Mortgage broker Bexley
Rockdale's Bayside neighbour.
Mortgage Broker in Rockdale
Rockdale is close to Sydney Airport and on a fast rail line to the city, so shift-based income and apartments along the highway are two things that come up often in lending here.
LNB Finance is a mortgage broker serving Rockdale, Banksia, Kyeemagh and Turrella. We compare more than 60 lenders, match the way you are paid to the lender that assesses it fairly, and in the usual case charge you nothing.
Rockdale is the administrative centre of the Bayside Council area, on the T4 Illawarra line and the Princes Highway, and shares the 2216 postcode with Brighton-Le-Sands, Banksia and Kyeemagh. Apartments line the highway and station precinct, with older houses in the streets either side.
Shift work, allowances and penalty rates
Airport, transport, hospitality and health jobs often pay a base rate plus penalties, allowances and overtime. Lenders do not agree on how much of that to count. Some use most of your regular penalty and shift income once you have enough history; others count only base pay.
That difference can change your borrowing capacity materially, so we check it before choosing the lender. Bring recent payslips and your last payment summary. If your work is casual rather than permanent, see casual employment home loans.
Apartments on the highway corridor
Units on or near a main road can take longer to sell and may value differently from similar units on quieter streets. Before you commit, compare recent sales in the same building, check the strata report for defects or planned works, and confirm the unit size meets your lender's minimum. Apartment loans covers the common restrictions.
Investors
Rockdale's rail access makes units a common investment choice. Structure matters more than rate: a separate loan for the investment, an offset account against your home loan rather than paying down deductible debt, and no cross-securing where it can be avoided. See investment property loans and the rental yield calculator.
Common questions
Some will, usually once you have a consistent history on your payslips. Others count base pay only. Choosing the lender that counts your regular allowances can make a real difference to how much you can borrow.
Not usually harder to finance, but it can value more conservatively. Compare sales within the same building before you set your price.
In the usual case no. The lender pays us on settlement, disclosed in our Credit Guide before you apply.
Buying or refinancing in Rockdale?
One conversation, more than 60 lenders compared, no fee to you in the usual case.
Related
Mortgage broker Brighton-Le-Sands
Sharing the 2216 postcode.
Borrowing power calculator
What you could borrow on your income.