Mortgage Broker - Tamworth, Armidale, Inverell, Glen Innes, Gunnedah, Tenterfield and Surrounds

Call: 0418 688 183

What are your goals? Do you need a home loan, car or personal loan, investment or commercial loan? Lynelle will be there to find the right lender for you from an extensive panel of over 30 lenders. With a Mortgage Choice Broker You're Never Alone!

Based in Armidale, she can assist customers in the New England region and beyond.

Call Us Mortgage Choice Armidale
Office - 0418 688 183

Open Hours Mortgage Choice Armidale
Monday - Friday: 9:00am - 5:00pm
After hours by appointment
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Start your home loan journey today

Why Use a Mortgage Broker?

Purchasing a property is exciting, whether it’s your first home or an investment property. But trying to find the right loan – who has the best rate and what do all the terms and policies mean – can be overwhelming and take hours. This is where Lynelle comes in.

With an extensive list of lenders she will find the right one for you and your circumstances.

Lynelle does all the legwork in finding the right home loan for your needs and will support you throughout the entire application and settlement process. This includes doing all the paperwork, sourcing pre-approval, helping you to apply for any government grants or incentives that you may be eligible for, and keeping you up to date with the progress of your application.

If you would like to have a chat with our team, book an appointment this week!

Home Loan Resources | New England Region

If you're chasing more information about the home loan process, then make sure you check out our property guides.

Our property guides provide information that may assist you with your home loan, no matter if it's for your first home or for an investment property.

Download our guides now!

Call Lynelle this week on 0418 688 183 to start the discussion.

Lynelle Slade - your local mortgage broker can help you with:

Home Loans Armidale
Mortgage Brokers Tamworth
Investment Loans
Refinancing
Mortgage Brokers Inverell
Buying your first home
Personal Loans
Car Loans
Equipment Finance and Leasing
Commercial Finance
Debt Consolidation
SMSF loans

We will help you choose the finance & protection that's right for you

How much deposit do I need to purchase a property?

Most lenders require you to have some savings to put forward as a deposit in order to purchase a property. Generally speaking, most lenders like you to have at least 20% of the purchase price of a property. Anything less than this and you may have to pay Lender’s Mortgage Insurance (LMI).

Typically, this is required to either be paid upfront from your savings or it is capitalised into your home loan, meaning you pay it off over time along with your home loan.

To discuss how much you will need for your next purchase, get in touch with Lynelle. As your mortgage broker in the New England she will guide you through the entire home loan process.

Check out our free home loan calculators here or call me to discuss your unique circumstances.

To arrange a home loan appointment call Lynelle on 0418 688 183.

The right home loan for your needs

Our mission is to find the right home loan for your individual needs and to always have your best interests at heart. Plain and simple. Which is why we have such a wide range of lenders to choose from. We can search through hundreds of products to find something tailored to your situation. ~

Client reviews

Lynelles customer service goes above and beyond to tailor a mortgage to suit you. Lynelle is highly professional and keeps you regularly updated with clear, concise communications. Lynelle is very professional, understanding and trustworthy. I was worried about using a broker, having never used one before. Im so glad I contacted mortgage choice

Wade
22 September 2023

My wife and I recently refinanced our home loan through Lynelle Slade Mortgage Choice. Our existing property had increased in value and we had the opportunity to access the equity in our home. We found Lynelle to be very knowledgeable and took the time to understand our personal circumstances and needs before recommending the appropriate options. We very much appreciated that Lynelle always answered... read more

Kevin
20 September 2023

I would highly recommend Lynelle at Mortgage Choice to all my family and friends. She has a keen eye for detail and is committed to the best outcome for all of her clients.

Katrina
25 March 2023

I have gone through the loan process a number of times and my experience with Lynelle has been the easiest and least stressful I have had.
A great result and a truly wonderful person. Highly recommend.

Allan
22 February 2023

Lynelle's professionalism and promptness exceeded any expectation, nothing was ever a problem and no question was ever a silly question. Lynelle has gone above and beyond to help us achieve part of our dream - will definitely be using Lynelle to achieve the final part of our dream in the future years ahead -

Naomi
21 February 2023

Lynelle is very approachable and went out of her way to answer all my questions. I look forward to working with her again.

craig
11 November 2022

We are overwhelmed by Lynelle's support and professionalism. Her prompt responses, however big or small, have ensured we are now achieving our dream of owning our own home. Lynelle has made us feel comfortable and supported from the very first point of contact, and through every stage of the buying process. She continues to exceed our already high expectations.

Natalie
29 September 2022

Refinancing guide

Considering refinancing? Our guide explains the reasons, costs and steps involved in refinancing your home loan.

Download now

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The borrowing amount is a guide only. Loan repayments are based on the lowest interest rate (either standard variable or 3-year fixed rate, owner occupier) from our lender panel over a repayment period of 30 years. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

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There's a lot to consider when choosing the right loan.

The lowest interest rate from our lender panel is either standard variable or 3-year fixed for an owner-occupier. Rates and repayments are indicative and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

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Extra Information

Home Buyer Concession Scheme

From 1 July 2019, the FHOG ACT has been replaced with exemptions on stamp duty. The stamp duty exemption is applicable to all properties in ACT, including vacant residential land and both new and established homes at any price. As this is still to aid first home buyers, to be eligible at least one buyer must live in the home for at least 12 months, starting within 12 months of settlement or completion of construction.

To be eligible, first homeowners in the ACT must have a household income below $160,000. This number increases up to $176,650 depending on the number of children you may have.

Click here for more information on the ACT First home Owner Grant.

Stamp duty concessions in NSW

From 1 August 2020, the NSW government has announced that stamp duty will not be applicable to first home buyers for properties valued up to $800,000 and vacant land valued up to $400,000. This stamp duty exemption will be in place for 12 months to 31 July 2021, in which the stamp duty exemptions will revert back to $650,000 for homes and $350,000 for land.

Additionally, a concessional rate of duty will apply to homes valued more than $800,000 but less than $1,000,000 and vacant blocks of land valued more than $400,000 and less than $500,000

How much is the First Home Owners Grant NSW?

The FHOG in NSW is worth $10,000 however conditions apply. To be eligible, your first home must have a total value below $600,000, and be either newly constructed or ‘substantially renovated’. A home is substantially renovated when most or all of the original house was removed or replaced, and it’s the first time the place has been sold, and lived in, after the renovations were completed.

If you plan to build a new home from scratch, you can still be eligible for the FHOG in NSW as long as your land plus the home you build have a combined value of less than $750,000.

Click here for more information on the NSW First Home Owner Grant.

How much is the First Home Owners Grant in the NT?

The First Home Owner Grant in NT is $10,000. Your income and the price of your home don’t affect the FHOG NT, and the grant is available if you buy or build a new house, apartment, duplex or townhouse.

As of 30 June 2021, there are currently no stamp duty concessions for first home buyers in NT.

Previously the Territory’s First Home Owner Discount was in place from 8 February 2019 to 30 June 2021. It let you save up to a maximum of $18,601 on the cost of stamp duty. The savings were available whether you purchased a new or established home as long as the home was valued under $650,000.

Click here for more information on the NT First home Owner Grant.

How much is the First Home Owners Grant QLD?

As a first home buyer in Queensland you could be entitled to the $30,000 First Home Owner Grant. To be eligible, you need to buy a brand new home or build a home from scratch with the total value (including the land) below $750,000. You may also be eligible if you buy off the plan or an established home that’s been substantially renovated.

As a guide, substantial renovations include replacing or altering foundations or replacing or altering floors. Cosmetic work such as painting the walls or sanding floors doesn’t add up to a substantial renovation when it comes to the FHOG in QLD.

Stamp duty concessions

If you’re buying vacant land to build your first home, you pay zero stamp duty as long as you pay $250,000 or less for your block. Concessions are available for vacant land valued above $250,000 and up to $400,000. Whereas if your first home is valued up to $500,000, you pay zero stamp duty. That’s a saving of $7,175 which is the maximum stamp duty rebate available to first home buyers in QLD.

Additionally, savings on stamp duty may still be available if you pay between $500,000 and $550,000 for your first home. As a guide, if your first home is worth $530,000, you pay stamp duty of $6,300 a saving of $3,500. These savings cut out altogether if your first home costs $550,000 or more.

Click here for more information on the QLD First home Owner Grant.

How much is the First Home Owners Grant SA?

There are currently no specific stamp duty concessions available for first home buyers in SA.

The $15,000 FHOG in South Australia is only available to first home owners who buy a new home. You can choose from a house, apartment, townhouse or villa.

You will only be able to claim the FHOG SA if you pay below the following amounts for your home:

Before 14 June 2023: $575,000
After 15 June 2023: $650,000

You can also claim the First Home Owner Grant in South Australia when you buy a block of vacant land to build your first home on. However, the end value of your building plus land must be no more than $575,000.

Click here for more information on the SA First home Owner Grant.

Stamp duty concessions in TAS

If you buy an established home, you are not eligible for the FHOG in Tasmania but you may be able to claim savings on stamp duty. If you’re home is valued at

$400,000 or less, you will receive a 50% discount on the property transfer duty (stamp duty).

How much is the First Home Owners Grant TAS?

The FHOG Tasmania is worth $30,000 until 30 June 2022 but only when you buy or build a new home. Off the plan purchases are also eligible. In Tasmania, there is no limit on the purchase price of the property, and the FHOG is not means tested.

Click here for more information on the TAS First home Owner Grant.

Stamp duty concessions in VIC

First home owners in Victoria don’t pay stamp duty at all on their first home as long as the property is valued below $600,000. You may still be eligible for savings on stamp duty if you pay between $600,000 and $750,000 for your first home. The stamp duty concessions available in Victoria apply to both established and new homes.

How much is the First Home Owners Grant VIC?

The FHOG Victoria is only available if you buy a newly built home or if you choose to build a home from scratch. The FHOG is worth $10,000 if you build/buy in Victoria.

Your first home can be a house, townhouse, apartment, or unit but it must be valued at $750,000 or less, and it must be a new home – being sold as a home for the first time, and less than five years old.

Click here for more information on the VIC First home Owner Grant.

Stamp duty concessions in WA

If you buy vacant land to build your first home, you’re exempt from paying stamp duty as long as you don’t pay more than $300,000. If you pay between $300,000 and $400,000 you will be entitled to a reduced rate of duty.

If you buy a home costing up to $430,000, no stamp duty is payable at all. If the value of your home is between $430,000 and $530,000, you’ll be entitled to a reduced rate of stamp duty. There are no additional concessions for homes valued above $530,000 and land valued above $400,000.

How much is the First Home Owners Grant WA?

The FHOG WA is worth $10,000 when you buy or build a brand new home. There are limits on what you can pay for your first home to be eligible for the FHOG in Western Australia.

If you’re located south of the 26th parallel, which basically covers all the Perth metropolitan area, you can claim the FHOG WA if your new home is worth up to $750,000 – this includes the value of the land plus buildings.

If you buy or build a home north of the 26th parallel, the property must be valued up to or below $1 million to be eligible for the FHOG WA.

The First Home Owner Grant in Western Australia is no longer available if you buy an established home however you may be able to claim stamp duty savings.

Click here for more information on the WA First home Owner Grant.

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