Melbourne East
Cinch Loans is a mortgage broker for Burwood East, a few minutes from our Blackburn office. We compare more than 90 lenders, write the plan down before any application, and meet Burwood East clients at the office, at home or on video. First home, next home, refinance, investment or SMSF.
About 4 km from our Blackburn office. Office, home or video
Three things worth knowing before you borrow in Burwood East.
3151
Postcode
Whitehorse
Council: City of Whitehorse
4 km
From our Blackburn office
Burwood East is Burwood Highway's suburb: Burwood One, the Tally Ho business park, Deakin's Burwood campus next door, and streets of 1960s brick homes and newer apartments along the highway and Blackburn Road. Blocks are generous and a lot of them have been rebuilt.
Investors buying near Deakin, families upgrading within Whitehorse and owners refinancing after a rebuild are the Burwood East mix. If you are holding an apartment that has not grown much while your house has, a refinance with equity release can fund the next purchase without selling.
Transport and access: the route 75 tram along Burwood Highway, Burwood Highway and Blackburn Road buses, EastLink and the Monash Freeway both within ten minutes.
Burwood East is a few minutes from the office on Maple Street, so most Burwood East clients come in for the first chat, and some prefer their own kitchen table or a video call. Thirty minutes is enough. You leave with a borrowing figure, the schemes you qualify for and a plan in writing. Documents go through a secure portal, we lodge with the lender you choose, and the team chases valuation, approval and settlement so you do not have to.
First home buyers in Victoria pay no stamp duty on a home valued at $600,000 or less, and a reduced amount on a sliding scale up to $750,000. The $10,000 First Home Owner Grant applies to a new home valued at $750,000 or less. The federal First Home Guarantee lets eligible buyers purchase with a 5% deposit and no lenders mortgage insurance, with a price cap of $950,000 in Melbourne and Geelong and $650,000 in the rest of the state.
Everyone else pays the general rate: $2,870 plus 6% of the price above $130,000 up to $960,000, then a flat 5.5% to $2 million. On a $900,000 home that is $49,070, paid at settlement and not funded by the lender. Our stamp duty calculator runs the current bands and concessions.
None of this is personal credit advice. Your situation is assessed before any recommendation, the lender is chosen on the written comparison, and the commission we are paid by the lender is disclosed in your Credit Guide before you decide anything.
Where you are, what you have saved, what you want to buy or refinance. You leave with a borrowing figure, the schemes you qualify for, and a plan in writing. No credit check, no obligation.
Book my free chatCheck my borrowing powerServices: First home buyers · Home loans · Refinancing · Investment loans
Free · no credit check · 0458 872 992
Straight answers. If yours isn't here, ask cinchi (bottom right) or book a chat.
Do you come to Burwood East?
Yes, and Burwood East is only a few minutes from our office at 56 Maple Street, Blackburn, so most clients come to us. Home visits and video calls are easy too, and evenings and weekends are available by arrangement.
How much deposit do I need to buy in Burwood East?
Five per cent plus stamp duty and costs if you qualify for the First Home Guarantee, which caps at $950,000 in Melbourne. Otherwise plan on 8 to 12 per cent with lenders mortgage insurance, or 20 per cent to avoid it. Victorian first home buyers pay no stamp duty up to $600,000 and a reduced amount to $750,000.
Which lender is best in Burwood East?
There is no single best lender. The right one is the lender whose policy suits your income, deposit and the property, and who prices your loan sharply after the honeymoon rate ends. We usually compare three or four in writing and recommend one.
What does a mortgage broker cost?
Nothing to you. We are paid a commission by the lender you choose, disclosed in your Credit Guide before you decide, and our recommendation does not change with it.
Same team, same process, wherever you are. All locations
Local knowledge. Lending Australia-wide. A cinch.
Burwood East
VIC
3151
-37.8500
145.1500
mint
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Mortgage Broker Burwood East | Cinch Loans, Blackburn
Mortgage broker for Burwood East, 4 km from Blackburn. First home, refinance, investment and SMSF loans across 90+ lenders. Office, home or video.