About Us
We’re here to solve the challenges for home buyers, builders, renovators, and investors on their journey forward.
Our Story
Smooth Home Loans is a leading mortgage broker in Sydney. If you’re searching for a reliable and knowledgeable mortgage professional in Sydney, you’ve come to the right place.
Our team of expert Sydney mortgage brokers are dedicated to helping you navigate the complex world of mortgages, ensuring you secure the best loan options tailored to your unique needs and financial goals. With our personalised service, extensive market knowledge, and access to a wide network of lenders, we’re committed to making your mortgage journey smooth and successful.
Our Loans
Whether it’s your first or next home purchase, we’re here for you. You’ll speak directly to an Australian-based expert, paired with a dedicated lending and support specialist, streamlining your experience without repetitive queries.
Bridging Loans
Insurance, Car Loans
Commercial Loans
Construction Loans
Debt Consolidation
Equity Release
Family Guarantor Home Loans
First Home Buyers
Home and Content Insurance
Land Purchase
Landlord Insurance
Loan Cover Insurance
Personal Loans
Pre-Approvals
Property Investment
Refinancing for a better deal
Refinancing to move home
Small Business Loan (Vehicles/Equipment)
A mortgage broker acts as an intermediary between borrowers and lenders. They help borrowers find suitable loan options, compare offers, and navigate the mortgage application process.
Yes, a mortgage broker can still assist you even if you have a low credit score. While a lower credit score may limit your loan options, Smooth Home Loans mortgage brokers have experience working with clients with various credit profiles. We’ll assess your situation, provide guidance on improving your creditworthiness, and connect you with lenders who may consider offering loan options suitable for your circumstances.
Yes, self-employed individuals and freelancers can benefit from the expertise of our mortgage brokers. We understand the unique financial challenges faced by self-employed borrowers and can help you navigate the lending landscape to find lenders who may consider your income structure.
In almost all scenarios you are not required to pay a fee for our services. Instead, we’re paid a commission by the lender you choose.
Generally, yes. You can add the stamp duty expense on to the principal amount of your loan. The stamp duty will be paid out of the cash you use as a down-payment on your loan. The amount of stamp duty you owe varies by state and by the value of your home.
Yes. You can use the equity in your current property to help you purchase an investment property. Even if you have a mortgage on the property, you will likely have enough equity to purchase an investment property. Equity is the value of the difference between what your property is worth and what your mortgage loan is. For example, if you have a property valued at $900,000 with a mortgage of $700,000, you have $200,000 worth of equity. You may be able to borrow up to a certain percent of the equity to use toward investing in another property. Your home equity and anticipated rental income can help you buy another investment property sooner. Below is an example of how an equity home loan with an interest-only line of credit facility uses capitalised interest as an investment strategy: If you currently have a home loan for $300,000 and your house is worth $550,000 you will have equity of $250,000 which you can use toward the purchase of your investment property. To avoid Lenders Mortgage Insurance (LMI) you will want to keep your Loan to Value Ratio below 80%. Therefore 80% of $550,000 equates to $440,000, less the $300,000 you currently owe leaves you with $140,000 to put toward your investment property.
The mortgage registration fee varies from state to state. Generally, mortgage registration fees can be found on each state’s or territory’s website. If I am unemployed but have rental income is there any way to get a home loan? If rental income is your only source of income, it is likely that a lender will require an additional source of income. Simply being unemployed does not disqualify you from obtaining a mortgage. Having income from rental property will help make qualifying for a mortgage a bit easier.
This means that a quick check on your serviceability of a loan has been done and it is calculated that you should be able to make mortgage repayments on the amount you have been pre approved for. However, it is not binding and cannot be used to make an offer on a property. It is important to get a full or unconditional approval before proceeding with any property purchase. This involves completing a home loan application and providing all the necessary supporting documentation
Smooth Home Loans will review your situation and talk with you about why you’ve missed making payments. Generally, having one or two missed payments won’t prevent you from getting refinancing. It will likely keep you from qualifying for the most favourable rates and terms though.
Lender’s Mortgage Insurance, as the name states, protects the Lender not you as the borrower. Lender’s Mortgage Insurance (LMI) is a once off fee that normally applies to loans where the customer is borrowing more than 80% of the purchase price. LMI is scaled depending on the percentage you need to borrow (between 80 – 100%) and the amount of the loan (ie, $650,000). LMI can start from $800 and range up to nearly 4% of the loan amount. You have two options to pay this fee.
- You can pay it upfront on settlement of the loan.
- Some lenders allow you to capitalise the cost of your LMI, meaning that they will add this figure to your loan amount. For example, if you are borrowing $650,000, your LMI may work out to be $7000. You would actually increase your loan amount to now borrow $657,000 ($650,000 + $7,000).
Unlike banks that offer their own loan products, mortgage brokers have access to a wide panel of lenders. This allows them to compare loan options from different lenders and find the best fit for their clients’ needs.
For the initial consultation, it’s helpful to bring relevant financial documents, such as pay slips, tax returns, bank statements, and identification documents. This information will assist our mortgage brokers in assessing your financial situation and recommending appropriate loan options.
Selecting the right loan product can be overwhelming with numerous options available. Our mortgage brokers will carefully assess your financial situation, goals, and preferences to recommend loan products that best align with your needs. We’ll explain the features, benefits, and potential risks of each option, empowering you to make an informed decision.
Some of the costs you’d expect to pay include discharge, application and settlement fees so you need to be sure the long-term savings outweigh the upfront cost. To find out how much you can save by refinancing your loan, give us a call.
Most home loan repayments are calculated on a 30-year repayment term. A Principal and Interest repayment (P&I) is where the principal and the interest are repaid together throughout a loan’s term. Whereas an ‘interest only’ (I/O) loan allows you to pay only the interest on the loan for a certain period.
For tax reasons, I/O is the preferred method of repayment on an investment loan and P&I for owner occupied loans. However, you can get either repayment option on both types of loans. So, if you opt for an I/O term of 5 years, at the beginning of the 6th year, your P&I repayment will be higher than if you had just left your loan P&I from the start – as you now only have 25 years to pay down the principal.
Generally speaking, a deposit of 20% of the value of the property will save you from incurring additional fees such as Lenders Mortgage Insurance. Some lenders will let you borrow up to 95% of the purchase price and then let you borrow the cost of the Lenders Mortgage Insurance on top of that. Alternatively, if you don’t have a deposit, you can borrow up to 100% of the property’s purchase price, in two ways:
- Family Pledge: which means that a family member offers their property as security for you to purchase your property.
- 100% House and Land packages: allow you to borrow up to 100% of the price of the brand new home and land.
Smooth Home Loans will review your situation and talk with you about why you’ve missed making payments. Generally, having one or two missed payments won’t prevent you from getting refinancing. It will likely keep you from qualifying for the most favourable rates and terms though.
A bridging loan is a shorter-term loan. It is typically needed when you are selling one property and purchasing another one. It is also used when you are waiting for the arrangement of longer-term financing.
A mortgage offset account can reduce interest on your loan. Your mortgage is linked to an account into which your salary and other cash can be deposited. You can then withdraw the funds to pay your bills. For example, if you have a loan of $300,000 and have $10,000 in your offset account, the amount of interest you pay will be calculated on only $290,000 ($300,000 – $10,000). Use these savings for another deposit instead of paying off your current mortgage. Extra Repayments/Redraw Facility You can make extra repayments and create a ‘kitty’ for times when you have unexpected expenses such as plumbing or electrical repairs or for when you’re not receiving a rental income. Some loans with this feature allow you to skip a mortgage repayment as long as you have enough funds in credit to cover that mortgage repayment.
Why choose Smooth Home Loans?
Australian based
Seek support from our friendly Australian-based lending specialists.
Flexible options
Exploring offset savings or extra repayments? Our diverse loan features fit your needs.
Low interest rates
As an online lender with lower overheads, we pass on savings to you, our customers.