Are you tired of dealing with complicated home loan applications for properties affected by natural disasters?
Look no further than Mortgage Street’s Optimax III. With its ability to accept security, which is bushfire affected, flood affected and insured flood affected securities, Optimax III is designed to make the loan process for these properties smooth and stress-free for both you and your customers. Upgrade to Optimax III today and take the first step towards a more efficient and profitable mortgage business.
As Australia’s premier alternative lending solution, our mission is to empower our brokers to achieve their goals
Our goal at Mortgage Street is to provide you & your customers with first-class service and innovative products to help you deliver solutions to your clients who don’t fit traditional lending criteria. But if your clients don’t qualify for a bank loan, Mortgage Street can always find alternatives. With 24 mortgage options available, we can help your customers find the right fit for their unique situation.
Digital service
Mortgage Street is committed to providing a modern, efficient service to our clients. By distributing home loans through professional Australian mortgage brokers, we can offer a convenient and streamlined digital process that allows you to apply for a loan, submit documents, and track the progress of your application from the comfort of your own home.
Fast approvals
Working with a Mortgage Street accredited professional mortgage broker means you can benefit from their expertise and industry connections. This can often result in faster approval times, as brokers are able to expedite the loan assessment process and provide lenders with the information they need to decide.
Flexible credit policies
Each lender has their own credit policies, which can vary significantly. By working with a Mortgage Street accredited mortgage broker, you can access a wider range of lenders and take advantage of more flexible credit policies that may be better suited to your individual circumstances.
Enhanced borrowing capacity
A Mortgage Street accredited mortgage broker can help you to maximise your borrowing capacity by advising on the best loan structure and providing guidance on how to strengthen your application. This can be helpful if you have a complex financial situation or are self-employed.
Negative gearing considerations
If you are planning to purchase an investment property, a Mortgage Street accredited mortgage broker can help you understand the tax implications of negative gearing and advise on the best home loan options to suit your goals.
Larger loan amounts
A Mortgage Street accredited Mortgage brokers have access to a wide range of lenders, including those that may consider larger loan amounts. This can be especially useful if you are looking to purchase a more expensive property or undertake extensive renovations.
No mortgage insurance to 85% LVR
Many lenders require mortgage insurance for home loans with a loan-to-value ratio (LVR) of over 80%. By working with a Mortgage Street accredited mortgage broker, you may access lenders that do not require mortgage insurance up to an LVR of 85%, saving you money on your loan.
Turbo charge your application for faster turnaround times
Fill up the MSt 003 and get low rates within a day
Complete the MSt 001 for ready to submit a new application
Mortgage Street focuses on what you and your customer needs. Submit a scenario now and we’ll help you every step of the way.
Helpful guides & forms
Don’t let your unique situation hold you back, explore the 24 mortgage options offered by Mortgage Street.
Good Borrowers
Specialist loan
Reloaction loan
The maximum interest-only repayment period for Optimax products is 10 years. This means that for the first 10 years of the loan, borrowers only have to pay the interest on the loan, rather than paying off any of the principal. This can make their monthly payments more manageable, especially for those who are looking for a short-term solution or have fluctuating income. However, it’s important to note that interest-only payments can be more expensive in the long run, as the entire loan amount will still need to be paid off, eventually. At Mortgage Street, we have a team of experienced mortgage brokers that can help you understand the pros and cons of interest-only payments and help you find the best solution for your financial situation.
Yes, Optimax products do accept an old system type of security. Old system properties refer to those properties that were created prior to the implementation of the Torrens title system in the late 1800s. These types of properties may present some unique challenges when it comes to financing, as they may not have a clear title or may not have been properly surveyed. However, Optimax products are flexible enough to accept these types of properties as collateral. It’s important to work with an experienced Mortgage Street accredited mortgage broker who can help navigate the complexities of these types of properties and find the best loan option for your situation.
The highest loan-to-value ratio (LVR) that your clients can obtain with Optimax III is 85%. While this LVR may be lower than some other options, Optimax III offers more flexible terms and conditions that can better suit the needs of your clients. If you want to learn more about Optimax III and how it can benefit your clients, please visit our website for more information. You’ll find more details about the product and how it compares to other options available on the market, making it easier for you to advise your clients.
The maximum loan amount that your clients can borrow with Optimax III is $5,000,000.00 per single security, this high loan amount can provide your clients with the financing they need to purchase or refinance their property, whether it’s a residential or commercial property. However, it’s important to note that the loan amount will also depend on your client’s income, credit history, and the property’s value. If you’re interested in learning more about the terms and conditions of Optimax III or want to know if your client would qualify, please visit our website for more information. You will find more details about the product and its features, as well as the requirements and the comparison with other loan options, making it easier for you to advise your clients.
The maximum interest-only repayment period for Optimax products is 10 years. This means that for the first 10 years of the loan, borrowers only have to pay the interest on the loan, rather than paying off any of the principal. This can make their monthly payments more manageable, especially for those who are looking for a short-term solution or have fluctuating income. However, it’s important to note that interest-only payments can be more expensive in the long run, as the entire loan amount will still need to be paid off, eventually. At Mortgage Street, we have a team of experienced mortgage brokers that can help you understand the pros and cons of interest-only payments and help you find the best solution for your financial situation.
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+LVR stands for the loan-to-value ratio. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes.
*Comparison rate: The comparison rate is based on a loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Loan applications, refinances and balloon amounts are subject to credit assessment.
Conditions, credit criteria, fees and charges apply. Based on Mortgage Street’s credit criteria, residential lending is not available for Non-Australian resident borrowers. Interest rates subject to change. Before making a decision, it’s best to read the terms and conditions.