Home Loans Information

Home loans come in a wide number of option from loan terms of 15 all the way up to 45 years at variable or fixed interest rates. It is wise to choose the home loan that is right for you.

But, before shopping around for a home it is very helpful to know in advance how much home you can afford, deciding on the type of loan can be done later in the home buying process.

Finding out how much home you can afford is what is called a "pre-approval." As a part of the pre-approval, a member of Home Loan Club will evaluate your credit history, your finances, and your investments in a series of calculations and determine the maximum you can borrow.

Pre-Approval is advantageous when dealing with home selling agents because it makes your interest in buying seem stronger. The seller can also be guaranteed that if they sell you the home you will be able to finance the home and the sale won't fall through come signing time. In addition the pre-approval process will give you a better idea of how much home you can truly afford to make monthly payments on.

Once you have found a home and been pre-approved by a Home Loan Club lender, it is time to decide on what loan type best suites your needs. There are different loan types available.

If your credit is less than perfect, adjustable rate mortgages are often easier home loans to acquire. You may very well pay more in interest with a variable rate mortgage, but down the road when your credit improves from making regular payments, you can refinance and lock in at a fixed rate of interest.

Getting started with your home loan

The best way to get pre-approved for a home loan and get started on the buying process is to contact as many lenders as time allows. We offer a simple form that will allow us to research a large number of lenders to provide finance at the ideal interest rate, low fees and flexible to your needs.

The first step is to complete our simple Loan Enquiry Form