Special Packages & LMI Waivers
Depending on the industry you work in, there are often special packages and incentives on offer to help you purchase your property sooner.
Rated 5 from 14 Reviews
Work in a specialised role?
View offers
Rated 5 from 14 Reviews
At Mondo Mortgages, we understand the excitement and challenges of buying your first home in Australia. As dedicated Mortgage Brokers, we aim to simplify the process and open pathways to homeownership by offering tailored solutions like no Lenders Mortgage Insurance (LMI) loans. LMI is often required when the loan to value ratio (LVR) exceeds 80%, but some lenders provide exemptions, which can significantly reduce initial costs for eligible professions such as doctors, lawyers, engineers, and accountants. Our expertise spans diverse Home Loan options, enabling you to navigate the market confidently.
One of the main hurdles in acquiring a home loan is the one-off insurance payment known as LMI. This insurance premium covers the risk taken by lenders when extending loans above 80% LVR. Typically, borrowers can choose to pay upfront or include this insurance premium in the loan amount. At Mondo Mortgages, we help you explore scenarios where you might avoid LMI altogether through professional waivers, discounted offers, or by exploring Home Loan options with specific banks and lenders across Australia. Understanding your profession and financial situation is pivotal to leverage these benefits.
When it comes to buying a home, many first-time buyers are not fully aware of the discounts or special LMI offers that some institutions provide. By working with Mondo Mortgages, you gain access to special waivers for professions that qualify, alongside competitive interest rate discounts tailored to your situation. We ensure you are informed every step of the way, from the application process to calculating home loan repayments, taking into account variables like loan amount, credit history, and loan to value ratio.
Navigating the property market, especially for first-time buyers in the suburb, can be complex, but our comprehensive approach ensures clarity and confidence. Our Mortgage Brokers focus on streamlining the home loan application process, providing insights on options between fixed interest rates and variable home loan rates to suit your financial circumstances. Whether you are opting for a fixed interest rate home loan or prefer the flexibility of variable home loan rates, Mondo Mortgages offers valuable guidance to help you secure your dream home. Moreover, you can set up features like an offset account or get pre-approved to increase your borrowing capacity and ease the home-buying journey.
As you apply for a home loan, thorough preparation is crucial. This includes getting familiar with aspects like Home Loan interest rate, bank statements, and your overall financial situation. At Mondo Mortgages, we assist you in assembling the right documentation and understanding your borrowing power. With our expertise, you can confidently advance to the Home Loan pre-approval stage, putting you in a favourable position when bidding on properties in the suburb.
At Mondo Mortgages, our commitment extends beyond helping you understand no LMI loans; we aim to make the dream of owning a home in the suburb a reality. Through tailored advice and access to a broad array of Home Loan Rates and options, we position you to take the next step with assurance. If you’re ready to start your home buying journey, or wish to learn more about how no LMI loans could benefit you, reach out to our team. Let us help you make the most of the opportunities available in the suburb and turn the keys to your new home.
Your journey starts with a friendly chat with one of our qualified Finance & Mortgage Brokers. We take the time to understand your situation, including any special policies or offers you might be eligible for. We’ll also walk you through different Home Loan types and loan options from lenders across Australia and outline the next steps in the process.
We’ll work together to get a clear picture of your financial position - your income, assets, and credit history - so we can determine your borrowing power. We’ll also review your bank statements and other relevant documents to recommend the best lenders and Home Loan products for you.
We will help you set an appropriate price limit and Home Loan amount, look at interest rates (both variable and fixed), and potential interest rate discounts. We also explain the importance of loan-to-value ratios (LVR) and help minimise any lender’s mortgage insurance (LMI) that may be applicable. When all this is done we’ll get your Home Loan Pre-Approval in place, so you can confidently start bidding or making offers on properties.
When settlement takes place, you get the keys to your new property and your new Home Loan will be drawn down. We will be with you throughout and will coordinate the settlement process with your lender and conveyancer. Moving forward, we’ll be there to assist with any questions you have about your loan and to conduct reviews at regular intervals to make sure your loan remains competitive.
JE
Jenny Elizabeth
Sean is friendly, kind and generous with his knowledge and time. He has strong professional relationships with all the lenders and was able to get us a an excellent mortgage set up, despite me being on maternity leave.
ND
Nate D
Mondo Mortgages mad a complex arrangement much easier. Through thorough communication Mondo Mortgages guided us through every step. I particularly appreciated being guided and advised all options that were available to us during the purchase of our home. And have a trusted and reliable contact was invaluable. I highly recommend them. Thank You
EC
Ed Commander
Sean and the Mondo team were absolutely fantastic - and not the first time he has helped us secure the best mortgage deal for us! His advice was valuable, and we are so grateful we took it. Communication is excellent; we always knew what ...
Mortgage Brokers are there to help you find the right loan whether it be from the major banks, smaller lenders or other sources. We have a broad range of products (more than any single lender can offer) which means we can do all the legwork to find the right loan for you.
We take look at a wide range of products available from Banks, Credit Unions & other lenders across the country. This means we can search thousands of products and make sure we're always recommending the best Home Loans for our clients.
We can help with Home and Investment Loans, Construction Loans, Car Loans, Personal Loans and much more. If you're looking to borrow to buy something, we can probably help.
Of course! We believe that we can find the best interest rate for you to refinance to, whether it's a Home Loan or Investment Loan.
We love helping First Home Buyers! We're experts at the entire process and can help you get the right Home Loan. We're also across the various schemes to help First Home Buyers such as the First Home Owners Grant and the various stamp duty exemptions available.
All of our Mortgage Brokers are accredited and members of the Mortgage and Finance Association of Australia. They are extremely professional and provide exceptional service across a range of lending options.
Yello Brick Pty. Limited ABN: 63096397867. Credit Representative #371052 is authorised under Australian Credit License #387856.
Disclaimer: 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.
Site by Broker Studio