100% Finance Loans

Most lenders will lend up to 95% of property valuation where a single property is offered as security for the loan, provided the property is assessed as being a suitable security. Some lenders will also add most of the Mortgage Insurance premium to the loan amount, provided the total loan amount does not exceed 97% of valuation. Refer “Lending Updates” link.

Several banks will lend 100% of the purchase price where another property, usually the parental family home, is available as additional security for the loan.

Example: if the purchase price is $400,000 a 100% loan can be structured as follows:

$320,000 (80%) loan in the purchaser’s name secured by the new property
$80,000 (20%) loan in the purchaser’s name secured by the parents’ property

Parents are required to sign normal mortgage documents as well as a property guarantee limited to the amount of $80,000.

Important points to consider with these loans include:

  • solid income proof and employment history are required
  • parents must be willing participants and receive independent legal advice before signing documents
  • NO MORTGAGE INSURANCE is payable, saving about $10,000 in the above example
  • when the total loan balance reduces to 80% of the purchased property value, the parental guarantee and mortgage over their home can both be terminated

What our customers say about us

Thanks for all your help and for making it so easy for me. Life will be so different now.

Jan Vincent
Montrose, VICTORIA

Thank you very much for the service you provided us regarding the refinance of our home loan. All went well and smoothly with no problems. We are happy with the new loan arrangement. Once again, thank you very much for your assistance.

Bala Krishna
Cranbourne VICTORIA

We have found Barry Le Brocq of Melbourne Mortgage Finance to be very patient, caring and diligent in achieving a successful outcome to our refinancing requirement. We have no hesitation in recommending his services to others.

Don & Christine Perrett
Leongatha, VICTORIA

Many thanks Barry for the exceptional service that you have provided. We will most certainly be recommending you to our daughter (Bank of Melbourne branch manager) for any future customers who need a reverse mortgage loan.

Paul & Barb Spark
Somerville VICTORIA



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Melbourne Mortgage Finance offers an extensive range of mortgage products and services including

Home Loans, Investment Loans, Equity Access Loans, Low Doc Loans, 100% Loans, Refinance Loans, Commercial Loans, Deposit Bonds, Reverse Mortgages, Accommodation Bonds, Vehicle Finance, Plant and Equipment Finance, Financial Planning and Business Finance.

IMMEDIATE appointment can be made to meet at your home or office

  • NO CHARGE for assisting you. We receive a standard fee from the lender you select
  • reliable service, communication and follow-up. See “Testimonials
  • accreditation with 20 national lenders, allowing you to select from an excellent range of loans
  • we carefully listen to your needs, do our research, then present you with a short-list of three potential loan solutions. You choose the lender.
  • printouts of products, fees, interest rate and loan features are provided
  • arrange for your property insurance and personal insurance requirements to be assessed
  • ongoing availability to assist you after loan settlement
  • over 30 years experience in arranging finance and mortgage loans