Home Loans in Hurstville & St George

Choosing the right home loan comes down to your situation, your goals, and how the loan is structured. Key things to compare include the interest rate (fixed vs variable), the comparison rate, repayment flexibility, offset and redraw features, and any fees. Because every lender has different criteria and products, working with a mortgage broker like Finch Financial means you get options across 40+ lenders rather than being limited to one bank’s range and guidance on which structure suits your circumstances.

A comparison rate gives you a more complete picture of a loan’s true cost than the advertised interest rate alone. It factors in the interest rate plus most fees and charges, expressed as a single annual percentage. It’s a useful tool for comparing loans on a like-for-like basis, though it’s worth noting that comparison rates are calculated on a standard loan amount and term, so your actual cost may vary depending on your borrowing amount and how you use the loan.

Your borrowing capacity depends on your income, expenses, existing debts, deposit size, and the lender’s own assessment criteria. Most lenders will lend up to 80% of the property value without requiring Lenders Mortgage Insurance (LMI), though some will go higher. As mortgage brokers, Finch Financial can assess your situation across multiple lenders to give you a realistic picture of your borrowing power before you start making offers.

A mortgage broker is a licensed professional who acts as an intermediary between you and a panel of lenders. Rather than approaching a bank directly and being limited to their products, a broker compares options across multiple lenders including banks, credit unions, and specialist lenders, to find a loan that suits your needs. Brokers handle the application, liaise with lenders, and guide you through the process from start to settlement. Finch Financial’s brokers are based in Hurstville and work with clients across Sydney and NSW.

Going directly to your bank means you’re assessed against one lender’s criteria at one set of rates. A mortgage broker compares options across a broad panel of lenders and works in your interest to find the most competitive rate and structure for your situation. Brokers are also particularly valuable if your circumstances are complex: self-employed income, a small deposit, or a tight timeline, where knowing which lenders are most likely to approve your application can save significant time. In most cases, using a broker costs you nothing, as brokers are paid by the lender upon settlement.