Home Loans

Buy your First Home, Next Home or Dream Home sooner with a Home Loan

At JAYA Finance & Mortgages, we understand that buying a home is one of the biggest decisions you’ll make. Whether you're in Mornington Peninsula or anywhere in Australia, our goal is to simplify the process and provide access to Home Loan options from banks and lenders across Australia. We’re here to help you explore your options, whether you're a first-time buyer or looking to refinance. With our expertise, you can apply for a home loan with confidence, knowing you'll receive guidance every step of the way.

When considering a home loan, it's important to understand how your financial situation impacts your borrowing capacity. Your credit history is a key factor, affecting both the loan amount you can borrow and the interest rate you'll be offered. At JAYA Finance & Mortgages, we make it easier to access Home Loan options tailored to your circumstances, ensuring you get the best possible terms. We also discuss the importance of the loan to value ratio (LVR), as this will influence whether you need lenders mortgage insurance (LMI). Many first-time buyers are surprised by costs like stamp duty, but with our guidance, you’ll know exactly what to expect and how to prepare.

Interest rates can significantly affect your home loan repayments. With options ranging from fixed interest rate home loans to variable home loan rates, understanding what works best for you is crucial. Fixed interest rates offer stability in your repayments by locking in a rate for a set period, which can be advantageous if you prefer predictable expenses. On the other hand, variable interest rates can fluctuate with the property market, sometimes offering interest rate discounts that can save you money over time. We assist in calculating home loan repayments so you can make informed decisions about which type of loan suits your financial needs.

Navigating the Home Loan application process might seem complex, but we aim to provide a streamlined application process. By helping you gather necessary documents like bank statements and understanding your borrowing capacity, we ensure that applying for a home loan is as straightforward as possible. Getting pre-approved for a Home Loan can give you an edge in competitive markets, allowing you to act quickly when you find the right property. An offset account is another option we might explore with you, reducing the interest payable on your loan and potentially shortening your loan term. Our comprehensive approach ensures you're well-prepared at every stage.

At JAYA Finance & Mortgages, our mission is to support you in accessing Home Loan options that suit your unique needs. From understanding how variables like interest rates and LVR affect your loan to guiding you through the Home Loan application process, we're here to assist you every step of the way. Reach out today to discuss how we can help you achieve your dream of buying a home and make the most of our expertise in securing favourable Home Loan Rates. Whether you're buying locally in Mornington Peninsula or elsewhere in Australia, we're committed to making your home buying journey a success.

Getting a Home Loan

1. Consultation with Your Finance & Mortgage Broker
Your journey to securing a property loan begins with an initial consultation. Whether you're buying a home, investment property, or commercial real estate, your Finance & Mortgage Broker will discuss your property goals, explain the application process, and assess your current financial situation. This meeting sets the stage for finding the right loan options. Your broker will also outline various loan types from banks and lenders across Australia, helping you access the best deals.

2. Financial Assessment
Your Finance & Mortgage Broker will thoroughly evaluate your financial situation, including your income, expenses, assets, liabilities, credit history, and home equity. This comprehensive assessment is crucial to determining your borrowing capacity and the loan amount you can apply for. Your broker will help you understand key financial terms like loan-to-value ratio (LVR), interest rate discounts, and lenders mortgage insurance (LMI) that might apply based on your specific financial position.

3. Exploring Loan Options
After assessing your financial situation, your broker will compare various loan products from multiple lenders, taking into account factors like interest rates, fees, repayment terms, and loan features. Your broker will also help you understand the differences between fixed and variable loan rates and the implications of each option on your future repayments. The aim is to find a loan that best suits your needs, whether you're looking for a home loan, investment loan, or a loan to fund another property purchase.

4. Pre-Approval Process
One of the first major milestones is receiving loan pre-approval. This process involves getting an initial indication from a lender regarding how much you may be able to borrow. Pre-approval helps you set a realistic budget and gives you more confidence when making offers on properties. It also strengthens your position in the local property market, showing sellers that you’re a serious buyer.

5. Submitting the Loan Application
After choosing the loan product that works best for you, your Finance & Mortgage Broker will assist you with the formal loan application. They will manage the paperwork, request any necessary supporting documents such as bank statements, and submit your loan application to your chosen lender. Your broker will liaise with the lender throughout the application process, keeping you informed about the progress and addressing any issues that arise.

6. Loan Approval & Final Steps
Once your loan is approved, your broker will guide you through the next steps. This typically includes reviewing the loan agreement, ensuring all terms and conditions are understood, and arranging for any additional insurance coverage, such as mortgage insurance. Your broker will also help you set up repayment options and advise on strategies for managing your loan effectively over time.

7. Property Settlement & Ownership
Once all the documentation is in order, the final settlement takes place. This is when the loan is formally advanced, and ownership of the property is transferred to you. If you’re purchasing a property, it’s recommended that you engage a solicitor or conveyancer to ensure the transfer goes smoothly. After settlement, your lender will typically offer online access to your loan, and you’ll begin managing your loan repayments, helping you stay on top of your financial commitments.

Book Appointment

Our Latest Reviews

Tamika Buckby

Jarrod, Steph and Kasey at Jaya Mortgages went above and beyond to help myself and my partner get into our first home. It was very stressful entering the property market for the first time but they were always there to put my mind at ease and answer any questions we had. They were very polite, understanding and held the most high level of professionalism you could ask for. I couldn’t thank these guys enough for helping us get over the line at settlement. If you were thinking of buying a home like us, we would definitely recommend speaking to this amazing team first :)

Megan Nash

Mark and myself couldn't be happier with the amazing hard work Jarrod,Steph and Kasey put in to get our finance through, they were always available if we had questions and talked us through the process of the paperwork. I highly recommend using YAYA Finance & Mortgages you won't be disappointed with the friendly staff and amazing work they do to get you the best deal. We will be using them again if we ever need anything to do with finance. Thanks again Jarrod,Staph and Kasey ????.

Georgia Kors

My husband and I had the pleasure of working with Jarrod, Steph, and Casey, and we cannot speak highly enough of their exceptional service. From the outset, the team demonstrated an incredible level of patience, expertise, and dedication, ...

Tristan Smyth

We couldn’t be more thankful of the services provided by Jarrod, Steph and Kasey at JAYA finance. We were able to secure an investment loan for a property that was perfect for us. They went above and beyond and responded to every question no matter how ridiculous. Would recommend to all family and friends.

Jean O'Loughlin

I have recently gone through the process of refinancing with JAYA Finance & Mortgages. Jarrod and Kasey were wonderful to deal with and made the entire process smooth and stress-free. Great communication along the way and everything was ...

Stephanie Schendzielorz

Jarryd has been great at helping us refinance, always in contact and even now, almost a year after our initial dealings, he is still in contact and always giving advise whenever we need it (and a better rate if he can get it). I definitely recommend JAYA Finance for all your mortage/finance needs.

We work with Australia's biggest lenders

Frequently Asked Questions

Why should I use a Mortgage Broker?

Mortgage Brokers are there to help you find the right loan whether it be from the major banks, smaller lenders or other sources. We have a broad range of products (more than any single lender can offer) which means we can do all the legwork to find the right loan for you.

Are your mortgage brokers licensed and accredited?

All of our Mortgage Brokers are accredited and members of the Mortgage and Finance Association of Australia. They are extremely professional and provide exceptional service across a range of lending options.

What kind of interest rates can you offer?

We take look at a wide range of products available from Banks, Credit Unions & other lenders across the country. This means we can search thousands of products and make sure we're always recommending the best suited home loans for our clients requirements & objectives.

Is there a cost to using a broker?

In most cases, no, our service is free to you. We're paid a commission by the lender once your loan settles, so there’s no direct cost for our advice or assistance. We’ll always let you know upfront if there’s ever a scenario where a fee may apply.

Can you only help with Home Loans?

We can help with Home and Investment Loans, Construction Loans, Car Loans, Personal Loans, Commercial Loans, SMSF Loans and much more. If you're looking to borrow to buy something, we can probably help.

Can you help First Home Buyers?

We love helping First Home Buyers! We're experts at the entire process and can help you get the right Home Loan. We're also across the various schemes to help First Home Buyers such as the First Home Owners Grant and the various stamp duty exemptions available.

Can you help with refinancing an existing Mortgage?

Absolutely. Whether you're looking to refinance a Home Loan or Investment Loan, we can help you secure a more competitive rate. Many of our clients also use refinancing to consolidate debts and ease cash flow, especially important in today’s rising cost of living. We'll work with you to find a solution that suits your needs.

4 Skye Rd, Frankston VIC 3199

0407 756 192

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The trustee for THE JARROD ATTWOOD TRUST ABN: 24367216441. Credit Representative #396630 is authorised under Australian Credit License #384704 Attwood Financial Pty Ltd at The Jarrod Attwood Trust. ACN: 138 791 867.

Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

At JAYA Finance & Mortgages, we're Mortgage Brokers helping clients Australia-wide get into their home sooner with a range of Home Loan options