Glynn Finance is a finance broking business specialising in property finance solutions that suit the individual customer's requirements. We source the best product for your specific needs. We have direct accreditation with over 25 Australian Banking Institutions. This enables us to match the best product to you.
Our Brokers and Credit Team have over 50 years' experience. Not only do we deal with the top tier banks, we have a full suite of lenders who also specialise in vehicle finance, SMSF Lending, Residential and Commercial Property investors.
For a more precise estimate of your borrowing capacity contact our mortgage specialist today.
Your Mortgage Broker has access to the home loan products of up to 30 banks and/or financial institutions throughout Australia.
They can source you the most competitive interest rates for your personalised situation. Everyone borrower has different circumstance.
These can most often be accommodated by one of our panel of lenders. When choosing your interest rate, you need to view the comparative rate for the loan. This is the interest rate plus any fees over the life of the loan. It is often referred to as the TRUE rate of Interest.
A low interest rate may not be the best product for you. Consult your Finance Broker for all the best options.
Your mortgage broker can assist with choosing the most appropriate Home Loan for your specific requirements. Often it is not the Major banks that have the best product for YOU.
A home loan can be a structured in many ways.
There are variable and fixed rate options to borrowers, Variable rates are adjusted with the Reserve Bank of Australia (RBA) cash rate and measured against this, with a margin for the institution. E.G RBA rate is 1.5%p.a plus 2%p.a margin for institution equals a Variable Home Loan Rate of 3.5%p.a. These rates will adjust from time to time over the period of the loan up to 30 years.
A Fixed Rate loan is usually for 1-5 years however 7 to 10-year options are available at some bank institutions (consult your broker).
A Fixed Rate is locked for this period according to the yield curve and the estimated rates for this period 48 hours before the settlement of the loan.
At the end of this fixed period you have the option to stay on a new fixed rate or switch back the variable rate at the time.
The interest repayments for this home loan is generally calculated on the outstanding loan amount at the end of each business day, multiplied by the interest rate that applies to your loan then divided by 365 days (or 366 in a leap year).
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