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Mortgage Broker in Oatley

Oatley's leafy streets, bushland park and waterfront along the Georges River mean higher property values and larger loans, which changes which lenders are the best fit.

LNB Finance is a mortgage broker serving Oatley, Lugarno and Como West. We compare more than 60 lenders for upgraders, larger loans and downsizers, and in the usual case our service costs you nothing.

Oatley is on the T4 Illawarra line in the Georges River Council area, next to Oatley Park and the bays of the Georges River. Much of the housing is established family homes, some with water frontage, so loans here are often larger.

Larger loans

When the loan is large, lender policy starts to diverge in ways that matter:

Maximum loan-to-value ratios fall. Some lenders reduce how much of the value they will lend once the loan passes certain sizes, which can mean a bigger deposit than you planned for.

Pricing becomes negotiable. Larger loans often attract sharper rate discounts, but only if someone asks for them.

Valuations on unique homes vary. Waterfront and architecturally unusual homes have fewer true comparables, so valuations can differ between lenders.

Upgrading and downsizing

Families moving up to Oatley often need to buy before they sell; see bridging finance. Long-term owners downsizing may want a smaller loan or none at all, or may want to keep the family home and borrow against it to buy something smaller. Lenders assess older borrowers on an exit strategy for the loan term. See home loans for pensioners and retirees.

Investing with existing equity

Owners with significant equity often use it towards an investment property. Keep the investment loan separate from your home loan, avoid cross-securing both properties to one lender where you can, and consider an offset account on your home loan rather than paying down deductible debt. See how to use equity to buy an investment property.

Common questions

Many lenders reduce the maximum loan-to-value ratio above set loan sizes. The thresholds differ, so the right lender can reduce the deposit you need.

Yes. Lenders ask how the loan will be repaid over its term, for example through super, downsizing or sale of an asset, so having a clear exit strategy is important.

Usually not. Separate securities keep you flexible if you later sell one property or change lenders. Cross-securing gives the lender more control over both.

Benjamin Marzouk

Mortgage broker, LNB Finance

Benjamin Marzouk is the broker behind LNB Finance, working with clients across the St George, Bayside and Sutherland Shire areas from Sans Souci, and arranging finance Australia-wide. He compares more than 60 lenders and is not owned by, or aligned to, any bank.

Credit Representative 551447 under Australian Credit Licence 384324, held by Outsource Financial Pty Ltd. LNB Finance Pty Ltd, ABN 83 668 176 083, and is subject to the Best Interests Duty. Both licence numbers are publicly searchable on ASIC Connect. Read our Credit Guide.

Buying or refinancing in Oatley?

One conversation, more than 60 lenders compared, no fee to you in the usual case.

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