Home loans in Melbourne
Property finance
Home loan broker in Melbourne's west
A home loan is a loan secured by residential property that you use to buy, build or refinance a home. Whether you're buying your next home, upgrading or downsizing, Attain Loans is a family-owned home loan broker working with borrowers across Melbourne's west, comparing options across a panel of 70+ lenders. We can also explain when refinancing your home loan makes sense. Our service is generally at no cost to you because we're paid a commission by the lender.
Are you ready to make your next move in the property market? Whether you're looking to upgrade to a larger home or downsize for a change in lifestyle, Attain Loans will help you coordinate the sale of your current home with the purchase of a new one and make sure you find the right home loan for your needs.
Book a consultationHow we help you find the right home loan
At Attain we always put your best interests first. We'll help you find a competitive rate and loan structure that suits your needs, from our lender panel.
In most cases there is no charge to you because the lender pays us a commission, which can vary between lenders. We disclose this before you proceed, and when arranging a home loan we must act in your best interests.
1
Getting to know you
We're flexible to fit in with you. We can do face to face, phone, or video call meetings. We're flexible on times and can do after hours and weekend meetings by request.
2
Researching your options
Once we have got a good overview of your situation and needs, we will research and make recommendations from our panel of approved lenders.
3
Choosing a lender
We always represent your best interests and consider your needs when recommending a lender. Once we all agree on the most suitable option we will prepare the application paperwork and request supporting documents from you.
4
Application
We will submit your loan application and any grant applications and stamp duty exemptions that are available to you.
5
Ongoing support
Once your loan is in place the work doesn't stop there. We regularly check in to see whether your loan is still competitive, and if a more suitable option is available we will help you assess whether switching is worthwhile.
Selling and buying a home at the same time
Coordinating the sale of your current home with the purchase of a new one can be quite a challenge. In a rising market, buying first might be advantageous, while in a falling market, selling first could be safer. We can help you find home loan options that best suit the current market conditions.
Common types of residential home loans
At Attain we have access to over 70 lenders and can provide different types of home loans dependent on your individual requirements and situation.
Book a consultationBasic home loans
Basic home loans are offered by most financial institutions, typically at a reduced interest rate. These loans feature:
- Minimal additional features
- Attractive to borrowers seeking simplicity
- Lower costs due to fewer added services
Fixed rate home loans
Fixed rate home loans provide borrowers with predictable repayments, regardless of market interest rate changes. Key aspects include:
- Security of consistent repayments
- Protection against interest rate increases
- Less flexibility for additional repayments or restructuring
- No benefit from potential interest rate decreases
- May not suit all borrowers due to limitations
Variable home loans
Variable home loans are the mainstream offering from most financial institutions. They provide:
- Greater flexibility compared to basic home loans
- More features and options
Common features include:
- Salary crediting
- Redraw facilities
- Offset accounts
- Additional repayment options
- Top-up capabilities
- Fixed rate conversion possibilities
Questions about Home loans
Get in touch and we will help you with any questions you have about home loans and advise on the best strategy to suit your situation.
Let us help with your questionsHow do I buy and sell a house at the same time?
Buying and selling simultaneously involves careful timing and strategy. Options include selling first then buying, buying first then selling, or aiming for concurrent settlement. The best approach depends on market conditions and your financial situation. Working with experienced real estate and mortgage professionals can help coordinate this process effectively.
Can I use the equity in my current home to buy a new house?
You can use the equity in your current home to buy a new house. This can be done through refinancing your current mortgage, taking out a home equity loan, or using a line of credit. The amount of equity available depends on your home's current value minus the outstanding mortgage balance. Keep in mind that borrowing against your equity increases your debt and reduces the equity in your home.
What is a bridging loan and how does it work?
A bridging loan is a short-term financing option that helps you 'bridge' the gap between buying a new home and selling your current one. It allows you to access funds for a new property purchase before your existing home sells. Bridging loans typically have higher interest rates and are designed to be repaid once your current home sells.
Should I sell my house before buying a new one?
Selling before buying can be less risky as you'll know exactly how much money you have for your next purchase. However, it may mean you need temporary accommodation between homes. The decision depends on market conditions, your financial situation, and personal preferences. In a rising market, buying first might be advantageous, while in a falling market, selling first could be safer.
How much can I borrow for my next home loan?
Your borrowing capacity for your next home loan depends on various factors including your income, expenses, existing debts, credit score, and the equity in your current home. Lenders typically consider your debt-to-income ratio and assess your ability to repay the loan. Use our online borrowing power calculator or speak with our mortgage brokers for a personalized assessment.
What are the costs involved in selling my current home and buying a new one?
Costs may include real estate agent fees, conveyancing fees, mortgage discharge fees, stamp duty on your new property, mortgage registration fees, and potentially capital gains tax if selling an investment property. Other costs might include building and pest inspections, moving expenses, and potentially bridging loan costs if applicable.
How can I manage two mortgages if my current home doesn't sell quickly?
Managing two mortgages requires careful financial planning. Strategies include budgeting meticulously, considering short-term rentals for one property, exploring interest-only payments on one loan (which means paying more interest overall), or using an offset account to reduce interest charges. It's crucial to have a financial buffer and to communicate openly with your lender if you face difficulties.
Is it better to upgrade or downsize my home?
The decision to upgrade or downsize depends on your personal circumstances, lifestyle needs, and financial goals. Upgrading might provide more space but comes with higher costs. Downsizing can free up equity and reduce ongoing expenses but may require lifestyle adjustments. Consider factors like your long-term plans, retirement goals, and current life stage when making this decision.
How does my credit score affect my ability to buy my next home?
Your credit score plays a crucial role in your next home purchase. A higher credit score can lead to better interest rates and loan terms, potentially increasing your borrowing capacity. Lenders use your credit score to assess your creditworthiness and determine the level of risk in lending to you. Maintaining a good credit score is important for securing favourable loan conditions.
What government assistance is available for next home buyers in Australia?
While many government schemes focus on first home buyers, next home buyers may still be eligible for certain assistance programs depending on their state and circumstances. These might include stamp duty concessions in some states or the First Home Super Saver Scheme if you haven't owned property in the last 10 years. Eligibility criteria and caps apply. Check with your state revenue office or speak to our brokers for the most up-to-date information on available assistance.
What does a home loan broker do?
A home loan broker compares loan options from a panel of lenders, helps you understand your borrowing capacity and manages the application through to settlement. At Attain Loans we compare options across 70+ lenders, and mortgage brokers must act in your best interests when arranging a home loan (the Best Interests Duty). Our service is generally at no cost to you because we're paid a commission by the lender. Keep in mind that a broker can only recommend products from lenders on their panel.
Should I choose a fixed or variable home loan?
It depends on how much certainty and flexibility you need. A fixed rate gives you predictable repayments and protection against rate increases, but usually less flexibility for extra repayments and no benefit if rates fall. A variable loan generally offers more features, such as offset accounts and redraw, but your repayments can rise or fall with rates. Some borrowers split their loan between the two. We can help you compare both across our lender panel.
How do I compare home loans in Melbourne?
Look beyond the headline interest rate. Compare the comparison rate, upfront and ongoing fees, features such as offset accounts and redraw, flexibility for extra repayments, and how well the loan suits your plans for the property. The lowest rate isn't always the best option if the loan lacks features you need or carries higher fees. A broker can compare options across multiple lenders for you and explain the trade-offs before you apply.
Your full financial situation and requirements need to be considered prior to any offer and acceptance of a loan product. The information contained in this website is of a general nature and does not take in to account your personal needs and requirements.
Home loan guides
Why choose Attain Loans?
We are experienced mortgage brokers providing access to a wide range of lenders and loan products. We assist you throughout the entire home loan process, from initial consultation to settlement and beyond.
We're family
We are a small family owned, Altona based business that understands your needs at different stages of your life.
We listen
Identifying your goals and finding services and products that meet your needs is our number one job, and we love it!
22 years industry experience
We know the intricacies of the mortgage market and can tailor mortgage solutions for your individual needs.
We have access to the very best lenders
Over 70 of them, including the majors. We're accredited, which means we are fully trained and know all the best options available for you.
Ongoing support
Even when we've found you a great deal we undertake regular reviews to see if we can find you something even better.
We're awesome!
We have an honest, client focused business model and we aim to create long lasting relationships built on trust and respect.
Our happy customers
Financial security gives you choices. It lets you move home, learn new things, travel, or start and grow a business. When you're financially secure, you can focus on what's important. Your family, health, and personal growth.
Owen
Chrystal has been absolutely amazing from start to finish. As a first time home buyer I had little understanding of the whole process and was quite overwhelmed. Chrystal took the time to thoroughly explain all aspects to me and was always available whenever I had any questions and made the whole process much less stressful. I highly recommend her to anyone looking for a mortgage broker.
Danny Simpson
Chrystal was incredible throughout the entire process. She helped me review numerous listings, connected me with a great conveyancer and building inspector, supported me on auction day, and found the best home loan to suit my needs while guiding me through the details. Overall, I highly recommend Attain Loans for going above and beyond!
Macca Playz
Chrystal's outstanding performance throughout the process was truly impressive. Her assistance in reviewing various listings, arranging introductions to a trusted conveyancer and building inspector, providing support, and sourcing a home loan that met my specific needs while offering detailed explanations of the terms, was truly exceptional. I strongly recommend Attain Loans for their outstanding commitment to customer satisfaction and service excellence.
Emma Kirkham
I went to Attain Loans to reduce my mortgage repayments and secure financing for a truck-mounted EWP. Chrystal went above and beyond to ensure I got the best deal possible. She took the stress out of the process and made everything happen smoothly. Thanks to Chrystal, I was able to combine my home and truck loans and even purchase a brand-new car—all while paying much less than I ever imagined. I highly recommend Attain Loans. It’s Chrystal’s personal touch and dedication that make her exceptional at what she does!
Ian Martin
We were introduced to Chrystal and Attain Loans by a mutual colleague and we are very pleased that we were. Chrystal is an absolute finance whizz and a diamond of a lady. She is thorough, professional, patient, 'on your side', and will work her hardest to get the job done for you. We are pleased to have met Chrystal and have her setup our home loan and finances for us, and we will continue to work with Chrystal for any of our finance needs in the future.
Nichie S
Chrystal Evans, Director & Mortgage Broker at Attain was truly a lifesaver. In a stressful time where I needed assistance and some advice, Chrystal was this and more for me. Her knowledge of the banks, packages, fees etc. and advice was excellent, giving me confidence while also making everything really easy. Lastly her follow-up and communications were solid, I would highly recommend Chrystal. Also, after trying to negotiate an interest rate after coming off a fixed rate with my bank, where I was told they couldn't help me and spoke with 3 different people with wait times on the phone, I will not deal with a big bank again and only with Chrystal/Attain.
Cindy Kelly
Chrystal and Attain Loans were instrumental in assisting us to secure our dream home. Chrystal’s professionalism, knowledge and high level skills secured us the best loan for our needs. Chrystal is very thorough and assisted us through the whole process, from finding the best loan to ensuring everything was in line and ready for settlement day. We will definitely utilise Chrystal’s expertise for our next property purchase and highly recommend Chrystal and Attain Loans.
will miller
Chrystal and her team are amazing to deal with extremely helpful and couldn't ask for better service. Chrystal and her team have helped us secure our first home and we have now settled. Chrystal is still working with us through every stage of the project. It's great to know that I had Chrystal on hand anytime I needed direction and advice. Thanks heaps guys from will and Zoe miller
Nikola M.
Chrystal is by far the best broker I’ve met. Not only she found a great rate and conditions, she advised me on how to restructure the loans to get a better return down the road. Definitely recommend her, won’t even think of going elsewhere.
Renee Blake
Chrystal and her team @ Attain Loans are amazing. Chrystal makes the whole process so easy and understandable. She always has her clients needs at the forefront of her mind and does everything possible to help. Not only is she an AMAZING broker with integrity, she is reliable with a client first focus. If I could score her 100 I would. The only broker for me.
Callan Applebee
The best! Highly recommend for those lookong for people that care and honesty in financial requests for mortgae and loan services. From someone who has just begun owning land and building a home, all I can say is that Chrystal and her amazing team have held customers like myself and my wife at the forefront. We are still in the process and this company and its ideals and staff are and continue to be amazing. The trust, confidence and support model they uphold is something that all other institutions should refer to. Thank you Chrystal and your team members for everything thus far. I look forward to our continued relationship and your growth. Thank you.
Vanessa Terekia
I have had the pleasure of working with Chrystal who helped to get my home loan approval. This women went out of her way to help me above and beyond my expectations, I was so ready to give up on a few occasions but she wasn't going to let me and I could not thank her enough for all of her efforts. I am now in my own home thanks to Chrystal and her team, I would always recommend her service, its like no other :).
Skruffy Inc
If it's a no fuss, simple process you're after - then Chrystal is your go to! As a first home buyer I was totally out of my league, everything was foreign. Chrystal quickly established a rapport and from the beginning I felt secure in her expertise and genuine interest to help me realise my goals. Whenever there were things that I wasn't quite sure about, Chrystal jumped in and took the reins without hesitation. When investing in one of the biggest purchases in your lifetime, having someone you trust at the helm is everything! Chrystal is that someone. Her easy going nature coupled with the depth of knowledge, experience and professionalism is second to none! I can't recommend her highly enough. Appreciate your support solution oriented outlook Chrystal. Thank you so much! Whakamānawatia koe, ka tika! Nāku noa Trish Brisbane, QLD
Suzanne McHugh
Chrystal was fantastic, she took the time to help us urgently obtain finance after not getting any help directly from the banks. She was very informative, was able to explain all the details. We would not have been able to have a successful bid without her help.
Luke Applebee
Thanks to the incredibly hard-working team at Attain (Chrystal and Pam) we were able to settle literally days before Christmas last year in our first home. At every step of the home buying journey we were well informed and felt like our interests were always the top priority. It was a stressful time for us to keep up with the paperwork and everything however Attain did a superb job at keeping us on track (and sane). If you have no idea where to begin if you're looking at purchasing a home, I highly recommend giving Attain a call. Excellent customer service and ongoing support. We have recommended Attain to family and friends, too. Absolutely impressive team. Can't thank them enough.
Jessica Joy
I cannot recommend Attain Loan & Mortgage Services enough. As a first home buyer I was nervous with very limited knowledge of how the entire loan process worked. Chrystal made it absolutely seamless and took all of the stress out for me. 12 months on, they assisted me with my first re-finance and again were there for me every step of the way. I couldn't be happier and wouldn't trust anyone else! Thankyou so much! Positive Responsiveness, Quality, Professionalism, Value
Jessica Winter
Chrystal, Pam and the team at Attain loan & morgage services are the best brokers in business. They literally held our hands throughout the whole process of our home loan. And we were not easy customers! They went above and beyond to help us get the best outcome in the process of attaining our first family home. Their attitude, customer service and professionalism was second to none. Couldn't recommend this company more! They literally did all the HARD work for us and made the process stress free :) Thanks Team!! Jessica Winter
Americar Auto
I've been using Attain Loans for years. Each time Chrystal has helped us get the loan through, being a small business can be tricky sometimes but Chrystal never gives up and always gets a result. I would give her a higher score if I could :)
Gary Capeling
My wife and I were in a vendor finance agreement and due to some financial hardship issues brought about by the Covid pandemic not looking like we would ever be able to get ahead. The team at Attain Loans helped steer us in the right direction to be able to finally have a mortgage of our own and also clear up our debts and hopefully repair our credit issues. I would definitely recommend them to anyone looking to just refinance or that is in a similar boat to us! 10 out of 10 for these guys!
Rebecca Smith
Excellent communication throughout entire process. Second time we have obtained finance through Chrystal and would use her again.
Peter Sz
Chrystal and the team from Attain Loan & Mortgage Services, 14 Harrington Square, Altona, VIC, 3018, Were a pleasure to deal with, they provided us with great service and prompt settlement, our circumstances were delicate and they worked though the steps to help us achieve the results desired, We would highly recommend Attain Loan & Mortgage Services for all your home loan needs, Thanks for all your help Peter
Lisa L
I recently bought a new house and usually the process can be quite stressful. Luke made everything run smooth from start to finish and got me a good rate! Highly recommend
Ray Jensen
Got the job done that no one else could!!!!! Very happy customer, thanks for all your all help……