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Home Loans

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Your home loan, Made Simple

Whether you’re stepping into the property market  for the first time, planning to upgrade, looking to invest, or build your dream home, we’re here to guide you every step of the way. We take the time to understand your goals and tailor home loan solutions that suit your individual circumstances.

We work with a wide range of lenders to find the right loan for you, whether it’s a standard home loan, a flexible construction loan, or a strategic investment option. Our aim is to make the process simple, stress-free, and successful, turning your property plans into reality.

  • First Home Buyers

Buying your first home is exciting, but it can also feel overwhelming. From understanding deposits,First Home Buyers Grants and Schemes, to choosing the right loan type, there’s a lot to navigate. We guide you through every step, helping you find a loan that fits your lifestyle and budget.

How much deposit do I need to buy my first home?

Most first home buyers aim for a deposit of at least 5–20% of the property price. The exact amount depends on the loan type and lender. We can help you explore the options available and guide you on how to access government schemes and grants like the First Home Owner Grant and Family Home Guarantee Scheme.

How much can I borrow?

The amount you can borrow depends on your income, expenses, existing debts, and the type of loan. We’ll review your financial situation and work with lenders to find the loan that gives you the best chance of approval while keeping your repayments comfortable.

What government grants or incentives am I eligible for?

First home buyers could be eligible for various grants and incentives, including the First Home Owner Grant, stamp duty concessions, the First Home Loan Deposit Scheme and Family Home Guarantee Scheme. Availability and eligibility for these schemes can vary between states. We’ll review your circumstances and guide you in making the most of these opportunities, helping to make your first home purchase more affordable and achievable.

What are the extra costs of buying a home?

Buying a home involves more than just the deposit. You may need to budget for stamp duty, legal fees, building and pest inspections, and moving costs. We’ll help you understand all these costs so there are no surprises.

What is a pre-approval, and why should I get one?

A pre-approval gives you an estimate of how much a lender is willing to lend before you start house hunting. It helps you budget realistically and strengthens your offer when you find a property. We can guide you through the pre-approval process and submit it on your behalf.

How does my credit score affect my loan application?

Your credit history influences the interest rates and loan products you may qualify for. We’ll review your credit situation, offer advice on improving it if needed, and connect you with lenders that match your profile.

  • Construction Loans

Building a home is a big undertaking, and the right construction loan can make all the difference. From managing progress payments to budgeting for unexpected costs, we’ll guide you through every stage, helping you secure a loan that keeps your build on track and stress-free.

What is a construction loan?

A construction loan is a type of home loan specifically designed to fund the building of a new home. Instead of receiving the full loan upfront, funds are released in stages as the construction progresses. This helps manage costs and ensures you only pay interest on the money drawn downWe help you understand the process and choose the right loan structure for your build.

How much deposit do I need for a construction loan?

Typically, lenders require a deposit of 10–20% of the total build cost, but this can vary depending on the lender and your circumstances. 

What happens if construction costs go over budget?

Unexpected costs can arise during a build. We’ll help you plan a realistic budget, and advise on contingency options to cover minor overruns, giving you peace of mind.

Can I make interest-only payments during construction?

Yes. Many construction loans are interest-only during the build, which helps reduce pressure on your budget until the home is completed. We’ll explain how this works and which lenders offer the best terms.

What are the stages of a build for progress payments?

Progress payments are typically tied to key stages of construction, ensuring funds are released as work is completed. Common stages include:

Deposit: Paid upfront to secure your builder and start the contract.

Slab pour: The foundation of your home is laid.

Frame stage: Walls, floors, and roof frame are completed.

Lock-up stage: The home is fully enclosed with windows, doors, and roof installed.

Practical completion: All work is finished, and the builder hands over the keys.

We’ll guide you through these stages, ensuring payments align with your loan.

Do I need a fixed-price contract with my builder?

Yes, most lenders require a fixed-price building contract before approving a construction loan. This ensures costs are predictable and the loan aligns with the agreed build plan. 

  • Investment Loans

Whether you’re planning to grow your property portfolio or invest for future financial security, choosing the right investment loan is crucial. We’ll help you understand interest rates, loan structures, and tax implications, ensuring your investment strategy is smart, sustainable, and tailored to your goals.

What is an investment loan?

An investment loan is a home loan used to purchase a property for rental income or capital growth, rather than for your primary residence.

How much deposit do I need for an investment property?

Most lenders require a deposit of 10–20% for investment loans, but this can vary depending on the lender and your financial situation. We’ll help you explore your options and structure your deposit efficiently.

What is an interest-only investment loan?

Interest-only loans allow you to pay just the interest for a set period, reducing repayments in the short term. This can improve cash flow for property investors. We’ll show you when this option might be right for your goals

Can I get an investment loan if I already have a home loan?

Yes. Many investors hold multiple loans, but your borrowing capacity will depend on your income, expenses, and existing debts. We’ll assess your situation and find lenders that can accommodate your investment plans.

Can I use equity from my current property to invest?

Yes. Many investors use the equity in their home or existing investment property to fund a new purchase. We’ll explain how this works and help structure your loans for maximum efficiency.

Can I use an investment loan to buy property with a friend or family member?

Yes, joint investments are possible, but each borrower’s income, credit, and responsibilities are assessed by the lender. We’ll guide you through the process and ensure the loan structure is fair and manageable for all parties.

  • Bridge Loans

Sometimes, buying your next home before selling your current one can be tricky. A bridging loan can help you manage the transition smoothly. We’ll assess your situation and find the most suitable bridging finance option so you can move forward with confidence, without the pressure of juggling two properties at once.

 

A bridging loan is a short-term loan designed to “bridge the gap” between buying a new property and selling your existing one. It helps you manage two properties at once without financial stress.

How does a bridging loan work?

A bridging loan temporarily covers the cost of your new property while you wait for your current home to sell. Once your existing property is sold, the loan is repaid. 

Most homeowners who are buying a new property before selling their current one may be eligible. Lenders will assess your financial situation, including equity in your current property and ability to service the loan.

How long can a bridging loan last?

Bridging loans are generally short-term, usually ranging from 3 to 12 months, depending on your circumstances and how quickly your current property sells.

How much can I borrow with a bridging loan?

You can usually borrow up to 80% depending on the lender’s criteria and your financial situation.

What are the costs of a bridging loan?

Costs can include interest, establishment fees, legal fees, and valuation fees. Interest rates are typically higher than standard home loans due to the short-term, higher-risk nature of bridging loans.

Do I pay interest during the bridging period?

Yes, interest is usually charged during the loan period. Some lenders allow interest to be capitalised (added to the loan) until the sale of your existing property.

How quickly can a bridging loan be approved?

Approval times vary, but with the right documentation and mortgage broker assistance, bridging loans can be arranged in 1–3 weeks.

  • Refinancing

Refinancing can be a great way to reduce your repayments, access equity, or consolidate debt. We’ll review your current loan, compare the market, and find options that save you money or give you more financial flexibility. Our goal is to make refinancing simple and worthwhile for you

What does refinancing mean?

Refinancing means replacing your current home loan with a new one, either with your existing lender or a different one, to get better interest rates, features, or financial flexibility.

Why should I consider refinancing?

People refinance to reduce their repayments, access equity, consolidate debt, switch to a loan with better features, or take advantage of lower interest rates.

Will refinancing cost me money?

There can be fees, such as discharge fees, application fees, and valuation costs. But these are often outweighed by the savings from a better rate or loan structure. We’ll calculate whether refinancing is financially worthwhile for you.

How long does the refinancing process take?

Typically, it takes 2–4 weeks from application to settlement, depending on your lender and circumstances. Your broker can help make the process smooth and quick.

Can I access equity when I refinance?

Yes! Refinancing can allow you to access the equity in your home for renovations, investments, or consolidating other debts, depending on your lender’s criteria.

How soon can I refinance after taking out my current loan?

It depends on your lender and any early exit fees. Many people refinance after 12–24 months, but sometimes it’s worth doing sooner if significant savings are available.

faq

Frequently Asked Questions

What does a Mortgage Brokers do?

At Way Finance, we take the time to understand your financial needs, find the loan that suits you best, and negotiate directly with lenders on your behalf. We handle all the heavy lifting—from our first chat right through to settlement and beyond.

As your mortgage broker, we’re your link between you and the banks. Instead of being limited to one lender’s products, we compare a wide range of options to help you choose the right fit.

We also make your application as strong as possible to improve your chances of approval. If any issues come up along the way, we advocate for you and work with the lender to keep things moving. We manage all communication, break down any confusing bank jargon, and keep you informed at every step.

Before your loan is approved, we’ll walk through the documents with you, answer all your questions, and make sure you feel confident about what you’re signing. We also coordinate the important settlement details with your conveyancer, real estate agent, and the banks.

Our goal is to make the whole process smooth, stress-free, and supportive – so you always feel looked after.

We’re experts at finding the right loan for you. With so many lenders and loan options out there, it can quickly become overwhelming. We simplify the process by understanding your needs and comparing thousands of loans from our range of lenders to find the best fit for you.

Unlike a bank, which can only offer its own products, as a mortgage broker we give you real choice. We compare rates, fees, features, and policies across the market, so you’re not limited to one option.

We also negotiate with lenders on your behalf and handle all the paperwork, saving you time, stress, and often money. Our job is to guide you through every step, explain everything clearly, and advocate for you if any issues arise.

Generally, we do not charge our clients fees for our services. Our commission is paid directly by the lender once your loan has been finalised. Rest assured, this does not increase your cost in any way.

In some more complex cases, a small fee may be required, but if that applies, we will always let you know upfront so there are no hidden surprises.

We work with over 60 lenders, including the Big Four (CommBank, ANZ, Westpac, NAB), as well as BOQ, AMP, Bankwest, Bendigo Bank, Heritage Bank, ING, Macquarie, Suncorp, St George, Pepper Money, Newcastle Permanent, and many more. With such an extensive lender panel, we can help you find the right loan with terms that suit your needs.

Your first appointment is all about getting to know you, your goals, and your dreams. It’s a chance for Way Finance to understand your personal and financial situation so we can guide you in the right direction.

During this meeting, we’ll discuss your objectives and review your current circumstances to assess your loan feasibility and borrowing capacity. You don’t need to bring anything specific – this first appointment is simply about understanding what you want to achieve and how we can help you get there.

After the appointment, we’ll send you an electronic form to capture the details of your full financial situation. The more information you provide, the better we can assess your borrowing power and tailor our advice to your unique needs and goals.

If you choose to proceed, we’ll explain the different types of loans and recommend the best options for your situation. At this stage, we may ask for:

  • Identification documents
  • Payslips
  • Bank statements
  • Credit card statements
  • Investment or asset details

Any other relevant documents (including child support, Afterpay, or Zip payments)

At Way Finance, we make the loan process easy and stress-free. From your very first appointment, we focus on getting to know you, your goals, and your dreams, so we can guide you with advice that’s clear, honest, and tailored to your situation. We explain everything in plain language, no confusing banking or financial jargon, to keep you informed every step of the way.

While we love meeting our clients in person, we understand that life is busy and not everyone is nearby. That’s why we’re fully accessible and available when you need us, whether it’s by phone, video call, or email, at a time that suits you. Our goal is to make the process as easy and convenient as possible, no matter where you are.

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