North Kellyville mortgage broker
North Kellyville mortgage broker
A mortgage broker
who knows North Kellyville.
A new estate suburb where the purchase price is only part of what you need, and the costs on top catch more buyers out than the loan itself. We compare 35+ lenders and it costs you nothing.
35+
Lenders
10+
Years experience
1,000+
Clients helped
$0
Cost to you
About North Kellyville
What the 2155 market actually looks like
History of North Kellyville
Farmland until the release area was rezoned and built out over the last two decades. It filled in quickly, estate by estate, which is why the housing is a similar age and the streets follow a plan rather than an old road. North Kellyville Square arrived with the population rather than before it.
North Kellyville property market
Modern family homes on estate lots, with townhouses and duplexes among them. Households are large and mostly couples with children, and the median age is young. Building approvals have slowed now the release area is largely complete, so what comes to market is resales rather than new stock.
North Kellyville property prices
Well into the millions for houses, with townhouses and duplex halves sitting lower. Because the estates were built to similar standards over a short period, there is plenty of comparable evidence and valuations are more predictable here than in older mixed suburbs. Rents are low relative to what the properties cost.
Borrowing in North Kellyville
The loan is usually the straightforward part. What catches people is everything else that has to be paid around it, from duty and insurance to inspections and adjustments at settlement. Lenders will not fund most of it, so it has to come from savings that were earmarked for the deposit.
North Kellyville is one of the suburbs we cover across the Hills District, and the one where the costs outside the loan catch the most buyers.
Budgeting for the
deposit only?
Duty, insurance, inspections and adjustments all land on top. We will map the full figure before you commit.
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.
First home
in the estates?
Concessions, the deposit scheme and professional waivers can all apply. Which ones depend on your situation.
Client stories
How we helped
Three real situations, and what actually happened in each one.
The costs on top surprised them.
They had saved what they thought was a deposit and had not counted the rest. Duty, the transfer and registration fees, building and pest, conveyancing, insurance before settlement and the council and water adjustments all landed on top. None of it can be added to the loan. We mapped the whole figure at the start so they were not scrambling in the final fortnight.
The limits were the problem.
Their capacity came back short and they could not see why, because the cards had nothing owing on them. A lender assesses a credit card on its limit rather than its balance, on the basis you could draw the lot tomorrow. Between them they were carrying limits untouched for years. Reducing and closing them lifted what they could borrow without changing how they lived.
Approved before the weekend.
A first home buyer who did not know where to start, with inspections booked for Saturday. We went through the process, prepared the application properly and had pre-approval through the same day, then sent property reports so they could look with real numbers rather than a guess. Being ready first is what makes a fast market workable.
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 North Kellyville 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 North Kellyville plan
First home
Learn more
Next home
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Investment property
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Refinancing
Learn more
Construction loans
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Bridging loans
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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, and at local prices that is a large sum. The lists and the limits differ from one lender to the next, so it is worth checking where yours sits.
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 was very professional and was able to help with our complicated loans to refinance. He kept us up to date throughout the process and made sure my wife and I understood everything before signing and that we had no issues after settlement."
FAQ
North Kellyville questions, answered
Why use a mortgage broker in North Kellyville?
Because lenders read the same application very differently, and one bank shows you one answer. We compare 35+ of them at no cost to you, prepare the application properly and stay with it through to settlement. Around here the loan is often the straightforward part and the money around it is what catches people. Brokers also carry a legal duty called the Best Interests Duty.
What do I need beyond the deposit?
Quite a lot, and none of it can be added to the loan. Transfer duty is usually the largest, then transfer and mortgage registration fees, conveyancing, building and pest inspections, insurance before settlement, and adjustments for council rates and water the seller has already paid. Mapping the full figure before you start looking avoids a scramble in the final fortnight.
Can any of those costs go into the loan?
Very few. Lenders mortgage insurance can usually be added to the loan rather than paid separately, which helps. Nearly everything else has to come from your own funds at or before settlement. That is why the deposit figure people carry in their head is generally short of what is actually needed, and why it is worth working out the whole number early.
What stamp duty concessions might I get?
New South Wales offers exemptions and concessions for eligible first home buyers up to certain property values, and those thresholds are reviewed from time to time. Whether you qualify depends on the price, whether you have owned before and whether you will live there. Revenue NSW publishes the current rules, so it is worth checking those rather than relying on what a friend paid.
How much deposit do I need?
Twenty per cent avoids lenders mortgage insurance, and at local house prices that is a serious sum, though townhouses sit lower. Plenty of buyers proceed with five or ten per cent and pay the insurance instead. Some occupations can skip it and a family guarantee can reduce it further. Remember the costs on top are separate from the deposit entirely.
Can I use the 5% Deposit Scheme here?
At the townhouse end it often works, provided the price sits under the scheme cap, while most houses here sit above it. The scheme lets an eligible first home buyer purchase with a 5% deposit and pay no lenders mortgage insurance, with Housing Australia guaranteeing the gap to 20%. It is a guarantee rather than a grant, and not every lender writes them.
How does a guarantor loan work?
A parent or close relative offers part of the equity in their property as additional security. They take on none of your repayments and no money moves between you. Most are limited guarantees, so a defined portion is involved rather than their whole home. Once your loan has come down far enough the guarantee can be released, though someone has to request it.
Do unused credit cards really affect my borrowing?
They do, and it surprises almost everybody. A lender works from the card limit rather than the balance, on the basis that you could draw the whole amount tomorrow. A card sitting at zero still reduces your capacity by a monthly figure calculated from that limit. Reducing or closing old cards before applying is one of the few genuinely quick wins available.
How long does pre-approval last?
Around ninety days as a rule, renewable with updated payslips and statements. It tells you what a lender will consider so you can look at properties with a real number. Each formal application also leaves a mark on your credit file, so it is better to prepare one application properly than to lodge several speculatively across different lenders.
What is an offset account?
An everyday account linked to your loan, where the balance is subtracted from the loan before interest is calculated. Money held there reduces the interest you pay while staying fully accessible. It suits households carrying a working balance across the month. Loans with an offset can carry a slightly higher rate or annual fee, so it depends on the balance you keep.
Offset or redraw?
Offset money stays in your own account and never becomes part of the loan. Redraw money has already been paid in as extra repayments, and the lender permits you to withdraw it on terms it can vary. Offset gives cleaner control over your own funds. Redraw tends to come attached to simpler loans at a lower rate.
Should we fix the rate?
Fixing gives a known repayment for an agreed period, which helps when a household budget is tight, and you lose out if rates fall. Variable moves with the market and normally keeps offset and unlimited extra repayments. Fixed loans usually cap extra repayments and can carry break costs on early exit. It depends on your plans rather than any general rule.
Can we fix only part of it?
Yes, through a split, which most lenders allow at no extra cost. Fixing one portion gives certainty over part of the repayment while the variable portion keeps an offset and free extra repayments. Families often use it where one income is steady and another varies. It is worth asking about, since it is seldom suggested first.
Interest only or principal and interest?
Principal and interest brings the balance down and costs less over the loan. Interest only keeps the repayment lower for a period without reducing what you owe, so the balance is the same at the end of the period and the repayment then steps up. It is used far more on investment lending, where the tax consequences are for your accountant.
Can we pay the loan down faster?
On a variable loan, usually without limit, and it compounds because every extra dollar reduces the interest charged from that day. Fixed loans commonly cap the extra allowed each year and charge beyond it. If you expect to pay more than the minimum, check that cap before fixing rather than afterwards.
When is refinancing worth doing?
Whenever a couple of years have gone by without comparing, because lenders reserve their better pricing for new customers and the gap grows quietly. It is also worth a look when a fixed term ends, or once your loan has come down under eighty per cent of the value, since that can remove ongoing insurance costs and open better pricing.
What does refinancing cost?
Generally a few hundred dollars to around a thousand. Your current lender charges a discharge fee, there are government fees to move the mortgage, and the new lender may charge settlement or valuation fees, though plenty waive them. If you are on a fixed rate there can be break costs, which get checked before anything else.
Does the loan term reset?
It does unless you ask otherwise, because refinances default to a fresh thirty year term. That makes the monthly repayment look smaller while quietly adding years of interest, and if you are five years in you have just handed those five years back. Ask for the remaining term. No lender offers this unprompted.
Can we buy before we sell?
Yes. Bridging finance funds the new purchase while the current home is on the market, with a period set by the lender for the sale to complete. Or, where the equity and income allow, you release equity from the existing property to fund the purchase and sell afterwards with no deadline pressing on the price you accept.
Should we keep the first place and rent it out?
Worth pricing against selling before you decide. The questions are whether your income supports both loans once part of the rent counts, and whether equity can be released without a sale. Keeping the properties on separate securities protects your flexibility later. Holding a former home changes its tax treatment, so that sits with your accountant.
How much equity can we access?
Broadly eighty per cent of what the property is worth now, less what you still owe, with lenders mortgage insurance generally returning past that. In a newer estate the figure depends heavily on when you bought, since values moved a long way during the build out phase and rather less since. Servicing usually sets the limit rather than equity.
How much rent will a lender count?
A portion rather than all of it. Expected rent is discounted for vacancy, management and costs, with the amount varying between lenders, and the loan is assessed at a rate above the one you actually pay. It means a rental appraisal and the figure a lender uses are two different numbers, so plan on the second.
Do we have to come into an office?
No. Everything runs by phone, Zoom or Teams, and documents are shared and signed electronically. For a family managing school runs and work, that is generally easier than finding a window to sit in an appointment. If you would rather meet in person we come to you, including evenings and weekends.
Bank or broker?
A bank can only offer its own loans under its own rules, including how it treats your credit card limits, your other commitments and your deposit. If theirs is the stricter view you get a smaller number, and nobody there is required to mention that another lender reads it differently. We compare 35+ lenders first, at $0 cost to you.
Your North Kellyville mortgage broker
Your home loan.
Made simple.
Free check. No pressure. 35+ lenders compared at $0 cost to you.
North Kellyville sits in the middle of the Hills growth corridor. Kellyville and Beaumont Hills are next door, with Rouse Hill and Nelson north and Bella Vista and Norwest down the corridor towards Castle Hill and Baulkham Hills. The acreage begins east and north at Glenhaven, Kenthurst and Annangrove, with Box Hill west. We cover all of them, so if your search shifts a suburb or two, you are not starting from scratch.