First Home Buyer Loans
A range of banks can lend up to 95% of the home’s price! You may even be able to reduce your deposit amount further, by borrowing 95% plus LMI, if additional lending criteria is addressed. Hey, let’s not forget the First Home Guarantee Scheme, where you can borrow up to 95% without paying any LMI, how good is this! This has helped many of our clients secure their first home. Your parents' guarantee can also help you buy a home with minimal deposit.
Investment Loan
This loan demands in-depth knowledge for a variety of lending options and strategies. We strive to negotiate the best possible loan tailored for the individual needs. It is important to understand the loan structures that will best work for you when purchasing an investment property. The kind of investment property you want to purchase will also govern the kind you bank you can use.
SMSF Loan
A Self-Managed Super Fund (SMSF) home loan is a type of mortgage that allows individuals to use their SMSF to invest in residential or commercial property. The loan must be a limited recourse loan, meaning the lender's rights are limited to the property held as security. If the SMSF defaults on the loan, the lender's recourse is generally limited to the property itself. The property purchased must meet specific criteria, and the loan must be for a single acquirable asset.
Why we do it
How is a broker able to save me money?
Although it may seem like it sometimes, mortgage brokers are not magicians. Put simply, the reason we’re usually able to get our clients significantly better rates is because of our deep knowledge of financial markets. We know all the best ways to make financial institutions compete for your business.
How many lenders do you compare?
We work with 33 lenders – including the big 4 – to get you the absolute best deal we can. Whatever you do, do not make the mistake of thinking all lenders are the same. Sure, they all lend money, but they can have very different products and services. Finding the right product for your financial situation is what we do best.
Why should I choose Credit Star?
Finding the right broker can feel pretty overwhelming, especially when you’re about to embark on one of the biggest financial decisions of your life. When we meet new clients, we often chat through a few recent examples (without revealing anyconfidential information) of how we’ve been able to help clients find the right loan and save them thousands. Repeat business is what we aim for, and we take the time to get to know your financial goals so we can help you reach them.
I’m short on time and hate paperwork – can you do it for me?
That’s what we’re here for! Not only do we take care of all the dealings with the lender, we also often liaise with conveyancers and real estate agents to save our clients time and hassle. We’re here to make life easier, and there’s nothing we won’t do to help you get a great deal and secure the property you’re after.
