Your Mortgage Broker in West Perth

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

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.