide a mortgage calculator can be a great place to start, but it won’t take into account all of your personal circumstances or eligibility for a loan. Talking to us will give you a much more accurate idea of what you can afford. We can look to obtain pre approval from a lender so you can put an offer on a home when you find the one you like. Of course, even with a pre approval a subject to finance clause is an important protection.

Why not go straight to a bank?

Of course you can go to a bank, but this can be trickier than it sounds. Firstly, which one do you choose? Which of their products is right for you? And what about other lenders, building societies and credit unions? Australia is indeed the lucky country. We are blessed for choice when it comes to the amount of competition that exists when it comes to the mortgage market. With so many lenders, and so many products under each of their brands, it’s important you make the most of this regarding who and what you choose when it comes to your home loan. There are a lot of options out there and, with regularly moving interest rates and new products, it’s an ever-changing market. And let’s not forget that if you’re a first homebuyer, you’re probably very new to this. That’s why a broker makes sense. We do this everyday. We know the lenders, their products and policies and we keep up-to-date with changes. We help choose what’s right for you. Banks enjoy working with brokers, as we do a lot of the banks’ work for them and making their jobs much easier and may help speed up the application process and get you the top-notch customer service you deserve. In the simplest terms, having a broker in your corner makes finding the right loan easier and can save you time and, hopefully, money.

Do you know how well your current loan stacks up?

Things change, and chances are since you got your home loan interest rates may have moved, and life has too. Has the official cash rate changed since your current loan settled? Has the rate your lender is charging you changed? What about the fees and charges? Chances are the market has changed too. New products designed to attract borrowers are always being introduced, and lending appetites are an ever moving feast. Let’s not forget that things have probably changed in your life too since you took out the mortgage. Your income may have changed, and your expenses probably have too - your financial goals could also be different. Even though most loans are around 30 years in length, you may be surprised to hear that Australians often change their home loan every 4-5 years as they refinance. Refinancing is a chance to look at what’s out there and to check to see whether your current loan is still the right one for you. If it’s not, it may be time to refinance. If you are looking to switch, this guide contains some of the key things you may want to consider.

Why do people invest in property?

Over the last few decades, the values of some properties have often risen more than the rate of inflation. Some say property ownership is a national obsession, with affordability issues, house prices, and interest rate movements constantly in the news. Apart from a common general understanding of the market, there are other reasons people like to invest in property. Some common ones being the potential for capital growth (how much the property rises in value over time), return from rent, and tax benefits. You’ll find more about these over the next few pages. Another plus is you don’t need to be a long time investor with lots of funds on hand to start investing. If you already own a home that’s increased in value, you can potentially unlock this equity to help purchase another property. Or, if you’ve yet to buy your own home you can use the rent to help pay the mortgage on an investment property and get a start in the market.

Ready to get started?