Your Finance Expert
We assist people in reaching their personal and business financial goals, and excel at simplifying the lending process by taking on the task of managing the application process from start to finish.
Personal Finance
Business Finance
Whether you are looking to buy your dream home or working hard at running a successful business, we understand how critical access to finance can be.
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Our network of lenders
Resimac
StGeorge
Suncorp
Westpac
Rock
About Our Company
Our team at EconFinance strives to achieve the best possible outcomes for our clients regardless of the situation at hand. We are here to get to know you and your needs by building a strong client relationship and therefore reaching the best outcome. Our goal is to provide guidance for you every step of the way.
Why use a mortgage broker?
Mortgage brokers can provide a valuable service to those seeking a mortgage by offering a range of options and expert advice. With access to multiple lenders and loan products, a mortgage broker can help you find the right mortgage that fits your specific needs and goals. They can also handle much of the process for you, from pre-approval to closing, saving you time and effort. Additionally, mortgage brokers have the knowledge and experience to navigate the often complex mortgage process, ensuring a smooth and stress-free experience. By working with a mortgage broker, you can take advantage of their expertise and gain peace of mind knowing that you have a trusted advisor by your side every step of the way.
Buying a Home
Buying a home is a major step in everyone’s life, while it may be very exciting, it can be daunting to many. Here are some tips for people who are buying a home:
- Get pre-approved for a mortgage: Before you start house hunting, get pre-approved for a mortgage. This will give you an idea of how much you can afford and help you focus your search on homes that are within your budget.
- Determine your must-haves: Make a list of your must-have features in a home, such as location, number of bedrooms and bathrooms, and outdoor space. This will help you narrow your search and avoid wasting time on homes that don’t meet your criteria.
- Do your research: Research the neighbourhoods you are interested in and make sure they meet your needs. Consider things like the crime rate, the quality of schools, and the proximity to amenities like shopping, dining, and entertainment.
- Hire a buyers agent: A good real estate agent can help you find the right home and negotiate the best deal. Make sure to choose an agent you trust and feel comfortable with.
- Be prepared to compromise: While it’s important to have a list of must-haves, it’s also important to be prepared to compromise. You may not find a home that meets all of your criteria, so it’s important to prioritise and determine what you are willing to compromise on.
- Get a home inspection: Before you finalise the purchase, get a thorough pest and building report. This will alert you to any potential problems or issues with the property that you may need to address before settlement.
- Plan for settlement costs: In addition to the deposit, there are other costs associated with buying a home, such as settlement costs and legal fees. Make sure to budget for these expenses and understand what you will be required to pay at closing.
Diverse Loan Options
There are a variety of loan options available to home buyers, each with its own set of advantages and disadvantages. For example, traditional fixed-rate mortgages offer predictable monthly payments and stable interest rates, while adjustable-rate mortgages (ARMs) offer lower initial rates that can adjust over time. FHA loans are a popular option for first-time home buyers because they require a lower down payment and offer more relaxed credit standards. VA loans are available to eligible veterans and provide benefits such as no down payment and no private mortgage insurance. Jumbo loans are designed for high-value homes and have higher loan limits. The right loan option for you will depend on your specific financial situation, goals, and long-term plans. A mortgage broker can help you evaluate your options and choose the best loan for your needs.
Home loans have options such as:
- Interest only
- Principle and Interest
- Investment
- Owner-occupier
- Split loans
- Low doc
- Fixed and variable
- Line of credit
- Offset
- Redraw
Calculators
Want to know how much you can borrow, what your basic loan repayments will be or even compare loan products? These free easy-to-use online calculators can help you do just that.
Why Choose Us
EconFinance has been providing financial services to valued customers for over 20 years. With an abundance of experience and product knowledge, EconFinance is there to assure you a smooth borrowing process. This, coupled with the wide variety of products available from over 20 lenders, EconFinance finds a match for every client situation.
Start taking
control of your
finances today.
We are always here to help by discussing your financial objectives. Let one of the leading mortgage brokers in the field take care of your financial needs today by getting in contact with us.
Contact us
Take charge of your finances today. Contact us for a free consultation and find out how we can help take the guesswork out of your financial decision-making.