Luxury Property Home Loans
with 5% Deposit and No LMI Costs.

The list of eligible locations and customer eligibility criteria is determined using a range of data sources and will be monitored and periodically reviewed to ensure they remain within the lenders risk appetite.

If you intend on borrowing 95% of the purchase price, then you will need a deposit of 5% plus costs. The costs will include the stamp duty costs, transfer of land costs, registration of mortgage costs, conveyancing/solicitors costs, any lender fees and vendor adjustments.

Getting your finance pre-approved before you make any decisions is always a very good idea. While not strictly required, getting a home loan pre-approval can be highly beneficial, especially in a competitive housing market. Here’s why:

1. Know Your Budget

• A pre-approval provides you with a clear understanding of how much you can borrow based on your financial situation. This helps you focus your property search within your price range, saving time and preventing disappointment.

2. Strengthen Your Position as a Buyer

• Pre-approval shows sellers and real estate agents that you're a serious buyer with financing already conditionally secured. This can make your offer more attractive and give you an edge over buyers who haven’t been pre-approved.

3. Avoid Surprises

• During the pre-approval process, your lender will assess your financials (income, savings, credit history) to give you an accurate borrowing estimate. This way, you can address any issues or discrepancies early on, reducing the chance of surprises later.

4. Faster Loan Approval

• Having pre-approval can speed up the loan approval process once you’ve found the right property. Since much of the groundwork is already done, the final approval can be quicker and smoother, which is especially helpful when dealing with tight settlement timelines.

5. No Obligation

• A pre-approval is typically valid for 3-6 months, and while it gives you a better idea of your borrowing power, you're not locked into a particular lender or loan until you proceed with a formal application. This gives you flexibility if your circumstances change.

When Might You Not Need Pre-Approval?

• In certain situations, such as if you're making an unconditional cash offer or if you’re a returning buyer with extensive equity, pre-approval may not be essential. However, even in these cases, knowing your borrowing capacity is still helpful.

Final Thoughts: While it’s not mandatory, getting pre-approval can provide peace of mind, clarity, and a competitive edge when buying a home. It’s a smart step in the home-buying process, especially if you’re serious about securing your next property. A mortgage broker can guide you through the pre-approval process and help you find the best loan options based on your needs.

A 100% offset account can be a valuable feature for reducing the interest you pay on your home loan while giving you easy access to your money. Here’s how it works and the key benefits:

A 100% offset account is a transaction account linked to your home loan. The balance in this account offsets your loan balance when calculating interest. For example, if you have a $400,000 home loan and $50,000 in your offset account, you’ll only pay interest on $350,000.

Advantages of a 100% offset account:

1. Interest savings:
   Every dollar in the offset account reduces the amount of interest you’re charged on your loan, helping you pay less over time. This can result in significant savings and help you pay off your loan faster.

2. Maintain liquidity:
   Unlike making extra repayments, which are harder to access, funds in the offset account are still available for you to use at any time. You can withdraw money from the offset account for emergencies, daily expenses, or other investments, giving you flexibility without affecting your loan structure.

3. Tax-free savings:
   Any interest you save through the offset account is effectively a tax-free benefit. Instead of earning taxable interest in a traditional savings account, you’re saving on home loan interest, which can be a more efficient way to manage your finances.

4. Faster loan payoff:
   By reducing the interest charged on your loan, more of your regular repayments go towards the loan principal. This can help you pay off your home loan sooner without needing to make higher repayments.

At Rosh Partners, we can help you set up a home loan with a 100% offset account and guide you on how to make the most of this feature to achieve your financial goals faster.