Package Home Loans

Package home loans often come with fees and purported benefits that don’t always deliver real value. Many intelligent professionals feel pressured into package mortgages, but the reality is you can access offset accounts and other features through non-package loans, often without the fees. There’s no requirement to bundle your credit card with your mortgage lender—you’re free to choose products that suit you best from different providers.

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Brodie Brown

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Meet Brodie Brown

If you’re considering a package home loan, let me help you understand whether it’s actually the right choice for your situation. I’m Brodie Brown, Managing Broker here at BH Brown Mortgage Brokers. Based in Perth, we specialise in home loans for a range of different situations and work with clients right across Perth’s Western Suburbs.

Brodie Brown

The Property Investor’s Mortgage Broker

Understanding Package Home Loan Products

We write hundreds of mortgages each year and still don’t understand the brainwashed opinion that somehow, people (usually intelligent professionals) feel they need a package mortgage.

What do you need a home loan package for? Do you want an offset account, or multiple? You can get this on a non-package loan, often avoiding the fee.

Do you want a credit card? Why not get one that suits you perfectly with another bank that is different to the bank that you are getting a mortgage from? There’s no law against it.

Why Package Mortgages Are Losing Favour

Package mortgages are generally becoming less favoured due to the fees, the absence of a real advantage and the general public calling BS on the purported benefits.

Do you want a credit card? Why not get one that suits you perfectly with another bank that is different to the bank that you are getting a mortgage from? There’s no law against it.

How to Get Started with the Right Home Loan

Remember:

If variable rates increase, you may pay more interest than if you fix your rate. It will depend on the size of the increase(s), how far into the term the increase(s) occur, and how long you hold the loan after the increase(s) occur.

If variable rates stay flat or decrease, you will pay less interest than if you fix your rate. This is on the basis that your fixed rate is higher than the variable rate over the same period.

Rate Lock

Some lenders will provide you with the option of locking in the fixed rate prior to settlement occurring. This is referred to as “Rate Lock” and will involve paying a rate lock fee which will usually be calculated as a percentage of the loan amount.

This fee can be a significant amount, although some lenders will not charge a fee or may waive it.

Our Approach to Perth Home Loans

We don’t have targets to meet other than to maintain our stellar reputation. What’s this mean for you? Faster progress towards financial security and wealth, fewer fees, a lower loan balance; faster. Isn’t THAT what you REALLY want?

Book Your Free 10-Minute Finance Strategy Session

No cost. No obligation. Just straight-talking advice to help you build wealth faster.

Brodie Brown

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Milica Pacaric

Brodie and his team helped us to find the best finance deal for the purchase of our new home. They were very professional, proactive and their attention to detail was impeccable from start through to settlement. They spend the time to understand your individual needs and come back with the most suitable value for money options available. On top of everything they are positive, friendly and honest which me and my husband valued the most. Brodie was patient with us even though it took us a few years to get to this point and the support he provided us was by far reassuring and it gave us the confidence we needed to achieve our goal in the end. I would recommend BH Brown Mortgage Brokers to anyone looking for a broker who really knows their numbers (and the industry) to get you the best deal. Thank you Brodie and Lara

Charlene O'Hare

Amazing.. Highly recommend these guys for a Morgage.. They made it really Easy and kept the whole Experience relaxing didn't feel stressed one bit.. Brodie and his Team are Very Professional and straight to the Point Deserving of their 5 Stars 🌟

Vaughan Hanbury

Great meeting with Brodie on Wed, good to review our situation and talk strategy, we look forward to working with him in the future

Gregory

The team was awesome. Helped me consolidate all my expensive loans and refinanced properties which reduced my overall financial stress. Highly recommend. Thank you Brodie and Lara !!

Benjamin Wemyss

Great service, onto it with creative personalized soultions.

RZ Bowring

Brodie and his team were a pleasure to deal with. They provided us with clear advice at each stage of the process and found us a great deal on our home loan. We highly recommend them and look forward to using them again.

maggie s

Incredibly attentive, they made the experience as stress free as possible for someone that has zero experience with getting a mortgage. Highly recommend this team they took great care of me

Matthew Dawson

Huge thanks to Brodie & his very knowledgeable team for all of their assistance & hard work. We highly recommend their services & wish them all the best going forward.

Rebecca NICHOL

Thankyou Brodie for your professionalism and the smooth process involved with arranging my finance. Lara was also very helpful in the process and I found her very helpful whenever I had queries along the way . Great team work which enabled me to achieve my goal! I would certainly use your services again and recommend you to others!

David Fallows (Fosters Fencing)

Brodie and his team member, Lara, were fantastic to deal with, I felt relaxed with them and they worked with me to secure a loan for investment purposes. They were very responsive and professional. I will definately be using BH Brown next time round for future investment opportunities. Thanks Brodie and Lara