WELCOME TO POWER HOME LOANS

Power Home Loan provides the most reasonable loan service in Sydney by comparing hundreds of home loans. We use unique resources, over 10 years experience and proficient approach to help our customers find the right one for their needs. It doesn't matter if you are an property investor or buyer or first time purchaser or updating.

 

Power Home Loans is the best choice for those customers who are looking for a swift, convenient and efficient way to obtain the best interest rate and loan term. You will receive the best quality service with minimum payable interest. In Power Home Loans, we supply customers with a various products including first mortgages, fixed and variable loans and many more.

 

Power Home Loans, since its establishment, has helped thousands of individuals including overseas applicants successfully apply to the most appropriate loan products. Our loan consultants provide services seven days a week, so, if you have any queries, please fell free to contact us. Our dedicated service, along with a variety of loan products offered by lenders will help you achieve and realize your estate dream.

 

Power Home Loans, your number 1 choice!

TODAY'S RATES

AND AVAILABLE LOAN PROGRAMS

3.74%

2 YEARS FIXED

Comparison Rate 5.12%

3.73%

VARIABLE RATE

Comparison Rate 3.75%

3.74%

3 YEARS FIXED

Comparison Rate 4.70%

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CREDIT PROBLEMS?

Q1: If I had a credit default before, can I also go through with the loan approval? 
A1: Whether you can go through with the loan approval is based on the type of default, the recorder, the amount of defaults and your repayments.


Q2: How much do I need to have deposit to obtain the loan approval? 
A2: It is generally better to have at least a 5% of the purchase price deposited.

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COMMON SENSE

Austalia first introduced subsidy policy for the first time home buyers in July 2000, which aims to offset the impact of taxes on the purchase. Although this plan was different in different parts of Australia, it can usually provide a one-time subsidy of up to $15,000 for funding and management to meet the requirements of first-time buyers. The resulting first-time buyers' subsidy depends on their place in Australia as well as time of purchase, due to the constant change of approval requirements. 

We deal with over 30 mortgage providers to help you find the home loan that best suits your needs.

  • We complete all the necessary documentation for you.
  • We run you through all other costs involved like stamp duty, conveyancing fees and bank fees.
  • We can help you apply for the First Home Buyer’s Grant if you are eligible.
  • If you haven’t yet found the home of your dreams, we can get pre-approval for you, so you’ll have the peace of mind of knowing exactly how much you can borrow.

To speed up your loan process, it’s a good idea to bring the following to your first meeting:

  • Payslip or proof of income
  • Current bank statements
  • Your passport and driver’s licence (ID) or birth certificate
  • Tax returns or tax assessment notice
  • Copies of recent statements for other credit facilities such as credit cards or other loans

5 Steps to Buying Your First Home

  1. Finding the right loan
  2. Search for your dream home
  3. Making an offer
  4. Purchase your dream home
  5. Moving in

 

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GREAT CREDIT

Q1: Do I need mortgage insurance? 
A1: If your loan amount is below or equivalent to 80% of the value of the property, mortgage insurance is not necessary.


Q2: How much money can I afford?
A2: There are many factors contributing to how much money you can afford, including: 

  • The income of individual(s) the house's name will be under
  • Your expenses and lifestyle
  • Your budget

You may borrow as much as you can, however, if you bought the right house, but can't afford other things you really need, it is not worth it. 
Our mortgage repayment calculator can help you, according to today's interest rate; estimate the payment amount you need. 
Our mortgage intermediary will help you assemble your budget and confirm what your ideal loan amount is. 

WE ARE PROUD TO PARTNER WITH