Equity in a property is the difference between its market value and the outstanding loan balance owed on it. For example, if the property value is $800,000 with a $500,000 loan, then the home equity amount is $300,000.

Home Loans

If you’re looking to buy your next home, our team of mortgage experts can find you the perfect home loan.

Free Assessment

Your Local Home Loan Experts

Whether you're a first-time home buyer, upgrading to a larger home, or wanting to apply for pre-approval, our home loan brokers will guide you every step of the way. We handle all the paperwork and communication with the bank on your behalf, so you can focus on finding the perfect home.

Your home loan mortgage broker will take the time to understand your situation and provide you with three different home loan recommendations to choose from. We can also calculate how much deposit you'll need, how much you're able to borrow, and what your likely principal and interest repayments will be.

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Find your Perfect Home Loan Solution

Let's discuss your home loan needs. We’re here to help.

Looking to upsize?

If you're considering upgrading to a new home but don’t have the necessary funds for a deposit, then there might be a solution. By taking out equity in your current home, you can potentially use this as a deposit for your new property.

Our team of experts can advise if this is a suitable strategy for your situation, or whether you’ll need to sell your current property before upgrading. Depending on your borrowing power, you might even be able to keep your original home as an investment property!

Home Loan Pre-Approval

If you’re looking to buy a new home sometime soon, it’s highly recommended to apply for a pre-approval. A home loan pre-approval is a written confirmation from a bank stating how much money they are willing to lend you.

Home loan pre-approvals help you understand your budget, boost your confidence, and give you power when negotiating a property purchase. Our home loan specialists always ensure the process is as fast as possible, so you can start putting in offers on properties sooner.

Apply for Pre-Approval Today!

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Why Choose Us

Benefits of Choosing Deltos Finance

Extensive market knowledge

We know about the best home loan interest rates, cash back offers, and approval times from the 40+ lenders we work with.

We do the hard work

Our brokers will save you time and effort. We shortlist the best lenders who can approve your home loan, and fully complete your application from submission to settlement.

Power to negotiate

We can compare home loans and negotiate better terms on your behalf. We frequently get lenders to waive certain fees and charges, or reduce their advertised interest rates.

High quality outcomes

Our brokers do an internal assessment before lodging your home loan application, greatly increasing your chances of approval.

Loan structuring

With the right loan structure you can optimise your borrowing power, cash flow, and pay off your home loan sooner.

Free service

Our service is 100% free of charge, as we get paid directly by the lender.

Free Home Loan Assessment

Speak to an Home Loan Brokers in Hobart

Make sure you get the best home loan advice.
Call us today on 1300 435 050 or email [email protected].

FAQs

Frequently Asked Questions

Here's some of the most common questions we're asked. If you have a question that's not answered here, we'd love to hear from you.

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Can I meet with a broker after business hours?

Yes, our brokers are available after hours and on weekends for appointments. Clients have the option of meeting with a broker at our Hobart office or fully at distance through a combination of phone, email, and video meeting.

How do mortgage brokers get paid?

What if I’m credit impaired?

We have multiple solutions for clients who are credit impaired. Certain banks are willing to lend to these types of applicants, but usually at higher home loan interest rates, fees and monthly repayments.

What separates us from other brokers is that we have a potential way to get credit impaired clients a standard home loan with normal interest rates and fees. If you’d like to find out more, book an appointment with one of our mortgage brokers to discuss your chances of home loan approval.

What is lenders mortgage insurance (LMI)?

If you’re looking to borrow more than 80% of a property’s value, then you may incur something called lenders mortgage insurance (LMI). LMI protects the lender in case you’re not able to meet your home loan repayments and does not protect you as the borrower in any way. Many lenders will allow you to borrow additional funds to cover this cost. Our brokers will advise if this cost applies to you and how much you can expect to pay.

What is Equity?

Should I choose variable or fixed interest?

Choosing between fixed and variable interest rates depends on your risk tolerance and future financial plans. Fixed rate loans offer stability as your principal and interest repayment amount will remain the same over time. But a fixed interest rate can restrict access to certain loan features and make it more difficult to refinance in the future.

Variable interest rates offer more flexibility and can potentially save you money but are more volatile as your repayment amount could increase or decrease depending on market conditions. Speak with a mortgage broker to know whether variable or fixed rate home loans are best suited for your situation.

What’s an offset account?

An offset account is a bank account which is linked to a home loan. Any cash in the offset account can reduce the amount of interest you pay on a mortgage by offsetting the balance of the account against the loan balance.

Using an offset account can be beneficial if you want to reduce the amount of interest being charged on your mortgage and enable you to pay down the loan faster. However, having an offset account can often come with additional yearly fees or a higher interest rate. Depending on how much cash you’re planning on keeping in the offset account, will determine whether it’s worthwhile having.