Inspire Mortgage provides streamlined broking services to help you break into the market with the right loan.

The first step is to schedule a discovery session and share with an Inspire Mortgage broker your situation, needs and objectives. In that free meeting we’ll explain the entire process to you and answer any questions you might have. We will help you determine whether you are eligible for a loan or now.

The amount that you are able to borrow will be impacted by your income, household details and expenses. Any obligations you have such as personal loans and credit cards will also have an impact. Schedule a discovery sessions with us and we’ll help you determine your eligibility and borrowing capacity.

Lenders vary on their requirements, but usually borrowers need a deposit that is 10% of the purchase price. In some cases the deposit size can be as low as 5%. Generally, Lenders Mortgage Insurance is required when a deposit is smaller than 20%. If you have a guarantor who can guarantee the loan, then you don’t need a deposit and can borrow 105% of the property value.

At Inspire Mortgage, we specialise in helping people get the right loan for them without all the hassle. Our expertise in the lending guidelines helps us navigate the process for you to make sure your chance of approval is higher and your rates are competitive. We deal with more than 50 lenders and know their policies inside and out, so that you don’t have to!

We are paid by the banks for introducing loan applications and for doing the work that would otherwise be completed by one of their staff. As a result we do not charge a fee for most loans.

There are national and statewide grants and schemes available for first home buyers in Australia. As of October 2022, some of the national schemes include Help to Buy, First Home Guarantee, Family Home Guarantee, Regional First Home Buyer. Each state has differing policies around stamp duty and first home buyers. We can provide up-to-date relevant and personalised information in a discovery session.