Your Mortgage Broker in West Perth, WA 6005

Get into your property sooner with help from your local Mortgage Broker in West Perth, WA 6005

When it comes to choosing the loan option that is suitable for your needs amidst the sea of financial decisions, it can feel like navigating a labyrinth. Whether you're eyeing your dream home in the suburbs, considering an investment property to bolster your portfolio, or exploring refinancing options, Luxe Finance Group stands available as your local mortgage broker in West Perth. Our bespoke service, centred around your unique needs, includes an array of loan options designed to match your financial dreams to reality.

We're expert Mortgage Brokers, helping clients in West Perth with specialised assistance. They bring to the table a wealth of knowledge, ensuring you're equipped with the finest advice and loan options available. Their expertise in navigating the complexities of the market means they can tailor solutions, whether you're after a home loan that offers the flexibility you need or an investment loan that aligns with your long-term goals.

At Luxe Finance Group, as Mortgage Brokers in West Perth, we understand the local market, your individual needs and financial aspirations is our top priority. Our tailored approach ensures that out of the various loan options we present, you're matched with the one that fits your life perfectly. Our commitment to providing top-tier service, coupled with our in-depth market knowledge, makes us the ideal partner in your financial journey. Harness the power of choice with Luxe Finance Group and take the first step towards securing your financial future today.

As a Mortgage Broker in West Perth, we'll help you understand the types of loans

This guide will help clients in West Perth and the surrounding suburbs understand the various types of loans:

Owner Occupied Loans:
These mortgages are curated for people who wish to inhabit the property they're acquiring. Characteristically, owner occupied loans present more appealing terms and diminished interest rates when paralleled with investment property loans. This disparity mirrors the reduced hazard posed by an individual residing in the property.

Interest Only Loans:
With interest only loans, borrowers are sanctioned to solely settle the interest part for a designated duration, usually spanning five to ten years. During this phase, repaying the principal borrowed isn't obligatory. Such arrangements afford lower initial repayments but can lead to elevated repayments later when the phase for repaying the principal commences.

Principal & Interest Loans:
Obliging borrowers to repay both the borrowed principal sum and the interest accrued, these loans are structured to incrementally diminish the loan balance throughout the term. This strategic payment setup ensures complete reimbursement by the tenure's culmination.

Variable Rate Loans:
The hallmark of variable rate loans is their fluctuating interest rates over the tenure, adjusting in response to shifts in market interest rates dictated by the Reserve Bank or at the discretion of the lender. This variability implies that repayment amounts might oscillate, influencing the total loan expenditure.

Fixed Rate Loans:
Offering a semblance of stability, fixed rate loans lock in the interest rate for a preset duration, conventionally ranging from one to five years. This fixedness furnishes borrowers with predictable repayment amounts, aiding in budgeting. Nevertheless, post the fixed term, the interest rate might transition to a variable rate, contingent on the prevailing market conditions.

Bridging Loans:
Bridging loans serve as provisional financial support for borrowers purchasing a new property while awaiting the disposal of their current one. These loans are tailored to cover the financial gap between the cost of the new property and the available funds from the old property's sale. Notably, bridging loans typically exhibit elevated interest rates and briefer terms compared to standard loans. The sale proceeds of the existing property eventually clear the bridging loan.

The Application Process with your Mortgage Broker in West Perth

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.