We evaluate your unique financial situation and borrowing capacity to match you with the right lenders.
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We evaluate your unique financial situation and borrowing capacity to match you with the right lenders.
Our team customises loan options based on your goals, whether you’re buying, investing, or refinancing.
We handle the paperwork, simplify the process, and ensure every detail is taken care of for a stress-free experience.
Even after approval, we provide continuous support, from rate reviews to future refinancing opportunities.
At Everrich Finance, we make your journey to homeownership easier by offering personalised home loan solutions tailored to your unique needs. Our trusted advisors navigate through complex lending policies, securing competitive rates for home loans in Melbourne and ensuring a coordinated, well supported experience from start to finish.
Variable rate loans interest rate fluctuates with market conditions, which means your repayments can increase or decrease over time. If you need flexibility, we recommend to go with this option. Variable rate loans allows to make additional payments without being penalized, which helps you pay off the loan sooner than later and reduces your total interest payable. Variable loans will give you more control over your money because they frequently include features like offset accounts and redraw options.
Split-rate loans allow you to choose a portion of your loan to be fixed and the remaining portion to be variable. This means part of your loan has the stability of a fixed rate, while the other part takes advantage of the flexibility of a variable loan. This loan gives you the key features of both worlds giving you certainty in repayment and also flexibility in repayment so you can pay down the loan sooner.
Offset facility is like a saving account linked to your loan. Instead of earning you interest like a saving account. The interest is offset against the total interest that you would have paid on your loan. By helping reduce interest payable on your loan it helps pay down your loan sooner (interest is calculated on the remaining loan amount less the funds sitting in offset). We recommend this type of loan to reduce interest costs while maintaining easy access to your savings.
Your borrowing capacity depends on factors like your income, existing debts, credit history, and deposit size. Most lenders require a minimum 5-20% deposit, but the exact amount will depend on your financial situation and the type of loan you’re applying for.
Common documents include proof of income (like payslips or tax returns), identification, details of current assets and liabilities, and a credit report. If applying through a trust, you’ll need a certified copy of the trust deed and related financial documents.
Lenders assess your income, credit history, existing financial commitments, and the property value. They also consider factors like your employment status, living expenses, and the type of loan you’re applying for.
There are various loan options, including variable-rate loans, fixed-rate loans, interest-only loans, and loans through trusts or SMSFs (Self-Managed Super Funds). The right choice depends on your financial goals and repayment preferences.
Most lenders require at least a 5-20% deposit. However, additional costs such as stamp duty, legal fees, and Lenders Mortgage Insurance (LMI) may apply if your deposit is less than 20%.
A mortgage broker can simplify the loan process by comparing lenders, tailoring solutions to your needs, and securing competitive rates. Our expert advice helps you navigate the loan application process with ease—and our services are completely free.
James provides open and honest advice. He values long term relationship and will tell you what you need to hear even if that may be against his own interest in…
I would give 6/5 stars if possible! Murray came highly recommended to me by a close friend and I have since recommended Murray to our friends and family. His hard…
Purchasing my first property would not have been possible without the help of Murray at Everrich Finance. He was extremely thorough in every step of the application process and always…
Murray came to us as a recommendation from a friend and I could not speak more highly of the experience we’ve had with him. We have spoken to Murray on…
Murray and James are amazing operators. They are extremely knowledgeable on loan products for all scenarios and they have the hard work and dedication to match. The quality of service…
Murray was recommended by a friend and I’m so happy he was! He listened to exactly what my needs were when looking to purchase my first home and he certainly…
Unsure if you qualify? Let us assess your situation and explore the financing options available to you so that you get the most favourable interest rate you deserve for your credit profile.
