A TAILORED HOME residential LOAN SOLUTION 
THAT SUITS YOUR LENDING REQUIREMENTS

Welcome to Mortgage Seekers Australia, your premier destination for hassle-free home loans. We understand that applying for a home loan can be a daunting task, but with us, you can rest easy. Our dedicated team is committed to simplifying the process, ensuring you experience a seamless journey toward homeownership.

Residential home loans, commonly known as mortgages, are financial products designed for individuals looking to purchase residential properties. These loans are secured against the property, ensuring security for the lender.

Key Types of Residential Home Loans

Variable Rate Loans: 
These loans' interest rates can change, reflecting market trends. 
This flexibility means your repayments may vary over time.
Fixed Rate Loans: 
Offering repayment stability, the interest rate here remains constant for a predetermined period, 
shielding you from market fluctuations.
Interest-Only Loans: 
Ideal for short-term and investment with lower repayments, increasing cash flow.
 These loans involve paying just the interest for a set period, without reducing the principal loan amount.
Split Rate Loans: 
A hybrid, combining fixed and variable rates, offering both repayment stability and flexibility.
Low Doc Loans: 
Tailored for self-employed or irregular income earners.
These loans require minimal documentation but often carry higher interest rates.
Line of Credit Loans: 
This flexible option allows you to access funds up to a certain limit, 
using your home equity as collateral.
Bridging Loans: 
Useful for managing finances between selling an existing property and purchasing a new one.
Construction Loans: 
Specifically designed for home construction. 
These loans provide funds in stages as construction progresses.
Non-Conforming Loans: 
Catered to individuals with poor credit histories.
These typically require a larger deposit and have higher interest rates.

FIXED vs VARIABLE guide download PDF

REFINANCING guide download PDF

INVESTING guide download PDF

FIRST HOME BUYER guide download PDF

offset account

An Offset Account, as explained across various sources, is a type of account linked to a home or investment loan, offering a unique way to save on interest payments. The balance in this account is 'offset' against your loan balance, effectively reducing the amount of interest you pay.

For instance, if you have a loan balance of $500,000 and $260,000 in your offset account, the interest is calculated on a net balance of $240,000, not the full loan amount. This setup is particularly beneficial for those who can maintain a high balance in their offset account

They can be used to manage cash flow effectively by directing income, such as salary or rental income, into the offset account. This strategy reduces the loan's interest component, allowing more of your repayment to go towards the principal. The effectiveness of an offset account in saving interest and reducing loan tenure depends on how you manage the account and the average daily balance maintained in it.

Offset Accounts provide immediate interest reduction on home loans, as interest is calculated on the loan balance minus the offset account balance. They offer flexibility for daily transactions and are tax-efficient, particularly for investment properties. However, they may incur higher account fees or require a higher interest rate on the home loan.

Redraw Facility

A Redraw Facility is a feature of a home loan that allows you to access any extra repayments you have made on your loan. This means if you pay more than your minimum required repayment, you can later withdraw these additional funds if needed. It's a useful feature for those who want to pay off their loan faster but still want access to their extra funds in case of emergencies or other needs.

Redraw Facilities encourage extra loan repayments, allowing access to these funds if needed. They are typically more cost-effective than offset accounts, with lower associated fees. The drawbacks include less flexibility in accessing funds and potential tax implications for redrawn funds used for non-investment purposes, especially in the context of investment properties.

why choose us for your 
home loan needs?

effortless application process

Applying for a home loan has never been easier.After guiding you through a maze of lenders products and then selecting the loan that best suits our needs, we will collect your information and prepare and submit your application to meet the lender’s lending requirements without you leaving the comfort of your home. Throughout the journey, we will provide you with updates until the loan has settled. Our service is ongoing even after settlement.  Available 7 days a week.