Buying a Home in Perth

How much you can borrow depends on your income, expenses, existing debts, deposit and financial circumstances. Different lenders also have different lending policies and ways of assessing borrowing capacity.

At Morris Home Loans, we can help you understand your borrowing options and compare suitable home loans from our panel of 30+ lenders, so you can start your property search with greater confidence.

You can also try our borrowing power calculator for a rough starting point.

While a 20% deposit can help you avoid Lenders Mortgage Insurance (LMI), you may be able to purchase a home with a smaller deposit, depending on your circumstances and the lender's requirements.

Some eligible buyers may also have access to government schemes or other options that reduce the deposit needed. We can help you explore what's available and understand the costs involved.

Eligible first home buyers in WA may be able to access government help, such as stamp duty (transfer duty) concessions, grants and low-deposit schemes. The rules, price limits and eligibility criteria change from time to time, so it's important to check what applies to you.

We explain the main options, and how they can fit together, on our first home buyers page. We can also confirm what you may be eligible for before you commit to anything.

Home loan pre-approval is an indication from a lender of how much you may be able to borrow, subject to conditions and final assessment.

While it isn't always essential, getting pre-approval before you start seriously looking for a property can help you establish a realistic budget and make more informed decisions.

Pre-approval isn't a guarantee of final loan approval, so it's important to understand any conditions attached.

Beyond your deposit, you may need to allow for stamp duty (transfer duty), conveyancing or settlement fees, building and pest inspections, moving expenses and potential lender fees. Depending on your deposit and loan structure, Lenders Mortgage Insurance may also apply.

Our WA stamp duty calculator gives you a quick estimate, and we can help you understand the likely upfront costs so there are fewer surprises along the way.

Yes. Many lenders offer home loans for self-employed borrowers, although the income verification requirements can differ from those for salaried employees.

Depending on the lender and your circumstances, you may need to provide tax returns, financial statements or other evidence of income. We can help identify lenders whose policies may suit your situation.

A bank generally offers its own home loan products, whereas a mortgage broker can compare options from multiple lenders.

At Morris Home Loans, we look at more than just interest rates. We consider fees, loan features, lending policies and your individual circumstances to help identify suitable options. We also help manage the application process, from understanding your borrowing position through to settlement.

Morris Home Loans does not charge clients a fee for our mortgage broking service. If your home loan proceeds, we're generally paid a commission by the lender.

We'll explain how we're paid and disclose the relevant remuneration arrangements during the home loan process. You may still need to pay lender fees, government charges and other costs associated with purchasing your property.

Mortgage brokers are commonly paid by lenders through an upfront commission when a loan settles and, in some cases, an ongoing trail commission. Commission arrangements can vary between lenders.

We'll disclose any commissions and other relevant remuneration as required during the home loan process. Our recommendation isn't based on which lender pays us the most. Mortgage brokers are required to act in your best interests when providing credit assistance.

Yes. Morris Home Loans is based in Western Australia and helps clients explore home loan options across Australia.

Whether you're buying locally or interstate, we can guide you through the lending process and help you understand your options.