Get a lower rate and save!
Are you looking to purchase or refinance?
What You Get
Lowest Rate with the Most Cashback (upto A$5000), Borrow up to 95% and Pay No LMI
Strong Borrowing Power to Buy more properties
Reliable Services with High Approval Rates, Get a Loan amount you wanted with fast and smooth approval
If Your occupation is in our advertised list and the Minimum Loan is $550k, we will rebate the annual fees and the loan fees if applicable
Today's Interest Rate
OWNER OCCUPIER
FROM 5.54%
INVESTMENT
FROM 5.79%
About Us
Best Mortgage Rates has been established since 2015 to provide loan solutions to our clients, from first home buyers to sophisticated investors. As an established mortgage broker company, we have an in-depth understanding of current market conditions and home loan trends to ensure the best result for our clients.
Best Mortgage Rates’ goal is to help clients save money on their mortgage and pay off their home loans faster. With access to over 50 lenders, we can offer you more loan options than just one bank.
Our services include Refinancing, First Home Loan, Investment Loan, Commercial Loan, Vehicle and Asset Finance and Personal Loan.
Best Mortgage Rates Pty Ltd is an authorised credit representative 476238 of Australian Credit License Number 383640 and ABN is 16 605 487 894.
Get in touch today
First Home Loan
From scrimping every last dollar to save for the deposit to signing the contract of sale, there’s nothing more exciting (and stressful) than buying your first home. Buying a home is the most important decision in your life, and choosing your home loan is as important as choosing the property itself, but do not be intimidated by all the options available. While home loans come in all shapes and sizes, with each lender offering something different, partnering with a mortgage broker company like Best Mortgage Rates can make all the difference.
At Best Mortgage Rates, we help first home buyers prepare themselves for the property market by guiding you through the complete home loan process, including First Home Owner’s Grant. Think of us as the middleman between you and the lender, doing all the heavy lifting, from sifting through a stack of home loan options to getting your application in tip-top shape for approval.
With access to over 50 lenders, including major banks and non-bank lenders, our team of Sydney mortgage brokers can ensure you receive the most competitive offer based on your financial circumstances. We’ll sit down with you to craft an overview of your financial profile, including your budget and borrowing requirements, to ensure you receive the best solution for your needs.
If you’re a first home buyer looking for home loan financing, contact our team today to discuss your options.
Our Difference
Your home loan is something you’ll be working with for a long time, so getting it right is crucial. With access to over 50 lenders, our team can help customers borrow up to 99.9% of a property value, including lender’s mortgage insurance (LMI). This type of insurance policy is typically charged to borrowers with a deposit of less than 20%, safeguarding the lender against the risk of non-payment.
Having access to up to 99.9% of the property’s value opens a wealth of opportunities for first time buyers. This approach allows us to help those with limited funds for the deposit and costs associated with buying a property, such as stamp duty and legal fees.
First Home Owners Grant
One major benefit of being a first time home buyer is having access to a range of government grants and incentives that can simplify the home buying process. For instance, you might be able to apply for the First Home Owner Grant, which helps Australians to get the funds they need to buy, or build their first home.
For more information about the First Home Owner Grant, from what it is, to the eligibility criteria, what the differences are in each state, how much you could receive, and when the grant gets paid, we have included helpful links in the dropdown below.
If you would like more information on how a Best Mortgage Rates Sydney mortgage broker can help you, contact us today!
If you’re a first home buyer and you’re buying or building a new home, you may qualify for a $10,000 grant under the NSW First Home Owner Grant (New Homes) scheme if you purchase date was on or after 1 January 2016.
You can make a claim for the First Home Owner Grant if your:
- newly constructed home or a substantially renovated home has a total value less than $600,000
- land for building and any dwelling you intend to build has a combined value less than $750,000
To receive the grant when you buy your home:
- you must be an individual, not a company or trust
- you must be over 18
- you, or at least one person you’re buying with, must be an Australian citizen or permanent resident
- your purchase date must be on or after 1 January 2016.
Generally, you won’t be eligible for the First Home Owner Grant if you or your spouse:
- have previously owned or co-owned a home in Australia or
- have received an Australian first home owner grant.
You may still be eligible if you purchased a residential property after 1 July 2000 and didn’t live in it for more than six continuous months.
You or one of the other first home buyers who purchase with must move into the new home within 12 months after buying the property, and live there for at least six continuous months.
If you’re buying land and building a new home, you must move in within 12 months after construction is complete.
If you’re a member of the Australian Defence Force you may be exempt from the six-month residence requirement, provided all buyers are on the New South Wales electoral roll.
If you’re buying an existing home, you can apply for the grant if:
- this is the first time the house has been sold and
- the house has never been lived in before you move in, including by the builder or a tenant.
Your home is also considered new if it has been substantially renovated before you buy it. You might be eligible for the grant if:
- most or all of the house was removed or replaced
- this is the first time the home has been sold after those renovations
- it hasn’t been lived in since being renovated, including by the builder or a tenant.
Refinancing your loan
Do you know the interest rate you are being charged on your mortgage? Have you stopped to consider how it compares to the current interest rate on similar products? If it’s been a while since you last looked at your mortgage offering, it may be time to consider refinancing.
Refinancing involves switching out your old home loan with a new one. While it’s easier said than done, refinancing your loan could give you access to a more competitive interest rate, especially if you have had a home loan for a few years. This could mean lowering your repayments and, more importantly, your total interest paid.
Over the years, interest rates have changed dramatically, meaning if you play your cards right, you could switch to a better deal.
We have listed a few reasons why people refinance below.
Reasons why you may refinance
If you’ve had a home loan for a few years now, it’s safe to assume your life has changed in that time. You may have started a new job, received a promotion, or gone through significant life changes such as getting married or having your first child. You may be in a better financial position, and your home loan should reflect that.
Equally, you might be near the end of a fixed rate term or interest only period, so now is a great time to find out what your options are. This is especially important to do, as once the fixed interest rate period ends, the rate may revert to the lender’s standard variable rate, which could be a lot higher than what you’re used to paying.
Looking to invest in property?
If you are a property investor, finding a competitive investment loan is an important part of maximising returns from your investment. As an investor, it’s ideal to keep costs as low as possible wherever possible, including your investment loan. That’s where the team at Best Mortgage Rates comes in.
As an investor, you have the option to choose between a variable rate and a fixed rate home loan. Choosing between a variable rate and a fixed loan rate will depend on your investment strategy, so it’s important to compare the two to distinguish which one will suit you better. As experienced mortgage brokers in Sydney, we can help you determine the best course of action for your circumstances and investment strategy.
With the help from our team, you can shop around for a good investment loan from over 50 different lenders before selecting the one that works best for you and your future goals.
For more information on investment loans or to kickstart your journey to unveiling the perfect investment loan for you, contact our team today.
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