Home Loans
At Luxe Finance Group, we're expert Mortgage Brokers helping clients Australia-wide get into their home sooner with a range of Home Loan options
Rated 5 from 58 Reviews
At Luxe Finance Group, we're expert Mortgage Brokers helping clients Australia-wide get into their home sooner with a range of Home Loan options
Rated 5 from 58 Reviews
Buying a home is a major milestone in anyone's life, and choosing the right home loan can make all the difference. At Luxe Finance Group, we understand that every client has unique needs, which is why we take a personalised approach to help you find the perfect home loan. Whether you're buying your first home, upgrading to your dream house, or investing in property, our team of experts is here to guide you every step of the way.
Based in Perth, Luxe Finance Group has a reputation for helping clients all across Australia secure their ideal home loans. Our connections with a wide range of lenders mean we can offer you competitive home loan rates and flexible terms that best suit your individual circumstances. We simplify the home loan process, making it stress-free and seamless, so you can focus on what matters most - making your house a home.
Choosing Luxe Finance Group for your home loan needs means you're not just getting a loan; you're getting a partner who cares about your financial well-being. Our commitment to excellence, bespoke service, and expert advice is why our clients trust us to help them with one of the most important decisions of their lives. Let Luxe Finance Group find the home loan that's perfect for you, so you can achieve your dream of homeownership with confidence and ease.
This comprehensive guide is designed to help residents and members of nearby communities understand the wide range of home loan products available to them. We have broken down the key loan types so that homebuyers, whether first-timers or experienced property investors, can make informed decisions suited to their financial needs and living circumstances. By providing clear details under each heading, our aim is to demystify the home loan landscape and offer valuable insights into each option.
Owner Occupied Loans
Tailored for those planning to buy a primary home, Owner Occupied Home Loans come with particularly attractive terms and competitive interest rates. Lenders view these loans as less risky compared to investment property loans, which often means better deals for borrowers. With an owner occupied loan, you benefit from both the satisfaction of living in your own home and the potential for long-term equity growth. This type of loan is ideal for those who prioritise stability and long-term financial planning, offering predictability in repayment and the added advantage of building personal wealth as property values increase.
Interest Only Loans
Interest Only Loans allow borrowers to pay just the interest for a specified period, typically ranging between five and ten years. During this initial phase, no part of the principal is repaid, which can lead to lower monthly outgoings and provide extra financial flexibility. This makes interest only loans particularly appealing for borrowers who expect their income to grow in the future or who wish to free up cash for other investments. It is important, however, to recognise that once the interest only period concludes, repayments will increase significantly. Borrowers must be prepared for the shift to higher payments as both the principal and interest are required to be repaid for the remainder of the loan term.
Principal & Interest Loans
Principal & Interest Home Loans require scheduled repayments that cover both the interest and a portion of the principal. This structure ensures that the outstanding loan balance gradually decreases over time until the entire amount is fully repaid. Such loans offer greater predictability when budgeting and the advantage of slowly building equity in your property. For many, this type of repayment plan is a sound choice for long-term financial security, as it demonstrates a disciplined approach to borrowing and aids in planning for future financial milestones, such as selling the property or accessing further credit.
Variable Rate Loans
With Variable Rate Loans, the interest rate can fluctuate in response to shifts in the central bank’s official cash rate or overall market conditions. These loans offer the flexibility of potentially lower interest rates when the economic environment is stable, which can mean reduced monthly repayments. However, it is important to be financially prepared for periods when the interest rate increases, leading to higher repayments. For borrowers with a steady income and the capacity to manage occasional rate adjustments, variable rate loans can provide both flexibility and the opportunity to benefit from lower market rates.
Fixed Rate Loans
Fixed Rate Loans provide the benefit of locking in an interest rate for a definite period, usually from one to five years. This arrangement means that repayment amounts remain consistent regardless of any fluctuations in the wider market, which is particularly attractive for those who value budgetary stability. Although fixed rate loans offer the security of knowing exactly what your repayments will be, it is worth noting that you might not capitalise on lower rates if the market were to dip during your fixed term. Borrowers should weigh the benefits of stability against the potential for savings with a variable rate arrangement.
Bridging Loans
Bridging Loans are short-term financial solutions designed to help you purchase a new property before the sale of your existing home has been finalised. By addressing the liquidity gap, bridging loans enable a smoother transition between properties. Typically provided on an interest only basis, these loans can incur higher rates and additional fees, reflecting the increased risk to the lender of simultaneously managing two property investments. This option is particularly useful for individuals who are confident that the sale of their current home will occur in the near future, thereby facilitating a quicker move into a new property without financial strain.
In summary, understanding the nuances of each home loan type is key to making the best decision for your current situation and long-term financial goals. Whether you’re choosing a loan for the security of a fixed rate or the flexibility of a variable rate, proper planning and an informed approach will serve you well in your property journey. If you have any questions or need further assistance in selecting the right home loan, contact us today—our expert team is ready to help you navigate the options and secure the best financial outcome for your new home.
1. Booking Your Strategy Session
Your loan journey begins with a scheduled appointment—either in person at our West Perth office, via video, or over the phone. During this stage, we confirm your goals and timelines, whether you're purchasing, refinancing, or investing, and outline what to expect in the process ahead. You’ll receive a welcome email containing a digital fact find and a tailored document checklist. To ensure an efficient consultation, we ask that you prepare supporting documents including identification, proof of income, and details of any liabilities.
Outcome: Create a relationship with a professional that sits on your side of every transaction.
2. Financial Review & Strategy Consultation
Before the consultation, we undertake a preliminary review of your financial position, including income, assets, liabilities, credit history, and your ongoing expenses. This allows us to tailor the discussion and present relevant options from the outset. In your consultation, we explore your financial and lifestyle goals, property strategy, and any applicable structures such as trusts or companies. We also assess your eligibility for relevant government incentives like the First Home Guarantee or stamp duty concessions. Based on your banking conduct and preferences, we assess your borrowing capacity across our panel of lenders and outline strategic loan structuring options that suit your objectives.
Outcome: A clear understanding of your financial position and an aligned loan strategy with relevant lenders shortlisted.
3. Lender Policy Analysis & Pricing Strategy
With your financial position and goals clarified, we conduct a targeted analysis of lending policies, ensuring shortlisted options align with your needs. We assess more than just interest rates—we consider policy fit, speed of assessment, and the lender's risk appetite. We also explore your eligibility for government schemes, request discretionary pricing where applicable, and assess structural elements such as fixed vs variable rates or offset accounts. This stage ensures we present a tailored shortlist of lending options with clearly outlined pros and cons.
Outcome: Transparent shortlist of suitable and competitive options, enabling informed lender selection.
4. Confirming Lender Selection
Once pricing, policy, and structure have been finalised, we present a clear recommendation for the most appropriate lender and product. This includes confirming the fixed and variable interest mix, identifying features such as redraw or offset facilities, and exploring any cashback offers or ongoing fee waivers. At this stage, we’ll also determine whether your application proceeds as a pre-approval (for property search) or formal approval (if a contract is already in place).
Outcome: Lender confirmed and loan documentation prepared.
5. Lodgement & Tracking
We manage your application from submission through to decision, ensuring accuracy and speed throughout. This includes compiling all required documentation and submitting the application via lender platforms. You’ll receive real-time updates via email, SMS, or phone, and we’ll proactively engage with credit assessors, escalate where necessary, and manage any information requests to avoid delays.
Outcome: Application lodged and professionally managed through to decision.
6. Pre-Approval or Formal Approval
At this stage, your application is assessed and conditionally or formally approved. If you’re still property hunting, a pre-approval provides a 90-day conditional lending limit, allowing you to negotiate confidently and act quickly when the right opportunity arises. If you’ve already secured a property, formal approval will be issued once all conditions—including a satisfactory valuation and compliance checks—are met. This approval unlocks the final steps toward property ownership.
Outcome: You’re formally equipped to secure your property or finalise your purchase with full lender support.
7. Settlement & Ongoing Support
We work closely with your solicitor or conveyancer and your lender to ensure settlement proceeds smoothly. This includes coordinating document signing, verifying disbursement instructions, and managing final loan conditions. Post-settlement, we assist you in setting up access to your loan account, offset arrangements, and repayment schedules to ensure everything is in order.
Outcome: Settlement complete—your new property or structure is now funded and fully operational.
8. Post-Settlement Check-In & Loan Strategy Review
Our commitment doesn’t end at settlement. Luxe Finance provides ongoing guidance, with check-ins at 6 and 12 months to review your loan’s performance and ensure it remains competitive. We offer annual repricing services, refinancing alerts when suitable, and structured discussions for future borrowing strategies. Whether you're planning renovations, expanding your portfolio, or simply monitoring market trends, we remain your trusted lending partner.
Outcome: You stay ahead of market movements with a strategy that evolves alongside your financial goals.
WB
William Bracewell
We recently worked with Luxe Finance, and I cannot recommend them highly enough. A special thank you to Linh, who went absolutely above and beyond for us. Their professionalism, clear communication, and persistence made a real difference—especially when last-minute changes came up. They handled everything seamlessly and helped us get the loan across the line without a hitch. If you’re looking for a property broker who genuinely cares and will work tirelessly to get the best result, Luxe Finance is the one.
km
kree maclennan
Working with Jay and his team was an absolute pleasure. It was a seamless process and we were really happy with the outcome.
SK
Sam Khankhalili
Jay was absolutely phenomenal in assisting me with my bank loan. His knowledge and experience about the market made the process straightforward, and the systems he had in place kept everything running smoothly. If you’re looking for financial guidance and support in securing a bank loan, Jay is the person to go to.
Yes, self-employed borrowers can obtain a home loans, though the application process requires additional documentation and careful preparation. Traditional lenders typically require two years of tax returns, financial statements, and accountant-prepared documentation to assess your income stability. Some lenders offer low-doc or alt-doc products that require less documentation but usually come with higher interest rates and lower loan-to-value ratios. At Luxe Finance Group, we work with numerous lenders who have varying appetites for self-employed borrowers, including specialist non-bank lenders who may consider your application based on bank statements or business activity statements. We help structure your application to present your income in the most favourable light and identify lenders most likely to approve your circumstances, potentially saving you time and multiple credit enquiries.
Beyond your deposit, several additional costs apply when purchasing property in Western Australia. Stamp duty is calculated on a sliding scale based on property value - for a $500,000 property, expect approximately $17,765 (though first-home buyers may receive concessions). Legal or conveyancing fees typically range from $1,200-$2,500 depending on complexity. Building and pest inspections cost around $400-$800 combined. Loan application fees vary by lender from $0-$600. If paying less than 20% deposit, lenders mortgage insurance can range from $2,000-$20,000 depending on loan amount and deposit size. Other costs include mortgage registration fees ($185), title search fees ($40), and moving expenses. You should budget approximately 3-5% of the purchase price for these additional costs. Luxe Finance Group provides detailed cost estimates during the pre-approval process to help you budget accurately.
At Luxe Finance Group, our mortgage broking services are typically provided at no direct cost to you as the borrower. We receive our remuneration through commissions paid by the lenders when your loan settles successfully. This upfront commission is usually between 0.55% and 0.70% of your loan amount, followed by a smaller ongoing commission throughout the life of your loan. This payment structure means we can provide our expertise and guidance without you paying broker fees upfront. However, there may be instances where we offer fee-for-service arrangements for complex scenarios or when working with certain lender types. We'll always discuss our fee structure transparently before commencing work on your application.
The mortgage approval timeframe can vary significantly depending on several factors including lender choice, loan complexity, and documentation completeness. Generally, pre-approval can be obtained within 3-7 business days for straightforward applications with major lenders. Full approval and settlement typically takes 4-6 weeks from application submission, though this can extend to 8-10 weeks during busy periods or for more complex scenarios. Self-employed borrowers, investment loans, or construction loans may require additional time for assessment. At Luxe Finance Group, we work to expedite this process by ensuring all documentation is complete and accurate before submission, maintaining regular contact with lenders, and providing updates throughout the process. We also help manage settlement timelines to align with your property purchase contracts.
Luxe Finance Group provides comprehensive mortgage broking and finance services throughout Perth and Western Australia. Our services include home loan assistance for first-time buyers, investment property financing, commercial lending solutions, and refinancing options for existing mortgages. We work with over 30 lenders across Australia to source suitable loan products tailored to your specific circumstances. Our team also assists with pre-approvals, construction loans, self-managed super fund lending, and asset finance for vehicles and equipment. We pride ourselves on delivering personalised service and maintaining ongoing relationships with our clients throughout their property and investment journey.
Documentation requirements vary based on your employment type and loan complexity. PAYG employees typically need recent payslips (usually last 4), tax returns or notice of assessments for 1-2 years, bank statements for 3-6 months, and employment confirmation. Self-employed applicants require tax returns for 2 years, profit and loss statements, balance sheets, and business bank statements. All applicants need identification (driver's licence and passport/birth certificate), proof of deposit savings, details of existing debts and assets, and council rates notices for any properties owned. If receiving rental income, provide lease agreements and rental statements. For purchases, you'll need the contract of sale and any building reports. Luxe Finance Group provides a comprehensive checklist tailored to your specific situation and lender requirements. We review all documentation before submission to ensure accuracy and completeness, reducing the likelihood of delays or additional requests from lenders.
Refinancing involves replacing your existing home loan with a new loan, either with your current lender or a different institution. This process can help you secure lower interest rates, access additional features, consolidate debts, or release equity for other purposes. You should consider refinancing when interest rates drop significantly below your current rate, when your circumstances change, or when your current loan lacks features you now require. The refinancing process involves application, valuation, approval, and settlement, typically taking 4-6 weeks. Consider the costs involved, including discharge fees from your current lender (usually $150-$400), application fees for the new loan, and potential valuation costs. At Luxe Finance Group, we regularly review our clients' loans and market conditions to identify refinancing opportunities. We calculate whether the potential savings justify the switching costs and handle the entire refinancing process on your behalf.
The deposit requirement varies depending on your circumstances and the loan product you choose. Traditional lending requires a 20% deposit to avoid lenders mortgage insurance (LMI), so for a $500,000 property, you'd need $100,000 plus additional costs for stamp duty, legal fees, and inspections. However, many lenders accept lower deposits of 5-10% with LMI, which is an insurance premium protecting the lender. First-time buyers may access the First Home Guarantee Scheme, allowing purchases with just 5% deposit without LMI for eligible properties. Some lenders offer family guarantee products where relatives use their property equity to reduce or eliminate deposit requirements. At Luxe Finance Group, we assess your situation to identify the most suitable deposit strategy and explore all available options to help you enter the property market sooner.
The decision between fixed and variable interest rates depends on your personal circumstances, risk tolerance, and market outlook. Variable rates offer flexibility to make extra repayments and access features like offset accounts, and they may decrease if the Reserve Bank of Australia cuts the cash rate. However, they can also increase, affecting your repayment amounts. Fixed rates provide certainty and budget stability for the fixed period, typically 1-5 years, protecting you from rate rises during that time. Some borrowers choose a split loan, fixing a portion while keeping some variable. Given the current economic environment and recent interest rate movements, it's important to consider your financial buffer and long-term plans. Luxe Finance Group can analyse your situation and discuss the pros and cons of each option based on your specific circumstances and goals.
Perth's property market has shown strong growth over recent years, with median house prices experiencing significant increases across most suburbs. For first-time buyers, this presents both challenges and opportunities. While prices have risen, Perth remains more affordable compared to Sydney and Melbourne markets, with many suburbs still offering entry-level properties under $500,000. The Western Australian government's First Home Owner Grant provides $10,000 for eligible new builds, and the federal government's First Home Guarantee Scheme allows eligible buyers to purchase with as little as 5% deposit without paying lenders mortgage insurance. At Luxe Finance Group, we help first-time buyers understand these schemes and identify suitable loan products that align with their budget and circumstances.
Luxe Finance Group Pty Ltd ABN: 52660091690. Credit Representative #541795 is authorised under Australian Credit License #389328.
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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