Lending
“You don’t have to be great to start, .
– Jimmy Dean
Finding the right home loan for you
Whether you are a just starting out with your first home, or you are a seasoned investor, Metis is committed to providing you with the right home loan to meet your needs. We will discuss every aspect of your loan with you and ensure that you understand the fine details, explaining the complexities of interest rates, offset facilities, unlimited additional deposits and redraw facilities so that you’re in control of your financial health.
At Metis, you can rely on us to provide you with exceptional customer service for the life of your loan, and trust that we will continue to support you in achieving your future goals.
Your Specialist financial advisers
At Metis, we are proud of the expertise that sets our brand apart from our competitors. Importantly, we are not just mortgage brokers, but specialist financial advisers with advanced training and qualifications that inform our advice.
This means that in addition to finding you a competitive loan that meets your needs, we are able to structure your loan within a comprehensive plan to reduce your debt, grow your personal wealth, and kick different financial goals as your aspirations change.
Some questions we often hear
How Much Can I Borrow?
There are three underlying factors that determine your eligibility for a home loan and how much a bank will lend you, including:
Serviceability
Serviceability refers to the assessment of whether your surplus income is enough to cover the ongoing loan repayments with an additional buffer of roughly 3% per annum. Our borrowing power calculator below can provide a rough indication of your borrowing capacity; however, we recommend that you contact us for an accurate assessment of your borrowing capacity.
Security
Security is the value of assets against which the loan is secured, this is usually your deposit or equity in another property. If this is less than 20% of the total property value, then you may be required to pay Lenders Mortgage Insurance (LMI); and,
Creditworthiness
Creditworthiness is an assessment of how likely you are to repay the loan. This is usually based on your credit score but may be impacted by other factors such as a criminal record.
Fixed vs Variable?
This important question depends on the needs of the borrower. For example, a borrower that needs certainty with their interest rates would be better suited to a fixed rate, while a borrower that requires flexibility may be better suited to a variable rate. The past few years have demonstrated that interest rate movements can be unpredictable, and as such, we find it is better to select a rate based on the needs of the individual rather than trying to guess the Reserve Bank’s next move.
Which lenders do you deal with?
We are a member of Connective, one of Australia’s largest mortgage aggregators and have access to a broad range of lenders. After comprehensive assessment, we evaluate the suitability of each lender against your unique needs and recommend the lender that’s the right fit for you.
Do you charge fees for home and investment loans?
The short answer is no, when it comes to our lending services we are compensated via a commission paid by the lender for bringing new business to them. Importantly, this commission does not impact the interest rate that you pay. More information regarding our compensation can be found in our Credit Guide.
It is important to note that we do charge fees for our financial planning services and these can be found in our Financial Services Guide.
Do you just recommend the lender that pays you the highest commission?
No. We will always recommend the lender that is the most suitable based on your needs. This is something we are really passionate about. Not only is it an ethical obligation, but a legal requirement under the Best Interest Duty. If you have come across an untrustworthy broker in the past, we encourage you to report them.
Borrowing Power Calculator
How much can I borrow?
Testimonials
What our clients say?
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Sam helped us find a super fund and strategy that aligned with our long-term goals. Sam also helped us review our mortgage and explore the right income protection coverage. It’s such a relief knowing that my finances are in good hands and that we have a concrete strategy for our future.
“If you’re looking for a financial advisor who’s knowledgeable, friendly, and genuinely cares about your financial future, I highly recommend Sam and Metis Private Wealth.”
Alex
Stephen
Heath
Lachlan
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He is one of the friendliest people I’ve ever met and makes himself available at any time of any day to assist. His expertise, approachability, candour and dedication to his clients is second to none. I couldn’t recommend him enough!”
Shannon
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