Whether it's your First Home, Next Home or Dream Home, we're on your side

At Objective Wealth, we understand that buying a home is one of the most significant financial decisions you'll make. Our expertise in Home Loans ensures you can access Home Loan options from banks and lenders across Australia, tailored to your unique needs. Whether you're in Canberra, ACT, or anywhere in the country, we're here to guide you through the complexities of the property market. From understanding interest rates to navigating lenders mortgage insurance (LMI), our team is committed to helping you make informed decisions about your financial future.

When considering Home Loan options, it's vital to understand the different types of interest rates available. A fixed interest rate home loan provides stability, allowing you to budget with confidence as your repayments remain constant. On the other hand, variable home loan rates offer flexibility, potentially benefiting you if market rates fall. Our team will help you assess which option aligns with your financial situation and long-term goals. Additionally, we can assist you in calculating home loan repayments, ensuring you're comfortable with your monthly commitments.

Your credit history plays a crucial role in the Home Loan application process. A strong credit history may enhance your borrowing capacity and open doors to interest rate discounts. If you’re unsure about your credit standing, we provide guidance on improving it before you apply for a home loan. Our services extend to helping you gather necessary documents like bank statements, which are essential components of the streamlined application process.

Another important factor to consider is the loan to value ratio (LVR). This ratio impacts whether you might need lenders mortgage insurance (LMI), which can be an added cost when your deposit is less than 20% of the property value. We work with you to explore ways to minimise this expense and manage your overall loan amount effectively. Understanding additional costs such as stamp duty is also critical, and our team ensures you're well-prepared for these expenses.

Getting pre-approved for a home loan can strengthen your position in the property market. Home Loan pre-approval gives you a clearer picture of your borrowing capacity and allows you to make confident offers when buying a home. We simplify the pre-approval process and offer insights into setting up an offset account, which can help reduce the interest on your loan over time.

Objective Wealth is dedicated to providing comprehensive support throughout your journey of applying for a home loan. Our experience in accessing Home Loan options from banks and lenders across Australia enables us to offer solutions tailored to your needs. By focusing on factors like home equity and navigating the complexities of variable and fixed interest rate options, we aim to make your home buying experience as smooth as possible.

We invite you to take the next step towards owning your dream home with Objective Wealth by your side. Our dedicated team is ready to assist with all aspects of your Home Loan application, ensuring you access the best Home Loan options available. Contact us today to start exploring how we can help you achieve your homeownership goals.

How to Prepare for Your Next Property Purchase

Step 1: Initial Call or Meeting

Your property journey begins with an initial conversation with your mortgage broker. This is where you’ll outline your goals and provide a snapshot of your current financial situation.

Step 2: Complete a Fact Find

You’ll complete a Fact Find—either online or on paper—which gathers all the essential information your broker needs to assess your position and identify lenders that align with your needs and objectives.

Step 3: Review Meeting

You’ll meet with your broker to explore lending options and finalise the structure of your application.

Keep in mind: the lender with the lowest rate isn’t always the best fit. Lending policies vary significantly, and your broker will guide you through key considerations such as:

• Fixed vs variable interest rates
• Government programs
• Loan structures
• Fully assessed pre-approvals
• Lenders Mortgage Insurance (LMI)
• Offset accounts
• Loan-to-Value Ratio (LVR)

Step 4: Credit Proposal

Your broker will prepare a Credit Proposal outlining your loan structure. You’ll review and sign this document, confirming the details and raising any questions or corrections before submission.

Step 5: Application Preparation

Once the Credit Proposal is signed, your broker will begin preparing your application for submission. This typically involves gathering supporting documents and completing lender-specific forms.

Step 6: Submit Application

Your application is submitted to the lender. It’s common for lenders to request additional documentation or clarification—your broker will guide you through this process.

Step 7: Pre-Approval

Once approved, your fully assessed pre-approval is typically valid for 90 days and gives you confidence to bid at auction.

Note: Not all pre-approvals are fully assessed. Some are system-generated and only formally reviewed after a property is purchased—potentially leaving you exposed if the loan is declined.

During this period, avoid applying for new loans or credit cards, as this could trigger a reassessment.

Step 8: Purchase a Property

Your broker will support you through the purchasing process, offering strategies to help you secure the property at the best possible price.

Step 9: Finalise the Purchase

Firstly, we will review the suitability of the loan given you will probably have bought for a different price than the pre-approval allowed you to spend. Being Mortgage brokers with a wide range of lenders, we might be able to find you an even better deal once you finalise the exact property.

You’ll confirm the loan structure, amount, and your cash contribution where we will ensure you are getting the most value out of any LMI (if you are paying any). Your broker will convert the pre-approval into a formal purchase application, and the bank will issue loan documents for your review and signature.

Step 10: Settlement

Your solicitor will coordinate the settlement date and confirm final figures. Any required funds are typically transferred into a shortfall account—usually set up with your incoming lender during the loan process.

Step 11: Ongoing Support

Even after settlement, your mortgage broker remains a valuable resource. They can assist with:

• Managing repayments
• Refinancing opportunities
• Accessing equity for future purchases

Your broker’s support doesn’t end at settlement—they’re with you for the long haul.