Fast home loan approvals

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How much can we borrow?
At a time when interest rates are rising it's important to reduce your payments by consolidating your debts into a lower repayment loan if you can. Take the 60 second home loan challenge and speak with one of our Australia wide industry accredited mortgage professionals.
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Avoid Mortgage Stress?
High rates and higher living cost can often bring on mortgage stress. Mortgage stress is when more than 35% of your earnings are being spent on your mortgage payments. Often the solution is to either lower your mortgage interest rate or consolidate some higher interest debts both of which may reduce your mortgage payments.
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Behind with your mortgage?
If you've fallen behind in your mortgage payments the trick is to act quickly to find a solution. Despite the financial climate there are lenders who are sympathetic to those who are experiencing problems. There are home loans for people who have credit defaults or are behind in the mortgage payments.
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Mortgage Calculators?
My Home Loan Approval's free home loan calculators will also allow you to compare home loans and save on interest payments. Learn what your repayments will be. Considering a Reverse Mortgage? Check out the Reverse Mortgage calculator. Mortgage calculators give you a great way to answer those key questions:- How much can I borrow? What will my repayments be? Our mortgage calculators will also allow you to see how much you’d save my making extra payments and what happens when you make a lump sum payment.

Second (2nd) Mortgage

There are often times when you may need a real estate secured loan for a short time.

A second (2nd) mortgage is on top of an existing mortgage and most times the first mortgage holder will need to give consent. This formal process requires the first mortgage holder to issue a “Deed of Priority”.

In a Deed of Priority the first mortgage holder will set the maximum amount they may claim against the security property in the event of a forced sale. For example if the first mortgage was $400,000 a first mortgage holder may add to that several months interest and anticipated costs. This could mean that the Deed of Priority could be for say $450,000.

In this case the 2nd mortgage lenders security wouldn’t start until $450,000 and this may have impact on the borrowers ability to borrow the amount they need.