Home Loans
Helping residents of Hobart and all areas of Tasmania get the right Home Loan to buy your First Home, Next Home or Dream Home
Rated 5 from 8 Reviews
Helping residents of Hobart and all areas of Tasmania get the right Home Loan to buy your First Home, Next Home or Dream Home
Rated 5 from 8 Reviews
When you're diving into the property market, navigating the waters of home loans can feel overwhelming. That's where Leviston Finance steps in, making the journey to owning your dream home smoother and far more accessible. We serve clients in Hobart and across all parts of Tasmania, offering expert guidance in the maze of home loan options.
At Leviston Finance, we understand that everyone's financial situation is unique, which is why we go above and beyond to secure the most favorable terms for our clients. Whether you're buying your first home, upgrading, or investing, our team of seasoned Home Finance & Mortgage Brokers can unlock access to a vast array of home loan options from a plethora of banks and lenders across Australia. This means you're not limited to a one-size-fits-all solution but rather a tailored plan designed to suit your individual needs.
Interest rates play a pivotal role in choosing the right home loan. Leviston Finance prides itself on securing competitive interest rate discounts, regardless of whether you're looking at a fixed interest rate home loan, which offers stability and predictability over your repayments, or variable home loan rates, which provide more flexibility. We also assist our clients in understanding the intricacies of lenders mortgage insurance (LMI), loan to value ratio (LVR), and how your credit history can influence your borrowing capacity.
Moreover, we simplify the application process. Applying for a home loan with Leviston Finance means you have a team committed to streamlining every step, from calculating your borrowing capacity and home loan repayments to gathering necessary documents like bank statements. Our expertise in the property market ensures we provide timely and informed advice, helping you navigate through stamp duty costs and the importance of home equity.
Choosing Leviston Finance also means you can get pre-approved for your home loan, a crucial step in today's competitive property market. Home Loan pre-approvals not only gives you a clear understanding of your budget but also help you understand your price range and which suburbs you might want to narrow your property search to include. Our insights into features like offset accounts can also save you thousands over the lifetime of your loan.
In essence, Leviston as your partner in the home buying journey offers a blend of personal service, a wide range of Home Loan options, competitive rates, and a streamlined application process. With us, you can confidently step into the property market, knowing you have a team of professionals dedicated to helping you secure the keys to your new home.
In 60 seconds, understand how much you can borrow to buy your dream home.
Get your Borrowing CapacityFor residents of Hobart and Tasmania, navigating the world of home loans can seem daunting at first glance. With various options available, it's essential to understand the basics before diving in. Here's a simplified guide to help you grasp the key types of home loans:
Owner Occupied Home Loans
Owner-occupied home loans are specifically designed for individuals who intend to live in the property they purchase. These loans typically offer lower interest rates compared to investment property loans. They are tailored to meet the needs of homeowners, providing options for repayment terms and features such as redraw facilities or offset accounts.
Interest Only Home Loans
Interest-only home loans allow borrowers to pay only the interest portion of the loan for a specified period, usually between one to five years. During this time, the principal amount remains unchanged. While this option may result in lower initial repayments, borrowers should be aware that they will eventually need to start paying off the principal, which could lead to higher repayments in the future.
Principal & Interest Home Loans
Principal and interest home loans require borrowers to make regular repayments that cover both the interest and a portion of the principal amount borrowed. Over time, as payments are made, the outstanding balance decreases until the loan is fully repaid. These loans are commonly chosen for long-term financing and provide borrowers with the security of knowing they are steadily reducing their debt.
Variable Rate Home Loans
Variable rate home loans have interest rates that can fluctuate over the life of the loan in response to changes in the official cash rate set by the Reserve Bank of Australia (RBA) or other market conditions. Borrowers may benefit from potential interest rate decreases but should also be prepared for the possibility of rate increases, which can affect their repayments.
Fixed Rate Home Loans
Fixed rate home loans offer borrowers the certainty of a set interest rate for a specified period, typically between one to five years. This means that monthly repayments remain consistent and unaffected by interest rate fluctuations during the fixed term. However, borrowers may miss out on potential savings if interest rates decrease during this period.
Bridging Loans
Bridging loans are temporary loans that enable borrowers to purchase a new property before selling their existing one. These loans bridge the finance gap between buying and selling, providing funds for the purchase of a new property while awaiting the sale of the current one. Bridging loans typically have higher interest rates and may involve additional fees, so borrowers should carefully consider their financial situation before opting for this type of loan.
Understanding these fundamental types of home loans can empower residents of Hobart and Tasmania to make informed decisions when it comes to financing their dream home. Before committing to any loan, speak with the team at Leviston Finance.
Initial Home Loan Appointment
Have a chat with one of our qualified Mortgage Brokers who will understand your situation and talk you through the next steps.
Home Loan Fact Find
We'll work with you to understand a bit more about your situation (including your financials, assets etc.) to make sure you will qualify for a loan.
Pre Approval
Once you're approved, you can start bidding or making offers on properties you want to purchase.
Settlement
You settle on the property, your Home Loan draws-down and you're good to go!
Book AppointmentJ
JaxsenJ
Bailey and the team at Leviston were able to set me up with the best rates for my first house, then after flipping and selling my first property i went back and was able to purchase my second, their knowledge and professionalism was a pleasure to watch unfold and i will be back once again when looking to buy my next property
WR
William Richardson
Working with Leviston Finance was one of the easiest, most stress free brokers to deal with! Fast responses, simple applications, and a welcoming attitude, I couldn’t recommend them more!
BM
Ben McKean
Great service!
Yes, we specialise and have extensive knowledge in complex lending and self-managed super fund (SMSF) loans. Some of our complex lending include:
Yes, getting a home loan through a mortgage broker like Leviston Finance is free to use as we are paid by the lender. Once the loan has been settled, we receive a commission for the lender for giving them business.
Even though we are paid by lenders, we're required by law to act in your best interest or we're in serious trouble. This is to ensure we are always working in your best interest, not the bank's.
Some personal loans and personal car finance may include fees, but this would be discussed beforehand.
Mortgage brokers arrange home loans between lenders and borrowers – people who are looking for a home loan. They discuss your home loan needs and goals, find home loan options to suit your situation and assist you through the application process. A mortgage broker works with multiple lenders which means they can find you the best deal that fits your personal and financial needs with a competitive interest rate.
Mortgage brokers like Leviston Finance offer a wide range of financial services. Some of the services we offer include:
The main difference between a mortgage broker and a bank is that banks can only offer their own products, while mortgage brokers can present multiple mortgage options.
When you apply for a mortgage with a bank, you're dealing directly with that bank. On the other hand, a mortgage broker works with over 40 lenders saving you time comparing every lender yourself. This means they can often find you a lower interest rate and a better deal suited to your needs, which could end up saving you $1000’s on your loan.
The amount you can borrow and the deposit required depends on several factors including how much you earn, how much the property you want to purchase is worth and the individual lender policies.
Most people think you need at least a 20% deposit to buy a home. However, this isn’t always true as we have lenders who can even lend you your initial deposit and up to 97% of the property price. We don’t guarantee that everyone will qualify but it is important to know that there are many options when looking for a home loan.
If you want to find out how much you can borrow, you can use our borrowing calculator or contact us today to find out.
Leviston Finance Pty Ltd ABN: 89 668 760 941. Credit Representative 550808, authorised under Australian Credit Licence 389087.
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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