Home Loans

Purchasing your dream home is an exciting and significant milestone in your life, likely the biggest purchase you will ever make. We get that finding the perfect home is just the beginning, Securing the right home loan is essential to turning your dream into a home of your own.

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We make the home loan process easy for you by:


  1. Tailored Solutions for You: We recognize that your journey is unique. That's why we offer a range of home loan products tailored to your specific needs. Whether you're a first-time homebuyer, upgrading to a larger space, or looking to refinance your current mortgage, we have the right loan for you.

  2. Competitive Rates: We have over 40+ lenders and we have access to some of the most competitive interest rates in the market. We understand that a lower interest rate can save you thousands over the life of your loan, making your dream home more affordable.

  3. Expert Guidance: Navigating the world of home loans can be overwhelming. Russell has over 15+ years as a Finance Broker and will guide you through the entire process, from application to closing. We'll answer your questions, explain your options, and ensure you feel confident at every step.

  4. Streamlined Application: We believe that applying for a home loan should be straightforward and stress-free. Our online application process is designed for convenience, allowing you to submit your information securely from the comfort of your home. Of course, we are always available to assist you in person or over the phone.

  5. Fast Approvals: We understand that timing is crucial in the real estate market. Our commitment to efficiency means that we work diligently to provide fast loan approvals, helping you secure your dream home as quickly as possible.

  6. Personalized Support: Your homeownership journey doesn't end with approval. We offer ongoing support to help you manage your mortgage, whether it's making extra payments, refinancing, or adjusting your loan to fit changing circumstances.

Find out how much you can borrow

In 60 seconds, understand how much you can borrow to buy your dream home.

Get your Borrowing Capacity
Image for Some common loan features and benefits:

Some common loan features and benefits:

Of course, not all these features will be available on every loan. We will work together to determine which features are best for you and find the loan that fits with your situation.

Interest Only Repayments: With an interest-only home loan, you only pay the interest on the borrowed amount for a certain period, usually around 5 years. This can make your initial repayments lower, but keep in mind that you'll still need to pay back the full amount later.

Extra Repayments: If you pay more than the required regular repayment, the extra amount may be deducted from the principal. This not only reduces the amount you owe but lowers the amount of interest you repay. Making extra repayments regularly, even small ones, is the best way to pay off your home loan quicker and save on interest charges.

Weekly or Fortnightly Repayments: Instead of a regular monthly repayment, you pay off your home loan weekly or fortnightly. This can suit people who are paid on a weekly or fortnightly basis and will save you money because you end up making more payments in a year, which potentially cuts the life of the loan.

Redraw facility: This typically allows you to access any extra repayments you have made. Knowing you have access to funds can provide peace of mind. Be aware lenders may charge a redraw fee and have a minimum redraw amount. There might also be other restrictions on when funds can be redrawn.

Repayment holiday: You may be able to take a complete break from repayments, or make reduced repayments, for an agreed period of time. This can be useful for travel, maternity leave, or a career change.

Offset account: This is a savings account linked to your home loan. Money paid into the savings account is deducted from the balance of your home loan before interest is calculated. The more money you save, the lower your regular home loan repayments. You can often access your savings in the usual way, by EFTPOS and ATMs. This is a great way to reduce your loan interest. Be aware the account may have higher monthly fees or require a minimum balance or have other restrictions.

Direct debit: Your lender automatically draws repayments from a chosen bank account. Apart from ensuring there is enough cash in the account, you don’t have to remember to make repayments.

All-in-one home loan: This combines a home loan with a cheque, savings, and credit card account. You can have your salary paid into it directly. By keeping cash in the account for as long as possible each month you can reduce the interest charges. Used with discipline, the all-in-one feature offers both flexibility and interest savings. Interest rates charged for these loans can be higher.

Professional package: Home loans over a certain value are offered at a discounted rate, combined with discounted fees on other banking services. These can be attractively priced, but if you don’t use the banking services you may be better off with a basic variable loan.

Portable loans: If you sell your current property and buy somewhere else you can take your home loan with you. This can save time and set-up fees, but you may incur other charges.

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Thanks for all your help! No complaints what so ever, excellent service, stress and hassle free, will definitely be using you again

- Troy from Busselton

BS

Broker Studio

Russell & Sharon are an excellent team to work with. Extremely responsive and with great attention to detail, they care for every outcome they are working towards. Highly recommend.

TB

Tessa Briggs

We have used Total Loans for the last 3 houses we have purchased and we couldn’t be happier with the service they provided. Russell and Sharon went above and beyond for us, making every step of the loan process seamless. Their knowledge and expertise are outstanding. We couldn’t recommend them more!

JH

Joshua Hunter

My partner and I were first home buyers completely new to the process and Russell helped us from start to finish. He presented a lot of good loan choices and answered all our questions without hassle along the way. We will definitely be recommending Total loans to family and friends in the future.

Frequently Asked Questions

Do you charge any fees, or are there any hidden costs?

Not at all. Our service is free and transparent, with no hidden charges. When you receive a loan from us, it is the same as if you went directly to the lender. The lender pays us a commission, but it does not impact your home loan in any way.

How much can I borrow?

Your borrowing capacity can vary with each Lender. All lenders have their individual serviceability calculators to assess how much you can borrow with them. At Total Loans we have access to most lenders calculators and can provide you with information on how much you can borrow with each lender. Some of the factors that lenders consider when assessing how much you can borrow include length of employment, deposit, guarantors, suitable security, previous repayment history, current debts ie personal loans, credit card/store cards.

How does Total Loans ensure a professional service?

As a Licensed Finance Brokerage, with our own Australian Credit License Number: 388425. We are required to always operate with a strict code of ethics and act with honesty and integrity, comply with all the laws and regulations relating to the Mortgage Industry and maintain confidentiality in all dealings. Total Loans has membership of several major industry and governing bodies to ensure that staff keep up to date with industry standards and changes. These include: Australian Finance Group, Australia's largest mortgage wholesaler (AFG) 
Mortgage and Finance Association of Australia (MFAA) 
Australian Financial Complaints Authority (AFCA)

How long does it take to get finance approval?

All Lenders have different turnaround times. The Lender you choose will depend on your situation and the urgency of your loan requirements. We will determine the loan that is right for you during our strategy session.

Why do you need a Mortgage Broker to help you?

Did you know that over 70% of loans in Australia are submitted through a Mortgage Broker? Navigating the countless mortgage products on the market can be confusing and overwhelming. A Mortgage Broker plays a pivotal role in guiding borrowers through the maze of options, explaining product features, and aiding in selecting the ideal loan for you. Beyond purchase assistance, at Total Loans we provide ongoing support, ensuring you always have access to the best financing options available.

Why don't I just go directly to my bank?

Mortgage brokers are often able to offer better rates by negotiating with multiple lenders, while banks only present their own offers. We provide a detailed comparison report so that you can compare the features, rates and fees of the products of various lenders, without going to each bank directly, saving you time and money. We also have access to promotions through the broker network, such as discounted, application fees and interest rates.

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