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First Mortgage Loans Australia Wide

Attaining a first mortgage can be complex for the uninitiated so getting the right advice is essential prior to signing on the dotted line. If. A person applies for first mortgage capital through more traditional lenders, the choice is likely to be limited and perhaps not exactly suited to the applicant’s specific requirements. Universal Finance have access to a wide range of lenders, that can often offer more competitive and diverse first mortgage loans than the usual array of high street lenders. The process is simple when you deal with Universal Finance, simply give us a call, answer some prequalification questions and we’ll find the best first mortgage company for your needs.

Of course, you could do the heavy research yourself but by putting your trust in our first mortgage loans expertise will ultimately save you time, frustration and ultimately money. Get in touch today and see how we can help you find the best first mortgage service for your needs.

What is a First Mortgage?

A First Mortgage is the primary lien taken out on a property, in essence a primary loan that pays for the property. A well respected mortgage broker or financial institution should be able to provide you with all the details and explain the process, repayments and terms and conditions in an easy to understand way.

Universal Finance aim to offer prospective property buyers the best selection of first mortgage home loans from our extensive network of lenders. We study each application in detail before recommending any one lender in order to provide our clients with the best range of 1st mortgage loans for their needs and specific circumstances.

Tailored and Impartial First Mortgage Advice from Universal Finance

Here at Universal Finance, we not only pride ourselves on the scope of the 1st mortgage loans we offer but also the level of personal service we provide. We actually take the time to listen to your requirements and only then will we begin our search for the most suitable first mortgage.


What is a first mortgage loan?

A first mortgage loan is the home loan you take out to buy your first home, which is secured against the property you choose to buy. First mortgage loans are extended to qualified applicants who meet the financial criteria of the institution providing the loan including paid income, insurance, and deposit requirements. First mortgages are slightly different from regular mortgages as they factor in government schemes which are available to assist first home buyers in entering the property market in Australia.

Which loan is best for first-time home buyers?

With a first mortgage loan it is important to look for competitive pricing both on the interest rate and the loan fees. As mortgages are a long-term debt, even the smallest fluctuation in interest rates can affect the amount you repay by a lot of money over the years and by shopping around you can be sure you are getting the best deal in the long run. There is no one-size-fits-all first mortgage loan that suits every home buyer, which is why it is important to work with an experienced mortgage broker to find the loan that is right for you.

What are the features of first mortgage?

First mortgage loans usually have lower credit requirements for the applicants and can be achieved with smaller deposits than regular home loans as they are geared towards a younger market. All mortgages come with their own unique set of features and we can help you to navigate the sea of lenders to find the features that are right for you. From floating to fixed interest rates, interest-only options, or offset accounts, let us be your guide in finding the first mortgage that is suitable for you.

What is the difference between first mortgage and second mortgage?

First mortgage loans are a little less strict on the applicants in terms of credit scores and the deposits required to secure the loan. Deposits required for first home mortgages can be as little as 3.5% of the purchase price, however, for any mortgage with a deposit of less than 20% the lender will require you to have mortgage insurance to protect them in case of default.

Will I be able to get a first mortgage loan quickly?

With our experience in dealing with first mortgage lenders, our team can help you in finding the right mortgage for you, which will save you time now and money in the long run. Using an experienced broker allows you to find the best deal in the fastest possible time and gives you the benefit of receiving advice from industry professionals.

What are the pros & cons of a first mortgage loan?

The pros of a first mortgage loan come with the flexibility from lenders on things such as credit scores and deposit percentages. If you are using an experienced broker such as our team at Universal Finance, we can help you to find the best deals and the best rates in the first mortgage market. The cons of a first mortgage usually present as high loan establishment fees and interest rates, which can be successfully navigated with an experience mortgage broker.

GET A QUOTE: (03) 9088 8369

For more information regarding our range of 1st mortgage loans, please call us during normal business hours or alternately e-mail at any time.