Home Loan

Our experienced and dedicated mortgage broker team are here to help with all kinds of home loans. Whether you are a first home buyer, home owner or property investor, we can provide a wide range of services including:

  • Consultation for first home buyer for purchase and finance procedure
  • Assist with loan application for first home buyer until settlement and apply for First Home Owner Grant (FHOG) together with the loan application
  • Review and restructure your existing loans
  • Existing property value estimation
  • Research for loan products and interest rates that suits you best
  • Assist with loan application under trust or company structure
  • Bridging loans if you want to sell a property and buy a new one at the same time
  • Mobile meeting


SMSF investment is very popular, however is also strictly regulated. Different lenders have restrictions and requirements in different ways for SMSF loans. It’s good to have a consultation with us at the very beginning of your investment. Our SMSF loan specialist can assist you along the whole investment journey.

Non-Resident Loan

Commercial Loan

Commercial lending is always non-standard and complicated. We have various resources that can provide you tailored solutions. Our commercial loan specialist can provide services for:

  • Purchase franchised business
  • Purchase standard commercial properties (e.g. office, shop, warehouse)
  • Purchase non-standard commercial properties (e.g. childcare, farm etc.)
  • Refinance commercial loans
  • Property development

Car Loan

Our smart and experienced car loan specialist has been in the industry for more than 10 years and knows everything about car loans. Whether you purchase a car under personal name or company, we will find you a fast and easy way to get your car. Services include:

  • Compare and select the most suitable lender
  • Fleet service. We can be your buyer agent. We can compare prices, search for the best deal and deliver the car to your home.

Q & A

Procedure 1

Purchaser have found a property, lodge an application through us; Bank will assess the application; and the bank will evaluate the property being purchased. After the bank announces the unconditional approval, a loan document will be sent out. Applicant will be required to sign the document and return it. The loan process is therefore finished. (Our friendly Consultants will walk you through the whole process)

Procedure 2

Purchaser has the intention of Purchase a property however, has not find a suitable property; our company can lodge an application with a targeted property price range. The bank will assess the application and announces a conditional approval. Purchaser will only need to find a suitable property within 90 days to complete the application.

Normally, Process 2 is for those who have limited knowledge of their financial position and borrowing capacity.

New homes

  • Buy a new home valued at less than $800,000, apply for a full exemption, and pay no transfer duty.
  • Buy a new home valued between $800,000 and $1 million, and apply for a concessional transfer duty rate. The amount will be based on the value of your home.

Existing homes

  • Buy an existing home valued at less than $650,000, apply for a full exemption and pay no transfer duty.
  • Buy an existing home valued between $650,000 and $800,000, and apply for a concessional transfer duty rate. The amount will be based on the value of your home.

Vacant land

  • You won’t pay transfer duty if your land is valued at less than $400,000.
  • For land valued between $400,000 and $500,000, you’ll receive a   concessional rate.

To calculate your property transfer stamp duty, please click here.

An offset account is a transaction account that is linked to your loan account. The balance of your transaction account is offset daily against your outstanding loan balance, reducing the interest payable on that loan.

Offset account enables you to make the most of your income and other funds to reduce the interest payable on your home loan.

Please refer to the below diagram:

Lenders’ mortgage insurance protects your lender in the unfortunate event of you defaulting on your home loan. When lenders agree to lend a customer money, there is a small risk that they won’t get the money back if the customer is not able to meet the repayments. Although they have the house as security, if property values decline that security may not be enough to cover the outstanding loan when the lender comes to sell it.

Lenders’ mortgage insurance should not be confused with mortgage protection insurance, which covers borrowers for the payment of their mortgage instalments in the event of unforeseen circumstances including unemployment, illness or death. This insurance is paid annually and can vary depending on the outstanding balance of the loan.

For more information, please click here.

Based on a $500,000 home loan over 30 years. Assumes constant interest rate of 6%. Monthly repayment figures determined using the MoneySmart mortgage calculator. Interest is calculated by compounding on the same day as the monthly repayment.

Product type Principal repaid Interest paid over full term of loan Extra interest paid over full term of loan P&I payments over remaining term of loan following IO expiry
P&I loan $500,000 $579,191 $2,998
5 year IO $500,000 $616,452 $37,261 $3,222
10 year IO $500,000 $659,717 $80,526 $3,582
15 year IO $500,000 $709,471 $130,280 $4,219
Fixed Rate Variable Rate
Definition:* Rate remain unchanged during the fixed term

* Term can be fixed for 1,2,3 or more years

Definition:* Rate continually changing over loan lifetime

* Rate changed depending on RBA rate changing and lenders’ following decision

Advantage:* Borrower can benefit when on increasing rate

* Better budget as the repayment stay same in fixed term

Advantage:* More flexible to divert to any product as market condition changing
Disadvantage:* Higher break cost

* Restriction of additional repayment

Disadvantage:* Unsecured rate

First home owner grant

If you’re a first home buyer and you’re buying or building a new home, you may qualify for a $10,000 grant under the First Home Owner Grant (New Homes) scheme if you purchase date was on or after 1 January 2016.

You can make a claim for the First Home Owner Grant if your:

  • newly constructed home or a substantially renovated home has a total value less than $600,000
  • land for building and any dwelling you intend to build has a combined value less than $750,000.

Eligibility requirements

To receive the grant when you buy your home:

  • you must be an individual, not a company or trust
  • you must be over 18
  • you, or at least one person you’re buying with, must be an Australian citizen or permanent resident
  • your purchase date must be on or after 1 January 2016.

Generally, you won’t be eligible for the First Home Owner Grant if you or your spouse:

  • have previously owned or co-owned a home in Australia or
  • have received an Australian first home owner grant.

You may still be eligible if you purchased a residential property after 1 July 2000 and didn’t live in it for more than six continuous months.

For more information, please click here.

How credit history reports benefit you

A good credit history will benefit you in applying for finance. When lenders review your credit history information, your credit score plays a big role in setting your interest rates and repayment terms. If your track record of building credit history is excellent, your efforts will save you money on interest charges.

The costs of a bad credit history

Credit history information always lags behind your real-time credit decisions. However, bad credit decisions tend to yield negative effects faster, and those effects linger for years. A credit history check that shows a record of bankruptcy, collection liens, foreclosures, and other financial missteps can affect your ability to get an affordable mortgage.

Every bank has their own calculating system and can calculate how much you can borrow without affecting your daily consumption cost. Your borrowing power is usually smaller than what you imagine because lenders are always using higher assessment rates than actual interest rates in the market. Please check with your broker to find out which lender can lend you the most.

Features and Benefits Basic Home Loan Package Home Loan
Application Fee or ongoing account-keeping fees
Annual Package Fee
100% offset account
Fixed rate option
Free split loan account
Redraw facility
Redraw fee
Free credit card
Further discount on interest rate
Discounted pricing on insurance and other services provided by the lender


Additional Repayments Paying more than the contracted or agreed repayment into your home loan. Works to decrease the level of interest paid to the lender and hence reduce the cost of your loan. Most variable rate loans allow unlimited extra repayments however fixed loans usually have restrictions.
Amortisation To pay off a loan over a period of time via principal and interest payments.
Application Fee Also called an Establishment Fee. Fee paid to set up your loan and usually includes legal fees and property valuation charges. Usually not charged if the loan doesn’t proceed or if the loan is declined but this varies between lenders.
Arrears Being overdue in your repayments.
Auction A public sale where the property is sold to the highest bidder.
Basic Rate The rate that applies to plain and simple loan from each lender. Cheaper rate loans which don’t have features such as a redraw or offset account.
Break Cost Cost levied by lender for “breaking” out of a loan before the completion of the contracted term. Mainly applies to fixed rate loans where the banks levy you the economic cost to them of you ending the loan early.
Bridging Loan A loan used to “bridge” the period between the purchase of a new property and sale of an existing one ie when you are swapping houses and you want to buy your new property before selling your existing one.
Certificate of Title The certificate detailing the ownership and land dimensions of a property.
Contract Of Sale The contract used in the transfer of property detailing the conditions relating to the purchase /sale.
Conveyancer The person responsible for legally transferring ownership of the property from the seller’s name to the buyer’s name.
Credit Reference or Credit Report A report usually conducted by lenders on the credit history of the borrower. Credit reports are prepared by authorised credit reporting agencies, such as Baycorp Pty Ltd (formerly Credit Reference Association of Australia or CRAA). Lenders must get the borrower’s permission in writing before obtaining a credit report.
Daily Interest Interest calculated on a daily basis. Most variable rate loans calculate interest on a daily basis.
Default Failure to make a loan repayment by a specified date.
Deferred establishment fee Also called exit fee. A fee charged by the lender when a borrower refinances out of the lender’s loan within the first few years of the loan. Varies between lenders and between loans.
Disbursements 3rd party costs incurred when settling a loan ie solicitor costs, stamp duties, title searches, transfer of title and mortgage costs, mortgage insurance costs.
Equity The proportion of the mortgaged property that is owned by you.
Equity Loan Also called a Line Of Credit or Revolving Line Of Credit. A loan with a continuing pre-set limit ie the limit doesn’t reduce over time. Funds are generally able to be used for any purpose, including shares, renovations, personal, or an investment property. Interest rate is usually at a slight premium to the standard variable rate.
Establishment Fee Also called an Application Fee. Charge levied by lenders to set up your loan and usually includes legal fees and property valuation charges. Usually not charged if the loan doesn’t proceed or if the loan is declined but this varies between lenders.
Exchange (Of Contracts) Date on which your conveyancer enacts the exchange of contracts committing the buyer to buy the property and the seller to sell the property. Some contracts allow a cooling off period during which time the purchaser can withdraw from the purchase.
Exit Fee Also see deferred establishment fee. A fee charged by the lender when a borrower refinances out of the lender’s loan within the first few years of the loan. Varies between lenders and between loans.
Fixed Interest Rate An interest rate that is “locked in” for a specified period. Usually 1, 2, 3, 4, or 5 years.
Fixed Rate Loan Where a borrower elects to fix the interest rate of their loan – or part of it – at a set level for a set duration. The period is usually between 1 and 5 years. Enables borrower to “set” their loan repayments for the period selected however rates are usually higher than the prevailing variable rates at the time of establishment. Also, lenders may charge a fee if you “break” this period ie through changing loan type or refinancing to another lender whilst still in the fixed rate period.
Fortnightly repayments To make loan repayments on a fortnightly basis. Ability to do this is dependant on the lender and the loan. Helps to reduce your loan term and amount of interest paid to the lender by more regularly paying down the principle of your loan.
Genuine Savings Genuine savings is a term given to a requirement that many lenders make on first home buyers. The lenders generally want some type of evidence that you can afford the loan they are about to give you and that you have the capacity to save money whilst maintaining your existing lifestyle. Evidence of this is called genuine savings and what it means to you is that most lenders want you to show them that you have had the ability to save at least some of your deposit over a 3 or 6 month period.
Government Charges The various government charges levied in a property purchase ie stamp duty and mortgage stamp duty. These charges vary from state to state, and are determined by the relevant state government.
Guarantee A promise to meet the loan obligations of another party (ie third party) if that third party defaults.
Guarantor The person giving the guarantee. For example, parents acting as guarantor for a loan for their children. Most lenders will require the guarantor to get legal and financial advice before approving such a loan.
Honeymoon Rate A home loan with a lower interest rate offered in the initial period (usually the first year) of the loan (= the honeymoon period). Usually reverts back to the lender’s standard variable rate loan after the honeymoon period. The honeymoon rate is usually fixed, or at a fixed discount to the standard variable rate for the duration of the honeymoon period.
Interest Only Repayments A loan where you arrange with the lender to pay interest only (and no principle) for an agreed period (usually 1 to 5 years). Common with loans against investments for maximum negative gearing effect.
Jointly And Severally Liable Refers to the situation in joint loans where all borrowers are fully responsible for the loan repayments ie in a joint loan with more than one borrower, if one person defaults on the loan repayments, the other borrowers are responsible for that person’s share of the loan.
Lease A document granting tenancy of a property for a specified period.
Legal Fees Legal costs involved in arranging a loan and the loan documentation incurred by the lender. Generally, it is charged to the borrower and is usually included in most loan application fees.
Lender’s Mortgage Insurance Also called LMI or Mortgage Insurance. It is an insurance policy designed to protect the lender against you defaulting on your loan repayments. It is protection for the lender, not the borrower. If you default on your loan and the lender is forced to sell the property to retrieve its funds, the insurance pays the balance if the amount of funds received is less than the original loan amount. The insurance company then has legal right pursue the borrower to recoup these funds. Usually, in loans greater than 80% of the value of the security, the borrower pays the mortgage insurance premium.
Liabilities Loans, debts, or other obligations ie a car loan, personal loan, child maintenance payments etc with a regular (usually monthly) payment.
Line of Credit BAlso called a Revolving Line Of Credit or an Equity Loan. A loan with a continuing pre-set limit ie the limit doesn’t reduce over time. Funds are generally able to be used for any purpose, including shares, renovations, personal, or an investment property. Interest rate is usually at a slight premium to the standard variable rate.
LMI LMI See Lender’s Mortgage Insurance
Loan Agreement The contract between the lender and the borrower. The loan agreement states all the conditions that apply to your loan.
Loan Stamp Duty Also called mortgage stamp duty. A stamp duty charged by the State Government on the mortgage. Differs in rate in each state and the borrower may be partially exempt if refinancing a loan of a particular property. First home buyers may receive an exemption dependent on property value and other criteria. Use the Home Loan Advice Centre stamp duty calculator to find out how much stamp duty your loan attracts.
Loan to Value Ratio Also called the LVR. This is the measure of the amount of the loan compared to the value of the property. For example, if you have borrowed $380,000 and your property is valued at $400,000, your loan to value ratio would be 95%.
Lump Sum Payment Any additional loan repayments made by the borrower over and above the contracted periodical repayment amount.
LVR Also called the Loan To Value Ratio. Is the ratio of the value of your loan to the value of the security you provide to the lender. A term used by lenders when describing the maximum amount the lender will approve against the value of any property taken as security for the loan.
Mortgage Security over property given to the lender for the repayment of the loan.
Mortgage Stamp Duty Also called Loan Stamp Duty. A stamp duty charged by the State Government on the mortgage. Differs in rate in each state and the borrower may be partially exempt if refinancing a loan of a particular property. First home buyers may receive an exemption dependent on property value and other criteria. Use the Home Loan Advice Centre stamp duty calculator to find out how much stamp duty your loan attracts.
Mortgagee The lender ie the institution lending you the money.
Mortgagor You ie the borrower of the funds.
Offset Account A bank savings account that is offset against your home loan account thereby reducing the amount of interest on your home loan each month. The lender charges interest on your loan balance after deducting the balance in your savings account. For example, if your loan account balance is $100,000 and your savings account is $10,000, you only pay interest on $90,000.
Ongoing Fees Ongoing Fees The ongoing account keeping fees (usually monthly) charged by the lender to the borrower. Differs between lenders and between loans.
Power of attorney A legal appointment where a person nominates another (called the attorney) to act as their legal representative.
Principal The amount of capital borrowed. You pay the lender interest on the principle and your loan repayments are usually made up of a proportion of principal repayment and a proportion of interest charged.
Principal & Interest Repayments As opposed to interest only repayments. It is the most common type of loan where the repayments are made up of a principal component and an interest component. Commonly referred to as a P&I loan.
Private Sale Sale of a property done privately between buyer and seller without the involvement of a real estate agent.
Private Treaty Sale As opposed to sale by Auction. A property sale where the buyer and seller negotiate a price privately rather than through the auction process.
Redraw The amount of funds available to you to withdraw from your home loan and is equal to the amount of extra lump sum repayments you have made over and above your contracted loan repayments. Not available on all loan types however generally available on most variable rate loans.
Refinance Switching your loan from one lender to another.
Reserve Price Pre-determined minimum acceptable property price, set by the seller, at auction.
Searches Enquiries usually conducted by your conveyancer to confirm that the property vendor is in a position to sell the property ie detailing any encumbrances listed against the property.
Security The asset supplied by the borrower to the lender as the lender’s security for lending the funds. The lender will maintain “control” over this security until their funds are fully repaid. Usually real estate is offered as security.
Settlement The day on which the property settles. The day on which your conveyancer conducts the actual payment for your property by combining the lenders funds with your funds and making payment to the property vendor. Settlement date is also called the “Draw down” date, as this is the date the loan is usually fully drawn. It is also the date the keys to the property a handed over to the buyer.
Split Loan A loan which is divided into a number of loan splits for the purpose of allowing the borrower greater loan flexibility. For example, a borrower can have one split at a variable rate, and the remainder at a fixed rate. Alternatively a borrower can arrange one split as principle and interest repayments and another as interest only repayments to separate out borrowings for owner occupied purposes and borrowings for investment purposes.
Stamp Duty A tax charged by the state government when a property is purchased. Stamp duty is calculated on the purchase price of the property and is paid by the buyer. Each state and territory has a different rate of duty.
Strata Title Common type of title for unit or apartment developments. Confers ownership of a section or a unit of a building and can be sold by the owner.
Term The designated period a loan runs for, or a designated period within the loan.
Torrens Title Common type of title for metropolitan residential property. Confers ownership of property.
Transfer A document noting the change of ownership registered with the Land Titles Office.
Valuation An estimation of the value of the security you are providing to the bank done by a independent professional valuer. The valuer is commissioned by the bank to conduct the valuation. The valuer takes into account the nature of the property being valued and recent sales of similar properties in the same area. Some lenders may not require valuations in certain circumstances.
Valuer A professional who’s job is to understand the local real estate market enabling them to give accurate estimations of the value of individual properties within that market.
Variable Interest Rate The most common type of interest rate selected. An interest rate that can vary inline with the market. Usually linked to the official market interest rate which is set by the Reserve Bank of Australia and is influenced by the general state of the economy. As a general rule, the Reserve Bank of Australia increases the official market interest rate when it wants to slow down the economy, and decreases it when it wants to stimulate the economy.
Vendor The seller of a property.
Zoning The local council’s outline on the permitted uses of land and buildings.


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