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Mortgage Providers are an Australian owned and operated broker specialising in all types of Mortgage and Home Loan lending. Some of our brokers have been ranked in the top 100 brokers in Australia.
Our specialities include Home loans, Low Doc Loans, Commercial Loans, LVR Home Loans, Vacant Land Loans, and Discounting the Cost of Lenders Mortgage Insurance.
All our brokers are registered credit representatives, and we hold an Australian Credit license(ACL). We are also full member of the MFAA.
At Mortgage Providers we have access to a wide variety of different home loan types. We also specialize in specific niche types which makes us stand out from other brokers. Our brokers are ranked in the top 100 brokers in Australia by MPA magazine and Macquarie Bank.
Our specialities include but are not limited to: *Professional packages, *Refinance home loans, *Low doc loans, *LMI Discounted Loans, *Waive LMI loans, *Probation home loans, *Fixed rate home loans, *Guarantor home loans.
Commercial loans: Commercial loans have many similarities to business loans, but are secured by a commercial or industrial property using bank bills. These loans are for either the purchase or refinance of commercial or industrial property. Commercial and industrial properties make up approximately 20% of most banks' lending portfolio.
By Appointment, Flexible Hours, Open Evenings, Open Monday - Friday
Honeymoons
Business Financing, Debt Consolidation, First Home Grants, Mortgage Reduction, Refinancing, Reviews
Banks, Bridging Finance, Building Loans, Cash Back, Construction, Developments, Equity Loans, Fixed Rate, Home Loans, Investments, Land, Land Loans, Line of Credit, Loans, Low Documentation, No Documentation, Non-bank, Non-Conforming Loans, Offset, Owner Occupied, Pre-approvals, Reverse Mortgages, Rural, Self Employed, Variable
ANZ, Bank West, Citibank, Colonial First State, Commonwealth Bank, Credit Unions, Homeside Lending, ING, NAB, RAMS, St George, Westpac
Mobile Lending, Wealth Creation
Accredited, After Hours Service, Australian Owned, Certified, Chartered, Financing, Free Consultations, Free Service, Guaranteed, Hire Purchase, Leasing, Licensed, Mobile Service, Monthly Payments, Office Visits, Owner Operated, Redraw Facility, Registered
No Deposit
Commercial, Industrial, Investors, Residential
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You can get a 90% LVR home loan approved even if you were on probation. This type of loan is only found with a very small number of lenders and must be submitted correctly upfront to improve its chance of approval.
You can borrow the mortgage insurance on top of a 90% LVR home loan. This can bring the total LVR to approximately 92% LVR on completion. In most cases we call this capitalising the LMI.
You can refinance and consolidate other debts using a 90% LVR home loan. Most lenders will allow this provided that the debts being refinanced are conducted satisfactorily, the property is suitable security, and the borrower can demonstrate affordability.
You cannot get a 90% LVR home loan using low doc home loan policy with any lender in Australia in 2012.
There are two lenders who will allow a risk fee charge instead of LMI for a 90% LVR home loan. This risk fee is generally 30-40% cheaper than normal LMI, and the borrower must satisfy the lender's criteria to allow this to happen.
If you had bad credit you can still get a 90% LVR home loan. It's best noted that not all lenders will accept a 90% LVR home loan if you had bad credit. Most lenders who will do a home loan at 90% LVR are generally non conforming lenders who specialize in bad credit. However, there is a very small number of normal lenders who will consider lending you at 90% LVR if the bad credit history is minor and can be adequately explained.
With most lenders, you will not pay a higher rate for a 90% LVR home loan. Therefore you will get a normal rate just like any other loan with same interest rates. There are a small number of lenders who offer very small interest rate discounts to loans which are under 90%. This is not very common though as most lenders price these loans the same as normal loans.
Buying a property at 90% LVR does not necessarily mean you will pay extra fees or interest. A 90% LVR home loan is generally priced the same as a normal loan with little or no fees, and the only real additional cost is usually Lenders Mortgage Insurance. The Lenders Mortgage Insurance or LMI cost is paid by the borrower and protects the bank against potential loss as a result of value loss from the property should the borrower default and the lender forecloses on him.
You do not need genuine savings when buying a property at 90% LVR. However, most lenders will ask you to have genuine savings at 90% LVR, there are a few lenders who will not ask and will approve this loan for no genuine savings.
You can borrow using any of the following names for a 90% LVR home loan: *Personal name, *Company name, *All Trust type names, *Partnership name, *Business name. At Mortgage Providers, our staff have access to the latest updates knowing where the cheapest and most flexible 90% LVR home loans are. We can guide you through what each lender offers and how that offer will translate to you in real language and dollar terms.