Home Loans
With access to hundreds of Home Loans, we're sure to be able to find the right one for you
When it comes to getting a Home Loan, having a number of lending options is critical to making the best choice. We have access to thousands of products from lenders across Australia including the major banks, credit unions, and building societies. We support our clients throughout the buying process including doing the legwork for you right through to settlement. We'll make sure you always get the best possible interest rate on your Home Loan and can even compare cash-back offers for you.
When looking at different Home Loan Options, it's important to understand some of the key loan attributes:
Principal and Interest: This is the most common type of Home Loan. With a principal and interest Home Loan, you not only pay the interest on the borrowed money but also a portion of the actual loan amount. It means you're slowly paying off the loan while also covering the interest.
Interest Only: 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 on.
Variable Rate: On the other hand, a variable rate Home Loan means the interest rate can change over time due to various factors like changes in the economy. While it might offer flexibility and potentially lower interest rates, it could also mean that your repayments may vary.
Fixed Rate: A fixed-rate Home Loan means the interest rate stays the same for a set period, often 1 to 5 years. It provides stability and predictability because your repayments won't change during this time, making it easier to budget.
We're a proud member of the Finance Brokers Association of Australia and have clients right across Australia. If you're looking to get a Home Loan, we have the expertise and experience to guide you through the process of finding the right Home Loan for your needs.
Michael was recommended to us by a family member, and our experience of working with him has been great too. He is very honest, knowledgeable and responsive. He was so helpful in explaining things and definitely made the process of securing our first mortgage and home easy. We have and continue to recommend Michael/Rainey Financial to others.
Kelsey Tindall
Michael helped us into our first home, maintaining a high level of contact and transparency through the process. Helping us successfully navigate a few self-induced hiccups along the way, we were grateful that we used not only a broker in general, but specifically Michael.
Mitch Lacey
Michael and his team were an absolute pleasure to work with. Pro-active and quick to respond, Rainey Financial helped to get us a great rate and removed a lot of the stress from the process. I highly recommend them to anyone looking to secure a home loan. Victor W
Victor Wroblewski
Have gone through Rainey Financial to refinance multiple times and have never had any issues with the team. Always have the time to go through questions we have and got us some really competitive rates. Will be using Rainey Financial again in the future and would highly reccommend.
Grant Deacon
Absolutely fantastic and thorough service! I wouldn't hesitate to recommend Michael to anyone.
Ben Cropley
THANKYOU!!! This process started off very daunting to me being a first home buyer. However, after talking to Daniel I instantly felt at ease. Every step of the way Daniel and Megan went above and beyond to explain each step of the process and give me estimated timeframes of what the next steps would be. If I was ever in doubt, they were both only a phone call away. I am truly grateful; I couldn’t recommend the team highly enough at Rainey Financial.
Lauren Murphy
We’re all unique when it comes to our finances and borrowing needs. Contact us today, we can help with calculations based on your circumstances
You can see us at any stage in your financial journey. You might still be saving for your first home, wishing to use the equity in your current one, or wondering if you’re still getting the right deal with your existing lender. You can make an obligation-free appointment with us at a time and place that suits you.
We will ask about your financial circumstances and objectives to find out what’s important to you in a home loan. For example, flexibility might be important because you plan to start a family or you may want ready access to equity for a rental property or renovations. Whatever your plans, we will research the market and recommend the right home loan to suit your needs. We always look for the right loan for you, not the lender.
This is a grant available to Australian citizens or permanent residents who wish to buy or build their first home, which will be their principal place of residence within 12 months of settlement. Contact us directly to find out more about eligibility requirements in your state and how much grant money you could receive.
Now is always a great time to shop around or check that you have the right loan for your needs. We’re a great starting point. It will depend what interest rate you’re currently paying, what type of home loan you have (e.g. fixed, variable, interest only, line of credit) and what features you want in your loan. We can quickly explain your options.
Go to our Repayment Calculator for an estimate. Because there so many different loan products, some with lower introductory rates, talk to us today about the deals currently available, we’ll work with you to find a loan set-up that’s right for you.
Depending on your loan, penalty fees could apply if you’re paying off your current mortgage early. But these may be offset by repayment savings when you switch home loans. We’ll walk you through any fees that could apply in your circumstances.
Most lenders offer flexible repayment options to suit your pay cycle. Aim for weekly or fortnightly repayments, instead of monthly, as you will make more payments in a year, which will shave dollars and time off your loan.
This is one of the reasons some people refinance. The advantage is that you pay a much lower interest rate on a mortgage than for most other forms of debt – e.g. credit cards, overdraft facilities, personal loans etc. Providing you have sufficient equity in your property, you may be able to consolidate all your debt on a home loan. If you take this option though it is important to make sure you maintain your repayments of the debt that you consolidate at their current level, or you could easily end up paying more over a longer period of time. Speak with us today to discuss your personal needs.
A mortgage broker is someone who shops around for the home loan that’s right for you. Whether you’re in the market for your first home or building a portfolio of investment properties, we have access to hundreds of loans from a host of Australia’s leading lenders.
Rainey Financial Pty Ltd ABN: 44 652 171 474. Credit Representative #1296045 is authorised under Australian Credit License #0000000
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.
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