Glenorie mortgage broker
Glenorie mortgage broker
A mortgage broker
who knows Glenorie.
Acreage where the land often earns something, and where a nursery, a paddock or a shed can change how a lender reads the whole application. We compare 35+ lenders and it costs you nothing.
35+
Lenders
10+
Years experience
1,000+
Clients helped
$0
Cost to you
About Glenorie
What the 2157 market actually looks like
History of Glenorie
Settled along Old Northern Road, the convict built route north, and farmed ever since. Orchards and poultry gave the district its shape, and the village grew around the road rather than a station. It sits across The Hills and Hornsby council areas, and the rural zoning has held the character in place while suburbs to the south filled in.
Glenorie property market
Large acreage estates and hobby farms, with a small cluster of village lots on standard residential blocks. Holdings run from under a hectare to well over ten. Many properties carry working elements, whether that is a nursery, paddocks let for agistment, or sheds built for a trade. Turnover is low and properties are held for a long time.
Glenorie property prices
Well into the millions, driven by land area and how much of it is usable flat ground rather than bushland gully. Village blocks sit considerably lower. Rents are low relative to what properties cost, which is normal where land value sets the price. With few sales in a year, a suburb median moves sharply and describes very little.
Borrowing in Glenorie
The question lenders keep asking here is whether this is a home or a business. A hobby operation reads as residential. A working nursery or a property earning real income can push the file towards commercial terms, which changes the rate, the deposit and the panel. How the property is described matters as much as what it is.
Glenorie is one of the suburbs we cover across the Hills District, and the one where the line between home and business gets tested most.
Does the property
earn anything?
Agistment, a nursery or a shed let to a trade can all change how a lender classifies the loan. Worth establishing early.
Your broker
Meet Ali Hasani
Ali Hasani is the founder of Buyvest. He has worked in home loans for more than ten years, a lot of it at Commonwealth Bank. We meet clients face to face, or by phone, Zoom and Teams, at night and on weekends as well as work hours. We take your loan to 35+ lenders, compare the numbers, and show you the options. Ali is an MFAA accredited broker with a Diploma of Finance and Mortgage Broking Management and a Post Graduate in Accounting.
Self employed
on the land?
Your tax return rarely shows what you can service. Add-backs change the figure, and lenders differ on what they allow.
Client stories
How we helped
Three real situations, and what actually happened in each one.
Part home, part business.
Income was being declared through a business run from the property, and their bank treated the whole application as commercial once it saw that. The terms that came back were a long way from a home loan. We took the same file to lenders whose policy separates the dwelling from the activity on the land, and one of them wrote it on residential terms. Nothing about the property had changed, only who was reading it.
A valuer saw it differently.
He wanted a lower rate and cash to draw on, so we put several options in front of him. The lender with the sharpest rate valued the property well below another on our panel, which cut the equity available to him. He took the second, a little dearer on rate, and got considerably more to work with. On acreage that gap between one valuer and the next is wider than most people expect.
Off the mains, still funded.
The property ran on rainwater tanks and an onsite wastewater system, and they were worried a lender would balk at it. Most do not, provided the arrangements are adequate and approved, because that is simply how the district works. What the lender wanted was evidence the property was serviced and habitable. We knew the questions coming and had the answers ready, so it never became the problem they expected.
These are past client stories, with details changed for privacy. Your own result depends on your situation and what the lender decides.
Free guides
What to know before you buy
Three free guides covering how a Glenorie purchase actually runs, from pre-approval to settlement.
Home loan pre-approval
What it covers, and how long it lasts.
Read the guide
Choosing a home loan
Fixed, variable, offset and redraw.
Read the guide
Settlement day
What has to be ready before then.
Read the guide
Read the free guides in the Loan Vault to know how the home buying process works in NSW.
What we do
Home loans for every Glenorie plan
First home
Learn more
Next home
Learn more
Investment property
Learn more
Refinancing
Learn more
Construction loans
Learn more
Bridging loans
Learn more
Guarantor loans
Learn more
No LMI and waived LMI
Learn more
Self employed home loans
Learn more
Not sure where to start? See what a mortgage broker actually does.
When did you last
check your rate?
We compare your current home loan against 35+ lenders. If a refinance saves you money we will show you the numbers, and if it does not we will tell you that too.
Your job matters
Home loans by profession
Some lenders drop lenders mortgage insurance for certain jobs, which is worth checking when the property itself already narrows the field. The lists and the limits differ from one lender to the next.
Home loans for
Doctors
Learn more
Home loans for
Dentists
Learn more
Home loans for
Accountants
Learn more
Home loans for
Lawyers
Learn more
Not sure if your job is on a list? See No LMI and waived LMI home loans, or ask us and we will check every lender on our panel.
Plan ahead
Run the numbers
Free tools that show you where you stand right now.
How it works
Three steps to your loan
1
Financial health check
2
Get pre-approved
3
Settle, then stay in touch
Client reviews
5.0 ★★★★★ on Google
Reviews from clients across Sydney.
★★★★★
"Cannot recommend Ali highly enough. He made a complicated and daunting process incredibly easy, and continually went above and beyond. Would absolutely recommend him to everyone."
★★★★★
"Ali is super knowledgeable, reasonable and personable! He will be realistic with what is possible but always find you the best deal whilst making you feel looked after."
★★★★★
"Ali is a maestro with a wealth of experience in home lending business, mixed with excellent people skills. His professional and supportive approach is a safe pair of hands to work with to get the required funds for your goal in the property market."
FAQ
Glenorie questions, answered
Why use a mortgage broker in Glenorie?
Because we compare 35+ lenders rather than one, at no cost to you, and the same application produces very different answers depending on who reads it. We prepare it properly, present the options and handle the process through to settlement. Brokers also have a legal duty called the Best Interests Duty, which means your interests sit ahead of ours.
What deposit do I need?
Twenty per cent avoids lenders mortgage insurance, and plenty of buyers proceed with less and pay the insurance instead. Certain occupations can have it waived, and a family guarantee can reduce the requirement further. If you already own something, the equity in it generally does the same job as cash. The sensible first step is establishing what you can borrow, and the deposit follows from there.
What exactly is lenders mortgage insurance?
A one off premium charged when your borrowing exceeds 80% of the property value, protecting the lender rather than you. It can usually be added to the loan rather than paid separately. It can be avoided with a larger deposit, through a professional waiver with certain lenders, with a family guarantee, or under the Australian Government 5% Deposit Scheme if you qualify.
Can a first home buyer get in with a small deposit?
The Australian Government 5% Deposit Scheme allows an eligible first home buyer to purchase with a 5% deposit and pay no lenders mortgage insurance, with Housing Australia guaranteeing the difference up to 20%. It is a guarantee, not money you receive. There are eligibility conditions and a cap on the property price, and not every lender writes them, so it is worth checking properly before relying on it.
How does a guarantee from family work?
A relative, most often a parent, puts part of the equity in their property behind your loan as extra security. No cash changes hands and they are not responsible for your repayments. Most are limited, covering a defined portion rather than their whole home. Once your loan has reduced sufficiently the guarantee can come off, though it stays in place until someone requests the release.
Can I apply with my parents on the loan?
Yes, as co-borrowers, which is different from a guarantee. Being on the title and the debt means their income counts towards the assessment, and it also means the entire loan appears against them afterwards. That last part is the piece families most often overlook, because it affects anything they want to borrow later. It lifts capacity considerably and deserves a proper conversation first.
What does pre-approval actually give me?
An indication of what a lender will consider based on your position, which lets you look at properties knowing a real number instead of guessing. It typically holds for around ninety days and can be renewed with fresh payslips and statements. It is not approval on a specific property, since the property still has to be assessed once there is a contract in place.
What reduces how much I can borrow?
More than most people expect. Existing loans and their repayments, credit card limits regardless of the balance owing, ongoing commitments and the number of dependants all feed in. Lenders also assess your ability to repay at a rate above the one you will actually pay. Reducing or closing unused facilities before applying often does more than chasing a slightly better rate.
Do unused credit cards really matter?
They do, and it surprises almost everyone. A lender assesses a card on its limit, not its balance, because you could draw the full amount tomorrow. A card with nothing owing still reduces your capacity by a monthly figure worked back from the limit. Cutting or closing old cards is one of the few genuinely quick improvements available before an application.
Is an offset account worth it?
An offset is an account attached to your loan where the balance is deducted from the loan before interest is calculated. You pay less interest and keep full access to the money. It works well if you carry a reasonable balance between pay cycles. Some loans with an offset carry a marginally higher rate or a yearly fee, so the maths depends on your balance.
What is the difference between offset and redraw?
With offset, your money sits in your own account and never enters the loan, and the balance reduces the interest charged. With redraw, the money has already gone into the loan as extra repayments and the lender allows you to take it back, on terms it can change. Offset is more flexible. Redraw usually comes with cheaper, simpler loans.
Fixed rate or variable rate?
A fixed rate gives you a set repayment for an agreed term, which helps with certainty, and you miss out if rates fall during it. Variable follows the market and generally comes with offset and unrestricted extra repayments. Fixed loans often limit extra repayments and can involve break costs if you exit early. Which fits depends on your plans rather than on a general rule.
Can I split the loan?
Yes, and most lenders allow it without an extra charge. A split divides your borrowing into portions carrying different rates or terms, so you might fix one part for certainty and leave another variable with an offset attached. It is also useful for keeping a particular portion on a shorter term. Worth asking about, because it is rarely offered unprompted.
Interest only or principal and interest?
Principal and interest reduces what you owe and costs less across the loan. Interest only keeps repayments lower for a set period without reducing the balance, so the debt remains and the repayment increases when the period ends. It appears far more often on investment lending than on home loans. On an investment there are tax implications, so your accountant should be involved.
When should I think about refinancing?
Whenever a couple of years have passed without a comparison, because lenders keep their sharper pricing for new customers and the difference builds quietly. The end of a fixed term is another point, as is wanting to draw equity out. Where the comparison shows staying put is better once the costs are counted, we will tell you that plainly.
What does it cost to change lenders?
Usually somewhere between a few hundred dollars and a thousand. Your current lender charges a discharge fee, there are government fees to move the mortgage, and the new one may charge settlement or valuation fees, though many waive them. On a fixed rate there can be break costs, which are checked before anything else. On acreage expect a full valuation rather than a desktop one.
Will refinancing extend my loan?
It will if nobody asks otherwise, because the default is a new thirty year term. That makes the monthly figure look better while adding years of interest, and if you are eight years into the loan you have just given those eight years away. Ask for the remaining term instead. No lender raises this on your behalf.
Can I purchase before selling?
Yes. Bridging finance funds the new purchase while the existing property is on the market, and the sale proceeds clear it when they arrive. Alternatively, where you have sufficient equity, you release it to fund the purchase and sell afterwards without any deadline. Rural properties can take longer to sell, so the second option often creates less pressure.
Can I keep the property and rent it out instead?
It is worth costing rather than assuming. The questions are whether your income handles both loans once part of the rent is counted, and whether the equity can be freed without a sale. Keeping a former home also alters its tax treatment, and that side is one for your accountant before anything is decided.
Can equity fund a second property?
Yes. Releasing equity from what you already own covers the deposit and costs on the next purchase, so no cash deposit is needed. That produces two loans, each secured by its own property, which keeps your options open later. Investment borrowing carries tax consequences, so it is worth having your accountant look at the structure before it is set up.
How much rent do lenders count?
Part of it rather than all. They apply a discount to expected rent to allow for vacancy, management and costs, with the exact figure varying between lenders, and they assess the new loan at a rate above the one you pay. It means a rental appraisal and what a lender uses are two different numbers, and planning on the first leads to disappointment.
The property has land and outbuildings. Does that affect the loan?
It can, and this is not something to answer with a general rule. Around Glenorie, land size, zoning, whether anything on the property earns an income and how a valuer treats the improvements all influence which lenders will consider it and what they will lend. Every lender is different and their positions shift over time. Send us the address and we will check the panel for you.
Do we need to meet face to face?
Not at all, and given the distance that saves real time. The whole process runs by phone, Zoom or Teams, with documents shared and signed electronically, so nobody drives an hour each way for a conversation. If you would rather meet in person we come to you, including evenings and weekends.
Should I just use my own bank?
Your bank can only offer its own loans under its own rules, and it will never tell you when a different lender would take a more helpful view. We compare 35+ lenders, prepare the application properly and stay across it until settlement, at $0 cost to you. On a Glenorie property that breadth counts, because the property narrows the field before your income is even considered.
Your Glenorie mortgage broker
Your home loan.
Made simple.
Free check. No pressure. 35+ lenders compared at $0 cost to you.
Glenorie sits at the northern end of the Old Northern Road acreage belt. Middle Dural and Kenthurst are closest, with Dural and Glenhaven south towards Castle Hill. West across the farmland sit Annangrove, Maraylya and Cattai, with South Maroota and Maroota north along the ridge. Nelson and Kellyville sit south west. We cover all of them, so if your search shifts a suburb or two, you are not starting from scratch.